Nigerians Should Accept Increase In Fuel Price – Minister
The Federal Government has insisted that Nigerians should brace up for an increment in the pump price of petrol, in the light of the current economic situation in the country. The minister said, “It is very unfortunate that if (there is) an increment in fuel pump price, (it) would have an impact on the marketplace and we are not happy...
Crude Oil: Nigeria’s Exact Production Volume Not Known — NEITI Reveals
The exact volume of crude oil produced in Nigeria, especially at the deep offshore fields, is not known by anyone, the Nigeria Extractive Industries Transparency Initiative said on Thursday. Executive Secretary, NEITI, Orji Ogbonnaya-Orji, disclosed this in Abuja during a courtesy call on the Director-General of the Federal Radio Corporation of Nigeria, Mansur Liman. He told his host that the exact...
Nigeria Hits 18.17% Inflation Rate – NBS Reports
Nigeria's inflation rate rose from 17.33% recorded in February to 18.17% in the month of March. In the latest report released by the National Bureau of Statistics (NBS), the Headline index increased by 1.56% in March 2021, this is 0.02% points higher than the rate recorded in February 2021 (1.54 percent). Food inflation, a closely watched index spiked to 22.95% from 21.79% recorded in the...
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...
WTO Won’t Harm Nigeria’s Economic Diversification, Okonjo-Iweala Tells Buhari
The Director-General of the World Trade Organization (WTO), Dr Ngozi Okonjo-Iweala, has allayed fears that embracing the free trade policy of the world body would harm Nigeria’s economic diversification drive. Fielding questions after a meeting with President Muhammadu Buhari at the presidential villa, Abuja on Monday, she affirmed that special and differential treatment could be applied to prevent vulnerable countries...
We Don’t Have Land For Ranching, Southeast Governors Insist
The South East Governors Forum on Thursday said there was no land for ranching in the region. Speaking through its chairman, Governor Dave Umahi of Ebonyi State, the governors explained that there would be no land for ranching among the states in the region as contained in the National Livestock Transformation Plan, NLTP of the federal government. The governor, who also...
You Can’t Ban Open Grazing, Miyetti Allah Challenges Governors
The Miyetti Allah Kautal Hore, a factional umbrella body for herdsmen in the country, has said it is opposed to the ban imposed on open grazing of cattle by South-West governors. It said the enforcement of the ban was tantamount to an eviction notice. This is however against the position of the Miyetti Allah Cattle Breeders Association of Nigeria, which...
Umahi Holds #EndSARS Youth Summit, Earmarks N3bn Empowerment Fund
Governor David Umahi of Ebonyi state says the state government has earmarked N3 billion for the #EndSARS youth empowerment scheme. Umahi said this on Wednesday in Abakaliki, while declaring the Ebonyi #End SARS youth summit open. He said that his administration had put necessary machinery in place to ensure the appointment and election of youths into political positions. He appealed to youths...
Bailey Bridge Ohafia Shuts Down Midnight Monday For Maintenance
Member representing Arochukwu/Ohafia federal constituency, Hon. Uko Nkole has announced the closure of Bailey bridge located along Ohafia -ABAM for maintenance starting from midnight of today monday 01/03/2021. This is contained in a statement issued by Ibem Onwuka, Media Assistant to the House of Representatives member. This is to enable the authorities carry out a repair work on the collapsed bridge. All...
Obasanjo Commends Yahaya Bello On Security, Infrastructure
Former President Olusegun Obasanjo has commended Gov. Yahaya Bello of Kogi on his efforts in providing security, good governance, and infrastructure building in the state. The Chief Press Secretary to Kogi governor, Mr Mohammed Onogwu, disclosed this in a statement on Sunday in Abuja. Onogwu, who quoted Obasanjo as making the commendation when he met with the governor on Sunday in...
