Nigeria requires additional $350bn to achieve SDGs - UNDP
Businessam Staff
March 13, 2020
The United Nations Development Programme (UNDP) says Nigeria will require additional 350 billion dollars to achieve the sustainable development goals (SDGs), which will end in 10 years’ time. Mohamed Yahya, the resident representative of UNDP in Nigeria, made this known while hosting the House of Representatives committee on SDGs led by the chairman, Rotimi Agunsoye […]
Nigeria’s economy under threat as oil prices collapse
Lukman OtunugaMarch 10, 2020
By Lukman Otunuga’s commentary The staggering depreciation in oil prices could not have come at a more disruptive and critical time for the Nigerian economy. Oil tumbled more than 30% overnight and now sits below $34 a barrel. These levels have not been seen since early 2016. The fall comes after Saudi Arabia announced massive discounts […]
Uzodima gives assent to Imo State revenue administration law
Dikachi FranklinFebruary 27, 2020
By Dikachi Franklin, Owerri As part of the efforts to boost the internally generated revenue to help provide more infrastructural facilities in Imo State, Governor Hope Uzodinma has assented to the Imo State Revenue Administration Law 2020 as amended. The law will not only help to boost the revenue base of the state but further […]
Pondei, new NDDC chief, promises radical change at government quango
Ben EguzozieFebruary 22, 2020
Ben Eguzozie, in Port Harcourt Kemebradikumo Daniel Pondei, a professor of medical microbiology and the new acting managing director of the Niger Delta Development Commission (NDDC), has promised to steer a radical direction in his headship of the Federal Government quango that has been at the centre of financial infractions since its establishment some 20 […]
Nigeria makes anti-corruption moves amid criticism over progress
Businessam StaffJanuary 31, 2020
Nigeria is publicly ramping up its efforts to prosecute graft, after what critics charge has been a lacklustre effort by President Muhammadu Buhari’s administration to deliver on its signature campaign promise of fighting corruption. Last week the country’s top anti-corruption enforcer demanded the extradition from the UK of a former petroleum minister accused of helping […]
FG’s delegation on arrival at Katsina airport on Monday
Businessam StaffDecember 2, 2019
A delegation of the federal government led by Lai Mohammed, the minister of information and culture, on Monday arrived Katsina in continuation of its assessment of border situations following the closure of the borders about three months ago. The team known as the Presidential Committee on Border Closure arrived the Shehu Umaru Yar’ Adua Airport at about […]
Patronise locally-made products, Buhari says in message to Lagos Trade Fair
Businessam StaffNovember 1, 2019
President Muhammadu Buhari on Friday declared the 2019 edition of the Lagos International Trade Fair open, reiterating that Nigerians should continue to patronise locally-made products and services to grow the nation’s economy. The News Agency of Nigeria reports that the trade fair, which is being promoted by the Lagos Chamber of Commerce and Industry, will […]
Transport minister offers Nigerians free Lagos-Ibadan train ride
Samson EchenimOctober 30, 2019
By Samson Echenim The Nigerian government plans to roll out free train services from Ebute Meta to Ibadan on November 30 this year, barring any delay in the completion of the rail tracks from Iju-Ishaga to Ebute Meta in Lagos. The move is part of an initiative by the government to ease traffic on the Lagos-Ibadan Expressway under […]
Dangote, Sanusi endorse Buhari’s new economic advisory council
Businessam StaffSeptember 19, 2019
Omobayo Azeez Aliko Dangote, president and chief executive officer (CEO) of Dangote Industries Limited, has commended the new Economic Advisory Council (EAC) constituted by president Muhammadu Buhari to advise him on the nation’s economic growth and overall development. In a statement issued Wednesday by Anthony Chiejina, the chief corporate communications officer (CCCO) of the Dangote […]
ECOWAS parliament appeals to Nigeria to reopen bordersECOWAS parliament appeals to Nigeria to reopen borders
Businessam StaffSeptember 17, 2019
The ECOWAS parliament on Monday appealed to the Nigerian government to reopen its closed borders as it hampers on the implementation of free trade movement within the ECOWAS region. Moustapha Cisse Lo, speaker of the parliament, made the call in a statement at the opening of the 2nd extra ordinary session of the ECOWAS Parliament […]