Development
Development
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Osinbajo leads $1bn Timbuktoo Africa Innovation Foundation
Nigeria’s former Vice President, Professor Yemi Osinbajo has fully settled into continental development work as the High Representative of the Timbuktoo Africa Innovation Foundation. The foundation was set up by with Rwanda and six other African countries in January this year on the sideline of the World Economic Forum. The aim of the foundation is to invest $1billion dollars in…
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BREAKING: Tinubu approves establishment of Renewed Hope Infrastructure Development Fund
President Bola Ahmed Tinubu has approved the setting up of the Renewed Hope Infrastructure Development Fund. The fund is designed to bridge the gap in infrastructure deficit in the country. According to information made available to Westernpost, the infrastructure development fund will focus on infrastructure developments in road, rail, agriculture, the ports, and aviation sector. The fund which will be…
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FG to halt issuing license to miners without plans, says Alake
Kunle Sanni, Abuja The Minister of Solid Minerals Development, Dele Alake has affirmed the resolve of the federal government to foreclose the acquisition of mining licenses by prospective investors without requisite plans for local value addition. Speaking while playing host to members of the House Committee on Solid Minerals on an oversight visit to the ministry, Alake applauded the lawmakers…
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Water Projects: FG assures UNIDO of adequate collaboration
The Honourable Minister of Water Resources and Sanitation, Engr. Prof. Joseph Terlumun Utsev has assured the United Nations Industrial Development Organization (UNIDO) of the Federal Government’s readiness to collaborate and provide technical and infrastructural support for the success of UNIDO’s projects in the water sector. The Minister gave the assurance when he received the National Programme Officer of UNIDO, Dr Osu…
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FG orders 10,000 tractors as Deutsch Bank pours €995m into 774 LGs agric hubs
The Federal Government has signed an agreement with the Brazilian Government and German Deutsch Bank Group as financiers of a facility of 995 million euros for the Green Imperative Programme. The programme will provide mechanization hubs across the 774 local government areas in Nigeria when implemented, Minister of Agriculture and food security, Abubakar Kyari said in Minna Tuesday. “A memorandum…
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How Ewekoro LGA made Ogun first in non-oil revenue generation, Gov. Abiodun
Kolawole Olayinka, Abeokuta The presence of limestone in large quantities in Ewekoro Local Government is responsible for Ogun State contributing 36 out of the 38 per cent of revenue generated into the non-oil sector coffers of the Federal Government, Governor Dapo Abiodun has said. The governor made this known at the palace of the Olu of Itoriland, Oba Abdul-Fatai Akorede…
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Electricity: We are addressing the underlying problems, says Adelabu
The strategy adopted in solving the electricity challenges in Nigeria calls for going beyond temporary fixes to addressing the underlying problems, the Minister of Power, Adebayo Adelabu, has said. He made this clear at a recent meeting with members of the Forum of Commissioners of Energy in Nigeria. The Minister disclosed that now that there is a diagnosis and a…
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Youth Development: Minister charges corps members on new skills
The Minister of State for Youth Development, Mr Ayodele Olawande has charged corps members to equip themselves with market-driven skills while serving the country to secure their future The Minister gave the charge while on a working visit to the Asaya National Youth Service Corps, (NYSC), orientation camp, Kabba, Kogi state. He noted that acquiring new skills will empower them…
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Subsidy removal challenging but necessary for long-term prosperity, says Tinubu
The decision to remove the subsidy on Premium Motor Spirit (PMS) was challenging but premised on the need to ensure Nigeria’s long-term energy security and economic prosperity, President Bola Ahmed Tinubu has said. President Tinubu stated this on Tuesday in his keynote address at the opening of the 7th Nigerian International Energy Summit (NIES) at the Banquet Hall of the…
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Senate Commends NASENI on accelerated technology transfer
The Senate Committee on National Agency for Science and Engineering Infrastructure (NASENI) has commended the Agency for championing local content development of Solar-Powered smart irrigation, tricycles, electric motorbikes and others with accelerated technology transfer. The Chairman of the Senate Committee on NASENI, Senator Ezenwa Francis Onyewuchi, who led other members of the Committee on the oversight function visit to NASENI…
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