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Lagos chamber projects positive economic recovery by Q2

The Lagos Chamber of Commerce and Industry (LCCI) has projected a return to positive growth path for the Nigerian economy in the second quarter of 2021. Mrs Toki Mabogunje, President, LCCI, addressing journalists at the first edition of the chamber’s quarterly news conference, said the projection was subject to the absence of major economic shocks. Mabogunje, however, said that the projected recovery was expected to be subdued within the region of one per cent. “Projections by the World Bank and the International Monetary Fund put Nigeria’s annual average growth for year 2021 at 1.1 per cent and 1.5 per cent, respectively. “Expectation of slow growth momentum reflects the lingering effects of the pandemic on the Nigerian economy and prospects of stricter containment measures considering th...

Yoruba elders condemn burning of Sarkin Fulani’s residence

Elders in the South West have condemned Friday’s attack on Sarkin Fulani, in Oyo State, Alhaji Salihu AbdulKadir and his family where houses were burnt down, livestock killed and 11 cars also burnt to ashes. The elders, who stated their opposition to the action attributed it to some criminals led by a secessionist, Sunday Adeyemo, in a statement under the umbrella of Coalition of Oduduwa Elders, said the development was inimical to the unity of the country which they stand for. Expressing shock that such ugly development can happen in Yorubaland which they noted, had been in the forefront of a united Nigeria, the elders tasked security agencies to immediately swing into action with a view to arresting the culprits so they can face the wrath of the country’s law. In the statement signed by ...

Rivers governor commiserates Akwa Ibom over death of PDP, PANDEF chairmen

Rivers State Governor, Nyesom Wike has commiserated with the governor of Akwa Ibom State, Mr Udom Emmanuel over the recent loss of prominent indigenes of the state. Wike described the death of the State Chairman of the People’s Democratic Party, PDP, Mr Udo Ekpenyong and the Director-General of Governor Emmanuel’s two terms Divine Mandate organization and Chairman of Pan Niger Delta Forum, PANDEF, Air Commodore Idongesit Nkanga rtd., as a grave loss not just to Akwa Ibom State but the entire South-South region and the party which, he said, is Nigeria’s hope. The Rivers State Governor who was on a condolence visit to Governor Emmanuel at Hilltop Mansion, Government House Uyo, on Thursday said what touches Akwa Ibom touches Rivers state. Hear him, “what I came here is that the Governor Udom ...

Nigerian university staff to embark on indefinite strike

File Photo The Non-Academic Staff Union of Educational and Associated Institutions (NASU), and the Senior Staff Association of Nigerian Universities (SSANU) have disclosed that they will be embarking on “an indefinite, comprehensive and total strike” from February 5th. The Joint Action Committee of both unions, disclosed this while addressing reporters in a press conference on Friday. The committee explained that it is giving the Government two weeks till February 5th to address its demands, else the industrial action will commence. The unions had embarked on a fourteen day warning strike between 5th and 19th of October 2020 in protest of a number of issues bordering on the welfare of their members. The warning strike culminated the signing of a Memorandum of Understanding (MoU) on the 20t...

Official: Police free eight kidnap victims, arrest four suspects in Zamfara

The police in Zamfara have arrested four suspects over alleged killing of a Fulani herdsman. At a press conference in Gusau on Sunday, the Commissioner of Police, Abutu Yaro, said the police command also recovered 200 rustled cows following its steadfastness in crime fighting. He said some weapons were recovered and the command secured the release of no fewer than eight persons abducted three weeks ago. “We recovered no fewer than 200 stolen cows, five AK 47 rifles, three vehicles and a large number of ammunitions,” he said. According to the commissioner, the peace process being led by the state government has yielded huge results, including the unconditional surrendering of three 3 AK-47 rifles and 47 rounds of live ammunitions. “As a result of the ongoing peace engagement in Shinkafi Loc...

SON: We have initiated more measures to tackle importation of substandard products into Nigeria

File Photo The Standard Organisation of Nigeria (SON) said it has devised more efficient measures against importation of substandard products to protect local manufacturers in the country. The Director-General of SON, Mallam Farouk Salim stated this during a visit to the organization’s office in Awka, Anambra State, on Saturday. According to Mallam Salim, the agency will continue to discourage importers of substandard products from short-changing unsuspecting consumers. He also announced plans to improve workers welfare and increase engagement with stakeholders in the country, noting that the move by the agency would help protect the interest of the business community while also safeguarding life and property. The Director-General assured that the organization would work with stakeholders ...

Coronavirus takes toll on federal roads’ construction in Lagos

The ravaging effect of Coronavirus (COVID-19) was, perhaps, the biggest challenge faced by stakeholders in the road sub sector of the construction industry in 2020. As the virus gained ground, several contractors soon abandoned work and shut their operations, consequently, many hitherto gainfully employed Nigerians were thrown into the labour market. Even when the government later introduced partial lockdown measures, the number of workers on site was scaled down by many contractors in line with COVID-19 protocols, which slowed down progress of work. Virtually all road projects in Lagos State suffered the effect of the pandemic, with every project having its own peculiar challenge. The reconstruction of 46km Agbara-Seme section of the Lagos-Badagry Expressway project awarded to CGC Nigeria...

Abuja chamber welcomes FCT tax harmonisation

Abuja Chamber of Commerce and Industry (ACCI) has welcomed the plan by the Minister of the Federal Capital Territory (FCT), Alhaji Muhammad Bello to harmonise tax policies within the territory in order end multiple taxations on by businesses in the territory. The President of ACCI, Alhaji Abubakar, in a statement yesterday, commended the minister for acknowledging the challenges faced by businesses within the territory due to series of levies, charges and taxes from Federal, FCTA and Area Councils. “Multiple taxations within the FCT and the larger national economy has imposed crippling consequences on businesses. “The fallout has been many failed businesses, the rising level of inflation, the non-thriving of existing ones and the lack of capacity to engage many unemployed youths. “We want ...

Ebonyi governor pledges to abide by peace pact with political opponents

Gov. David Umahi of Ebonyi has pledged to abide by the peace pact he made with political opponents in the Peoples Democratic Party (PDP). Umahi made the pledge on Tuesday at his hometown Uburu, Ohaozara Local Government Area of the state while briefing newsmen after a state Security Council meeting. The News Agency of Nigeria (NAN) reports that the state founding fathers forum in conjunction with the Catholic Church in Ebonyi, recently organised a peace meeting between Umahi and stakeholders of the PDP in the state. The stakeholders include former Senate President, Sen. Pius Anyim, former Gov Sam Egwu among others whom had been at loggerheads with since his defection to the All Progressives Congress (APC). The governor urged his supporters to cease all attacks, saying that he had ‘moved on...

Minister tasks NAPTIP on domestication of trafficking act

Twitter Hajiya Sadiya Umar Farouq, Minister of Humanitarian Affairs, Disaster Management and Social Development, has urged the National Agency for the Prohibition of Trafficking in Persons (NAPTIP) to ensure domestication of the Act in all states. Farouq gave the advice when the Director-General of NAPTIP, Imaan Sulaiman-Ibrahim paid her a courtesy visit in Abuja on Monday. She said NAPTIP should focus on the domestication of Trafficking in Persons (Prohibition) Enforcement and Administration Act (TIPPEA), 2015 and Violence Against Persons (Prohibition) Act (VAPP), 2015 in all states of the federation. According to Farouq, focusing on the domestication will ease some of the problems currently faced by NAPTIP in the implementation of key interventions and programmes. “I urge you to make use...