Enablers
Sustaining economic empowerment through financial inclusion, energy access
Financial inclusion and provision of sustainable energy is at a turning point in Africa’s largest economy, Nigeria. With a population of over 200 million, about 50 per cent of the total population live in rural areas, and only 39 per cent of those living in rural communities have access to electricity. This is in addition to over 40 per cent of the entire population who are financially excluded or underserved. However, the proliferation of digital financial services in Nigeria – powered largely by growth in fin-tech companies – has catalysed an unparalleled increase in the current number of people with access to formal financial services, while further opening up opportunities to address power supply challenges across rural communities; a major feat instrumental towards achieving the broad...
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...
Ogun governor presents N339 billion 2021 budget proposal
Gov. Dapo Abiodun of Ogun, on Wednesday, presented a budget proposal of N339 billion for the 2021 fiscal year to the state House of Assembly, with N177 billion earmarked for capital expenditure. Newsmen report that the budget, christened “Budget of Recovery and Sustainability,” also has N162 billion proposed for recurrent expenditure. The governor said that an estimated N119 billion was projected as internally-generated revenue for the state, with statutory allocation expected to be N59 billion. He stated that capital receipt, which included internal and external loans as well as grants and aids, stood at N142 billion. The governor stated that personnel cost remained the largest single item of expenditure, adding as at Oct. 31, it accounted for 35.5 percent of the total government spending...
