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NSITF raises N180 billion from employers’ enrollment in 10 years

The Managing Director of the Nigeria Social Insurance Trust Fund (NSITF), Dr. Michael Akabogu, has revealed that the agency has raised N180 billion from employers’ enrollment from July 2011-May 30, 2021. He also said that plans were afoot to plug revenue leakages, even as he warned the public to be wary of fraudsters masquerading as agents of NSITF. At an interactive session with Finance Journalists in Abuja on Thursday, Akabogu also stated that the scheme has registered almost 200,000 employers. Out of this number, 170,000 employers are actively involved in the scheme by making their contributions steadfastly. He added: “We have collected both from the private sector who have contributed about 80% of the total revenue and we have collected from the government and all other agencies, so we...

Somali execute 18 al-Shabab militants

Hamza Mohamed/Al Jazeera Eighteen al-Shabab militants were executed on Sunday in Galkayo town of Mudug, the Puntland State of Somalia, after being sentenced to death earlier by the court. The Chairperson of Puntland state court, Mohamud Abdi Mohamed, said that the court proceedings followed through different stages before the execution. “Puntland State Court of Armed Forces executed 18 al-Shabab militants this morning. “The convicts were all behind the killings of many of our important people here. “The court took the right action against them,’’ Mohamed said. Al-Shabab militants termed the execution as a massacre of innocent civilians by the Puntland state. The militant group has carried out a series of assassinations and bombings in Galkayo and other parts of the Mudug region. Puntland o...

ASUP: Why we suspended strike after 65 days

The Academic Staff Union of Polytechnics (ASUP) has suspended its 65 days industrial strike with effect from Thursday, following an agreement reached between the union and the federal government. A statement by Mr Abdullahi Yalwa, National Publicity Secretary of ASUP and made available to newsmen in Bauchi, announced on Wednesday. According to the statement, “the suspension of the strike action was for a period of three months, to enable the government complete the implementation of the issues contained in the Memorandum of Action signed with the Union. “Following an appraisal of the report indicating the gradual implementation of the items contained in the Memorandum of Action signed between our Union and the Federal Government, the Union has resolved to suspend its 65 days old industrial...

Nigerian government mulls deployment of GPS to monitor constituency projects, expenditure

The Federal Government, yesterday, considered the deployment of Global Positioning System (GPS) across the six geopolitical zones, in a bid to monitor constituency projects and expenditure. It also considered a bottom-up approach in the siting and location of zonal/constituency projects to enhance and ensure ownership by the constituents. This was contained in a communiqué issued at a 2-day stakeholders’ interactive forum organized by the Ministry of Special Duties and Intergovernmental Affairs, yesterday in Abuja. The communiqué which was signed by Simon Tyungu, a Special Adviser to the Minister of Special Duties and Intergovernmental Affairs, George Akume, added that ICT platforms should be created for monitoring and evaluation of projects to reduce physical exercise. According to him, “...

Presidency: Nigeria adopting best practices on debt management

The Senior Special Assistant to President Muhammadu Buhari on Niger Delta Affairs, Senator Ita Enang, has said that Nigeria is adopting the best practices of sustainable loan debt management as the repayment plan of the debt is tied to the projects for which the loan is taken. Senator Ita Enang disclosed this while presenting the keynote address at the Chartered Institute of Taxation of Nigeria 2021 Fellow Conferment Ceremony recently in Lagos. Speaking of the topic “Nigeria Adopting Best Practices in External Borrowing and Debt Sustainability” the Presidential Aide noted that “all the terms and conditions of the loan are laid before the National Assembly and approved in details before execution. According to him,” this is to avoid the terms being approved by the National Assembly after th...

House mourns army chief, others

Members of the House of Representatives have expressed sadness over the death of Chief of Army Staff, Lt. Gen. Ibrahim Attahiru and his entourage in an air crash in Kaduna. Attahiru, along with six senior officers and four crew members were onboard Nigerian Air Force Kingair 350 from Abuja to Kaduna, ahead of today’s passing out parade of soldiers from the Nigerian Army Depot in Zaria, when the crash happened amid torrential rainfall, on Friday evening. The Speaker of the House, Hon. Femi Gbajabiamila, in a statement issued on Saturday described as shocking and sad the death Attahiru and others involved in the plane crash. Gbajabiamila said the death of the Army Chief was unfortunate coming at a time that the Nigerian military was finding solutions to the security challenges in the country...

Malawi outlaws death penalty

Malawi’s highest court on Wednesday outlawed the death penalty and ordered the re-sentencing of all convicts facing execution. Capital punishment has long been mandatory in Malawi for prisoners convicted of murder or treason, and optional for rape. Violent robberies, house break-ins and burglaries could also be punishable by death or life imprisonment. Executions have however not been carried out since Malawi’s first democratically elected president, Bakili Muluzi, opposed the punishment when he took office in 1994. In a landmark ruling on Wednesday, Supreme Court judges hearing an appeal by a murder convict declared the death penalty “unconstitutional”, de facto abolishing the punishment. “The death penalty… is tainted by the unconstitutionality discussed,” the judgement said. Malawi last...

Minister tasks NSDC boss on ensuring self-sufficiency in sugar production

Otunba Adeniyi Adebayo, Minister of Industry, Trade and Investment, has tasked the newly appointed Executive Secretary of the National sugar Development Council (NSDC), Zach Adedeji to work towards the realisation of the Federal Government’s goal in ensuring self-sufficiency in sugar production. Speaking at the inauguration of Adedeji as the Chief Executive Officer of the NSDC at the weekend in Abuja, Adebayo said the Federal Government relied on him to work assiduously towards the realisation of the country’s self sufficiency in the sugar production. He noted that the appointment of Adedeji was based on his performance in his former positions, adding that the nation expected him to leave landmark achievements by the time he would be leaving office. “You are therefore expected to discharge...

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...

NIRSAL partners NASENI to create 110,000 jobs in agric sector

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) has entered into partnership with the National Agency for Science and Engineering Infrastructure (NASENI) with a view to creating over 110,000 jobs in the nation’s agricultural value chain. NIRSAL said in a statement in Abuja Friday that the move is in “continuation of its mandate of providing end-to-end solutions aimed at fixing breakages along the Agricultural Value Chains (AVC) in Nigeria”. According to the statement, NIRSAL has engaged NASENI as its technical collaborative partner for the conceptualization, design, development, deployment, implementation and execution of various schemes/projects under the NIRSAL-NASENI Comprehensive Tractor Recovery Scheme, the NIRSAL Climate-Smart Modular Geo-Coopera...

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