Finance
SERAP urges President Buhari to tell Nigerians spending plan for James Ibori loot, others
The Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “urgently direct Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning to disclose spending details of the $700 million looted funds reportedly recovered by the Federal Government in the past four years, including the list and location of projects completed with the money, as well as details of the contractors that executed the projects.” SERAP also urged him to “direct Mrs Ahmed to disclose how the government plans to spend the returned £4.2m Ibori loot, including details of planned capital expenditure, and whether there is any plan to ensure that the money and any future returned Ibori loot would be spent to achieve justice and effective remedies for victims of corruption in...
Rivers government seeks relocation of NIMASA cabotage department
The Governor of Rivers State, Nyesom Wike, has appealed to the Nigerian Maritime Administration and Safety Agency (NIMASA) to return its Cabotage Services Department to Port Harcourt. Wike made the appeal when the Director-General of NIMASA, Dr. Bashir Jamoh, visited him in Port Harcourt, recently. Wike said operations of the Cabotage Services Department of NIMASA used to be in Port Harcourt, Rivers State, but it was relocated to Lagos. The governor said in spite of his administration’s procurement of gunboats for security agencies, especially the Police and Navy to assist in the fight against piracy and ensure safety on the waterways for NIMASA’s businesses to thrive, the state did not get anything in return. He commended Jamoh for the initiative aimed at harnessing ocean resources as an ...
Kano council boss laments influx of illegal miners from Zamfara
Bashir Abdullahi Kutama, Chairman of Gwarzo Local Government Area in Kano State, has raised concerns over the influx of Zamfara-based miners into his locality for illegal mining operations. The Chairman raised the alarm during a town hall meeting on Thursday with representatives of security agencies, village heads, transport unions and sections of the public. The meeting was intended to streamline modalities to improve and strengthen security of lives and property in his area. Kutama told his audience that he had recently introduced a migrants registration system in all parts of the local government, directing traditional leaders to form security watch committees in their respective communities. He added that the local government management was taking adequate precautionary security measur...
Mukuru Partners with Thunes to Expand Footprint in Nigeria
/* custom css */ .tdi_3_6a6.td-a-rec-img{ text-align: left; }.tdi_3_6a6.td-a-rec-img img{ margin: 0 auto 0 0; } Mukuru has partnered with Thunes to expand its digital footprint across Nigeria. The fintech company expects this will streamline the process of cross-border money transfer through a single API connection, resulting in greater speed and operational efficiencies. “Our partnerships continue to be a source of both innovation and growth across our network, with our homegrown technology solutions continually evolving to meet the day-to-day needs of our customers,” says Mukuru CEO, Andy Jury. “We meet customers wherever they are, which today includes a variety of both physical and digital touchpoints across Africa, Europe and Asia.” This partnership with global payment netwo...
Nigerian government determined to eradicate poverty, unemployment – minister
The federal government has reiterated its determination to eradicate poverty as well as tackling unemployment in the country to the barest minimum, saying its many programmes designed to tackle the issues have had tremendous success. The government said the alarming rate of out-of-school children witnessed some years ago had considerably reduced due mainly to some of its initiatives, among which it said, was the National Home Grown School Feeding Programme. The government’s position came as it inaugurated an expanded committee on National Home Grown School Feeding Programme with a task on members to make meaningful contributions to stamp the problems out of the country. Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, speaking at the event i...
President Buhari seeks Senate’s approval to borrow $6.18 billion
President Muhammadu Buhari has sought the approval of the Senate to borrow $6.18 billion external loan to finance this year’s N5.6 trillion budget deficit. The president’s request is contained in a letter addressed to the President of the Senate, Dr Ahmad Lawan, and read by Lawan at Tuesday’s plenary. President Buhari said the proposed loan, which is equivalent of N2.3 trillion, is to finance the 2021 budget deficit of N5.6 trillion. According to the president, sourcing the loan will enable the federal government to fund critical infrastructural projects in transportation, health and education, among other sectors. Get more stories like this on Twitter You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you b...
President Buhari arrives Paris for Financing Africa Summit
President Muhammadu Buhari has arrived in Paris for the Financing Africa Summit. The president left Abuja Sunday for the summit which is being hosted by President Emmanuel Macron of France. According to Buhari’s spokesperson, Garba Shehu, the summit will draw major stakeholders in the global finance institutions and some Heads of Government, who will, collectively, discuss external funding and debt treatment for Africa, and private sector reforms. “During the visit, President Buhari will meet with the French President to discuss growing security threats in Sahel and Lake Chad region, political relations, economic ties, climate change and partnership in buoying the health sector, particularly in checking spread of Covid-19, with more research and vaccines. “Before returning to Nigeria, Pres...
Sustaining economic empowerment through financial inclusion, energy access
Financial inclusion and provision of sustainable energy is at a turning point in Africa’s largest economy, Nigeria. With a population of over 200 million, about 50 per cent of the total population live in rural areas, and only 39 per cent of those living in rural communities have access to electricity. This is in addition to over 40 per cent of the entire population who are financially excluded or underserved. However, the proliferation of digital financial services in Nigeria – powered largely by growth in fin-tech companies – has catalysed an unparalleled increase in the current number of people with access to formal financial services, while further opening up opportunities to address power supply challenges across rural communities; a major feat instrumental towards achieving the broad...
Imo governor dissolves executive council
The Imo state governor, Hope Uzodinma, on Wednesday dissolved his members of Executive council members. The Commissioner for Information and Strategy, Declan Emelumba, confirmed this to newsmen in Owerri. It was gathered by newsmen that the aim of the dissolution was to regig his administration to further achieve his numerous projects of the 3r, of rehabilitation, reconstruction and recovery. Some of the ministries mentioned to newsmen that were not affected included; the Information and strategy ministry, Ministry of Works, Ministry of Finance, Ministry Health, Ministry Youth, Ministry of Tourism, Ministry Technology and Ministry of Women Affairs. However, when newsmen contacted the State Commissioner for Information and Strategy, Declan Emelumba, he also confirmed it and said: “The gover...
Gombe eyes World Bank loan to address erosion at Federal College
Gombe State is considering taking a World Bank loan to tackle erosion at the Federal College of Education (Technical) Gombe. 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. Jatau said notwithstanding the fact that the school belonged to the Federal Government, the state government was considering taking the loan because its people benefited the most from the school. He said the state government had earlier intervened in erosion control in the school through the diversion of some major structures at the Mega Park located very close to the school. He said the government was doubling its efforts to ensure speedy completion of work at the erosion sites. Jatau stressed ...
