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Economic Recovery and Growth Plan
President Muhammadu Buhari has welcomed the news of Nigeria’s exit from recession with cautious optimism, stressing that his administration will continue to drive the country’s economic growth by vigorously implementing the Economic Recovery and Growth Plan launched earlier this year.
The Minister of Finance, Mrs. Kemi Adeosun, on Monday confirmed the release of the sum of N350bn to Ministries, Departments and Agencies of the Federal Government for the implementation of capital projects contained in the 2017 budget.
The Federal Government will be willing to work with the British authorities to stimulate more direct private sector investments in Nigeria, the Minister of Budget and National Planning, Senator Udoma Udo Udoma, has said.
Vice President Yemi Osinbajo has said that the federal government Economic Recovery and Growth Plan which was launched by President Muhammadu Buhari, will continue to provide support to the private sector.
President Muhammadu Buhari has said that time has come for Nigeria to take its rightful place again in Cocoa production; to reduce over reliance on already shrinking oil revenues, adding that the continued decline of the commodity will no more be acceptable.
Chinese Ambassador to Nigeria, Dr. Zhou Pingjian, has called on the federal government to show greater commitment towards the improvement of friendly investment measures for Chinese investors.
The United Nations Industrial Development Organisation (UNIDO) is supporting Nigeria’s entrepreneurship development drive with a commitment of capacity strengthening for Small and Medium Enterprises (SMEs) in the country.
A few days ago, in reply to a tweet by Vice President Yemi Osinbajo (SAN), a Nigerian named Abubakar, wrote, “Working together is a sign of good leadership. The country needs both of you for the next six years and may the Almighty God grant him (President Buhari) good health.”
The National Association of Nigerian Students has expressed delight over the return of President Muhammadu Buhari to the country after a medical vacation in London.
Nigeria has started a $41bn railway expansion to reduce dependence on oil and diversify its struggling economy by improving transport links to allow the movement of goods around the country and to ports.
The Lagos Chamber of Commerce and Industry (LCCI) says the announcement of the 63 companies allegedly involved in the non-remittance of N30 trillion revenue to the federal government might discourage investment.
The Lagos Chamber of Commerce and Industry has advised the National Assembly to apply greater discretion while exercising its investigative powers so as to avoid distraction to private sector players, erosion of investors’ confidence and collateral damage to the economy.
The Minister of Budget and National Planning, Udoma Udo Udoma, on Thursday, promised that the Federal Government would do everything within its power to ensure that the 2018 Appropriation Bill is submitted to the National Assembly in October as earlier promised.
Acting President Yemi Osinbajo, members of the Federal Executive Council alongside Permanent Secretaries and heads of Ministries, Departments and Agencies held a retreat at the State House Conference Center, Abuja.
The federal government said it has lifted the administrative suspension on processing Pioneer Status Incentives (PSI) applications, following the conclusion of critical reforms to the incentive regime.
The Bank of Industry (BoI) has disbursed a fresh N21 million loan to 438 traders in Bauchi State.
The Minister of Budget and National Planning, Senator Udo Udoma, on Thursday said that the country is already moving out of economic recession.
The Minister of Communications and Digital Economy, Dr Isa Pantami, has expressed delight as the Mobile Telephone Network (MTN) budgeted 1.6 billion dollars to invest in the Nigerian market within the next three years.
Despite the federal government’s effort on technology, Nigeria could not be ranked among 82 countries in the Global Social Mobility Index 2020.
Borussia Dortmund arguably pulled off the deal of the month when they signed RB Salzburg striker Erling Haaland.
The longest-running transfer saga of the January transfer window may finally be drawing to a conclusion after Manchester United reportedly agreed a deal for Bruno Fernandes.
Brendan Rodgers insists Leicester were the “better side over the two games” as Trezeguet scored an injury-time winner to send Aston Villa to Wembley after a 2-1 win.
The fire gutted Sabo market in Sagamu, Ogun State early Tuesday morning.
Chelsea manager Frank Lampard is facing an anxious wait to learn how long England striker Tammy Abraham will be sidelined with his ankle injury.
Following the outbreak of a deadly virus known as Corona Virus in China that has since killed six people, with over 300 also reported to have been infected, the Federal Airports Authority of Nigeria, FAAN, yesterday said it has deployed thermal scanners in all airports that monitor the temperature of passengers and capture their pictures.
Nigerian Afro-fusion singer, Damini Ogulu, better known as Burna Boy, has lost the Best World Music Album trophy to Beninese ace singer, Angélique Kidjo, at the 62nd Grammy Award.
Residents of Ureje in Ado-Ekiti, Ekiti State, have bemoaned the deplorable state of Ureje Bridge connecting Ado-Ekiti to Abuja, and Ikare-Akoko in Ondo State.