Venture
Dangote Cement acquires 2,000 new vehicles to enhance transportation
Dangote Cement Plc has acquired 20,000 additional vehicles to enhance the distribution of the company’s cement products in the country. The company’s Spokesman, Tony Chiejine, said in a statement made available to newsmen on Monday in Lokoja that the new vehicles, made up of trucks, trailers and tippers, were acquired at a cost of $150 million US dollars. According to him, the company had recently taken delivery of another set of trucks, trailers, bulk tankers, tippers, cargo trucks and bulk cement tankers. “These assets would meet the expected increase in demand for transportation of cement to every part of the country and create employment for over 4,000 people in Nigeria,” he said. “We have acquired the new trucks in line with our new expansion capacity in Obajana, Ibese, Gboko and the ...
Senator backs Nigerian government on grazing routes
The Chairman, Senate Committee on Agriculture, Senator Abdullahi Adamu, has asked the Federal Government to go ahead with its plan to recover the old cattle grazing routes because herdsmen activities affect every part of the country. Adamu, who also served as a two-time governor of Nasarawa State, disagreed with those who argued that the Federal Government should not dabble into grazing issues because it had no constitutional powers to do so. The Senator, who spoke with newsmen in Abuja, said herdsmen needed the cattle routes because of the challenges they usually faced when they wanted to adopt other forms of transportation. He said the Federal Government should attend to the welfare of herdsmen just as it was providing basic amenities for others involved in private businesses across the ...
Senegal readies for first LNG-powered electricity
Senegal is set to be partly powered by liquefied natural gas for the first time with the arrival at the capital, Dakar, on Wednesday of a floating gas facility from Singapore, the West African nation’s state power company, Senelec, said. The floating storage regasification unit (FSRU) is the result of a joint venture between Japanese shipping company Mitsui OSK Lines Ltd (MOL) and Turkey’s Karpowership, which supplies power from its fleet of ships mainly to eight African nations. Once up and running, the unit will supply LNG to a Karpowership vessel, which covers around 15% of Senegalese supply and has until now run on oil like most of the country’s power plants. “This project aims to provide reliable, affordable and cleaner power,” Senelec said. It did not say when the FSRU would be opera...
CBN governor vows to block maize importation
Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele on Thursday vowed to resist importation of maize as Nigerians have the capacity and capability to grow the crop locally to meet consumption demand. On that note, he has urged youths across the country to embrace agriculture, declaring the bank’s readiness to support those ready to venture into it. Emefiele made the declaration in Katsina at the unveiling of the first maize pyramid and flag-off of the 2021 maize wet season farming under the CBN-Maize Association of Nigeria (MAAN) Anchor Borrowers’ Programme. He averred that Nigerian youths could leverage their talents, along with technological tools to improve farm productivity and delivery of agricultural produce to markets. While noting that agriculture offered significant benefi...
Namibian president caught in new fishing corruption allegations
Informante The president of Namibia has been implicated in new allegations of corruption involving the country’s lucrative fishing industry by an investigation released by the Organized Crime and Corruption Reporting Project (OCCRP) and The Namibian newspaper. According to a lawyer who allegedly arranged the deal, President Hage Geingob instructed his close associates to embezzle millions of dollars from a state-run fishing enterprise in order to bribe electors at the 2017 congress of the ruling SWAPO (South West Africa People’s Organization) party, reports the new investigation released on Friday. The lawyer, who is not named by the OCCRP, claims that Hage Geingob – elected as President of Namibia in 2014 and re-elected in 2019 – allegedly asked James Hatuikulipi, then chairman of the sta...
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...
Ogun government creates trust fund for sports development
Ogun State will soon set up a Sports Trust Fund that would help in creating an enabling environment to tap from the multiplier effects of Sporting activities. The State Governor, Prince Dapo Abiodun, stated this when officials of the Nigerian Football Federation (NFF), led by the President, Mr. Amaju Pinnik, paid him a courtesy call in his office at Oke-Mosan, Abeokuta, saying that sports, over time has moved from an entertainment past time to a Money spinning venture. “We are putting in place, a Sports Trust Fund to create enabling environment to engage and enjoy the multiplier effects of Sporting activities. We are going to launch that very soon, so that our sports have enough funding”, he noted. The governor, who described Sports as a means of youth employment, opined that when youths a...
