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...
LAGOS — The Federal Government on Thursday began the digitisation of the Conditional Cash Transfer (CCT) process in Lagos, so as to enhance the programme. Mrs. Yetunde Arobieke, the Lagos State Commissioner for Wealth Creation and Employment, said the digitisation would make payment to beneficiaries easier. Arobieke spoke at the flag-off of the Distribution of ATM Cards and Activation of Personal Identification Numbers (PINs) to Lagos State Conditional Cash Transfer Beneficiaries. She said that digitisation...
By Handel Patrick (Staff Reporter) AWKA — In what could be described as a move to increase the Anambra State’s internally generated revenue, Governor Chukwuma Soludo has ordered all wheelbarrow pushers, tricyclists, and motorists operating in the State to register with the state government. Soludo also directed all private motor park owners in the state to revalidate/recertify their parks before June 28 or face prosecution when enforcement would expectedly commence. This was contained in a...
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,...
African Export Import Bank (Afreximbank) has disbursed 150 million dollars to First Bank of Nigeria Ltd., under it’s Pandemic Trade Impact Mitigation Facility (PATIMFA). Group Head, Marketing and Corporate Communications, FirstBank, Mrs. Folake Ani-Mumuney, said this in a statement on Monday in Lagos. According to the statement, the President and Chairman of the Board of Directors of Afreximbank, Prof. Benedict Oramah, said the disbursement was further proof of the relevance of the programme in helping...
Afrobeats award-winning artist, Adedamola Adefolahan, known professionally as Fireboy DML, has inked a new endorsement deal as the latest ambassador for Tecno Mobile. The smartphone brand unveiled the YBNL Nation artiste whose latest single, Playboy is currently making waves in the country as the brand ambassador for Spark, a Tecno smartphone model, on Wednesday. FIRE et SPARK Welcome the one and only @Fireboydml to the #SPARK family – The SPARK AMBASSADOR Did you guess right? #SPARKxFireBoy...
