FG To Boost Benue’s Agric Sector – Minister
The federal government has expressed its desire to transform the agriculture sector of Benue State in order to boost food production and encourage exportation. This was disclosed yesterday by the Minister of State for Industry, Trade and Investment, Mariam Katagum, in Makurdi at the official inauguration of the state office for the implementation of the Nigeria Agribusiness and Agro-Industry Development...
IPMAN Advises FG To Remove Petrol Subsidy
The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday advised the Federal Government to remove subsidies on petrol in order to increase the sector’s contribution to the nation’s revenue. Mr Mike Osatuyi, National Operations Controller, IPMAN gave the advice in an interview with the News Agency of Nigeria (NAN) in Lagos. He was reacting to President Muhammadu Buhari’s presentation of...
Nigeria Will Continue To Borrow Responsibly – Senate President Lawan
President of the Senate, Ahmad Lawan, has explained why it is important for the Nigerian government to continue to borrow responsibly to fund critical projects in the country. He believes it is not feasible for the government to tax the people further in the face of the present economic situation and the nation’s infrastructure must be developed. The Senate President made...
Tinubu Can’t Make Dollar, Naira Value Equivalent — Former Minister
A former Minister of Lands, Housing and Urban Development, Chief Nduese Essien has faulted the claim by the Presidential candidate of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu that he would bring the naira at par with the dollar ...
Dangote Loses N240b In 5 Hours To Coronavirus
Africa’s richest man Aliko Dangote on Wednesday lost more than N240 billion in five hours as the effect of the coronavirus bit harder on the Stock Exchange. The World Health Organisation (WHO) on Wednesday declared coronavirus a pandemic. A pandemic is a disease that is spreading in multiple countries around the world at the same time. Some of Dangote’s firms under the...
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...
FG Vows To Checkmate Indiscriminate Borrowing By States
Worried by the indiscriminate borrowing by state governments from banks and the capital market, the Federal Government has commenced a process to check such borrowing. Consequently, the Fiscal Responsibility Commission, FRC, has issued a guidelines on conditions a state government must meet before borrowing from any bank, in the country. Barrister Charles Abana, the Head, Directorate of Legal, Investigation and Enforcement...
Please Don’t Legalise Cannabis, Chairman NDLEA Buba Marwa Begs
The recent push by some stakeholders for legalisation of cannabis in Nigeria will rob the country of the gains so far made in the renewed war against drug abuse and trafficking, Chairman and Chief Executive of the National Drug Law Enforcement Agency (NDLEA), Brig. General Mohamed Buba Marwa (rtd), has warned. He gave the warning in Abuja, yesterday, at a...
Petrol To Sell At N168 As PPMC Increases Depot Rate
The Petroleum Products Marketing Company, PPMC, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has increased the depot price of premium motor spirit, better known as petrol. In a November 11 internal memo signed by Ali Tijjani, the PPMC proposed that the November depot price of petrol be increased to N155.17 from N147.67 per litre. According to the memo, the...
Buhari names Soludo, Rewane, Salami in new economic team
President Muhammadu Buhari has named an Economic Advisory Council, EAC. The Council replaces the Economic Management Team that was chaired by the Vice President, Prof Yemi Osinbajo. The new EAC Buhari named on Monday has Prof Doyin Salami as the Chairman. Other members are Dr. Mohammed Sagagi (Vice-Chairman); Prof Ode Ojowu; Dr Shehu Yahaya; Dr Iyabo Masha; Prof Chukwuma Soludo;...
