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Governor David Nweze Umahi

N2 billion loan: Ebonyi indigenes seek holistic probe of state’s finances

Ambassador Paschal Oluchukwu, Convener of the Association of Ebonyi State Indigenes in Diaspora (AESID), has urged the nation’s anti-graft agencies to immediately undertake an holistic probe of the finances of Ebonyi State in the last 16 years in the light plethora of its abandoned projects and huge debt overhang.
Israel Pasipanodya Mushore, 60, poses for a portrait besides his show piece herd of 70 cattle , in Nyabira, near Harare, on March 13, 2020. – He was allocated the farmhouse and a plot on Rasper farm in Nyabira during Zimbabwe’s land reform programme. (Photo by Jekesai NJIKIZANA / AFP)

Two decades on, Zimbabwe takes stock of Robert Mugabe land reform legacy

Eighty-year-old Isobel Simons calmly narrated how she and her late husband lost their 728-hectare Zimbabwe farm two decades ago to Robert Mugabe’s controversial land reforms.

Lagos Chamber laments untapped agricultural sector

The chamber stated that Africa’s largest country by market size is gradually getting the attention of international investors keen to maximize profits from the country’s vast natural resources such as fertile land and export crops including sesame seeds, cashew nuts, cocoa beans, groundnut, rubber, timber, yam and sorghum among others.

FCT minister eases restrictions on markets

Minister of the Federal Capital Territory FCT, Malam Muhammad Musa Bello has relaxed some of the restrictions imposed on the territory’s markets in the wake of the Covid-19 pandemic, adding an extra day of operations as well as approving the opening of more sections of the markets.
Nigeria can longer depend on the oil sector for survival after the COVID-19 pandemic, the Plateau State Commissioner for Agriculture, Dr Hosea Istifanus Finangwai, warned on Monday.

Nigeria can no longer depend on oil for survival – Plateau commissioner

Nigeria can longer depend on the oil sector for survival after the COVID-19 pandemic, the Plateau State Commissioner for Agriculture, Dr Hosea Istifanus Finangwai, warned on Monday.
The State Chairman of the Council, King Dandeson Jaja, speaking on behalf of the council in Port Harcourt wondered why the IGP would unilaterally lift the ban on the Presidential order restricting interstate movement of trucks and other vehicles.

Rivers monarchs accuse IGP of reversing presidential lockdown order

President Muhammadu Buhari has been asked to reverse the order of the Inspector General of Police (IGP) on the movement of agricultural produce, livestock, goods and services in Rivers State.
South Africa’s central bank has temporarily prohibited the use of debt issued by the Land Bank as collateral after the state agricultural lender was downgraded deeper into junk status and missed $2.7 billion in loan repayments.

South Africa strips Land Bank debt of high quality asset status

South Africa’s central bank will no longer allow commercial lenders to use debt issued by state-owned Land Bank to meet their capital adequacy requirements as they are longer considered a “high quality liquid asset”.

President Buhari appoints acting BOA chief

President Muhammadu Buhari has appointed Alwan Hassan as the new acting managing director for the Bank of Agriculture.
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

IMF approves $91 million loan to Malawi for coronavirus trade balance woes

The International Monetary Fund (IMF) has approved a $91 million loan for Malawi to help fund a balance of payments deficit exacerbated by the COVID-19 pandemic, the Fund said in a statement.

MASSOB warns Ndigbo on looming food scarcity

The Movement for the Actualization of the Sovereign State of Biafra, MASSOB, has warned Igbo people to be more conscious and get prepared for future endemic that it said would be more dangerous than coronavirus.

Akwa Ibom eases lockdown, makes public wearing of face masks compulsory

The announcement, which formed part of the governor’s statewide broadcast on Saturday, comes more than 30 days after Akwa Ibom State government put social and business activities in the state on hold in order to check the spread of covid-19.
Akwa Ibom State Governor, Udom Emmanuel, says the idea of random testing for COVID-19 in the state is a waste of government resources.

Akwa Ibom re-opens markets for three days weekly

Governor Udom Emmanuel of Akwa Ibom state government has relaxed the closure of markets in the state for three days in a week.
Oyo State Governor, Seyi Makinde has confirmed the State recorded one case of COVID-19 on Friday.

Oyo coronavirus endowment fund now N334 million

The Oyo State Commissioner for Finance, Mr. Akinola Ojo, said cash donations to the State COVID-19 Endowment Fund have reached N334 million.
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has again accused President Muhammadu Buhari of clamping down on the judiciary.

How to pull Nigeria from the brink

On Monday, April 27, 2020, British oil and gas giant, BP, became the latest in a growing number of energy firms to declare a massive quarterly loss. Their loss was in the region of $4.4 billion dollars. Bear in mind that this was a conglomerate that posted a $2.6 billion profit in the corresponding quarter of 2019.
Gov. Ifeanyi Okowa of Delta State has confirmed the index case of Covid -19 in the state, saying it is not a death sentence.

Governor Okowa: Why I partially lifted total lockdown

The governor of Delta State, Dr Ifeanyi Okowa, on Tuesday, announced the partial lifting of total lockdown within the state effective from Thursday, April 30th 2020.
Kenya's acting Finance Minister Ukur Yatani speaks during a budget planning meeting in Nairobi, Kenya September 12, 2019. REUTERS-Njeri Mwangi

Kenya’s economic growth slowed to 5.4% in 2019 – minister

Kenya’s economy grew by 5.4% in 2019, down from 6.3% the previous year, partly because of a slowdown in the agricultural, manufacturing and construction sectors, finance minister Ukur Yatani said on Tuesday.

AGRA invests $2.5 million to boost agri-business

The Alliance for a Green Revolution in Africa (AGRA) has invested its second tranche of $2.5 Million to boost the share capital of the Agri-Business Capital Fund (ABC Fund).
Nigeria Governors Forum (NGF)

Nigeria’s governors seek to make face masks compulsory in public

Nigerian state governors have asked President Muhammadu Buhari to approve the compulsory use of face masks in public as confirmed coronavirus cases rise, according to a letter seen by Reuters on Saturday.

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The Senate has described as “erroneous” report that it approved fresh loan of N850 billion at the plenary on Tuesday.

Senate calls for quick diversification of economy, frowns against high cost of oil production

The upper chamber of the National Assembly has called on the federal government to quickly diversify the economy, following the high cost of oil production without commensurate result.

NMA: Nigerians may suffer if governors take over coronavirus management

The Nigerian Medical Association (NMA), has asked President Muhammadu Buhari not to allow states take full control of managing the COVID-19 pandemic saying Nigerians may suffer.
Secretary to the Government of the Federation (SGF) and Chairman of the PTF on COVID-19, Mr Boss Mustapha, who raised the concern on Thursday during the daily press briefing by the task force in Abuja.

Nigerian government says churches, mosques can reopen

The Federal Government has announced relaxation of restriction on gatherings in places of worship imposed as part of the guidelines to curb the spread of COVID-19 in the country.

Delta doctor abducted by gunmen in government hospital

Gunmen have abducted a resident doctor identified simply as Dr. Wisdom Iboyitete at Central Hospital, Ojobo in Burutu Local Government Area of Delta State.

Panic in Imo community as ‘herdsmen’ kill security operative

There is palpable fear in Umuanuma community in Aboh Mbaise Local Government Area of Imo State as suspected herdsmen murder a private security operative, Mr Hycinth Ikegwu, at about 6 am on Sunday while returning from work with his motorcycle.