Private sector urged to invest in Nigeria’s maritime as sector lost fortunes to collapsed national shipping line

Godwin Obaseki, the executive governor of Edo state has revealed that Nigeria as a maritime nation has lost fortunes to the collapse of the country’s National Shipping Line, NNSL, about 13 years ago. The governor disclosed this in Onne, Rivers State, during the official christening of the nation’s latest addition to the Nigerian ‘fleet’, the […]

Privatisation seen as pathway to Nigeria’s system liquidity, economic growth

Ayo Teriba, a leading economist and chief executive officer of Economic Associates, has canvassed for a vigorous privatisation of the country’s sectors to provide the needed liquidity and open up the economy for growth. He disclosed this recently while presenting a paper titled: Macro-economic Role of privatisation on the Nigerian Economy at a one-day orientation […]

Nigeria’s account allocation committee disbursed N638.09bn in April

The Federation Account Allocation Committee (FAAC) disbursed the sum of N638.09 billion to the three tiers of government in April 2018 from the revenue generated in March 2018. According to the FAAC April report, the amount disbursed comprised of N480.59bn from the Statutory Account, N62.53bn from FOREX Equalization, N11.27bn from NNPC and N83.70bn from Valued […]

Nigeria to expand N-power project to benefit more youths

Yemi Osinbajo, Nigeria’s vice president said Friday that the N-Power Graduate Skills Acquisition Programme will be expanded to benefit more youths in the country. The vuce president made the disclosure during a visit to Kiara De-Luke Multi-Skill and Entrepreneurship Centre, an N-Power training centre at Umuobiakwa in Obingwa Local Government Area of Abia. Addressing the […]

Nigeria establishes Presidential Infrastructure Development Fund, approves $650m takeoff grant

The Federal Government of Nigeria has approved the establishment of a Presidential Infrastructure Development Fund (PIDF) to be managed by the Nigeria Sovereign Investment Authority (NSIA) for investment in critical road and power projects across the country. Consequently the National Economic Council (NEC) Thursday authorised the initial transfer of $650 million dollars to the NSIA […]

Nigeria’s mines ministry, British Geological Survey collaborate on establishing national geo-data archiving system

Nigeria’s ministry of mines and steel development through its agency, Nigeria Geological Survey Agency (NGSA), is collaborating with the British Geological Survey (BGS) towards the establishment of a Nigerian national geo-data archiving system. Bawa Bwari, minister of state, ministry of mines and steel development, while welcoming the representatives of BGS, Matt Harrison, and Jenny Forster, […]