Sectors
CBN governor seeks PPP model to improve healthcare infrastructure
Bloomberg The Central Bank of Nigeria (CBN) has urged stakeholders in the public and private sectors to collaborate to build a more healthy and robust healthcare infrastructure in Nigeria. The CBN Governor, Mr Godwin Emefiele, made the call at a movie launch titled: “UNMASKED”, a feature documentary on leadership, trust and the COVID-19 pandemic in Nigeria. The movie was produced and directed by Mr Femi Odugbemi, a Nigerian documentary filmmaker, and co-produced by Ms Kadaria Ahmed, a renowned journalist, media entrepreneur and television host, on Friday in Lagos. According to Emefiele, addressing the public health crisis along with the downturn in the economy required strong coordination. He said the measures and interventions put in place by the CBN and private sector to improve governme...
CBN governor vows to block maize importation
Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele on Thursday vowed to resist importation of maize as Nigerians have the capacity and capability to grow the crop locally to meet consumption demand. On that note, he has urged youths across the country to embrace agriculture, declaring the bank’s readiness to support those ready to venture into it. Emefiele made the declaration in Katsina at the unveiling of the first maize pyramid and flag-off of the 2021 maize wet season farming under the CBN-Maize Association of Nigeria (MAAN) Anchor Borrowers’ Programme. He averred that Nigerian youths could leverage their talents, along with technological tools to improve farm productivity and delivery of agricultural produce to markets. While noting that agriculture offered significant benefi...
BudgIT: Over 315 capital projects duplicated in 2021 budget
BudgIT BudgIT, a civic-tech non-profit organisation, says it has uncovered 316 duplicated capital projects worth N39.5 billion in the 2021 budget. In a statement, Iyanu Fatoba, communications associate at BudgIT, said the organisation’s findings is contained in its publication titled, “Demanding Budget Reforms for Resource Optimization”, released on Tuesday. On December 31, President Muhammadu Buhari signed the 2021 appropriation bill of N13.588 trillion into law. The signing was done more than a week after federal lawmakers passed the budget and raised its total sum by N508 billion. Speaking on the report, Gabriel Okeowo, BudgIT’s CEO, said out of the identified 316 duplicated projects, 115 are in the ministry of health. He said the development is “very disturbing” as the country is battl...
Ex-President Obasanjo: Investment in agric will curb youth restiveness
Former president Olusegun Obasanjo, has advised the Federal Government to invest sufficiently in agriculture as a strategy to curb youth restiveness in the country. Obasanjo, who spoke yesterday in Abuja, at the flagged off of new tractors to boost farm mechanization in the country, said agriculture stands in good stead in boosting the country’s earnings. Represented by the Emir of Keffi, Alhaji Shehu Chindu Yamusa, he said: “investment in Agriculture is key to sustainable economic growth and development. Agriculture is the only way to engage the youth and make them productive.” He hailed the All Farmers Progressive Association for the laudable project of contributing significantly to alleviate the sufferings of Nigerians through sustainable modern agro technology. Meanwhile, President of ...
Minister: Nigeria needs N1.89 trillion to eradicate malaria
The federal government has said that it will require N1.89 trillion to successfully implement the new five-year strategic plan aimed at eradicating malaria in Nigeria. It said that about N352 billion out of the amount is required for the year 2021 programme implementation. In his address to mark this year’s World Malaria Day, the Minister of Health, Dr. Osagie Ehanire, said the target set out in the National Malaria Strategic Plan of 2021 to 2025 is to achieve less than 10 per cent parasite prevalence and reduction in mortality attributable to malaria to less than 50 deaths per 1,000 live births by 2025. He said: “The implementation of the New Strategic Plan will cost N1.89 trillion. About 63.1% of the total amount will be used to support Chemoprevention, diagnosis and treatment, while 35....
Cross River agency chief calls for legislation to back labour migration
The director-general, Cross River Migration Control Agency, Prince Michael Nku Abuo, has called for enactment of a legislation to back labour migration in order to engender national development. Abuo made the call at the Cross River State Migration Summit held in Calabar, the state capital on Saturday. The DG, who also represented the state governor, Prof. Ben Ayade, at the summit, pointed out that several solutions by both federal and state governments have been given to address the issue of unemployment in order to curb the challenge, but the way forward is to tackle the menace was through labour migration. According to him, Cross River Migration Control Agency was exploring and advancing for opportunities for citizens of the State who are at home and in the Diaspora under a work study p...
Nigerian government virtually inaugurates seven digital economy projects in five zones
The Federal Government on Friday in Abuja virtually inaugurated seven Information Technology (IT) projects located in five geo-political zones of the country. The Minister of Communications and Digital Economy, Dr Isa Pantami, said at the event that they were part of efforts to consolidate on implementing the National Digital Economy Policy and Strategy (NDEPS). Pantami said that the projects were in line with President Muhammadu Buhari’s key agenda, which included economic development, security and fight against corruption. Newsmen report that the projects were actualised by parastatal agencies under the Ministry of Communications and Digital Economy. The projects commissioned included a Community ICT Centre in Dutse, Jigawa, for North West; an IT Hub at Abubakar Tafawa Balewa University,...
Kim Jong Un: North Korea facing its ‘worst-ever situation’
Kim Jong Un says North Korea is facing its “worst-ever situation” and called on “grassroots” members of the ruling Workers’ Party to be more proactive and responsible in carrying out the country’s new five-year economic plan. The comments, reported by state media on Wednesday, came as experts warn Kim is facing perhaps his toughest moment as he approaches a decade in rule, with North Korea’s coronavirus lockdown unleashing further shock on its sanctions-battered economy. North Korea’s official Korean Central News Agency said Kim made the comments during an opening speech at a meeting of the Workers’ Party’s cell secretaries on Tuesday. “Improving the people’s living standards … even in the worst-ever situation in which we have to overcome unprecedentedly numerous challenges depends on the ...
APC chieftain writes on ’21 political lies in Nigeria’
A chieftain of the All Progressives Congress in Kwara State, Akogun Iyiola Oyedepo, says his book on “21 political lies in Nigeria” is to educate the electorate on the antics of politicians during elections. Oyedepo said this on Monday in Ilorin while speaking at the presentation of the book. The News Agency of Nigeria reports that the 21 chapter, 140 pages book chronicled many lies told by politicians to win votes during campaigns. According to Iyiola, the book is targeted mainly to educate the electorate on how to vote for candidates seeking their franchise, adding that if the electorate votes wrongly, it will live with them for another four years. He said: “I sat down and examined issues through which we win election and I discovered that some of these issues may be there. “They are imp...
Nasarawa government recommits to infrastructural development
Alhaji Yusuf Mada, the Special Adviser to Gov. Abdullahi Sule of Nasarawa State on Infrastructure, says the State Government is committed to the provision of infrastructure to improve the lives of the people. Mada stated this on Monday in Nassarawa Eggon while playing host to All Progressives Congress (APC) Wakama Ward stakeholders in Nassarawa Eggon Local Government Area of the state. The special adviser said the provision of infrastructure would also stimulate the state’s socio-economic activities, revenue base and the overall development of communities across the state. He said that the giant strides achieved by Sule was geared towards bringing the much needed dividends of democracy to the door steps of residents. “I want to commend you for the visit and to assure you of His Excellency,...
Ethiopia, Egypt and Sudan launch new Nile dam talks in DRC
A new round of African Union-mediated talks between Ethiopia, Egypt and Sudan has begun aimed at resolving a years-long dispute over a massive dam built by Addis Ababa on the Blue Nile, a main tributary of the Nile river. The three-day talks that kicked off on Saturday are taking place in Kinshasa, the capital of the Democratic Republic of the Congo, the current chair of the AU. Foreign and irrigation ministers of the three nations were attending the talks over the Grand Ethiopian Renaissance Dam (GERD), along with AU experts, according to Ethiopia’s Irrigation Minister Seleshi Bekele. A Sudanese diplomat was quoted as saying by The Associated Press news agency that the experts from the three countries and the AU met on Saturday, ahead of ministers who would meet on Sunday and Monday. He s...
Understanding the strength of small businesses
The number of small businesses keeps growing in the formal and informal sectors of the Nigerian economy, due to the role of small businesses as the live-wire of any economy and the backbone of major developed economies the world over. Though Nigeria rely majorly on oil and revenues derived from it, from context observation the economy is largely supported by small businesses covering almost all spheres of activities within the country, ranging from Nano, kiosk, and Micro businesses most importantly. A visible reference usually includes the vulcanizers, corner shop owners, single retail marketers, repairers, painters, business center operators, restaurants, market women, and men in the various open markets, among others. and the formal operations such as the law firms, accounting firms, con...