income
NANS flays ‘commercialisation’ of tertiary institutions
The National Association of Nigerian Students (NANS), has decried an alleged clandestine move to commercialise public tertiary institutions stressing that it might deprive many the access to quality education. The NANS National President, Com Sunday Asefon, said this on Thursday at the Lagos State University (LASU), while speaking on the decadence of the Nigerian educational system. Asefon in a statement entitled : ‘Need to Perceive Education As a Social Service’ , and made available to newsmen in Ado Ekiti, on Friday, said any developing nation that views education from the prism of commercialisation would fail in giving the youth the right attitude to life. The students leader described education as a veritable weapon to rid the society of ignorance, criminality, and building of future l...
EFCC chairman: I will resign If asked to do anything contrary to my conscience
The Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, has said that he will resign if he’s asked to compromise. This is as he vowed to ensure that corruption in Nigeria is gotten rid of, saying the “rule of law and fear of God shall be his guiding principles.” The EFCC boss said this on Friday, March 26, 2021, when he featured in a Nigerian Television Authority interview programme One-on-One. His words were disclosed in a statement titled ‘We’ll rid Nigeria of corruption – Bawa Vows,’ which was issued on the official Twitter handle of the EFCC. “We need to change our attitudes in Nigeria,” Bawa was quoted to have said. “We are in the habit of worshipping people that have money in the society, but never bother to ask questions about their source of income. In winn...
Femi Falana: EFCC can mandate bank MDs, executives to declare assets
The Economic and Financial Crimes Commission (EFCC) is charged with the responsibility of enforcing the provisions of all laws relating to economic and financial crimes, Africa’s leading human rights lawyer, Mr. Femi Falana (SAN) has said. Consequently, according to the senior advocate, the anti-graft commission is empowered to cause investigations to be conducted into the properties of any person as stipulated under Section 7 (1) (b) of the EFCC Act, 2004. Also yesterday, Transparency International (TI) argued that if the provisions of the Bank Employees, etc. (Declaration of Assets) Act, 1986 were effectively enforced, Nigeria could save between $15 billion and $18 billion illicit financial flows (IFFs) annually. Falana clarified the roles of the EFCC in a response to inquiries on whethe...
Nigerian government distributes N20,000 each to 2,900 women in Benue
The Federal Government has disbursed N20,000 each to 2,900 women in Benue to improve their living standards. Mrs Sadiya Farouq, Minister of Humanitarian Affairs, Disaster Management and Social Development, said this on Saturday in Makurdi during the inauguration of the grant for rural women project. Farouq, represented by the Permanent Secretary, Alhaji Bashir Alkali, said that a cash of N20,000 would also be disbursed to about 125,000 poor women across the 36 states of the federation including the Federal Capital Territory. “Our target in Benue is to disburse the grant to about 2,900 beneficiaries across all local government councils. “The grant is expected to increase income and productive assets of target beneficiaries. “It is our hope that the beneficiaries of this programme will make ...
Nigerian government’s special cash grant for rural women launched in Yobe
Federal government has on Friday Flag-off Special Cash Grant for Rural Women in Damaturu, Yobe State capital. Launching the programme, the Minister of Disaster Management and Social Development, Sadiya Umar Farouq said that “we gather to provide support to citizens of our beloved country. I am delighted to have you all converge on this venue for purpose of flagging off the Federal Government’s cash grant for rural women, which is a significant social protection programme of President Muhammadu Buhari’s government, aimed at uplifting the most vulnerable groups out of poverty”. According to her, since the inception of President Muhammadu Buhari’s Administration in 2015, Government has paid more attention to protecting and promoting the plight of the poor and vulnerable in the country. This s...
2,700 Akwa Ibom women benefit from federal government’s special grant
The minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, has advised Nigerian women not to regard the N20, 000 special grant given to the rural woman by the federal government as the fabled national cake. She has rather charged the beneficiaries to judiciously use the grant to improve their living standard by utilizing it as seed capital do boost their trades and businesses for greater income. Speaking through Bashir Nura Alkali, the permanent secretary of the ministry, at the flag off of the Grant for Rural Women Project and the symbolic disbursement of the grant to 2700 women of Akwa Ibom state, in Uyo, on Thursday, Farouq explained that the Grant for Rural Women Programme was introduced in 2020 to sustain the social inclusion agenda of Presid...
#EndSARS: Oba Akiolu accuses youths of stealing $2 million, N17 million from his palace during protests
Nigerian Ports Authority Oba of Lagos, Rilwan Akiolu has said that youths that invaded his palace during #EndSARS protests in October 2020 stole $2m and N17m from his palace. The monarch said the youths wouldn’t have committed the offence if they knew the implication of what they did. Akiolu said this during the commissioning of the Glover Hall Memorial in Lagos on Wednesday, March 3, 2021. It would be recalled that Akiolu’s palace at Iga Idunganran on Lagos Island was attacked by youths a day after soldiers shot at #EndSARS protesters at Lekki tollgate on Tuesday, October 20, 2020. The youths vandalised vehicles and carted away several artefacts including the monarch’s staff of office. Describing the destruction that followed the shooting of protesters as enormous, Akiolu said he had appe...
Barcelona, Atletico Madrid ordered to further tighten belts by La Liga
FC Barcelona and Atletico Madrid will have to cut down the costs of their squads by more than 35 million euros ($42.14 million) following new salary limits imposed by La Liga on Tuesday to cope with the financial impact of the Covid-19 pandemic. The figures, published twice annually following each transfer window, dictate how much teams can spend on players, coaches, support staff and their youth teams. They are calculated in line with revenues, which have been obliterated by coronavirus restrictions preventing fans from attending matches for 12 months while depressing the transfer market and reducing income from merchandising. Barcelona are the club most acutely affected by the new limits and will be forced to reduce their costs by an additional 35.7 million euros, to 347 million. League ...
Okomu Oil Palm wants central bank to review anchor borrowers programme
Okomu Oil Palm Company Plc. wants a review of CBN’s Anchor Borrowers Programme (ABP) to accommodate more farmers and to shore up the nation’s foreign earnings from agriculture. The ABP is targeted at smallholder farmers engaged in the production of rice, maize, wheat and cash crops like oil palm, cocoa and rubber, among others. Speaking with newsmen on Monday in Benin, Okomu Oil’s Managing Director, Dr Graham Hefer, noted that cash crop farmers were yet to fully benefit from the programme. He said food crop farmers had an edge because they could cultivate, harvest, sell and repay their loans within the specified one year period. “It is easy for farmers engaged in annual crops to meet their targets. “This doesn’t happen with cash crops because in the first three years of oil palm production...
Ekiti moves to reposition MSMEs for economic growth
Ekiti State Government has expressed its determination to enhance the growth of Micro, Small and Medium Enterprises (MSMEs) to boost economic prosperity of the state. The government had before now reconstituted a 22-member Council to address the myriad of challenges confronting MSMEs in Ekiti , with intention to upscale industrial growth and development . The Commissioner for Investment, Trade and Industry, Mr Muyiwa Olumilua, stated this during a one-day sensitisation workshop with the theme: “Making Economy A Private Driven Economy” held in Ado Ekiti. He said the state government will partner federal government and corporate agencies to facilitate opportunities for business owners in the state. Olumilua at the event, which brought together medium and small scale business owners from acro...
Lagos partners IITA to train 13,548 youths in agribusiness
Lagos State government says it is collaborating with the International Institute of Tropical Agriculture (IITA) and the Africa Projects Development Centre (APDC) to train 13,548 youths in the state in the various agricultural value chains in a five-stage model within the next five years. The State Commissioner for Agriculture, Ms. Abisola Olusanya, disclosed this recently at the opening of the Young Africa Works Agribusiness Internship Orientation Training held at the Lagos State Agricultural Development Authority, Oko-Oba, Agege. She noted that participants of the training programme would be trained to build skills and secure fulfilling work opportunities within the agriculture value chains. Olusanya noted that the Young Africa Works Project of the IITA was a strategic approach to agribus...
Nigerian government distributes N20,000 each to 8,000 women in Lagos
Mrs Rhoda Iliya, the Deputy Director of Information, Minister of Humanitarian Affairs, Disaster Management and Social Development, said this in a statement on Friday in Abuja. Iliya explained that Hajiya Sadiya Umar-Farouq, Minister of Humanitarian Affairs, Disaster Management and Social Development, at the ceremony on Friday in Lagos reiterated the Federal Government’s commitment to alleviate poverty in the country. Farouq, who was represented by the Permanent Secretary in the Ministry, Alhaji Bashir Alkali, said that Federal Government’s target in Lagos was over 8000 beneficiaries across all the local government councils of the state. “The grant is expected to increase income and productive assets of target beneficiaries. “It is our hope that the beneficiaries of this programme will make...
