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Incentives

Woman ride bikes on a street, following the outbreak of the coronavirus disease (COVID-19), in Shanghai, China May 10, 2021. REUTERS-Aly Song

China demographic crisis looms as population growth slips to lowest ever

China’s population grew at its slowest since the 1950s as births declined, sowing doubt over Beijing’s ability to power its economy as it succumbs to the same ageing trends afflicting developed nations like Japan.
All Progressives Congress (APC) Nigeria

Benue: Decamped ward chairmen were already suspended – APC

The All Progressives Congress, APC, in Benue has reacted to the defection of some of its ward chairmen in Makurdi local government saying some of those who defected had already been suspended for anti-party activities and other inappropriate acts deserving disciplinary actions.

Plateau council chair asks Nigerian government to give incentives, light weapons to vigilante group

The Executive Chairman of Langtang North Local Government Council of Plateau State, Hon. Ubandoma Joshua Laven, has appealed to Federal Government to provide incentives and grant Vigilante Group of Nigeria license to carry light weapons in the fight against kidnapping and banditry in the country.
Ogun Governor, Prince Dapo Abiodun, has set up a committee that will develop guidelines for a safe reopening of schools for students at the final year or transition classes in the State.

IGR: Ogun targets over N100 billion in 2021

Despite the decline in its Internally Generated Revenue (IGR) last year due to the effect of COVID-19 pandemic, Ogun State government says it has perfected plans to generate over a hundred billion naira as IGR in 2021.
4. President Muhammadu Buhari has expressed deep concern over the ‘mercilessness of some Nigerians’ to the course and development of the country.

President Buhari: Some citizens are mercilessly against Nigeria

President Muhammadu Buhari has expressed deep concern over the ‘mercilessness of some Nigerians’ to the course and development of the country.
The Nigerian Economic Summit Group (NESG) has advised the Federal Government to always consider its economic policy choices, before taking decision, in order to FastTrack economic growth, its recently launched 2021 Economic Outlook has said.

Food scarcity: Why President Buhari must assent to PVP bill now – experts

The Nigerian Economic Summit Group (NESG) and the National Agricultural Seeds Council (NASC) in collaboration with the Alliance for a Green Revolution in Africa (AGRA) have called on President Muhammadu Buhari to assent to the Plant Variety Protection (PVP) Bill now, stressing that it will unlock potentials across Nigeria’s Agricultural ecosystem while protecting farmers.
The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala-Usman, says the agency has earmarked N807 million for the rehabilitation of a portion of its building that was burnt during the #EndSARS protests in the country.

#EndSARS: Lagos supports affected businesses with N940 million

Lagos state government says it disbursed N939.98 million to 1,835 beneficiaries under its micro, small and medium enterprises (MSMEs) recovery fund.
Nigeria Export Processing Zones Authority (NEPZA)

NEPZA mulls export accelerator programme for SMEs

The Managing Director/Chief Executive, Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba, has said he is prepared to canvass for the adoption of export business accelerator programme to speedily integrate the country’s small and medium scale enterprises (SMEs) into the Special Economic Zones (SEZ) scheme for the benefit of the country.
Ondo State Government has distributed 10,000 rat poisons to residents of Ogbese in Akure North to kill rats in the community to curb the spread of Lassa fever.

Nigeria records 50 Lassa fever-related deaths as infections soar

At least 50 persons have died from Lassa fever in Nigeria, even as the country is still grappling with the scourging COVID-19 pandemic.
In a demonstration to tackle the menace of ghost workers that has continue to drain the coffers of government, Bauchi State Governor, Sen Bala Abdulkadir Mohammed will hold a public parley with all the stakeholders involved in the payment of workers salaries in the state.

Bauchi governor faults NNPC zero remittance to FAAC

Bauchi State Governor, Senator Bala Mohammed, yesterday warned that Nigeria will be in chaos and financial hardship if the NNPC does not rethink its decision to make zero remittance to the Federation Account in April because of the need to defray the cost of petrol subsidy.

Nigerian government sets guidelines for states’ debt management operations

The federal government has released guidelines for the legal framework for states’ debt management operations for the achievement of the disbursement-linked indicator (DLI) under the States’ Fiscal Transparency Accountability and Sustainability (SFTAS) Programme of the central government.

FUOYE governing council sacks registrar

The Governing Council of the Federal University Oye-Ekiti (FUOYE) has sacked the university’s Registrar, Mr. Olatunbosun Odusanya.
The Senate President, Ahmad Lawan, has said that for appreciable development to take place in the country, more women must be regarded and enlisted to take up more spaces in governance.

Senator Lawan: Senate will pass PIB in May, Electoral Bill in June

The President of the Senate, Ahmad Lawan, has said the National Assembly would pass the Petroleum Industry Bill (PIB) and the Electoral Amendment Bill in May and June, respectively.
The University Graduates of Nursing Science Association (UGONSA) has called on the Federal Government to reconsider its plans to scrap internship position as a post that attracts grade level in the civil service.

Nigerian government urged to reconsider scrapping internship programme for nurses

The University Graduates of Nursing Science Association (UGONSA) has called on the Federal Government to reconsider its plans to scrap internship position as a post that attracts grade level in the civil service.
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.

Wheat farmers bemoan $6.1 billion annual import, laud CBN restriction on forex for importers

According to him, Nigeria consumes 5 million metric tons of wheat per annum, while a meagre 420,000 tons is produced locally. He said that in view of numerous challenges that plagued local production, the policy would enable the government to unlock the unrealised potentials in the wheat sub-sector.
The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo, has said the Federal Government will welcome long-term agribusiness activities coming from Russia to Nigeria.

Minister laments decline in Nigeria, South Korea’s trade

The Minister of Industry, Trade and Investment, Mr. Niyi Adebayo, yesterday expressed concern over the decrease in volume of trade between Nigeria and South Korea.
The Senate President, Ahmad Lawan, has said that for appreciable development to take place in the country, more women must be regarded and enlisted to take up more spaces in governance.

Senate seeks policies to encourage local investors in cement production

The Senate has called on the federal government to provide more industrial incentives and protections such as concessionary loans and larger tax incentives for new entrants into the local cement production with a view to boosting production, reduction of price and encouragement of more valuable producers in the country.

The South West presidential hopefuls

Most of the politicians whose names have been mentioned in connection with Nigeria’s 2023 Presidential election, either as a hopeful or an aspirant would readily tell you it is too early to talk about the next election. Don’t buy that.
The committee is chaired by Prof. Akpan H. Ekpo, a former Director General of the West African Institute for Financial & Economic Management (WAIFEM), with Prof. Emmanuel Onwioduokit, HOD of Economics at the University of Uyo as Secretary.

Experts: Inflation rate may rise beyond control

With food inflation at over 23 per cent, analysts have raised concerns on the spate of the rising inflation as they envisaged a further rise in prices in the second quarter on poor weather conditions and insecurities in the country.
The Ekiti State Commissioner for Agriculture, Olabode Adetoyi, said yesterday that the state government had begun the implementation of the state anti-grazing law with a view to avert farmers’ herders crisis and as well ensure security.

Official: Ekiti to begin massive rice production soon

The Commissioner for Agriculture and Food Security in Ekiti, Dr Olabode Adetoyi, says the state government is concluding plans to institutionalise rice pyramid programme in the state.

Kano consumer protection agency seizes N1 billion fake drugs

The Kano State Consumer Protection Council (KSCPC), has seized over N1 billion worth of fake drugs and unwholesome foods across the state in the past three months of the year.

IMF urges governments to prioritize health care spending

The International Monetary Fund (IMF) has said while the pandemic continues, governments’ policies should first focus on escaping the crisis, prioritizing health care spending, providing well-targeted fiscal support, and maintaining accommodative monetary policy while monitoring financial stability risks.

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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 to represent Nigeria at Ugandan presidential inauguration

Vice President Yemi Osinbajo will represent Nigeria at the sixth inauguration of President Yoweri Museveni of Uganda.
Lagos State Governor, Babajide Sanwo-Olu, has approved the resumption of all Public Servants on GL 1 -12 with effect from Monday, November 2, 2020.

Lagos recovers N50 million over fraudulent real estate activities

The Lagos State Government on Tuesday said it had recovered more than N50 million from parties involved in illegal real estate transaction activities.
The Deputy Governor, Dr Manassah Daniel Jatau, stated this when the Nigerian Governors’ Forum (NGF) rose from its meeting on Wednesday at the NGF Secretariat in Abuja.

Gombe eyes World Bank loan to address erosion at Federal College

The state’s Deputy Governor, Manassah Jatau, made the declaration in Gombe on Tuesday when a Presidential Visitation Panel, led by Prof. Kenneth Okiongbo, visited the school.
In a demonstration to tackle the menace of ghost workers that has continue to drain the coffers of government, Bauchi State Governor, Sen Bala Abdulkadir Mohammed will hold a public parley with all the stakeholders involved in the payment of workers salaries in the state.

Bauchi traffic agency to enforce ban on commercial motorcyclists – chairman

The Bauchi State Road Traffic Agency (BAROTA), on Tuesday, reiterated that activities of commercial motorcycle riders, popularly known as ‘Okada’ or ‘Achaba’, remained banned in the state.

South Sudan faces its worst food security crisis as humanitarian aid dwindles

An African regional organisation said about 60 per cent of people from South Sudan are facing “their worst food security” and nutrition crisis since the country became independent a decade ago.

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In his first interview since arriving in South Africa, newly-appointed Bafana Bafana coach Hugo Broos has elaborated on how he plans to get the best out of the team.

Bafana Bafana coach: South African assistant will know the players better than me

In his first interview since arriving in South Africa, newly-appointed Bafana Bafana coach Hugo Broos has elaborated on how he plans to get the best out of the team.
Ace Magashule, the secretary general of South Africa's ruling African National Congress addresses University students during a protest outside Luthuli house, the ANC headquarters in Johannesburg, South Africa, March 11, 2021. REUTERS-Siphiwe Sibeko

Suspended ANC official: I am not going anywhere

The secretary general of South Africa’s ruling African National Congress (ANC) who has been suspended by the party over corruption charges told the state broadcaster on Friday “I am not going anywhere” and said he was being treated unfairly.

NCC: 5G will positively impact Nigeria’s digital economy

The Chairman, Board of Commissioners of Nigerian Communications Commission (NCC), Prof. Adeolu Akande, has stated that the full deployment of 5G technology in the country would have positive impact on Nigeria’s digital economy.
A woman wearing a protective face mask, amid the coronavirus disease (COVID-19) pandemic, walks in a local shopping street in Tokyo, Japan, May 7, 2021. REUTERS-Kim Kyung-Hoon

Japan extends coronavirus emergency in Tokyo

Japan extended on Friday a state of emergency in Tokyo and three other areas until the end of May to stem a surge in novel coronavirus cases, but Prime Minister Yoshihide Suga reiterated that it was still possible to host the Tokyo Olympics just months away.
FILE PHOTO - British academic Matthew Hedges, who has been jailed for spying in the UAE, is seen in this undated photo supplied by his wife Daniela Tejada. Photo supplied on November 23, 2018. Daniela Tejada-Handout via REUTERS

British academic sues UAE officials over assault claims

A British academic, who was detained in the United Arab Emirates two years ago on spying charges, has launched legal action against a number of senior officials from the Gulf state, accusing them of assault, torture and false imprisonment.