Prices of staple food have continued to increase in Abuja and Nasarawa State, the News Agency of Nigeria reports. A NAN survey revealed that in Nasarawa and the FCT, residents are frustrated due to the price increase of staple food items. A trader in Kubwa market, Mr. Dini Suleiman, said a bag of beans previously sold for N27,000 was now sold for N49,000. Suleiman said a bag of Nigerian Rice previously sold for between N15,000...
ENUGU — The Federal Government has approved an indigenous company Ingrace Group to assemble vehicles in Nigeria. The CEO of Ingrace Group, Chief Onu, revealed this when he paid a courtesy visit cum presentation of a car to the state government on Wednesday at the Enugu State Government House, Independence Layout, Enugu. Onu who came into the company of his management team and some brands out of the 11 of their vehicles for inspection called...
Mr. Muhammad Saleh-Hassan, Chairman, Skymark Energy and Power Ltd, has urged oil marketers and other stakeholders in the energy sector, to cooperate with the Federal Government and end fuel scarcity in Nigeria. The energy stakeholder, who made the call in Abuja on Sunday, stressed that oil marketers had a major role to play in ending recurring fuel scarcity in the country. Saleh-Hassan noted that the energy crisis appeared to have defied government’s efforts, and urged...
The Organised Private Sector Exporters Association (OPEXA) has appealed to the National Assembly (NASS) to urgently ratify the approval of the N375 billion Export Expansion Grants (EEG) for exporters. In a report, the News Agency of Nigeria notes that the N375 billion represents the backlog of the EEG from 2017 to 2020, whose payment was delayed due to budgetary constraints. The Federal Executive Council (FEC) recently approved the disbursement in form of Promissory Notes, which...
LAGOS — Sen. Gbemisola Saraki, Minister of State for Transportation, has called for Public, Private Partnership (PPP) to create an enabling environment for the African Continental Free Trade Agreement (AfCFTA) to thrive. Saraki made the call at the Ministerial Consultative Meeting with the media on Friday in Lagos. Saraki said her visit to Lagos was to take stock of the state of the two ports in Lagos, which were in dire need of repairs. “For...
The Federal Government has trained farmers on modern techniques of groundnut farming to make the crop serve as an alternative source to oil export. Yusuf Isma’il Idris, NEPC Adviser in Gusau, who revealed this at a one-day workshop for groundnut farmers held in Maru local government of Zamfara state, said the move is to ensure that Nigerian crops meet international standards. Idris also said the Federal government had earmarked one farm product per state across...
By Handel Patrick (Staff Reporter) AWKA — The Commissioner for Youth Development and Creative Economy Hon. Patrick Aghadinuno Mba has disclosed Governor Charles Chukwuma Soludo’s commitment and determination to create one thousand youth millionaires annually in Anambra state. Mba who made the disclosure during an exclusive interview with our correspondent at the Government House, Awka said the Governor’s commitment to creating one thousand youth millionaires annually in Anambra is clearly captured in the 2022 revised...
ABUJA — The Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES), has urged the 36 states of the federation and the Federal Capital Territory (FCT) to accelerate the implementation of the programmes. Prof. Foluso Okunmadewa, the World Bank, Lead Specialist, Social Protection, and Task Team Leader for NG-CARES, made the call at a two-day implemention status review meeting with States’ Coordinators on Thursday in Abuja. The News Agency of Nigeria (NAN) reports that NG-CARES is...
Minister of Finance, Zainab Ahmed, has called for the removal of fuel subsidy, saying the retention was hurting the economy and impeding investments in human capital development. Ahmed who spoke on Tuesday in Abuja at the launch of the Nigeria Development Update (NDU) 2022 report by the World Bank, said N4.5 trillion spent on subsidies would have been invested in health and education. NAN quoted Ahmed explaining that if subsidy was not in the budget,...
The Federation Account Allocation Committee (FAAC) has shared a total sum of ₦636.6 billion for April 2022 Federation Account Revenue with the Federal Government, States, and Local Government Councils. This was contained in a communiqué issued at the end of a virtual meeting of the Federation Account Allocation Committee (FAAC) for May 2022. The Federal Government received ₦257.6 billion, the State Governments received ₦201.2 billion and the Local Government Councils received ₦149.2 billion. The sum...
