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...
Delta State Government on Tuesday reacted to receipt by the Nigerian government of the £4.2 million first tranche of the Ibori loot from the goverment of the United Kingdom. The state government restated its earlier stand that since the returned money was illegally taken out of Delta’s Treasury, it should appropriately be returned to Delta State. This is coming on the dissolution, on Tuesday, of the Delta State Executive Council (EXCO) with Governor Ifeanyi Okowa asking the Secretary to State Government (SSG), all civil commissioners and the governor’s aides to surrender all vital government documents and property to their respective permanent secretaries in the ministries, departments and agencies. The outgoing state commissioner for information, Mr Charles Aniagwu, reiterated the positio...
The National Biosafety Management Agency, NBMA, Tuesday, reiterated commitment to ensuring the eradication of Genetically Modified Organisms, (GMOs) in the country, as well as assuring Nigerians of safe products in the market. The Director-General of the NBMA, Dr. Rufus Ebegba, made the disclosure while addressing newsmen in Abuja, stating that Nigerians should be aware of the roles of the Agency in the proper regulation of GMOs in the country. He insisted that the NBMA has not been resting on its oars in ensuring that only safe and approved genetically modified seeds and grains for food and feed processing are allowed into the Nigerian market. Hence, he said, the constant upgrading of GM detection, analysis laboratory, and constant inspection of GMO facilities, confined field trial sites,...
Minister of Environment, Dr. Muhammad Abubakar, has called for the transformation of the food system to aid rejuvenation of soils and forest covers. Speaking at the 14th National Council of Environment virtually held with the theme: “Managing Emerging Environmental Challenges: Need for Strategic Approach to Sustainable Development in Covid-19 Era and Beyond,” the Minister said: “There is urgent need to transform our food system which has been the major factor in the issue of loss of biodiversity, fresh water and deforestation with its attendant effects on climate change. It is therefore, expected that pertinent issues of climate smart agriculture and agro ecological practices that will aid rejuvenation of soils and forest covers, among others,are discussed during this meeting.” He noted th...
Federal Government has blamed the states for the shortcomings of the past development plans, saying it did not receive the needed co-operation from the sub-national governments. Speaking at the closing of 19th National Council on Development Planning (NCDP) meeting on Friday in Abuja, Minister of Finance, Mrs Zainab Ahmed, said the overall score card of previous plans were adjudged to be below expectations because of inadequate collaboration from the subnational governments. According to her, the previous plans did not make much impacts based on the assertion that the plans were more of federal government than national. “However, the overall scorecard of previous Plans were adjudged to be below expectations and these were among other factors attributed to inadequate collaboration from Sub-...
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...