Governors of natural rubber-producing states, especially in the southern part of Nigeria, regarded as a bastion of the cash crop, have been urged to take advantage of the arrival of investors and international rubber experts for the World Rubber Summit. The event is slated to be held at the Banquet Hall of the Presidential Villa…
Only a few states appear to have received the 20 trucks of rice palliative earmarked for each of the 36 states by the Federal Government and the issue is causing anxiety. A survey at the weekend shows no northern state apart from Kano had received the consignment of rice while in the South-West, only Oyo…
The Joint Committee of the House of Representatives investigating the arbitrary rise of cement prices in the country has asked major producers in the industry to tender documents on cost production to justify the price of cement in the market.The committee resolved to visit the production plants of the companies after going through their books…
President Bola Tinubu has forwarded to the Senate for consideration and approval the injection of N6.2 trillion into the N27.5 trillion 2024 budget. The President, in the request via a letter read on the floor of the Senate by its President, Godswill Akpabio, during plenary on Wednesday, specifically sought for withdrawal of N3.2 trillion from…
Former National Publicity Secretary, Nigeria Union of Local Government Employees, NULGE, Abdulrahman Maina-Yaji, has said the Supreme Court judgment that granted autonomy to local governments will address poverty and insecurity in Nigeria. Maina-Yaji made this statement in Maiduguri while reacting to the landmark judgment.He said all those who worked toward it deserved commendation in promoting…
The Niger Delta Development Commission (NDDC) has proposed an aggregate expenditure of N1.911 trillion for the 2024 budget, tagged “Budget of Renewed Hope”. The Managing Director of NDDC, Samuel Ogbuku, presented the budget before the House of Representatives Committee on NDDC in Abuja on Tuesday. He said that the primary objective in preparing the budget…
The Transmission Company of Nigeria (TCN) says national grid was restored at about 9.57 p.m. on Saturday after a partial collapse. TCN’s General Manager, Public Affairs, Mrs Ndidi Mbah in a statement in Abuja on Sunday, said there was a partial disturbance of the grid at about 3.09 p.m. on Saturday. Mrs Mbah stated that…
Plans have reached the advanced stage to launch the Economic Community of West African States (ECOWAS) single currency initiative, otherwise known as ECO. This was after the Nigerian government endorsed the initiative, which is envisioned to propel growth and development throughout the West African sub-region. The ECOWAS single currency has also been incorporated as a…
The Federal Government has launched a new initiative to establish an operating model and framework for economic and financial inclusion to transform Nigeria into a $1 trillion economy by 2030. The project is designed to combat poverty and catalyse sustainable economic growth from the ground up. Vice President Kashim Shettima explained that the initiative symbolised…
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has called for more regional collaboration to strengthen financial stability and growth in the West African region. The governor made the call at the 10th meeting of the College of Supervisors for Non-Bank Financial Institutions Abuja on Monday. The event, hosted by the West African…