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Tuesday, November 24, 2020

Anambra state cargo airport, roads, others gulp N13.45bn in 9 months – Commissioner

By Lucy Osuizigbo-Okechukwu Awka, Nov. 20, 2020 The Anambra State Ministry of Works, on Thursday said it spent N13.45 billion on different road projects, erosion control and bridges across the state, in addition to the state’s cargo airport that gulped N7.198 billion. The commissioner in the...

Failure to support SMEs will increase poverty, insecurity –Lagos Commissioner

By Rukayat Moisemhe Lagos, Nov. 18, 2020 The Lagos State Commissioner for Commerce, Industry and Cooperatives, Mrs Lola Akande, says there is need to support SMEs as failure to do so would lead to an exponential increase in poverty and insecurity. Akande, spoke at...

Minister lists FG efforts at promoting MSMEs growth

By Emmanuella Anokam Abuja, Nov. 19, 2020 The Minister of Industry, Trade and Investment, Mr Adeniyi Adebayo, says the Federal Government has embarked on the development of a draft national policy on Micro, Small and Medium Enterprises (MSMEs). Adebayo, in a statement by his Special Adviser...

Yobe signs N2.8bn Potiskum Truck Transit Park contract

By Nabilu Balarabe Damaturu, Nov. 19, 2020 Yobe Government on Thursday said it signed a N2.8 billion contract with AG Vision Nig. Ltd. for construction of Potiskum Truck Transit Park. The state Commissioner of Commerce, Industry and Tourism, Alhaji Barma Shettima, made the disclosure to newsmen...

Buhari Approves the Establishment of CBN funded infrastructure Company

President Muhammadu Buhari has approved the establishment of an infrastructure company wholly focused on critical infrastructural investments in Nigeria. The infrastructure company, as stated, will raise funding from the Central Bank of Nigeria, Nigeria Sovereign Investment Authority, pension funds and local and foreign private sector...

Nigeria, 3 other African countries to benefit from UN’s US$100 million to tackle famine

Obi Vincent New York (US), Nov. 18, 2020 Nigeria and 3 other African countries are set to benefit from the United Nations’ US$100 million of emergency funding on Tuesday to stave off the risk of famine in seven countries most at risk from a hunger...

Dangote Urges Private Sector Players to Commit 1% of all Profits to Develop Nigeria’s Health Sector

...To sponsor Bill to National Assembly Chairman, Aliko Dangote Foundation and Africa's biggest philanthropist, Aliko Dangote, has urged all operators in the private sector to commit one per cent of their profits to fund the health sector challenges in Nigeria, to enable the country tackle...

SEC tasks FG, states on privatisation

By Itohan Abara-Laserian Lagos, Nov. 17, 2020 The Securities and Exchange Commission (SEC) says privatisation presents enormous potential to serve as alternative funding source for both the Federal and State Governments, if properly harnessed. Mr Lamido Yuguda, the Director-General of SEC, stated this on...

Expert urges state govts with extreme sun light to invest in renewable energy to boost power supply

By Simon Akoje Lagos, Nov. 17, 2020 An Energy Expert, Mr Yemi Kolawale, on Tuesday urged governments to invest more in renewable energy in order to boost power supply. Kolawale, the Chief Executive of Topian Energy, made the call in an...

Presidency, CBN, Legislature back Lagos economic recovery effort as Sanwo-Olu unveils team

…Bankers’ Committee, Private Sector Champion Rebuilding Effort …Cardoso: ‘We Have A Tough Task, But We’ll Achieve It’ Period of brooding over the devastation suffered by Lagos State in the violence that trailed the hijack of the #EndSARS protests is now past. The recovery effort has begun...
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