Development
UN projects Nigeria’s GDP to expand by 1.5 percent
Nigeria’s gross domestic product (GDP) is projected to expand by 1.5 per cent this year, after a contraction of 3.5 per cent in 2020, a United Nations (UN) report said on Wednesday. In the latest World Economic Situation and Prospects report, the UN noted, that tighter foreign exchange (forex) liquidity, mounting inflationary pressures and subdued domestic demand clouded the medium-term outlook. Although last year, the global economy shrank by 4.3 per cent, this year’s projected recovery of 4.7 per cent will barely offset the losses of 2020, according to the report. The World Economic Situation and Prospects 2021 is a report produced by the UN Department of Economic and Social Affairs (DESA), in partnership with the UN Conference on Trade and Development (UNCTAD), and the five UN regional ...
CAN: Osun governor’s education policy review reduces tension
The Christian Association of Nigeria, (CAN) Osun State chapter has lauded Governor Gboyega Oyetola for the careful review of the education policy of the previous administration which has drastically reduced tension in public schools. The association also commended what it described as the ingenious and dynamic leadership with which Oyetola has handled critical sectors of the state. This was revealed by the second Vice Chairman, Christian Association of Nigeria, who also doubles as the minister in charge of the Sacred Cherubim and Seraphim, Oke-Atan Ile-Ife, Pastor Elijah Fagbile, while speaking with the media at the Osun Civic Engagement Office. He emphasized that Oyetola is a man of honour whose character and personal qualities have engendered tremendous development which the state curren...
DPR: Market forces should determine gas prices
File Photo The Department of Petroleum Resources (DPR) has advocated that market forces should be allowed to determine gas prices to guarantee the security of supply and demand of the commodity. Mr Sarki Auwalu, the Chief Executive Officer, DPR, disclosed this while presenting keynote address at the pre-summit conference on “Decade of gas’, in Abuja, on Monday. Auwalu said that the right and market-based pricing of gas was critical, as it would assure producers of returns on their investments. He also outlined five critical levers for gas development, especially as Nigeria moves to leverage its abundant gas resources for national growth, diversification of the economy and to use gas as the fuel for economic transformation. According to him, the levers include availability, accessibility, a...
Senator Tinubu inaugurates Kano’s anti-graft commission office
The All Progressives Congress (APC) National Leader, Bola Tinubu, has lauded Governor Abdullahi Ganduje of Kano State for strengthening anti-corruption institutions. Tinubu gave the commendation on Sunday in Kano while inaugurating the Office of Kano State Public Complaints and Anti-Corruption Commission. The APC leader praised Ganduje for “his efforts in fighting corruption”. “This is a welcome development indeed and we salute the governor for this encouraging effort. “In ensuring Nigeria becomes a member of a committed international community that frees us from the burden of corruption this and similar edifices could play an important role in that. “To a lot of us looking forward to a prosperous, corruption-free Nigeria and Africa today is dedicated to that objective,” he pointed out. In...
EFCC warn POS operators over illegal cash transaction
The Economic and Financial Crimes Commission, EFCC, recently warned operators of Mobile Money and Banks Agents otherwise known as POS operators over illegal cash transactions. The Commission’s Zonal Head in Sokoto CDS Bawa Usman Kaltungo on Thursday March 25, 2021 gave the warning at a meeting with the Sokoto Chapter of Mobile Money and Banks Agents Association, (MMBA) Sokoto State Chapter in his office. EFCC boss express concern at the high rate of mobile money fraud in the country, and called on the association to join hands in the fight against money laundering and electronic transaction fraud. But while reacting to this, the South West coordinator of Moniepoint, Israel Eniolorunda frowned at this development noting that nefarious activities of many of these POS operators in the country...
Nigerian government blames states for failure of past development plans
Federal Government has blamed the states for the shortcomings of the past development plans, saying it did not receive the needed co-operation from the sub-national governments. Speaking at the closing of 19th National Council on Development Planning (NCDP) meeting on Friday in Abuja, Minister of Finance, Mrs Zainab Ahmed, said the overall score card of previous plans were adjudged to be below expectations because of inadequate collaboration from the subnational governments. According to her, the previous plans did not make much impacts based on the assertion that the plans were more of federal government than national. “However, the overall scorecard of previous Plans were adjudged to be below expectations and these were among other factors attributed to inadequate collaboration from Sub-...
Abia: Senator Kalu scores successors very low, wants Aba declared a disaster area
Sen. Orji Kalu, the Chief Whip of the Senate, has advocated for declaration of Aba, the economic hub of Abia State, a disaster area so that the Federal Government can take extra-ordinary measures to fix the town. Kalu, who was governor of Abia state from 1999 to 2007 said this on Thursday when he hosted some clergymen in the state to a breakfast meeting in Aba, according to a statement from his office. The meeting was in furtherance of the campaign for his younger brother, Mascot, who is All Progressive Congress, APC’s candidate for Saturday’s bye-election for Aba North/Aba South Federal Constituency. Kalu scored successive administrations after his very low in terms of infrastructure development in Aba. He said, “I am disappointed that since I left office in 2007, nothing tangible has bee...
Nigerian government mulls TCN’s unbundling, partial concession to boost power supply
The federal government is considering the unbundling and partial concession of the Transmission Company of Nigeria (TCN) to boost its efficiency in the government’s bid to improve power supply. Director, Energy, Bureau of Public Enterprises (BPE), Mr. Yunana Malo, said during the March edition of “the Electricity Hub” conversation series on power that the National Council on Privatisation (NCP) had directed that a proper strategy should be mapped out for the unbundling of TCN. He stated that the government believed that all the players in the energy value chain should be able to align with the needs of the power sector seamlessly, adding that the right environment is being created for the transmission component to match generation and distribution. Malo said data was key to making decision...
Niger governor decries level of corruption in Nigeria
The Niger State Governor, Alhaji Abubakar Sani Bello, has decried the level of corruption in the country’s political and economic environment, insisting that corruption is endemic in all the facets of the nation’s life. Speaking at a two-day ‘Get involved leadership’ training in Minna Wednesday, Governor Bello said: “The problem with Nigeria today is enormous, every sector is corrupted. There is no country that can develop with the level of corruption we have. According to the governor, “When you have a system where only limited or few people are transparent, the system can never work.” He submitted that as a result of the high level of corruption in the polity, political positions either elective or those appointed have always gone to the highest bidder, a development he described as unac...
Group urges service chiefs to fish out criminal elements
Following the activities of armed bandits in the country, group has charged the new service chiefs to address the current Insecurity situation in the North East, particularly Maiduguri, which they noted,was the epicenter of insecurity in the country. By way of appeal the group urge the new security heads adopt a new strategy, hit the ground running by relocating to the theatre of the war against terrorists for at least six months in the first instance and not national tour. In a statement, Wednesday, the experts operating under the aegis of Coalition of Concerned Nigeria Security Experts noted that two months after the current security chiefs assumed office, insecurity was assuming a new dimension. In the statement by its National Coordinator, Prof. Otedola Adekunle and National Secretary,...
Senator Tinubu donates N50 million to victims of Katsina market inferno
The National Leader of the All Progressives Congress (APC), Bola Ahmed Tinubu, has donated N50 million to victims of Katsina Central Market fire incident and called for the reopening of the market to enable traders resume commercial activities. The former Lagos State governor, who announced the donation while addressing the affected traders at the ravaged market Wednesday, said he would continue to support the state government and the traders to rebuild the affected shops. Tinubu, who was accompanied to the scene by Governor Aminu Bello Masari; his Deputy, Mannir Yakubu and the Secretary to the State Government, Mustapha Inuwa, expressed shock over the fire disaster. He said the immediate reopening of the market would enable the victims to ascertain the number of properties lost and kickst...
NIWE advocates partnership to address Nigeria’s water challenges
File Photo The Nigerian Institution of Water Engineers (NIWE) has sought for effective partnership between all levels of government and relevant stakeholders to resolve Nigeria’s water challenges especially in the rural areas. Chairman of NIWE, Abuja chapter, Engr Douglas Oloton stated this in Abuja yesterday at a talent hunt organised by the chapter to commemorate the 2021 World Water Day (WWD), with the theme, “Valuing Water”. He noted that population explosion, climate change, high demand on industry and agriculture is threatening the limited water resources, saying that water makes up 60 percent of human body and its fundamental for human, social and economic development. Oloton quoted the United Nations as saying that WWD raises awareness of the 2.2 billion people living without acces...
