Agbakoba writes President Buhari on new revenue sources
Onome Amuge
October 5, 2020
Onome Amuge Olisa Agbakoba, erstwhile President of the Nigerian Bar Association (NBA), has called on President Muhammadu Buhari to explore new sources of revenue by capitalising on the enormous revenue and jobs from the service sectors also known as the “soft economy” to resolve the budget deficit challenge bedevilling the nation’s economy. The Senior Advocate […]
Fertilizer FX ban: Sacrifice towards self sufficiency
Onome AmugeSeptember 28, 2020
Onome Amuge The production of food for consumption is an indispensable activity necessary for the sustenance of human life. Food production and consumption also play a vital role in the actualisation of economic stability of a nation. With the global population currently growing at an average rate of 1.05 per cent per year, as estimated […]
NNPC tasks indigenous oil players to raise capacity for global competiveness
BEN EGUZOZIESeptember 25, 2020
Ben Eguzozie Nigeria attained 28% local content in 2017; set for 70% by 2027 Move to aid production cost reduction drive CSOs say FG must commit to full oil industry deregulation Nigerian National Petroleum Corporation (NNPC), the state-owned oil company, is challenging indigenous companies operating in the country’s oil and gas sector to upscale their […]
Nigeria targets N7bn new tax revenues from CBN-backed solar connection facility
Charles AbuedeSeptember 15, 2020
Charles Abuede Project to raise $10m in import substitution revenue annually FG to expand energy access to 25 million individuals through the provision of solar connection to a mini-grid As part of efforts to support the federal government of Nigeria (FGN) initiatives on the economic recovery plan in response to the COVID-19 pandemic, the Central […]
Ekiti pursues agro-export drive in partnership with NEPC
Aderemi OjekunleSeptember 15, 2020
Onome Amuge The Ekiti State government and the Nigeria Export Promotion Council (NEPC) have established a partnership which aims to boost the state’s agricultural value chains and significantly bolster its major crops for export. Muyiwa Olumilua, commissioner for investment, trade and industry, while disclosing this explained that the partnership was enhanced by the state’s willingness […]
Rivers targets community ownership for oil block OML 11
Ben Eguzozie in Port HarcourtSeptember 8, 2020
Ben Eguzozie, in Port Harcourt State targets host community ownership says energy commissioner Shell Petroleum Development Company (SPDC), in a frantic bid to reclaim ownership of the Oil Mining Lease (OML) 11, has appealed the Port Harcourt federal high court’s judgement which had awarded the oilfield to Rivers State. OML 11 is an oil block […]
Delta, Akwa Ibom, Rivers receive lion share as FAAC disburses N606.20 bn in May
Charles AbuedeSeptember 5, 2020
Charles Abuede The Nigerian Niger Delta states of Delta, Akwa Ibom and Rivers and others received the lion share as a total of N606.20 billion was disbursed by the Federation Account Allocation Committee (FAAC) to the federal states and local governments in May 2020 from the total revenue generated in April 2020. This is according to the […]
President Buhari okays the reopening of gyms, amusement parks, cinemas
Saviour AdugbaSeptember 4, 2020
President Buhari has approved the reopening of recreational centres like gyms, amusement parks and cinemas following the recommendation of the Presidential Task Force on COVID-19 (PTF) Business a.m can confirm. The federal government had shut down the country’s recreational facilities along with schools, religious centres and markets due to the COVID-19 pandemic that was was […]
Bauchi signs MoU with OCP Africa to boost state’s agriculture sector
David Onome AmugeSeptember 2, 2020
David Onome Amuge The Bauchi State Government has signed a Memorandum of Understanding (MoU) with one of Africa’s largest fertilizer production companies, OCP Africa in a move to actualise agricultural productivity and sustenance in the state. The MoU was signed in Bauchi, the state capital by Samaila Burga, the commissioner of agriculture and rural development, […]
ECOWAS steps in to mediate Nigeria-Ghana trade dispute
Aderemi OjekunleAugust 21, 2020
Saviour Adugba ECOWAS is set to resolve the trade dispute between West African neighbours, Nigeria and Ghana, at the ongoing two-day Consultation tagged ECOWAS Post-2020 Vision currently being held at Abuja, according to the Federal Government of Nigeria. David Adeosun, director, microeconomic analysis, ministry of finance, budget and national planning, and one the Nigerian delegates […]