The Minister of Agriculture and Rural Development, Mr Sabo Nanono, said on Tuesday in Abuja that Nigeria would hopefully begin exporting rice to other countries in the next two years. Nanono hinted this in a statement issued on his behalf by Mr Theodore Ogaziechi, the Director of Information in the ministry. The statement quoted the minister as saying that the border closure by the federal government had resulted in increased output of local rice by...
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. Pantami disclosed this in a statement signed by Mrs Phil Oshodin, Director Press and Public Relations, on Tuesday in Abuja, when MTN paid him a courtesy visit in the ministry ‘s headquarters. He pointed out that Federal Government was committed to...
Lagos State Government has announced the restriction and ban of commercial motorcycles (Okada) and tricycles (Keke) in six local government areas of the state with effect from Feb. 1. The Commissioner for Information and Strategy, Mr Gbenga Omotoso, made this known in Ikeja while addressing newsmen after the State Security Council Meeting. ”The extant Transport Sector Reform Law 2018 bans the operation of Motorcycles (Okada) and Tricycles (Keke) in some local governments areas and Local...
The Central Bank of Nigeria (CBN) is committed to promoting tomato value chain to meet the need of Nigerians and address the shortfall of about 1.2 million tonnes valued at about 2.5billion dollars annually. The CBN Governor, Mr Godwin Emefiele, disclosed this at the Ground-Breaking ceremony of Tomato Jos at Kangimi community in Kaduna on Monday. Tomato Jos is an American owned company aimed to transform smallholder farmer from subsistence growers into commercial producers. The...
Anambra State Government says it has concluded arrangements to pay N30, 000 as the new minimum wage for workers in the state beginning from January, 2020. The decision was arrived at after series of meetings and discussions between the state government and Joint Public Service Negotiating Council (JNC) on the payment of new minimum wage to public sector workers on Friday. The Secretary to the State Government, Prof. Solo Chukwulobelu, told newsmen after the meeting...
Gov. Willie Obiano of Anambra has restated his commitment to the construction of roads leading to the proposed Anambra Airport at Umueri, Anambra East Local Government Area. Obiano gave the assurance on Friday when he inspected the dual-carriage road leading to the airport from Nteje in Oyi Local Government Area. While commending the level of work, Obiano, who was accompanied by the Commissioner for Works, Mr Marcel Ivejiofor, commended Kanubeen Construction Company Ltd handling the...
The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the bank is not contemplating devaluation of currency following the drop in the country’s foreign reserves. Emefiele stated this while fielding questions from journalists after the Monetary Policy Committee (MPC) first meeting in 2020 held in Abuja on Friday. He said though, the drop in the Foreign Reserves was noticeable but the apex bank would not make any currency adjustments because of this...
The Minister of Information and Culture, Alhaji Lai Mohammed says Nigeria music revenue is projected to hit 86 million dollar (about N3.096 billion) in 2021, making it the biggest in Africa. The minister gave the projection on Thursday in Madrid, Spain at the 11th edition of the Tourism Investment and Business Forum for Africa (Investour) organised by the United Nations World Tourism Organisation (UNWTO) and CASA Africa. News Agency of Nigeria (NAN) reports the forum is on...
By way of definition, Industrial Internet of Things (IIoT) is an extension of the internet and other connection protocols to devices or “things” while affording them a higher degree of computing and analytical capabilities. The Internet of Things (IoT), artificial intelligence and big data will make people more aware of their world. As a direct consequence, the Industrial Internet of Things (IIoT) will begin to see widespread adoption in the services sectors of the Oil...
The Board of Directors of the African Development Bank has approved a $20 million investment in the Metier Sustainable Capital International Fund II, which channels funds to renewable energy and resource-efficient infrastructure projects across Sub-Saharan Africa. The Bank’s funding will contribute to production of an additional 178.5 megawatts of renewable power for commercial and residential use. It will also create opportunities for industrial waste water treatment and waste-to-energy generation. The Fund will meet the Bank’s strict environment...
