Nigeria approves N14.7bn for production of ECOWAS biometric ID card, effective Jan. 2019

The Nigerian government will from January 2019 commence the production and issuance of the Economic Community of West African States (ECOWAS)  biometric identity cards for Nigerians. This followed the approval granted by the Federal Executive Council for the production of the cards. Abdulrahman Dambazau, minister of Interior, the announcement while speaking on the outcome of […]

October allocation to Nigeria’s national, sub-national governments rises to N788bn on the back of higher crude output

Total monthly payout by Nigeria’s Federal Account Allocation Committee  (FAAC) for distribution to the national and sub-national governments rose  by 12.9 per cent to 788.13 billion in October despite the lower crude prices due to higher production output to make up for the shortfall in price. The N788.139 shared in Kaduna surpassed the N698.710 billion […]

Nigeria now 115th most competitive country in the world

The latest global competitiveness index released Wednesday by the World Economic Forum (WEF) has shown Nigeria now ranks 115th position among 140 countries of the world. This position is, however, three positions lower than the 112nd position it ranked among 135 countries in 2017. According to the  WEF, the new global competitiveness index 4.0, assesses […]

Nigeria welcomes UN’s move to tackle development challenges in the Sahel region

Sahel

The Federal Government has welcomed the Sahel Initiative by the United Nations aimed at tackling development challenges of countries in the Sahel Region of Africa, noting that security challenges ravaging the region have taken much of the resources that would have been channeled to development programmes. Udoma Udo Udoma, minister of budget and national planning, […]

Nigeria beneficiary of $5bn projects from China partnership with Africa

Partnership

Nigeria’s partnership with China through the Forum on China-Africa Cooperation (FOCAC) has resulted in the execution of vital infrastructure projects across the country, valued at over $5 billion in the last three years of the current administration. President Muhammadu Buhari disclosed this on Tuesday in Beijing at the FOCAC Round Table meeting, attended by African […]

Nigerian sees technology, innovation as panacea to growing unemployment rate

Unemployment

The growing statistics of unemployment has become a monumental tragedy and would require an immediate technological and innovative approach, Nigeria central government has said. Adeyemi Dipeolu, the economic adviser to the presidency told a gathering at a two-day dialogue organised by Ibadan School of Government and Public Policy, that the federal government was intensifying efforts […]