Vox Media Over $70 billion have been invested in telecommunications infrastructure deployment in Nigeria since the liberalisation of the industry in 2001. The Executive Vice Chairman of the Nigerian Communications Commission, NCC, Prof Umar Garba Danbatta, who made this known said the amount represented a larger chunk of local and Foreign Direct Investment (FDI) attracted into the sector within the period. Danbatta made the remarks on Thursday while delivering the Bullion Lecture 2021 Edition organised by the Centre for Financial Journalism (CFJ), Lagos. According to him, the investment in infrastructures has boosted the economy and provided more opportunities for more Nigerians have access to telecoms services. “Today, the number of active telephone lines being used by Nigerians has signi...
The Minister of Aviation, Sen. Hadi Sirika, has said the continued closure of the Mallam Aminu Kano International Airport is affecting the revenue of government. International flights into the airport were suspended in the wake of COVID-19 lockdown. When he received a high-powered delegation from Kano State, led by Governor Abdullahi Umar Ganduje, in his office in Abuja on Tuesday, Sirika lamented the effect of the suspension. He said it does not make economic sense for government to spend so much money, as it has done on the airport, and abandon it in the end. He highlighted the attendant degeneration of infrastructure, redundancy amongst operational staff, revenue loss, hardship on travellers, amongst others. The Minister promised that necessary steps were being taken for the resumption ...
Everton manager Carlo Ancelotti admitted his side had been second best all night during their defeat at Chelsea stating the Meyserside club are not at the same level with the Blues. An own goal by Ben Godfrey and a second half penalty from Jorginho consigned Everton to a 2-0 defeat at Stamford Bridge, leaving them four points adrift of Chelsea in fourth but with a match in hand still. Chelsea dominated the fixture and could have won by a bigger margin, with Kai Havertz also having a goal ruled out in the second half for handball. And Ancelotti claimed that his side have plenty of work to do before now and the end of the season if they want to somehow battle it out right to the very end with the likes of Chelsea for a Champions League spot. “They played better than us,’ Ancelotti told BT Sp...
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Petroleum Industry Bill (PIB) currently before the National Assembly will resolve the issues under the Production Sharing Contracts (PSC) on gas. Sylva made this known at a National Assembly Public Hearing organised by the Joint Committee on Gas Resources, Petroleum Resources, Upstream and Downstream, on Monday, in Abuja. The hearing was on the topic: “Inclusion of Gas Terms in Production Sharing Contracts by the Nigerian National Petroleum Corporation (NNPC).” He said that issues on gas terms was not captured under the PSC especially with the commercial aspect. “Issues on gas terms was not captured in the PSC because at the time, the offshore was just a frontier territory, today, it is no longer frontier, it is a...
Pool Photo The Lagos State Chapter of the Road Transport Employers Association of Nigeria (RTEAN) on Monday said the stay-off-road action by commercial buses on the Lagos-Badagry Road was unnecessary. The Secretary of the chapter, Abdulrahman Amusan, told newsmen that the N800 ticket imposed on commercial buses in the state was for tax purposes. Newsmen report that the commercial bus drivers had on March 1, embarked on what they called “Cease Commuter Operation” on the Lagos-Badagry Expressway – from Badagry to Mile 2 – following what they termed an unbearable increment in ticketing and brutality by RTEAN. The drivers were still off the expressway while passengers remained stranded at various bus stops. It is still not certain when they will return to the roads. They claim that both the RT...
Rivers State Governor Nyesom Wike has said the construction of eight flyover bridges in Port Harcourt alongside other critical infrastructure is in a mark of appreciation to the people of Rivers whom he commended for, in his words, having resisted ‘the Army and other security agencies [when they] tried to rig [the 2019] election’ in the state. Governor Wike stated this at the flag-off of the 802 metres long Orochiri-Wurukwo flyover bridge, made up of a deck span of 315m, north and south side ramps of 238 metres and 249 metres respectively, in Port Harcourt yesterday. ‘Why we are doing this is because you too played a role in bringing us to government. We also have to pay you back,’ the governor stated. ‘Remember during the last election how the Army and other security agencies tried to rig...
On Wednesday, the Nigeria Football Federation (NFF) took to the official Twitter account of the Super Eagles to officially confirm the dates and kickoff times for the final stage of the senior men’s national football team’s 2021 Africa Cup of Nations (AFCON) qualifiers. For Matchday five, the Super Eagles will meet the Squirrels of Benin Republic on Saturday, March 27, in Porto-Novo, the capital of Republic of Benin, for a 1600 hours (GMT) kickoff. The next fixture against the Crocodiles of Lesotho, which will be the last of the series, will take place on Tuesday, March 30, in Lagos at 1600 hours (GMT) as well. At this point of the qualifiers, Nigeria has eight points from their first four Group L games and a draw from either of these matches will earn the Super Eagles the point they need ...