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Friday, September 18, 2020

Experts list funding options in Nigeria’s infrastructure development

By Solomon Asowata Lagos, Sept. 8, 2020 Some financial experts on Tuesday identified other finance options Nigeria could utilise in development of critical infrastructure across the country without resorting to borrowing. The experts said the dwindling revenue orchestrated by the COVID-19 pandemic, falling crude oil prices...

Nigeria spent N30.5bn In Response To COVID-19 Between April And July

The Federal Government has said it spent N30.5 billion in response to COVID-19 between April and July 2020. This is in response to a letter by the Socio-Economic Rights and Accountability Project (SERAP) which asked the government to provide a breakdown of how it spent...

Healthcare Development : Gov. Abiodun seeks Assembly’s approval over N2.5bn loan

By Olawale Jokotoye Abeokuta, Sept. 3, 2020 Gov. Dapo Abiodun of Ogun has sought the approval of the state House of Assembly to access a N2.5bn loan facility from the ongoing Central Bank of Nigeria (CBN) Special Intervention Fund. Speaker of the Assembly, Rt. Hon. Olakunle...

Nigeria’s economic hub, Lagos to establish coconut processing factory in Badagry next year

By Olayinka Olawale Lagos, Sept.2, 2020 The Lagos State Government says it will establish a coconut processing factory in Badagry to further optimize the use of coconut and harness the economic potentials in the value chain. The State Acting Commissioner for Agriculture, Ms Abisola Olusanya,...

Makinde flags off second phase of N28.3 bn street light project in Ogbomosho

By David Adeoye Ogbomoso (Oyo State), Sept. 2, 2020 Gov. Seyi Makinde of Oyo State on Wednesday in Ogbomoso inaugurated the second phase of the N28.3 billion street light project, tagged ‘Light Up Oyo’ Naija247news reports that the first phase of the project handled by...

FG reiterates commitment to institutionalising social protection in Nigeria

By Nana Musa Abuja, Sept. 1, 2020 The Federal Government has reiterated its commitment to coordinating policy and programmes across sectors to achieve the objective of institutionalising social protection in the country. Mr Clement Agba, the Minister of State for Finance, Budget and National Planning, made...

Nigeria Seek $1.3bn Health Fund To Tackle Virus

Nigeria is looking to set up a $1.3 billion (1.2 billion euro) fund to boost its fragile healthcare system for the fight against the coronavirus pandemic, officials said Saturday. Finance minister Zainab Ahmed met senior lawmakers to discuss pulling together the fund from government "special...

Dangote Fertilizer plant will be ready for commissioning before 4Q – Nanono

Lagos — Minister of Agriculture and Rural Development, Alhaji Muhammad Sabo Nanono, Sunday, stated that the Dangote Fertilizer plant has been fully completed and set for commissioning in the months ahead. According to a statement by Dangote Fertilizer Limited, Nanono, who stated this during a...

Senate seeks for more funding for NEDC

By Naomi Sharang/Hamza Suleiman Mafa (Maiduguri) Aug. 27, 2020 The Senate Committee on Special Duties, has called for more funds for the North East Development Commission (NEDC) for the overall development of the Northeast region. Chairman of the Committee, Sen. Yusuf Yusuf, said this when...

Senate urges FG to effect 1 per cent remittance into NASENI account yearly

By Kingsley Okoye Abuja, Aug. 25,2020 Senate on Tuesday urged the Federal Government to ensure remittance of one per cent from the Federation Account into the coffers of the National Agency for Science and Engineering Infrastructure (NASENI) from September in line with extant laws . Senate’s...
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