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Diversification

Report: Why Nigeria’s economic growth is slow

The decline in government revenues and the slow and uneven growth in key sectors of the economy are key factors in the stagnation of the nation’s economic development, an economic analysis conducted by the Centre for Democracy and Development (CDD) shows.

Obafemi Awolowo university mulls own airport to support aeronautic studies

The vice chancellor of the Obafemi Awolowo University, Ile-Ife, Osun State, has disclosed plans by the university to build its own airport within the campus to support its aeronautic programme.
President of the Senate, Ahmad Ibrahim Lawan, said on Tuesday that all standing committees of the upper chamber will be inaugurated on Wednesday.2

Senate urges economic diversification to boost forex

The Senate has advised the Federal Government to accelerate the diversification of the economy to improve the country’s foreign exchange (forex) earnings.
The Court of appeal sitting in Abuja has set aside the Governorship Election Petition Tribunal’s judgment which nullified Governor Gboyega Oyetola’s victory in the Osun governorship election.

Osun governor hails federal government’s diversification policy

Osun State Governor, Adegboyega Oyetola, has described the diversification policy of the Federal Government as one that is appropriate and on the right course.

Nigeria may explode if we don’t tackle unemployment now – minister

The Minister of Labour and Productivity, Dr Chris Ngige, has warned that Nigeria may explode sooner if unemployment in the country is not tackled urgently.

NEPC harmonises trade, information on goods

The Nigerian Export Promotion Council (NEPC) said it is simplifying trade procedures by harmonising the electronic business standards and the automation of information flow of goods and services along the supply chain.
President Muhammadu Buhari says Nigeria has very attractive investment opportunities with some of the highest “Returns-on-Investment’’. 3

President Buhari: Criminals abroad don’t represent Nigerian values

President Muhammadu Buhari on Thursday in Yokohama, Japan said that the few Nigerians abroad indulging in criminal activities do not represent the values of majority of the people of the country.
President Buhari at the event

Presidency: No ban, restrictions on importation of food items

The Presidency yesterday said that the Federal Government has neither banned nor restricted importation of food items into the country.

Congo Republic discovers more oil

The recent onshore discovery made in the Delta de la Cuvette deposit in the Republic of Congo is a game-changer for Congo and Africa. The discovery was announced on August 10th by SARPD Oil and PEPA, a Congolese consortium working as operators on the Block.
President Muhammadu Buhari has felicitated with all the 2019 Nigerian pilgrims over the successful completion of their Hajj rites and the Eid-el-Kabeer celebration.

President Buhari: Why I directed central bank to stop forex for food import

President Muhammadu Buhari says the directive to the Central Bank of Nigeria to stop providing foreign exchange for food importation was to improve agricultural production and attain full food security.
Adams Oshiomhole

Adams Oshiomhole: Despite economic growth, poverty level still high in Nigeria

There is still high rate of poverty in Nigeria despite government’s effort in pulling the country out of recession, the national chairman of the All Progressives Congress (APC), Adam Oshiomhole, has said.
This picture taken on Tuesday, July 17, shows trucks completely blocking a section of the Oshodi-Apapa Expressway at Second Rainbow inward Mile 2, and commercial buses driving against traffic.

OPS: Nigeria loses N6 trillion to Apapa gridlock

The Organised Private Sector (OPS) said Nigeria had lost about N6 trillion across the different sectors due to the Apapa gridlock and called for urgent infrastructure development at the Lagos ports.
All Progressives Congress (APC) Nigeria

APC NYL: We’re concerned about crisis in Ondo, Imo, Ogun, others

The All Progressives Congress (APC) National Youth League (NYL) at the weekend lamented over lingering disputes in some state chapters of the party.

LCCI sets agenda for President Buhari’s second term

The Lagos Chamber of Commerce and Industry (LCCI) says the quality of the nation’s infrastructure, policies and institutions are crucial to driving economic diversification.

Federal government moves to address low freight activities in Kano airport

The Federal Government on Thursday said it was set to proffer solutions to the challenges identified to be causing low airfreight activities at the Kano international airport.

HuCaPAN: Outsourced workers will get new minimum wage

Human Capital Providers Association of Nigeria (HuCaPAN), says its members will pay the new minimum wage of N30,000 and emphasised the need for a decent work environment in the country.
Mokgweetsi Masisi

Botswana’s Mokgweetsi Masisi promises job creation, better pay

Botswana’s President, Mokgweetsi Masisi, on Thursday pledged to prioritize job creation and better pay.
The Kaduna Electricity Distribution Company on Monday appealed to residents of Ibrahim Taiwo Road in Kaduna to bear with it over the power outage being experienced by the residents.

Expert: Energy diversification can boost development index, SDGs

Prof. Babatunde Rabiu, Director, Centre for Atmospheric Research, National Space Research and Development Agency (CARNASRDA) said diversifying energy could boost development and enable Nigeria attain the Sustainable Development Goals (SDGs) by 2030.

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Tammy Abraham runs to the Chelsea fans after his early goal. Nigel Keene-ProSports-REX-Shutterstock

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The Minister of State for Petroleum Resources, Mr. Timipre Sylva, yesterday disclosed that the federal government plans to conduct oil blocks bid rounds in 2020.

CSO asks President Buhari to sack minister over $62 billion debt statement

A Civil Society Organisation (CSO), the Accountable Leadership For Better Nigeria Initiative, ALBNI, has called on President Muhammadu Buhari to relieve the Minister of State for Petroleum Resources, Timipre Sylva, of his duties over claims by the latter that debt owed the federal government by the International Oil Companies, IOCs, would be difficult to recover legitimately.
Monalisa Chinda-Coker

Nollywood diva Monalisa Chinda harps on actors’ welfare

Veteran Nollywood actress, producer and TV personality, Monalisa Chinda, has called for improved welfare and better working environment for Nigerian actors.
A Federal High Court in Lagos has ordered the interim forfeiture of two properties in Ikoyi, Lagos, belonging to former Senate President, Dr. Bukola Saraki. 6

Senator Saraki’s Ikoyi houses under forfeiture — in pictures

A Federal High Court in Lagos has ordered the interim forfeiture of two properties in Ikoyi, Lagos, belonging to former Senate President, Dr. Bukola Saraki.