Approval
Lagos registers over 400 money lenders, vaccinates 2,500 intending pilgrims
Lagos State Government has disclosed that it has registered over 400 money lenders in the last two years, just as it noted that it has also vaccinated over 2,500 intending pilgrims for the next hajj. Making this disclosure at a ministerial press briefing to commemorate the second year in office of the state Governor, Babajide Sanwo-Olu, at the Press Centre in Ikeja yesterday, the state Commissioner for Home Affairs, Prince Anofiu Elegushi, stated that the ministry is in partnership with the Money lending sector in a way that most of such organisations are mandated to register with the ministry for the coordination of their activities. According to him, “In return, the ministry has registered, profiled and monitored the viability of such companies to ensure that while the money lenders are ...
SERAP urges President Buhari to tell Nigerians spending plan for James Ibori loot, others
The Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “urgently direct Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning to disclose spending details of the $700 million looted funds reportedly recovered by the Federal Government in the past four years, including the list and location of projects completed with the money, as well as details of the contractors that executed the projects.” SERAP also urged him to “direct Mrs Ahmed to disclose how the government plans to spend the returned £4.2m Ibori loot, including details of planned capital expenditure, and whether there is any plan to ensure that the money and any future returned Ibori loot would be spent to achieve justice and effective remedies for victims of corruption in...
CISLAC raises concerns over Nigeria’s debt profile, coronavirus accountability
The Civil Society Legislative Advocacy Centre (CISLAC), has expressed concerns over $2.18 billion foreign loan request to the Nigerian Senate to fund the 2021 Appropriations Act, by President Muhammadu Buhari. It has therefore urged the National Assembly to insist on an analysis of debt repayment strategy to be in place as its key priority to approvals. In a statement by Executive Director, CISLAC and Head of Transparency International – Nigeria, Auwal Ibrahim Musa Rafsanjani, he said national public finance management regime is meant to save the nation’s economic system from collapse: rescuing jobs, supporting livelihoods and bailing out many businesses on the brink. He warned the government to avoid the catastrophe that the international finance institutions forced on Greece: destroying ...
President Buhari seeks Senate’s approval to borrow $6.18 billion
President Muhammadu Buhari has sought the approval of the Senate to borrow $6.18 billion external loan to finance this year’s N5.6 trillion budget deficit. The president’s request is contained in a letter addressed to the President of the Senate, Dr Ahmad Lawan, and read by Lawan at Tuesday’s plenary. President Buhari said the proposed loan, which is equivalent of N2.3 trillion, is to finance the 2021 budget deficit of N5.6 trillion. According to the president, sourcing the loan will enable the federal government to fund critical infrastructural projects in transportation, health and education, among other sectors. Get more stories like this on Twitter You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you b...
President Buhari lauds NDLEA’s performance, pledges to enhance operational capabilities
President Muhammadu Buhari has hailed the performance of the National Drug Law Enforcement Agency (NDLEA) especially the recent overhaul of its operations leading to the arrest of drug peddlers at the airports and other parts of the country. He has therefore pledged his administration’s readiness to further enhance the capabilities and potentials of the Agency whose Chairman, Brigadier-General Mohammed Buba Marwa (rtd) was appointed in January. The National Security Adviser (NSA), Major General Babagana Monguno (rtd), told newsmen that the President applauded the activities of the NDLEA at the Tuesday’s security meeting which he presided over. Monguno stated that he was able to brief the National Council of Security (NSC) meeting on the enablers of crime one of which is drug and the need t...
TRCN: Nigerian teachers becoming more competitive globally
Prof. Josiah Ajiboye, Registrar, Teachers Registration Council of Nigeria (TRCN), says Nigerian teachers are currently becoming more competitive globally. Ajiboye, disclosed this at the end of the opening of a one-day training workshop for Education Correspondents’ Association of Nigeria (ECAN) on Friday in Karu Local Government Area of Nasarawa State. He noted that the narrative about the proficiency of Nigerian teachers had begun to change due to innovations being introduced to keep them at par with their counterparts globally. He said that unlike before those Nigerian teachers had to undergo a certain level of training abroad before being offered appointments, but now they were being offered jobs straight up. According to him, this is because the Federal Government is focusing more atte...
CSCS reiterates commitment to deepening capital market
The Central Securities Clearing System (CSCS) has restatement its commitment in repositioning business to efficiently play a more active and leading role in deepening the Nigerian capital market growth. Also, CSCS grew its profit after tax by 41.4 per cent for the year ended December 31, 2020. The company results showed that amidst unprecedented economic and financial market conditions occasioned by the COVID-19 pandemic, the Group grew total income by 31.3 per cent year-on-year (YoY) to N12.09 billion. Profit after tax grew by 41.4 per cent to N6.93 billion, translating to N1.39 earnings per share. The group delivered 20.3 per cent return on average equity for the 2020 financial year, compared to 15.3 per cent in 2019 full year. The company’s total assets stood at N41.42 billion, as again...
Nigerian government grants approval for $2.9 billion Escravos seaport
The Federal Government has granted approval for the establishment of the Escravos Seaport Industrial Complex, ESIC, to Mercury Marine Concession Company, MMCC. The proposed $2.9 billion project is majorly designed to boost economic/national development of Nigeria particularly, Delta State.Chairman, Chief Executive of the firm, Rear-Admiral Andrew Okoji, who confirmed the approval, weekend, said the Federal Ministry of Transport has directed the firm to pay N1 billion, apparently to express its interest. He said: ‘‘It is going to be a lease for about 50 years, the investment for the port is coming from abroad. “We have gotten provisional approval from the Federal Government through the Federal Ministry of Transportation, as they have told us to lodge in $1 billion as evidence of capacity to...
Resident doctors decry Nigerian government scrapping of officers, interns salary
The Nigerian Association of Resident Doctors (NARD) has decried the scrapping of the salary of medical house officers and other health interns by the Federal Government. Dr Uyilawa Okhuaihesuyi, the President of NARD, said this while speaking with newsmen on Saturday in Abuja Okhuaihesuyi said that the NARD was making its own investigation to confirm the veracity of the news, adding that it would be addressed appropriately. Newsmen report that the Federal Government through the National Council of Establishment (NCE) stopped the salaries of medical house officers. Others categories of officers affected include dental house officers, nurse interns, pharmacist interns, medical laboratory science interns, and NYSC doctors. Dr Folashade Yemi-Esaa, the Head of the Civil Service of the Federatio...
RCCG apologises to minister over Osun road project
File Photo Minister of Works and Housing, Babatunde Raji Fashola (SAN), on Thursday, dismissed alleged payment of N151million to a firm for a road rehabilitated by the Redeemed Christian Church of God (RCCG) in Osun State. Fashola in his submission before the Senate Committee on Ethics, Privileges and Public Petitions, probing the allegation, said the claim by the church was untrue. He said the 15-kilometer road was awarded to Messrs Cartil Construction Nigeria Limited at the cost of N662.7million by the Federal Government in 2011. He said the Ministry paid N99million as 15% mobilisation fee and N52million to the contractor after the firm achieved 26.2 per cent of work done on the road in March and December 2011, respectively. He insisted that the award of the contract and the subsequent p...
Federal government okays N20.1 billion for Nigerian customs equipment
The federal government has approved a total of N20,114,002871 for the acquisition of various operational equipment for the Nigerian Customs Service (NCS). The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this to State House Correspondents after the federal executive council (FEC) meeting presided over by Vice President, Yemi Osinbajo at the presidential villa on Wednesday. The Minister said further that Council also approved the sum of N539,277,673 for the construction of the Federal Inland Revenue Service (FIRS) building at the Ilupeju Medium and Small Taxpayers’ office in Lagos. On the breakdown of contracts approved for Customs, the Minister said a total of 427 operational vehicles, worth N14.55 billion and nine assorted gunboats worth N5,564,002,871 were a...
NiMet chief appointed permanent representative to WMO
Following his appointment as the Director-General and Chief Executive Officer of the Nigerian Meteorological Agency, NiMet, Prof. Mansur Bako Matazu, has been appointed the Permanent Representative of Nigeria to the World Meteorological Organization, WMO. The appointment is in line with the provision of the General Regulations (Regulation 5a) of the World Meteorological Organization Basic Documents No. 1 (WMO – No 15) 2019 Edition which states that “Each member shall designate by written notification of the Secretary-General, a Permanent Representative who shall be the Director of the Meteorological or Hydrometeorological services to act on technical matters for the member between the sessions of congress. Subject to the approval of their respective government, Permanent Representative sho...
