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Abia governor promises delivery of more road projects

Gov. Okezie Ikpeazu of Abia on Tuesday expressed the readiness of his administration to facilitate the delivery of more road projects in Aba and the state. Ikpeazu said this while inspecting the ongoing reconstruction of Port Harcourt Road, as part of the resumption of a statewide-project-inspection programme, tagged “Kinetic Abia Project Tour” in Aba. He said that the government would deliver high quality roads as part of its efforts to rebuild Aba and improve the wellbeing of its residents. He appealed to the residents to support the government to achieve its goal of transforming Aba by assisting the contractors handling the projects and protecting the infrastructure. The governor said that he would remain irrevocably committed to changing the narratives of Aba in the area of infrastruct...

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 meets labour over fuel price, electric tariff hike

The Federal Government on Monday resumed its meeting with the organised Labour over the issues of increases in the pump price of petrol and electricity tariff hike. The meeting had been adjourned in December last year, with hopes that it will be reconvened earlier in 2021. Dr Chris Ngige, the Minister of Labour and Boss Mustapha, the Secretary to the Government of the Federation (SGF), are the two ministers representing the federal government at this meeting. At the opening of the meeting, Dr Ngige said the government’s side of the bargain has received reports from the committee set up to look into some of the demands of the labour movements. Similarly, Boss Mustapha also noted that the committees set up last year will be presenting their findings during the meeting. The SGF also assured t...

WhatsApp delays data sharing change after backlash

WhatsApp on Friday postponed a data-sharing change as users concerned about privacy fled the Facebook-owned messaging service and flocked to rivals Telegram and Signal. The smartphone app, a huge hit across the world, cancelled its February 8 deadline for accepting an update to its terms concerning sharing data with Facebook, saying it would use the pause to clear up misinformation around privacy and security. “We’ve heard from so many people how much confusion there is around our recent update,” WhatsApp said in a blog post. “This update does not expand our ability to share data with Facebook.” It said it would instead “go to people gradually to review the policy at their own pace before new business options are available on May 15.” The update concerns how merchants using WhatsApp to cha...

‘Christmas village’ boost Akwa Ibom economy with N1 billionn revenue – official

Mr. Orman Esin, the Akwa Ibom Commissioner for Culture and Tourism, has said the ‘Christmas Village’ generated more than N1 billion to the state economy since Dec. 1, 2020. Esin announced this to newsmen in Uyo on Friday. He said that the opening of the village had brought some life back to holidaymakers and citizens of the state. “The Christmas village has created value of more than N1 billion since it was opened on Dec. 1, 2020,’’ he said. “More than 600 vendors attract thousands of visitors every evening, adding that the Christmas village became a must-visit place in Nigeria every December. “With the ravaging Covid19 pandemic and subsequent lockdown, the 2020 Christmas season looked bleak. “Annual events were cancelled all over the world including the record-setting annual 999 events in...

Nigerian government borrows over N2 trillion from bond investors in 2020

Leveraging on excess liquidity that persisted in the banking system and the near zero yields on treasury bills (TBs), the Federal Government, through the Debt Management Office (DMO), raised N2.1 trillion from investors in its monthly bond issuance programme in 2020. This represents 33 percent, year-on-year, (y/y) increase when compared with the N1.58 trillion raised by the DMO in 2019. The N2.1 trillion raised in 2020 also represents 31 percent more than the N1.6 trillion funding target for the DMO under the Revised 2020 Budget. Meanwhile, the monthly bond auctions conducted by the DMO in 2020 recorded 275 percent oversubscription, reflecting scramble for the high yielding FGN bonds by investors. Newsmen report on monthly bond auction results show that the DMO offered N1.825 trillion wort...

Coronavirus: School reopening, worship centres, others caused second wave – Prof. Abayomi

The Lagos State Commissioner for Health, Prof. Akin Abayomi, has attributed the reasons for the second wave of COVID-19 to the opening up of the economy, the re-opening of schools, large religious congregations, and social gatherings among others. A statement from the Lagos State Ministry of Health quoted the commissioner as saying this while giving an update on the State Government’s response against the second wave of COVID-19 at a press briefing held in Ikeja on Monday. The statement titled, ‘COVID-19: Lagos admonishes residents’, was signed by the LSMOH Director of Public Affairs, Tunbosun Ogunbanwo. “Abayomi attributed the reason for the second wave of COVID19 to include, opening up of the economy; general laxity, false sense of security and non-adherence to safety guidelines by citiz...

Qatar to host FIFA Club World Cup 2020 across three venues

Qatar will host the FIFA Club World Cup 2020 from February 1 to 11, 2021, after it was postponed earlier this year due to the COVID-19 pandemic. Six continental confederations, as well as the host nation’s league champions, will compete in the tournament, which will be held across three FIFA World Cup Qatar 2022 stadiums — Ahmad Bin Ali, Khalifa International and Education City. The Ahmad Bin Ali Stadium, inaugurated just last week on December 18, will stage the opening match between Qatari champions Al Duhail and Auckland City of New Zealand on February 1, and the final will be played at Education City Stadium on February 11. Joining the two teams will be European champions and German side FC Bayern Munich, CONCACAF champions Tigres UANL from Mexico, Al Ahly SC, Egyptian side and winners ...

U.S. warns Pacific islands about Chinese bid for undersea cable project

The United States has warned Pacific island nations about security threats posed by a Chinese company’s cut-price bid to build an undersea internet cable, two sources told Reuters, part of an international development project in the region. Huawei Marine, which was recently divested from Huawei Technologies Co Ltd and is now majority-owned by another Chinese firm, submitted bids along with French-headquartered Alcatel Submarine Networks (ASN), part of Finland’s Nokia, and Japan’s NEC, for the $72.6 million project backed by the World Bank and Asian Development Bank (ADB), the sources with direct knowledge of the project details said. The project is designed to improve communications to the island nations of Nauru, Federated States of Micronesia (FSM) and Kiribati. Washington sent a diploma...