Analysts have expressed concerns over a recent claim that the federal government resorted to printing money to augment the monthly allocation to the three tiers of government, warning that it could heighten inflationary pressure with dire consequences for the country’s exchange rate and economy. The analysts, in separate interviews with newsmen, warned that a sustained policy of printing the currency, if not well managed, would hurt the economy. The concern came on the heels of recent revelation by Governor of Edo State, Mr. Godwin Obaseki, that due to the dwindling revenue in the face of declining oil revenue arising from the growing sources of alternative sustainable energy, the federal government had to print money to augment the amount available for sharing by the federal, state and lo...
Ogun State Governor, Prince Dapo Abiodun, has assured the people of the state that the forthcoming local government election will be free and fair. He added that the next council chairmen would not be appointed, but elected by the people. Prince Abiodun who made this known in Abeokuta, the Ogun State capital while welcoming new members into the ruling All Progressives Congress (APC), urged the new members to continue to work hard towards the continued development of the party and the state. “Very soon, the time table for the election will be released, we will not appoint chairmen for you at all, the Chairmanship will not be by appointment, it will be by election, everyone should continue to work hard,” he said. Abiodun while noting that his administration would continue to adopt the bottom...
President Muhammadu Buhari has appointed Ambassador Rabiu Dagari as Director-General of the Directorate of Technical Cooperation in Africa (DTCA). The Permanent Secretary, Ministry of Foreign Affairs, Ambassador Gabriel Aduda, in a letter dated April 8, 2021, addressed to Dagari, said the appointment was for an initial period of four years with effect from March 16, 2021. Letter read: “The terms and condition of your appointment is as provided in the appointment of Chief Executives of Government Parastatals and Agencies in the Federal Public Services. “It Is hoped that your performance at the Interview/screening exercise as well as your experiences as a seasoned Diplomat/Administrator will be brought to bear in the discharge of your duties as the Director-General of the Directorate,” Aduda...
President Muhammadu Buhari has approved the renewal of the appointment of Mr. Alexander Ayoola Okoh as the Director-General, Bureau of Public Enterprises (BPE) for a second term of four years in accordance with the provision of Section 17 (1)(a) and (2)(a) of the Public Enterprise (Privatization & Commercialization) Act, 1999. Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, in a statement on Thursday, said his renewal would take effect from 10th April 2021. The BPE is the Federal Government agency charged with economic reforms especially the privatisation and commercialisation of government-owned enterprises in the country. BPE also serves as the secretariat of the National Council on Privatisation. In the last four years, BPE has witnessed a notabl...
The Director General of National Council for Arts and Culture (NCAC), Otunba Segun Runsewe, has said the promotion of Nigerian food culture was a collective responsibility as it encourages healthy living, create employment opportunities for our teeming unemployed youths and open up business opportunities at the micro and macro levels. Runsewe, who disclosed this at a press conference in Abuja, said the media parley was intended to draw attention of Nigerians to the need to patronise made-in-Nigeria food, promote the Nigerian food culture and discourage the consumption of foreign foods most of which he said were preserved with chemicals that had long time negative effects on our human body. He added that all nations of the world were devising various strategies of mitigating the effects of ...
Dr Timothy Olawale, Director-General, Nigeria Employers Consultative Association (NECA) has expressed concern of the association, at the growing unemployment rate, as released by the National Bureau of Statistics (NBS). Olawale told newsmen on Wednesday, in Lagos, that the recently released data by the NBS was worrisome. NAN also reports that a recently released Labour force report, published by the NBS shows that Nigeria’s unemployment rate as of the end of 2020, rose to 33.3 per cent from 27.1 per cent recorded as of Q2 2020. The report indicated that about 23,187,389 (23.2 million) Nigerians remained unemployed. “While the figure shows that the unemployment crisis is worsening at an alarming rate, it is also instructive to note that the socio-economic factors that increased the figure t...
Dr. Ngozi Okonjo-Iweala, Director General of World Trade Organisation (WTO), has warned of Nigeria’s continued reliance on crude oil and gas as the major source of revenue to the government. Okonjo-Iweala sounded the warning on Wednesday in Abuja at a meeting with Women Entrepreneurs in Nigeria held at the headquarters of the Nigerian Export Promotion Council (NEPC). She urged the government to transit from oil and gas based economy to other non-oil sectors. She pointed out that unless Nigeria diversifies her economy, it would be left behind by other countries. She said, “I have kept on harping that Nigeria should transit from oil and gas based economy to producing in other non-oil sector. “This is because of the climate change. Fossil fuels which are oil and gas, that Nigeria depends on, ...