Economy
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Airlines to start paying passengers for delayed, cancelled flights starting next year — FG
The Federal Government of Nigeria says airlines will begin compensating customers for cancelled and delayed flights beginning in January 2024. Minister of Aviation and Aerospace Development, Festus Keyamo, announced this on Tuesday. Keyamo who appeared before the Joint National Assembly Committee on Aviation, Keyamo while defending the 2024 budget for his ministry, noted that as part of the compensation programme,…
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Otedola hails Dangote as $20billion refinery begins production
Billionaire Femi Otedola has congratulated Aliko Dangote for the commencement of production at the Dangote Refinery. Otedola in a post on his X page, said the commencement of the refinery is a “testament to the visionary leadership and relentless pursuit of excellence of one of Africa’s finest and most dogged patriots”. He said he witnessed all of efforts and sleepless…
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House of Reps pledges improved funding for solid minerals
The House of Representatives Committee on Solid Minerals Development has made a case for scaled up budgetary allocations to the Ministry of Solid Minerals Development for the 2024 fiscal year to bolster the mining sector’s contribution to diversification of the economy. In his opening remarks at the budget defence session of the Ministry of Solid Minerals Development, the Chairman, House…
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Lagos will position MSMES to meet AFCFTA goals- Sanwo-Olu
By Adeola Ogunrinde Lagos State Governor, Mr. Babajide Sanwo-Olu, on Tuesday, said his administration is committed to positioning Micro, Small and Medium Enterprises (MSMEs) to take advantage of the Africa Continental Free Trade Area, (AfCFTA). Sanwo-Olu said his government would provide a platform and expose MSMEs to skills required to accelerate their effectiveness to stimulate intra-African trade. He charged Nigerians,…
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UNIDO seeks NASENI collaboration on renewable energy solutions & industrial development of Nigeria
The United Nations Industrial Development Organization (UNIDO) is seeking the collaboration of National Agency for Science and Engineering Infrastructure (NASENI) to reduce energy poverty in the country via domestication of renewable energy solutions and to fast-track industrial development of the country. The Deputy Head, UNIDO Nigeria Office, Mr. Adekunle Olusile who led a delegation to visit the Management of NASENI…
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Maida excited at Nigeria’s success at World Radio Communications Conference 2023
The leadership of the Nigerian Communications Commission (NCC) is excited about Nigeria’s impressive performance at the ongoing International Telecommunications Union (ITU)’s World Radio Communications (WRC) Conference 2023, holding in Dubai, United Arab Emirates, where two Nigerians were elected into leadership positions, while some other delegates from the Commission were elected into Working Groups. Executive Vice Chairman of the Commission, Dr. Aminu…
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FG to partner World Bank in mining sector development
The Federal Government, through the Ministry of Solid Minerals Development, is exploring collaboration with the World Bank to unlock financing and technical support for the development of the mining sector. Speaking during a courtesy visit to the Minister, Dr. Dele Alake on Monday, World Bank Country Director for Nigeria, Shubham Chaudhuri expressed satisfaction with the renewed focus on development of…
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2024 Budget Proposal: BudgIT highlights alarming issues, discrepancies, calls for urgent review
BudgIT, a leading civic-tech organization promoting transparency, accountability, and effective service delivery in Nigeria, has raised concerns over the proposed 2024 Appropriation Bill presented to the National Assembly by President Bola Tinubu. Recall that in August 2023, BudgIT itemized ten plagues that the Tinubu administration should avoid in the 2024 budget and budget process to ensure value for money, curb…
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Sanwo-Olu set to present 2024 Appropriation Bill before Lawmakers Wednesday
All is set for Lagos State Governor Babajide Sanwo-Olu to present the long-awaited 2024 budget to the members of the State’s House of Assembly. WesternPost gathered that the governor is expected to present the budget before the lawmakers for consideration on Wednesday after several consultations with major stakeholders in the state. Unlike the 2023 budget presentation that occured in October…
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Our decisions on privatisation must resonate in Nigerians’ lives, Shettima tells NCP members
The Vice President, Senator Kashim Shettima, has charged members of the National Council on Privatisation (NCP) to ensure their economic decisions and reforms are reflected in the lives of Nigerians from all parts of the country. Specifically, he urged them to defy the way things were being done in the past in order to pave way for economic growth that…
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