Economy
-
FG trains 150 farmers on mechanised ginger farming in Southern Kaduna
With Nigeria’s population rapidly growing, a shift from subsistence farming methods has become essential to meet the nation’s agricultural demands. This message resonated at a two-day training on mechanised ginger farming for women and young farmers in Zonkwa, southern Kaduna. The ginger industry in southern Kaduna has been facing significant challenges and just two years ago, a devastating disease hit…
Read More » -
Nigeria’s economy will retrogress if states collect VAT, says Oyedele
Chairman of the presidential tax reform committee, Taiwo Oyedele has said businesses will suffer and the economy will retrogress if state governments are allowed to collect value-added tax (VAT). Oyedele spoke on Friday during an interview on Channels Television’s Hard Copy programme. According to the tax committee chairman, a similar approach was attempted in the 1980s with sale tax, but…
Read More » -
‘You can make it in Nigeria,’ Fashola advises young people against ‘Japa’
Babatunde Fashola, former governor of Lagos, has asked Nigerian youths to remain in the country despite economic challenges. In recent times, there has been a wave of migration by Nigerians who are seeking greener pastures abroad. “Japa” is a popular word used to describe migration in the country. Speaking on Saturday at the combined 8th and 9th convocation ceremonies of…
Read More » -
FCT, States’ domestic debt grew by N198.96bn in three months ,says DMO
The domestic debt of Nigeria’s 36 states and the Federal Capital Territory (FCT) increased by N198.96 billion within three months. This is according to the latest subnational debt report from the Debt Management Office (DMO). The total domestic debt of states and the FCT rose by five per cent from N4.07 trillion in March 2024 to N4.27 trillion by June…
Read More » -
FX amnesty: DMBs can trade with deposited foreign currencies, says CBN
The Central Bank of Nigeria (CBN) has permitted Deposit Money Banks (DMBs) to trade with foreign currencies deposited under the amnesty initiative for the foreign exchange (FX) deposit window. CBN gave the directive in a document dated November 5, signed by John Sonojah, its acting director, financial policy and regulation department and Adetona Adedeji, its acting director, banking supervision department.…
Read More » -
National Grid: Obi asks FG to tackle power crisis
Former presidential candidate of the Labour Party (LP), Peter Obi, has raised concerns about the ongoing power crisis following another collapse of the national grid. It would be recalled that Nigerians were on Tuesday plunged into darkness following another collapse of the national power grid. Since January 2024 till date, the grid has collapsed 10 times. Within one week in…
Read More » -
PHOTO : NNPC joins global energy leaders to discuss decarbonising oprations in oil & gas sector
On the second day of the Abu Dhabi International Petroleum Exhibition & Conference, NNPC Ltd.’s Executive Vice President Upstream, Mrs. Oritsemeyiwa Eyesan joined global energy leaders to discuss the theme “Decarbonising Operations across Upstream, Midstream and Downstream”. In her submission, Eyesan highlighted Africa’s twin challenge of decarbonisation and energy poverty, stressing that to address that, Nigeria has launched several initiatives…
Read More » -
FG directs Julius Berger to leave Abuja-Kaduna-Zaria road project site
The Federal Ministry of Works has directed Julius Berger, the contractor handling Section One rehabilitation of the Abuja-Kaduna-Zaria-Kano Dual Carriageway, to evacuate the project site. This followed a 14-day final termination notice issued to the company on Monday, dismissing any possibility of further negotiations. The ministry said the termination was based on non-compliance with the reviewed cost, scope, and terms,…
Read More » -
2024 States Performance: BudgIT ranks Rivers, Lagos, Ogun higher on index A
A leading socioeconomic and civic organisation, BudgIT Research, has adjudged River, Lagos and Ogun State higher on the State of States Performance on Index A among the 36 States of the federation. Rivers tops the list with 0.82, followed by Lagos State, 0.84 as Ogun State came third with 1.48. The organization said on its website: “States that rank higher…
Read More » -
Economic recovery within reach for future generations, says Tinubu
By Kunle Sanni President Bola Tinubu has affirmed that Nigeria’s economic recovery is “on the horizon,” emphasizing the government’s commitment to fostering prosperity for current and future generations. Speaking on Monday at the swearing-in ceremony of seven newly appointed ministers in Abuja, Tinubu highlighted his administration’s focus on addressing economic and security challenges. “These efforts are not just for us;…
Read More »
Follow our WhatsApp Channel