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 […]

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 […]