A political analyst, Basil Abia, has said that the projections of the 2025 budget proposal presented by President Bola Tinubu at the National Assembly are unrealistic. Recalled that President Tinubu, in his presentation to a joint session of the National Assembly on Wednesday, said the budget aims to bring down inflation from its current 34.6 per cent…
The Federal Government, through the Ministry of Agriculture and Food Security, has secured over $600m in foreign agricultural loans in 2024 to boost food security and rural development. According to information from the ministry’s website, the government obtained a $134m loan facility from the African Development Bank to enhance seed and grain production nationwide. “The…
By Babatunde Tiamiyu Federal Government has been urged to pass and assent to the amended bill establishing the National Social Investment Programme (NSIP) to achieve its primary objective. A Senior Special Adviser to the former Osun State Governors Ogbeni Rauf Aregbesola and Gov. Adegboyega Oyetola on Social Intervention/ State Focal Person on National Social Investment…
The Federal Government will continue its nationwide consultations on the Digital Economy and e-Governance Bill, with plans to visit four more states this week. This follows earlier discussions in 16 states, aimed at gathering input from all regions to shape the legal framework for Nigeria’s digital economy. The Minister of Communications and Digital Economy, Bosun…
By Babatunde Tiamiyu Minister of Humanitarian Affairs and Poverty Reduction, Professor Nentawe. Yilwatda has disclosed that Social Workers play an indispensable role in the nation’s development and humanitarian response framework. Yilwatda, made this declaration on in his goodwill message at the opening of the Annual National Conference and General Meeting of Nigeria Association of Social…
By Aanuoluwapo Fasoyin Oyo State Government has said that the enabling environment provided for investors to thrive is already yielding positive results. Governor Seyi Makinde said this at the grand finale of Iyake international festival 2024, held at the foot of Ado mountain, Ado-Awaye, Iseyin Local Government Area of the state. Represented by Commissioner for…
The Central Bank of Nigeria, has said that over 28 million Nigerians still lack access to formal financial products and services in spite of a reduction in the country’s financial exclusion rate to 26% in 2023 from 46.3% in 2010. The CBN however said that the ongoing recapitalisation exercise will empower banks to take risks in underserved…
The Nigerian National Petroleum Company (NNPC) Limited has ceased importing refined petroleum products, according to Mele Kyari, the group chief executive officer (GCEO) of NNPC. Kyari made the announcement during his keynote address at the 42nd annual international conference and exhibition of the Nigerian Association of Petroleum Explorationists (NAPE) in Lagos on Monday. However, denying…
The Central Bank of Nigeria (CBN) and the International Finance Corporation (IFC), a member of the World Bank Group, have signed an agreement to increase local currency financing in Nigeria through a $1 billion investment. This partnership, announced in Washington DC, aims to enhance financing opportunities for private businesses across priority sectors in Nigeria, such…
Aviation ground handling companies in Nigeria are reportedly preparing to raise their service rates due to unsustainable current prices, which industry stakeholders say no longer reflect economic realities. Current rates include N70,000 for partial handling of a B737, N100,000 for full handling, and N50,000 for CRJ and Embraer aircraft. Stakeholders argue that, given recent increases…