FG Stops Purchase Of Vehicles
Federal Government has stopped what it called non-critical and administrative capital spending, including the purchase of vehicles. The Special Adviser to the President on Media and Publicity, Femi Adesina, disclosed this in a document tagged, “What you need to know about the Nigeria Economic Sustainability Plan” made available to journalists in Abuja on Thursday. The plan was developed by the Economic...
FG Approves $124.2 Million Loans For Water Projects
The Federal Executive Council has given approval for the collection of $104.2m and $20m loans from two international financial institutions for the development of water projects in Nigeria. According to the Federal Ministry of Water Resources, the loans would come from the African Development Bank and the African Growing Together Fund. A spokesperson for the ministry, Kenechukwu Offie, who disclosed this...
Uche Ogah: FG Has Established 6 Mineral Cluster, LED Processing Projects In South East
As the government strives to diversify the nation's economy, the Minister of State for Mines and Steel Development, Dr Uchechukwu Ogah says the federal government has established six solid minerals cluster projects to boost the economy and conserve foreign exchange, ABN TV reports. Ogah who spoke during an interview session in Calabar also revealed that the government has established the...
Don’t Shut Down Cryptocurrency Business, Atiku Appeals To Buhari
Former vice-president Atiku Abubakar has urged the Buhari administration not to shut down cryptocurrency business, as announced by the Central Bank of Nigeria on Friday. In a statement signed by him on Saturday, Atiku urged government to regulate the sector rather than embarking on an outright shutdown. “This is definitely the wrong time to introduce policies that will restrict the inflow...
Sen. Kalu Reveals Secret Of Business Start-Up, Management To Nigerian Youths
A billionaire Nigerian businessman and politician, Sen. Orji Uzor Kalu on Thursday delivered a lecture on ways to strike a business start-up and management in Anambra. ABN TV gathered that the event was organised by Dr. Stannel Uzochukwu CEO/MD Stannel group in collaboration with Access Bank, BON Hotel, office of the Governor Anambra state amongst others. The former Abia governor delivered...
Publish Details Of Your Foreign Loans Now, Guru Maharaj ji Challenges Buhari
The Founder of One Love Family Satguru Maharaj ji on Sunday urged President Muhammadu Buhari to publish a breakdown of foreign loans obtained by his government since he came to power in 2015. He also urged the President to publish names and photographs of those who have been caught and jailed by the Economic and Financial Crimes Commission (EFCC) and...
Obaseki Decries Nigeria’s Rising Debt Profile, Says FG Printed N60bn To Share In March [VIDEO]
Edo State Governor, Godwin Obaseki, has said Nigeria is in “huge financial trouble” with the way the economy is run. Obaseki lamented that Nigeria was the only country in the world where the federal, state, and local governments earn salaries at the end of the month, adding that the Federal Government printed N60bn as part of federal allocation for March. Speaking...
I Can Generate Billions Of Dollars From Cattle Business – Senator Okorocha
The lawmaker representing Imo West in the National Assembly, Senator Rochas Okorocha has said that Nigeria loses billions of dollars from cattle business, urging the Federal Government to invest in the business. He stated this during an interview on Channels Television’s Sunday Politics, noting if cattle business is being tapped well, it could create one million jobs for Nigerians. “Do you...
Pat Utomi Inspects Enyimba Automated Shoe Factory Aba [PHOTOS]
Prof. Patrick Okedinachi Utomi, Patito's Gang Television Anchor, has called on the Military, Paramilitary, and other Security Agencies in the country to patronise the Enyimba Automated Shoe Company. Prof. Patrick who stated this during his inspection visit at the Enyimba Automated Shoe Factory, Aba in Abia State expressed satisfaction with the level of ongoing work at the factory. The Professor...
FG To Meet Foreign Diplomats Over Twitter Ban
Following reactions to the Federal Government’s suspension of twitter operations, the Minister of Foreign Affairs Geoffrey Onyeama will meet with foreign diplomats by noon today. US, UK, EU, Sweden have all reacted against the ban, which they condemned as an infringement on rights of the people. The meeting, it was gathered, is meant to explain government’s stance on the issue. Snippet about...
