Economy
Nigerian senate investigates syringe manufacture, importation
The Senate has directed its committees on Health, Trade and Investment and Customs to investigate the manufacture, importation and policy guidelines for syringe and needles in the country. Consequently, the committee is to invite the Federal Ministry of Health, Trade and Investment, Nigeria Customs Service (NCS) and manufacturers of syringe and needles as the committee carries out the investigation. These resolutions were sequel to a motion sponsored by Sen. Ibrahim Oloriegbe (APC-Kwara) and cosponsored by Sen. Sadiq Suleiman (APC-Kwara) during plenary on Thursday. The upper chamber also directed the ministry of health to provide explanation on the policy for the procurement and utilisation of syringe and needles by federally-owned, state and private hospitals and agencies of the ministry....
Sudan announces new cabinet with ex-rebels as ministers
Sudan’s Prime Minister Abdalla Hamdok announced Monday a new cabinet bringing in seven ex-rebel chiefs as ministers, following a peace deal in October aimed to end decades of war. Veteran rebel leader and economist Gibril Ibrahim, of the Justice and Equality Movement (JEM) – which played a major role in the Darfur conflict – was appointed as Sudan’s new finance minister. “We have reached consensus on over 25 ministries,” Hamdok said, during a press conference in Khartoum. “This line up aims to preserve this country from collapse… we know there will be challenges but we are certain that we will move forward.” Hamdok dissolved the previous cabinet on Sunday to make way for a more inclusive line up in government. Two ministers were selected from the military, with the remaining coming from th...
Archbishop Sam Zuga: CBN lacks power to stop cryptocurrency
Archbishop Sam Zuga has reacted to the Central Bank of Nigeria’s (CBN) new order on Cryptocurrency. The Apex bank had directed Deposit Money Banks (DMBs) and other financial institutions to close accounts of persons who are using their systems for cryptocurrency trading. Reacting to the shocking news, Archbishop Sam Zuga, the CEO of one of Africa’s fastest growing currency, Zugacoin expressed his disappointments at the CBN’s decision, while allaying the fears of Zugacoin investors and intending buyers. According to the Cleric’s message obtained from his social media page, “Cryptocurrency doesn’t need bank account to operate or exist.” He wrote, ”RICH PEOPLE WANT THE POOR TO REMAIN POOR. NOT AGAIN! This is is not news. It has been like this since the beginning of Cryptocurrency. But right n...
NESG: Nigerian economy to beat IMF growth forecast in 2021
The Nigerian Economic Summit Group has predicted a growth rate of 2.9 per cent for the Nigerian economy in 2021, higher than the 1.5 per cent growth rate suggested by the International Monetary Fund. The NESG identified eight key policies and events that will help shape the outlook of Nigerian economy in 2021. This is contained in the group’s 2021 Macroeconomic Outlook Report titled, “Four Priorities for the Nigerian Economy in 2021 and Beyond,” launched virtually on Tuesday. According to the report, for Nigeria’s economy to get back on track, the economy needs a high, robust and sustained economic growth that will deliver a significant reduction in unemployment and poverty. The report said the government’s most important agenda in 2021 must be to address these problems as a foundation for...
Group hails Enugu governor on rural roads
A social group, Ishi-Obere Brothers Club, IBC, in Amufie autonomous community, Igbo-Eze North Local Government Area of Enugu state has applauded Governor Ifeanyi Ugwuanyi’s effort at ensuring rural access roads in every community in the state. This commendation was made in a statement signed and issued to pressmen in Enugu by the chairman of the group, Pharm. Ernest Odo and financial secretary, Mr Chinedu Adonu respectively. Odo while expressing satisfaction with the construction of Amufie-Ugbaike-Inyi rural road which links the aforementioned communities to Abuja through Obollo Afor-Makurdi expressway said it was a shortcut for those travelling to Abuja. He expressed the view that the road would boost economy of the state, adding that rural roads development is a sure way of attaining rap...
Bishop Kaigama: It’s time to give youths chance in governance
The Archbishop of the Catholic Archdiocese of Abuja, His Grace Ignatius Kaigama, has said time has come for youths to take active part in governance. Kaigama, who insisted that “it is the right time now to give our youths a chance to express their leadership skills”, tasked authorities to expand the political space to allow more youths involved in decision making. Kaigama particularly advised Nigerian youths to seize the opportunity to bring to an end, decades of recycling political leaders by taking up leadership positions in the country. Speaking Saturday, during the 9th convocation lecture of Veritas University, Abuja,where he is the Chancellor, Kaigama said:”Recent events in our country show that there is the urgent need to expand the political space and allow our youths to be more inv...
Gani Adams: Food crisis looms in Southwest due to herders attacks
File Photo The Aare Ona Kakanfo of Yorubaland, Aare Gani Adams, says food crisis is imminent in the South-West region of Nigeria due to the onslaught on farmers by Fulani herdsmen. According to him, farmers in attack-prone areas have stopped going to their farms for fear of being assailed by suspected herders. “They have discouraged Yoruba people from farming now and if care is not taken within one year, there will be famine in Yorubaland,” Adams said on Wednesday while featuring on a Channels TV programme. The chieftain described the situation in the South-West as “a serious invasion”, adding that drastic measures must be taken quickly to stop the ugly trend. “We have been seriously infiltrated by Fulani herdsmen. Most of the reserved forests have been taken over by the Fulani herdsmen an...
Lagos chamber projects positive economic recovery by Q2
The Lagos Chamber of Commerce and Industry (LCCI) has projected a return to positive growth path for the Nigerian economy in the second quarter of 2021. Mrs Toki Mabogunje, President, LCCI, addressing journalists at the first edition of the chamber’s quarterly news conference, said the projection was subject to the absence of major economic shocks. Mabogunje, however, said that the projected recovery was expected to be subdued within the region of one per cent. “Projections by the World Bank and the International Monetary Fund put Nigeria’s annual average growth for year 2021 at 1.1 per cent and 1.5 per cent, respectively. “Expectation of slow growth momentum reflects the lingering effects of the pandemic on the Nigerian economy and prospects of stricter containment measures considering th...
Dangote completes Nigeria’s longest concrete road
Makamba Online The Dangote Group has completed Nigeria’s longest rigid pavement located in Kogi State. It is the first of its kind, top engineers say. The 43KM Obajana-Kabba road constructed by Dangote Industries Limited (DIL), has been described by motorists as the country’s most strategic highway that is aiding travellers between the North and the South. Olatunbosun Kalejaiye, the Project Director, said he was excited that the Corporate Social Responsibility Project is being delivered for use by Nigerians, adding that while the rigid pavement has been completed, the company was dressing the shoulders. Site Engineer Samuel Obosi assured that the dual carriage way will be durable and less susceptible to potholes and repairs like asphalt road, adding that it would crash the rate of road acc...
Coronavirus takes toll on federal roads’ construction in Lagos
The ravaging effect of Coronavirus (COVID-19) was, perhaps, the biggest challenge faced by stakeholders in the road sub sector of the construction industry in 2020. As the virus gained ground, several contractors soon abandoned work and shut their operations, consequently, many hitherto gainfully employed Nigerians were thrown into the labour market. Even when the government later introduced partial lockdown measures, the number of workers on site was scaled down by many contractors in line with COVID-19 protocols, which slowed down progress of work. Virtually all road projects in Lagos State suffered the effect of the pandemic, with every project having its own peculiar challenge. The reconstruction of 46km Agbara-Seme section of the Lagos-Badagry Expressway project awarded to CGC Nigeria...
China possibly committed ‘genocide’ against Xinjiang Muslims
The Congressional-Executive Commission on China (CECC) said on Thursday that new evidence had emerged in the past year that “crimes against humanity – and possibly genocide – are occurring”. The CECC also accused China of harassing Uighurs in the US. China has been widely condemned for setting up complexes in Xinjiang that it describes as “vocational training centres” to stamp out “extremism” and give people new skills, but others have called them concentration camps. The United Nations says at least one million Uighurs and other Muslims have been detained in Xinjiang. Faith leaders, activist groups and others have said crimes against humanity, including genocide, are taking place there. Beijing denies abuse accusations. The CECC report called for a formal US “determination on whether atro...
Benue governor: Quit notice to Bishop Kukah a recipe for disintegration
Benue State Governor Samuel Ortom has warned that the quit notice by a muslim group demanding the Catholic Bishop of Sokoto Diocese, Bishop Mathew Kukah to tender an unreserved apology over his Christmas Day message or leave Sokoto State, is capable of causing the disintegration of the country. The Governor however enjoined all Nigerians, irrespective of religious and political inclinations, to uphold unity, peace and dialogue as panacea for the myriad of problems confronting the country. Reacting to the statement, the Governor who spoke through his Chief Press Secretary Terver Akase said the group’s statement was a contradiction of provisions of the Constitution which gives Nigerians the right to live freely in any part of the country. Ortom added that the statement of the group directing...
