Kwara state govt. gets N2.48bn as federal allocation for June

Businessam StaffJune 24, 2017

The Kwara State Government has received a total of N2.48 billion as federal allocation for June Demola Banu, State Commissioner for Finance,  made this known in a statement made available to the News Agency of Nigeria (NAN), on Saturday in Ilorin. The commissioner, while giving the details, said that the sum was made up of […]

Nigeria rolls out $2 billion Brazil-like social-welfare plan

Businessam StaffJune 22, 2017

Nigeria is rolling out its first national social-welfare program modeled partly on Brazil’s Bolsa Familia in a bid to boost a weak economy and curb poverty by giving cash to its poorest citizens and ensuring their children go to school. The government of Africa’s most-populous nation is investing 500 billion naira ($1.5 billion) in the […]

Oyo attracts 154 Chinese investors, partners NIPC on business drive

Olusegun AbisoyeJune 21, 2017

Abiola Ajimobi , governor of Oyo State has restated his administration’s commitment to support the Nigeria Investment Promotion Commission (NIPC) in its efforts at promoting investment across the country. This came on the heels of the revelation that Oyo state has attracted 154 Chinese investors with seven already commencing work at the Free Trade Zone […]

FG approves N701bn assurance system payment for electricity companies

Obodo EjiroJune 21, 2017

The Federal  Government  has approved assurance system payment of N701 billion to improve liquidity in  the Nigerian electricity value chain, Yemi Osinbajo, Nigeria’s  Acting President , has said. The move is expected to break the gridlock in liquidity faced by electricity companies which are at the core of generating and distribution power in Nigeria. Industry […]

FG set to release N350bn for roads, other infrastructure

Obodo EjiroJune 20, 2017

Kemi Adeosun, the finance minister, Kemi Adeosun's Resignation

The Federal Government is set to release N350 billion being the first tranche for implementation of the capital budget component of the 2017 budget. Kemi Adeosun, Nigeria’s finance minister made the disclosure Monday in Abuja at the public presentation of the 2017 Appropriation Act. The number of important roads earmarked for rehabilitation include, the Lagos/Ibadan […]

Nigeria’s finance minister seeks IITA collaboration for agric programme

Businessam StaffJune 19, 2017

Kemi Adeosun, Nigeria’s finance minister has moved for collaboration between the International Institute of Tropical Agriculture (IITA) and government to rollout a national youth agric programme for the country. Adeosun, said in Ibadan recently that the country will benefit by signing up for the African Development Bank funded Empowering Novel Agri-Business-Led Employment Youth Program (ENABLE […]

Kebbi, Cross River, Borno lead states with high cost of cooking gas (LPG)

Niyi JacobsJune 19, 2017

A National Bureau of Statistics (NBS) report has revealed that Kebbi state has the highest cost of cooking gas in the country with average refilling cost of N5,375 per 12.5kg cylinder followed by Cross River (N5,330) and Borno (N5,300). The statistics agency also said the cost of refill within the months of April and May […]

FG spends N3.7bn to feed 1.2 million pupils

Obodo EjiroJune 12, 2017

The Senior Special Assistant to the Acting President, Laolu Akande has revealed that the Federal Government (FG) has released N3.77 billion for the feeding of 1,287,270 school children in nine states under the HomeGrown School Feeding Programme. According to Akande, nine states including Anambra, Enugu, Oyo, Osun, Ogun, Ebonyi, Zamfara, Delta and Abia, have received […]

Senate passes 96 bills, 72 petitions in two years

Obodo EjiroJune 9, 2017

Senate President, Bukola Saraki has said that the 8th Senate passed 96 Bills and 72 petitions from its inauguration in 2015 to June, 2017. He made this known at a special session to mark the second anniversary of the 8th Senate in Abuja on Friday. Saraki said that the passage of the bills and petitions […]