Home » industrialisation

industrialisation

PDP salutes Governor Obaseki at 64

The Peoples Democratic Party (PDP) has congratulated Gov. Godwin Obaseki of Edo State as he marks his 64th birthday. The party, in a statement by its National Publicity Secretary, Mr Kola Ologbondiyan, in Abuja on Thursday described Obaseki as a courageous leader. He also described him as a brilliant technocrat, highly resourceful and ingenious administrator. The party spokesman said that Obaseki had continued to exhibit an exceptional commitment towards the unity, stability and development of not only Edo State but the nation at large. Ologbondiyan said that the PDP was proud of the outstanding achievements recorded by Obaseki in the development of Edo State, particularly in the critical sectors, in line with the manifesto of the party. The sectors, according to him, include infrastructur...

Akwa Ibom governor, former Kaduna senator urges leaders to learn vision from communist party of China

Akwa Ibom State Governor, Mr. Udom Emmanuel, has commended the Communist Party of China (CPC) for a laudable administration that transformed China into the global second largest economy. Emmanuel made the commendation as Special Guest of Honour at a symposium to mark the centenary of China’s governing party, the Communist Party of China, CPC, with the theme: “Communist Party of China at 100: Trajectories, Achievements and Prospects,” held at the Chinese Cultural Centre, Abuja recently. Emmanuel who was represented by his Chief of Staff, Mr. Ephraim Inyangeyen, said, China emerged over the years as a leading country in industrialisation, science and technology and information communication revolution, even adding that she is a major player in world trade, finance, commerce, aviation and int...

Minister: Nigerian government to scale up domestic gas expansion, monetisation drive

Minister of State, Petroleum Resources, Mr. Timipre Sylva, has stated that the federal government will continue to ramp up its current domestic gas expansion drive as well as its monetisation programme to increase the country’s supply of the much needed foreign exchange earnings. Speaking when he appeared virtually at the formal opening of the new headquarters of the Nigeria Liquefied Natural Gas Limited (NLNG) in Port Harcourt, Rivers State, the minister stressed that the company was expected to play a major role in achieving the objective. Sylva noted that the country’s gas reserves must be fully explored for the full benefit of Nigerians, noting that has remains a major game-changer for Nigeria, especially with the renewed attention to the commodity as a lower carbon energy source. “In ...

Minister: Nigerian government worried about rising unemployment rate

Minister of Interior, Ogbeni Rauf Aregbesola, has said the federal government is worried over the rising unemployment rate in the country. Speaking at the 2nd Shakeholders’ Meeting on Expatriate Quota Administration organized by the Citizenship and Business Department of the Ministry of Interior, the Minister said: “Anyone that is not worried about the unemployment rate in the country is not a patriot.” He lamented that the unemployment rate of 33 per cent released by the National Bureau of Statistics was indeed worrisome and a wake up call that something urgently needed to be done to keep Nigerians employed and drastically reduce the unemployment rate. The Minister, who called on all stakeholders at the meeting to ensure quality inputs were brought to the table that will lead to the produ...

Imo Assembly receives list of commissioner nominees

The Imo House of Assembly on Tuesday received a list of four nominees for ratification of their appointment as commissioners in the state Executive Council. The nomimees are Doris Uzoka, Bartholomew Okorochukwu, Boniface Nwogu and Uche Ohia. The Speaker, Paul Emeziem (APC-Onuimo), during plenary, read the names from a letter sent to the House by Governor Hope Uzodimma. The speaker referred the list of the nominees to a five-man ad-hoc committee, chaired by Obinna Okwara (APC-Nkwerre), for screening. He charged the committee to conclude the screening by Wednesday and report to the House. The House resolved to pass a vote of confidence on the governor for his “monumental achievements” in his one year in office. The motion was moved by Eddy Obinna (APC-Aboh Mbaise) who said the governor has p...

Minister: PIB will address production sharing contracts issues on gas

The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Petroleum Industry Bill (PIB) currently before the National Assembly will resolve the issues under the Production Sharing Contracts (PSC) on gas. Sylva made this known at a National Assembly Public Hearing organised by the Joint Committee on Gas Resources, Petroleum Resources, Upstream and Downstream, on Monday, in Abuja. The hearing was on the topic: “Inclusion of Gas Terms in Production Sharing Contracts by the Nigerian National Petroleum Corporation (NNPC).” He said that issues on gas terms was not captured under the PSC especially with the commercial aspect. “Issues on gas terms was not captured in the PSC because at the time, the offshore was just a frontier territory, today, it is no longer frontier, it is a...

Nigerian government announces additional economic zones for agric, textile

The federal government has approved the expansion of the existing Free Trade Zones (FTZs), as well as the activation of existing ones to respond to the demands of the African Continental Free Trade Area Agreement (AfCFTA) and the COVID-19 pandemic. The Managing Director, Nigerian Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba, who disclosed this Wednesday, further identified the new economic zones to include Funtua FTZ Katsina for textile and cotton, Lagos FTZ for medical, as well as Kwara for agriculture. Speaking while receiving the leadership of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), led by Hajiya Saratu Iya Aliyu in his office, Adesugba said the move seeks to boost the industrialisation agenda of the present admi...