Investment
Lagos governor: We are ready to domesticate AfCFTA agreement
Lagos State Governor, Mr Babajide Sanwo-Olu, says the state is ready to domesticate the African Continental Free Trade Area (AfCFTA) agreement. Sanwo-Olu said this on Tuesday when he received the Minister for Industry, Trade and Investment, Mr Niyi Adebayo, on a courtesy visit at the Lagos House, Ikeja. The minister led members of the National Action Committee on nationwide sensitisation on African Continental Free Trade Area (AfCFTA), which the nation entered into to deepen economic integration among African countries. He said that Lagos had observed the processes leading to the adoption of the continental trade agreement and positioned itself for market expansion across areas of collaboration. The governor said the state was ready to take advantage of the AfCFTA for growth, as a local ac...
Senate considers bill to unbundle NIPOST
The Senate has commenced moves to unbundle the Nigerian Postal Service with the consideration of a bill to repeal and re-enact the Nigerian Postal Service Act 2004. The bill which scaled second reading on Tuesday was sponsored by Senator Oluremi Tinubu (APC, Lagos Central). Leading the debate on the general principles of the bill, Tinubu said the piece of legislation seeks a reform of the Postal Industry and to make Comprehensive Provisions for the Development and Regulation of Postal Services in Nigeria. According to the lawmaker, the Nigerian Postal Service (NIPOST) which dates as far back as 1852, evolved from an exigency of the colonial administration to a Collection Office of the United Kingdom and eventually, to the NIPOST. She recalled that as at 1st of October, 1960, when Nigeria g...
Niger Delta agitators urges South South governors to work with Senator Akpabio to develop region
A coalition of Niger Delta agitators, weekend, called on governors of South South to work with Minister of Niger Delta Affairs, Senator Godswill Akpabio, to develop Niger Delta region and its people. The group meanwhile, called out governors of Niger Delta states, saying recent revelation by Niger Delta Development Commission, NDDC, that they (governors) collected N100 million each as Covid-19 palliative has exposed their hypocrisy. Chairman, Senate Committee on Ethics, Privileges and Public Petitions, Senator Patrick Ayo Akinyelure, last week, told reporters in Abuja that NDDC officials told the committee that each of the nine governors of the Niger Delta states got N100 million as Covid-19 palliatives. Coordinator of the 21st Century Youths of Niger Delta and Agitators with Conscience, 2...
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...
Expert: Ten cancer facilities inadequate for 200 million Nigerians
A Radiation and Clinical Oncologist, Dr. Tessy Ahmadu, has decried inadequate facilities for cancer treatment in the country. Ahmadu, who is also the Head of the Oncology Department, Federal Medical Centre (FMC), Abuja, said this in an interview with newsmen on Friday in Abuja. She said rather than blaming the spate of cancer on inadequate expertise in the country, inadequate facilities should be held responsible. According to her, the country has trained oncologists and specialists handling cancer cases. “We have a population of over 200 million but we have less than 10 functional radiotherapy machines in the country,” the medical doctor said. Although Ahmadu said that there were enough experts in the country, she noted that they could still be more than the present number. She said that ...
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...
NCC boss: Over $70 billion spent on telecoms infrastructure in Nigeria
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...
Senator Okorocha meets VP Osinbajo over feud with Governor Uzodinma
Rochas Foundation The former Governor of Imo State and Senator representing Imo West Senatorial District, Owelle Rochas Okorocha, Wednesday took the feud between him and Governor Hope Uzodinma to the Presidency. Senator Okorocha after meeting behind closed doors with Vice President Yemi Osinbajo told State House correspondents that he would not want an escalation of the conflict arising from the government’s sealing of some of his property in Owerri, the Imo State capital, insisting that he wants peace to reign in the state. The proponent of ‘Iberiberism’ doctrine also said that becoming governor was a sacrifice for him. According to him, “The whole thing to me sounds like a movie, a joke, a dream that does not reflect any practical reality, but I am a father, I’m a leader of that state an...
Minister: PIB will address production sharing contracts issues on gas
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...
NIOB, PSN, 28 others seek more roles for Nigerian professionals
Pool Photo Nigerian Institute of Building (NIOB), Pharmaceutical Society of Nigeria (PSN) as well as 28 other bodies under the umbrella of the Association of Professional Bodies of Nigeria (APBN) have called for more patronage of indigenous professionals. Speaking during the Board Meeting of the Association, president of APBN, Surveyor Akin Oyegbola said it has been proven that Nigerian professionals can hold their own anywhere in the world. The NIOB which is the professional body for Builders in Nigeria as part of its roles act as body which the Government or other official or unofficial authorities or organisations in Nigeria can seek advice, assistance or the expression of views on any subjects of concern or interest, to the Building profession in Nigeria. Oyegbola also said the APBN wi...
Chukwuma Soludo: I received 19 threats during banking consolidation era
YouTube The former governor of the Central Bank of Nigeria, CBN, Professor Charles Chukwuma Soludo, at the weekend in Awka, narrated how he received 19 written threats on his life following his decision to embark on banking consolidation in Nigeria in 2004 when he became the boss of the nation’s apex bank. In an interview, Soludo also recalled attempts made to kidnap his children at Offa, Kwara State where they were at the time because many people felt threatened by the policy. He said: “I am a very impatient person to see change happen and I am passionate in anything I focus on. When I was the chief economic adviser to President Olusegun Obasanjo, and the tenure of the former CBN governor ended and I came in. within one month, I announced a 13 – point agenda for banking consolidation. “At...
Nigerian telecoms’ workers issue 14-day ultimatum to Huawei
The Private Telecommunications and Communications Senior Staff Association of Nigeria (PTECSSAN) has issued a 14-day ultimatum to Huawei Technologies Nigeria Limited to halt what it described as disregard and denial of workers’ fundamental rights to freedom of association as enshrined in Section 40 of the Nigerian Constitution. Speaking to journalists in Lagos, yesterday, the General Secretary of PTECSSAN, Okonu Abdullahi, said all efforts in the past to address all the labour-related issues confronting the workers in the company have been rebuffed by its management. According to him, “All our efforts in the past to address all the labour-related issues confronting the workers in the company have been rebuffed by its management. Ultimate of which is gross disregard and denial of workers th...
