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Economic Recovery

NEPC chief: Nigeria to exit dependence on oil revenue in 10 years

The Executive Director/CEO of the Nigerian Export Promotion Council, NEPC, Mr Segun Awolowo, yesterday assured that given the steps being taken to improve the non-oil exports, Nigeria will exit its dependence on crude oil revenue in the next 10 years.

Stakeholders validate Nigeria’s 10- year SDGs’ implementation plan

As the global community accelerates efforts to achieve the global goals in the decade of action for the Sustainable Development Goals, stakeholders have validated a strategic implementation plan for the attainment of the development agenda in Nigeria.
Vice President Yemi Osinbajo has charged stakeholders in the oil industry to find a way of producing oil cheaper at the largest volume possible given the circumstances and future of oil itself and the country’s of requirements and needs.

VP Osinbajo: Nigeria to achieve 30 percent power supply from renewables by 2030

Vice President Yemi Osinbajo has disclosed that Nigeria was planning to have at least 30 per cent of its total electricity supply from renewable sources, majorly solar power in the next nine years
The Director-General, National Information Technology Agency (NITDA), Kashifu Inuwa Abdullahi, has described the African Continent as a centre with great potentials especially in the development and domestication of digital innovation.

NITDA: Proper local content regulation, catalyst for economic transformation

The Director General, National Information Technology Development Agency (NITDA), Dr. Kashifu Abdullahi, has said that proper regulation of indigenous content development and adoption is one of the strategic pillars transforming Nigeria’s economy, as well as putting the country on the right tract to achieving Digital Economy.
L-R- Flagging Off of the Extended Special Public Works Programme by the Lagos State Deputy Governor, Dr. Kadri Obafemi Hamzat

Nigerian government flags-off extended special public works programme in Lagos

After a protracted discussion among the stakeholders, the Federal Government today in Lagos finally launched the Extended Special Public Works (SPW) Programme (the 774,000 jobs) aiming at providing employment opportunities for the unemployed Nigerians.
President Muhammadu Buhari has directed the Minister of Finance Budget and National Planning, Mrs. Zainab Ahmed, and the Federal Inland Revenue Service (FIRS) to release statutory funds due to the National Agency for Science and Engineering Infrastructure (NASENI) to enable it function optimally.

President Buhari orders minister, FIRS to release funds to NASENI

President Muhammadu Buhari has directed the Minister of Finance Budget and National Planning, Mrs. Zainab Ahmed, and the Federal Inland Revenue Service (FIRS) to release statutory funds due to the National Agency for Science and Engineering Infrastructure (NASENI) to enable it function optimally.
FILE PHOTO: Traders from BGC Partners, a global brokerage company in London's Canary Wharf financial centre wait for European stock markets to open early June 24, 2016 after Britain voted to leave the European Union in the EU BREXIT referendum. REUTERS/Russell Boyce

Global stocks waver as coronavirus fears trump recovery hopes

Global stock markets wavered on Monday as soaring COVID-19 cases offset investor hopes of a quick economic recovery, even after data showing that the Chinese economy rebounded faster-than-expected in the fourth quarter of 2020.
The Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami, SAN,

AGF: 774,000 jobs to address unemployment rate among youths

The Attorney General of the Federation and Minister of Justice, Abubakar Malami, (SAN) has said that, the extended Federal Government Special Public Works Programme of 774,00 jobs opportunities to Nigerians was part of deliberate efforts and conscious strategies to address the ballooning population of unemployed youths and rising insecurity in some parts of the country.
The countries according to the Minister of Interior, Rauf Aregbesola, are China, Italy, Iran, South Korea, Spain, Japan, France, Germany, Norway, the United States of America, the United Kingdom, Netherlands and Switzerland.

Minister: Nigerian government’s special public works programme meant to tackle insecurity, unemployment

The Minister of Interior, Ogbeni Rauf Aregbesola, has disclosed that the Extended Special Public Works programme (ESPW) was conceived as a strategy to tackle growing unemployment and insecurity in the country.

Freight forwarders seek special loan scheme for expansion

Nwabunike said the association was looking forward to interfacing stronger with the Federal Ministry of Finance, the Central Bank of Nigeria (CBN) and the Bank of Industry (BoI) on the need for a special loan scheme to help logistics firms in expanding and maintaining fleet of heavy duty and lighter vehicles required beyond coverage of train services.
People wearing protective masks amid the coronavirus disease (COVID-19) outbreak, pray on the first day of the new year at the Meiji Shrine in Tokyo, Japan, January 1, 2021. REUTERS-Kim Kyung-Hoon

Coronavirus overshadows Japan’s New Year’s Day festivities

New Year’s Day is the biggest holiday in Japan’s calendar, but this year’s festivities have been subdued following record highs in new coronavirus cases nationwide and calls from the government to stay home.
Both Governor Simon Lalong and Senator Gyang have noted that the purported invitation for the turbaning of one Alhaji Samaila Abdullahi as Sarkin Kerana is a threat to the peaceful coexistence of the people of the North-Central State.

Plateau governor signs 2021 appropriation bill of N147.6 billion into law

Governor Simon Lalong of Plateau State has signed into law the 2021 appropriation bill of more than N147.6 billion.
President Muhammadu Buhari addressing the abducted students in Katsina, December 18th, 2020. Bayo Omoboriowo

President Buhari’s Christmas message to Nigerians — full text

I felicitate with our Christian brothers and sisters in particular and all Nigerians in general on this joyous occasion of Christmas 2020, commemorating the birth of Jesus Christ.
The Minister of State for Budget and National Planning, Clem Ikanade Agba, says to reduce the over 2.5 million acutely malnourished and stunted children, the Federal Government is implementing innovative policies and strategies that are appropriately funded, data-driven and sustainable.

Nigerian government solicits donor agencies support amid crisis

As the country grapples with myriad of humanitarian crises in history, the Federal Government has solicited for continuous support from international agencies to bridge the resource gap.
Vice-President Yemi Osinbajo says the Federal Government needs to revisit the National Broadcasting Commission (NBC) amendment of the broadcasting code. 2

VP Osinbajo: Nigeria needs $3 trillion to bridge infrastructural deficit

Vice President Yemi Osinbajo says three trillion dollars is needed to bridge the infrastructural deficit in Nigeria over the next 30 years.
Vice President Yemi Osinbajo.

VP Osinbajo: Nigeria needs $3 trillion to bridge infrastructure gap

The Vice President, Prof. Yemi Osinbajo, on Thursday, said Nigeria requires about $3tn over the next 30 years to bridge the infrastructure gap across the country.
President Muhammadu Buhari Thursday in Abuja said his administration was committed to creating more jobs with greater focus on youthful population through priority on agriculture, arts, entertainment, mining and Information Technology.

President Buhari: Job creation will cover agriculture, arts, entertainment, mining, ICT

President Muhammadu Buhari Thursday in Abuja said his administration was committed to creating more jobs with greater focus on youthful population through priority on agriculture, arts, entertainment, mining and Information Technology.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Central bank unveils special bills

The Banking Supervision Department of the Central Bank of Nigeria (CBN), on Wednesday, announced the introduction of Special Bills as part of its efforts to deepen the financial markets and avail the monetary authority with an additional liquidity management tool.
President Muhammadu Buhari has sent a message of felicitation to former Minister of Information and National Orientation, Professor Jerry Gana, as he clocks 75 years of age.

President Buhari hails Jerry Gana at 75

In a statement issued by his Special Adviser on Media and Publicity, Mr. Femi Adesina, the President hailed the one-time Director of the defunct Mass Mobilization for Social Justice and Economic Recovery (MAMSER), for his services to Nigeria and humanity in general.

Minister: 66% of Nigerian rural children can’t read, write

The Federal Government on Thursday gave a damning revelation that 66 per cent of Nigerian children in rural areas can neither read nor write.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

Recession: Nigerian government won’t recall 2021 budget – minister

Despite the country sliding into recession and pressure to tinker with its fiscal policies, the Federal Government will not retrieve or adjust the 2021 budget now being considered in the National Assembly.
Secretary-General of OPEC, Mr. Mohammed Barkindo

OPEC: Crude oil will remain relevant beyond 2045

Secretary General of the Organisation for Petroleum Exporting Countries, OPEC, Mohammad Barkindo, yesterday, disclosed that despite its current anaemic outlook, crude oil would continue to be relevant in the foreseeable future, up to 2045.

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NDLEA

NDLEA: Nigerian kidnappers now ask for ransom payment in drugs

Chairman/Chief Executive Officer of the National Drugs Law Enforcement Agency, NDLEA, Brigadier-General Buba Marwa (rtd) has expressed regret that the drugs abuse situation in the country is so bad that criminal elements especially kidnappers and armed bandits now ask for payment of ransoms in drugs.
Nigeria Naira

Minister: Unifying Naira’s exchange rate will take time

The total borrowing of the country as of 31 December is 21.6 per cent of the GDP. So, if we were not looking at adding the other category of loans that I mentioned, we don’t even need to increase that at this time As of 2019, the debt to GDP ratio was 19.2 per cent so only two per cent was added.
Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq made the announcement during a meeting with Governor Abdullahi Sule.

Minister inaugurates 259 monitors for N-SIP projects in Adamawa

The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq, has inaugurated training for 259 Independent Monitors to supervise Integrated National Social Investment Program (N-SIP) at community level in Adamawa state.
The Northern Governors Forum on Monday expressed support for proposals to regulate the social media to check the spread of fake news in the country.

Northern governors to wade into spat between Samuel Ortom, Bala Mohammed

The Northern State Governors Forum has expressed commitment to ending the nomadic grazing of cattle across the country as part of measures to resolve the herders-farmers conflict and end the activities of some criminal herdsmen.
The Ekiti State Governor, Kayode Fayemi, on Tuesday, briefed Mr Buhari on the limitations of the distribution of palliatives to vulnerable persons to curb the economic impact of the coronavirus.

Ekiti acquires computerised vehicle inspection equipment

The Ekiti government has acquired and installed a computerised vehicle inspection equipment to identify the level of road worthiness of vehicles in the state.

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The National President of the Senior Staff Association of Nigerian Universities (SSANU), Mohammed Ibrahim, says the union might embark on an industrial action if the Federal Government does not listen to their demands.

Strike: SSANU, NASU demand N20 billion as earned allowance

The ongoing strike by the Senior Staff Association of Nigerian Universities, SSANU, and the Non-Academic Staff Union of Educational and Associated Institutions, NASU, may only be called off if the government agrees to pay members of the two unions N20 billion as Earned Allowance.

MSF devises strategy to get medical care for Borno communities

Médecins Sans Frontières (MSF) otherwise known as Doctors Without Borders (DWB) has devised a strategy to take medical care to hard-to-reach areas in the volatile Borno State.
A Nigerian police officer holds a bunch of handcuffs in Abuja on October 3, 2020. Sodiq Adelakun-Channels TV

Police nab 15-year-old student suspect for ‘attempted kidnap’ in Niger

The Niger Police Command has arrested 15 year-old Samaki Azozo, a student of Government Science School Izom, over alleged attempt to kidnap students of the school in Gurara Local Government Area.
Super Eagles forward Victor Osimhen lost consciousness during Atalanta-Napoli and was rushed to the hospital, but according to Sky Sport the Napoli striker is now alert.

Super Eagles star loses consciousness after a fall in Serie A match

Super Eagles forward Victor Osimhen lost consciousness during Atalanta-Napoli and was rushed to the hospital, but according to Sky Sport the Napoli striker is now alert.
President Muhammadu Buhari has written formally to thank China for its support to Nigeria in defence matters and infrastructural development of the nation.

Plane crash: President Buhari condoles with NAF, victims’ families, orders investigation

President Muhammadu Buhari has expressed sadness over the crash of Nigerian Air Force (NAF) Beechcraft KingAir B350 aircraft on Sunday in Abuja, which claimed the lives of seven personnel.