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Total loans by the Chinese government and affiliate agencies to Nigeria is about $3.121 billion and constitutes only about 3.94 per cent of Nigeria’s total public debt of $79.3 billion as of March 31, the Debt Management Office (DMO) has said.
Dr Mohammed Abubakar, the Minister of Environment. said the new National Forest Policy (NFP), recently approved by Federal Executive Council (FEC), would assist the country in managing and sustaining its vast forest resources.
The Federal Executive Council, FEC, yesterday ratified the President’s anticipatory approval for the release of 15.21 million Euros offshore and N1.708 billion onshore counterpart funding for the power deal with Siemens AG, signed by the Nigerian and German governments last year.
Expectedly, President Muhammadu Buhari Wednesday presided over his 10th virtual Federal Executive Council (FEC) which also had in attendance his Vice, Professor Yemi Osinbajo, and eight ministers physically present.
In reaction to his refusal to make a submission at an investigative hearing yesterday, the House of Representatives yesterday resolved after a brief meeting, to issue an arrest on the Acting Managing Director of Niger Delta Development Commission Interim Management Committee, Kemebradikumo Pondei, for contempt of the parliament.
The Federal Executive Council (FEC), on Wednesday, approved the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) with N12.66 trillion budget projection for each of the three fiscal years.
Senator Godswill Akpabio, the Minister of the Niger Delta Affairs, has reacted to what he called “a cornucopia of false, malicious, and libellous press interviews” granted by Ms. Gbene Joi Nuineh, the erstwhile Acting Managing Director of the Interim Management Committee, of the Niger Delta Development Commission, (NDDC) in some news and social media platforms and a “series of concerted vicious campaigns of calumny deviously orchestrated by her” against his person.
Vice President Yemi Osinbajo, Secretary to the Government of the Federation, Boss Mustapha, Chief of Staff to the President Ibrahim Gambari, National Security Adviser, Maj-Gen Babagana Monguno (retd), and nine ministers are also physically attending the meeting.
The People’s Democratic Party (PDP) has called on the Minister of Niger Delta Affairs, Senator Godswill Akpabio, to step down and allow investigation into alleged fraudulent practices at the Commission.
President Muhammadu Buhari will on Friday sign into law the revised 2020 budget passed by the National Assembly in June.
Hajia Zainab Ahmed, the Minister of Finance, Budget and National Planning, on Thursday presented the draft 2021 to 2023 Medium Term Expenditure Framework(MTEF) as well as the Fiscal Strategy Paper to the National Economic Council (NEC).
It also said no Nigerian school will participate in the West African Senior School Certificate Examinations earlier scheduled for August 5 to September 5.
President Muhammadu Buhari is currently presiding over the seventh virtual meeting of the Federal Executive Council (FEC) at the Council Chamber of the Presidential Villa, Abuja.
The Minister of Labour and Employment, Senator Chris Ngige, on Saturday told the Nigeria Employers Consultative Association, NECA, that the suspension of the Managing Director of the Nigeria Social Insurance Trust Fund, NSITF, Adebayo Somefun, and other top management staff followed due process.
The Minister of Justice, Abubakar Malami, has denied shielding from trial the 10 soldiers who allegedly killed three policemen in Taraba State while rescuing suspected kidnap kingpin, Wadume, from the police team.
The Minister of Information and Culture, Alhaji Lai Mohammed, says his ministry will create two million additional jobs within the next three years in line with the Buhari administration’s determination to move 100 million Nigerians out of poverty.
Huawei will stop making its flagship Kirin chipsets next month, financial magazine Caixin said on Saturday, as the impact of U.S. pressure on the Chinese tech giant grows. U.S. pressure on Huawei’s suppliers has made it impossible for the company’s HiSilicon chip division to keep making the chipsets, key components for mobile phone, Richard Yu, CEO of Huawei’s Consumer Business Unit was quoted as saying at the launch of the company’s new Mate 40 handset.
The Federal House of Representatives, in it’s oversight function, has uncovered many power projects, put together at the cost of N156 billion, that are being abandoned or are yet to be completed by the Transmission Company of Nigeria (TCN).
The Biafra Nations Youth League, BNYL, on Saturday, warned Miyetti Allah Kautal Haure not to allow the Fulani Security group to operate in the Southeast and Southsouth to avoid bloody confrontation by both groups.
Barely a week after President Muhammadu Buhari’s closest ally and nephew, Malam Mamman Daura, spoke against zoning of presidency ahead of the 2023 election, Kaduna Governor Nasir El-Rufa’i has said the next President should come from the South.
Mr Ibrahim Odumboni, Acting Managing Director, Lagos State Waste Management Authority (LAWMA), said the authority arrested 13 cart pushers and seized 29 carts for violating environmental laws of the state.
The Nigeria Centre for Disease Control (NCDC) says it is working hard to ensure that Nigerians have access to the coronavirus vaccines when available.
The Minister of Health, Dr Osagie Ehanire, says efforts are ongoing to develop innovative interventions to reduce COVID-19 case fatalities to below one per cent.
Governor David Umahi of Ebonyi State, yesterday stated that the ongoing International Airport at Onueke will commence operation by 2022.
The Federal Government expended about N523.3 million on school feeding programme during the lockdown against the coronavirus pandemic.
All Senior Secondary 3 students in Kwara would resume on Wednesday as the state government had distributed 65, 000 face masks to schools ahead of the resumption.