Enugu ramps up investment drive on good ease-of-doing business ranking

Ben EguzozieJanuary 29, 2020

Enugu State government says it is set to ride on its recent good ease-of-doing business ranking published by the World Bank’s Index of Ease of Doing Business to ramp up more investments into the coal-rich state. Added to this, is a new planned drive by the former Eastern Regional capital to increase the state’s internally […]

Agriculture key to Nigeria’s economic growth, says GM Vintage Farms

January 22, 2020

By Dikachi Franklin,  in Owerri   ..Produces about 80,000 fish monthly   The growth of Nigeria’s economy lies on the proper development of its agricultural  sector and as such,  the Federal Government  should endeavour to make it  attractive to enable people, especially the youths, to embrace and  take it as an occupation or profession. Bobby Elechi, […]

Plateau government to spend 44% of 2020 budget on capital projects

January 22, 2020

By Hope Ikwe, Jos   Plateau State government has allocated the sum of N78.597 billion, representing 44.31% of the total 2020 budget estimate on infrastructural development. Sylvester Wallangko, the state’s commissioner for budget and economic planning, during the 2020  budget breakdown pointed out that the “ budget is to consolidate on the infrastructural development of the […]

Imo hoteliers comply with HORC tax law

January 22, 2020

By Dikachi Franklin,  in Owerri   … IIRS chairman happy over compliance … ISHA wants dissidents prosecuted    Members of the Imo State Hoteliers  Association (ISHA) have begun to comply with the Hotel Occupancy  and Restaurant Consumption (HORC)  tax law,  investigations by business a.m. has revealed. This law has therefore,  raised by five percent, prices of  […]

Rivers 2020 budget raises questions with no funding plan, amid lack of transparency

Ben EguzozieJanuary 22, 2020

…stakeholders’ participation absent, as budget document elusive …state expects 3.7% growth Rivers, Nigeria’s second largest sub-national state, with a gross domestic product (GDP) size of more than $25 billion, against traditional economic expectations, has begun implementing its 2020 budget of N530.813 billion, without a funding plan for the expenditure projections, business a.m.’s analysis of the […]

TSA: Understanding the hidden treasure in Ihedioha’s unique stroke

January 15, 2020

By Saby Elemba, in Owerri   What may perhaps turn out to be Governor Emeka Ihedioha’s single most important policy master stroke since he assumed office last year, may after all be the Treasury Single Account (TSA) Executive Order 005 he signed and rolled out last July.  It is difficult to apply advanced strategies in […]

Plateau tax agency to expand tax payers’ data base

January 15, 2020

By Hope Ikwe, Jos   The Plateau State Internal Revenue Service is set to expand its tax payers data base from over 400,000 to 1,000,000 tax payers in order to double the performance of 2019 fiscal year in 2020. Dashe Arlat  chairman of the revenue service, during an interaction with journalists in Jos, revealed that the […]

Nigeria’s Imo State allocates land to Afreximbank for Quality Assurance Centre

Ben EguzozieJanuary 15, 2020

Nigeria’s Imo State has allocated a five-hectare of land to the African Export-Import Bank (Afreximbank) for the pan-African multilateral financial institution to build and operate an internationally accredited quality assurance centre in the state. Afreximbank is supporting the establishment of such internationally accredited African Quality Assurance Centres (AQACs) across Africa to support the continent’s industrialisation […]

N28.4bn FOB export value processed at Onne Port in 2019

January 13, 2020

N28.4bn FOB export value processed at Onne Port in 2019

By Samson Echenim A total of 255,407 metric tonnes of goods with a total Free On Board (FOB) value of $78.4 million ( about ₦28.4 billion) were processed through the Onne Port in Rivers State in 2019, the Nigeria Customs Service has said. Aliyu Galadima Saidu, a comptroller of Customs, who heads the Onne Port […]