Economy
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I’m ready to take 50 million Nigerians out of poverty, Tinubu assures
President Bola Tinubu has vowed to take about 50 million Nigerians considered to be poor out of poverty. Tinubu said this during his opening remark at the 2023 Cabinet Retreat for Ministers, Presidential Aides, Permanent Secretaries, and top government functionaries. The event was held at the banquet hall at the Presidential Villa. Although the President did not provide a timeline…
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Nigerians should support Tinubu, he has passion – BUA Chairman
Chairman of BUA Group, Abdulsamad Rabiu, on Tuesday called on Nigerians to support the economic policies of President Bola Tinubu. He said this to state house correspondents after meeting with President Bola Tinubu in his office. He also said it’s a collective effort and responsibility to ensure that the country succeed. “During my discussions with Mr President, I could see…
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Senate confirms Zacch Adedeji as FIRS chairman
The Senate on Tuesday confirmed Zacch Adedeji as the Chairman of the Federal Inland Revenue Service (FIRS). Adedeji was confirmed as FIRS substantive chairman after he appeared before the senate, where he shared his plans to improve the nation’s revenue. He promised to improve the data mining capacity of the FIRS to make appropriate tax decisions. He attributed revenue leakages…
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American firm, John Deere, to establish tractor assembly plant in Nigeria
An American company, John Deere, has resolved to set up a tractor assembly plant in Nigeria. Details of the company’s interest to invest in Nigeria’s agricultural sector were made known during a meeting between VP Kashim Shettima and top officials of John Deere led by its Vice President on Production Systems, Mr Jason Brantley. The meeting facilitated by the Chairman…
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FG committed to efficiently harnessing mineral resources for Nigerians’ prosperity – Alake
The Minister of Solid Minerals Development, Dele Alake, has reiterated the commitment of the Federal Government to sustainable and efficient harnessing of mineral resources in the country to drive economic growth and create prosperity for citizens. Giving the opening remarks as the chief host of the 2nd edition of the Africa Natural Resources and Energy Investment Summit (AFNIS) with the…
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FG signs MoU with German Geo-Scientific Technology company to locate more mineral deposits in Nigeria
The Federal Government has signed a Memorandum of Understanding MoU with a German Geo-Scientific Technology company to locate more mineral deposits in Nigeria. The Ministry of Solid Minerals Development, Dele Alake disclosed this on Monday after the Federal Executive Council (FEC) meeting which was held at the Presidential Villa in Abuja. Alake, who revealed that the signing took place during…
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BREAKING: FG seeks approval for N2tn 2023 supplementary budget
The Federal Government has said it would be considering the approval for the appropriation of over N2 trillion as supplementary budget for the year 2023. Minister of Budget and National Planning, Atiku Bagudu, made the announcement after the Federal Executive Council (FEC) meeting at the presidential villa in Abuja on Monday. Bagudu stated that of the aforementioned total sum for…
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Solaris, Knownow, Specxs win NCC’s talent hunt
Three companies, out of 81 companies that contested at the Nigerian Communication Commission’s inspired technology innovation talent hunt competition, shared the N30 million prize money equally. Nine other shortlisted companies went home with N500,000 consolation prizes each. Solaris GreenTech Hub, Knownow Africa Limited and Specxs Care Limited, came bright at the 2023 NCC’s Annual Hackathon Competition, adjudged by an independent…
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Mining sector: Focusing on extraction alone is not enough, German Chancellor, Olaf Scholz, tells Tinubu
Germany Chancellor, Olaf Scholz, said on Sunday that the traditional method of focusing on extraction in the Nigerian mineral resources sector is not enough. Scholz made the remarks while speaking to reporters at the State House in Abuja before a closed-door meeting with President Bola Tinubu. WesternPost reported that Scholz arrived at the Presidential Villa in Abuja at about 3:39…
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PHOTO NEWS: Tinubu, visiting German Chancellor co-chair business roundtable
President Bola Ahmed Tinubu and German Chancellor Olaf Scholz co-chaired the Government to Business Roundtable comprising of ministers from Nigeria and members of the Chancellor’s delegation to Nigeria from Germany at the State House, Abuja.
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