The Auditor-General for the Federation (AuGF), Anthony Mkpe Ayine, has expressed the readiness of his office to support the National Park Service (NPS) in fulfilling its mandate of preserving, enhancing, protecting and managing vegetation and wild animals in the national parks nationwide. He gave the assurance on Wednesday when a three-man delegation from the National […]
Economy News Extra
FG Targets N6Bn From 20 Silos’ Concession
The Federal Government is expected to rake in about N6 billion from the concession of 20 silos in different parts of the country to private sector operators. The Minister of Agriculture and Rural Development, Audu Ogbeh, disclosed this to State House correspondents in Abuja after Wednesday’s Federal Executive Council (FEC) meeting, saying that the decision […]
TBs’ Interest Rates Not Pre-Determined By Govt – DMO
The Debt Management Office, DMO, on Wednesday debunked insinuations that interest rates on Treasury Bills were usually pre-determined by government before they are offered for buyers In a statement issued to clarify some misgivings about the issue, the Office pointed out that different bidders usually attend the market with different rates, using the rates obtainable […]
Sale Of Minting Firm To Generate N17Bn For Govt – BPE Boss
The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, on Tuesday said that the sale of 21 percent shares of the Federal Government in the Nigerian Security Printing and Minting Company (NSPMC) Plc to the Central Bank of Nigeria (CBN) would rake in over N17 billion to the national treasury. Okoh was quoted in a […]
AfDB, Others Secure $1Bn To Fund Africa’s Infrastructure Projects
The African Development Bank, with some global development partners, on Tuesday disclosed that the sum of $1 billion had been secured to support investment in infrastructure development in Africa. The AfDB and its supporting partners in the multi-level securitization finance, include the European Commission, Mariner Investment Group, LLC, Africa50 and Mizuho International Plc. The continental […]
We Have Impacted 10.07Mn Lives Through ERGP Programmes – FG
The Federal Government on Tuesday said that about 10.07 million Nigerians had been socio-economically reached through the ongoing Social Investment Programmes (SIP) component of the Economic Recovery and Growth Plan (ERGP). Giving this figure at a media briefing held in his ministry on the activities lined up for the upcoming 24th Nigerian Economic Summit (NES), […]
Intra-Regional Trade Integration Key To Africa’s Growth – Mauritian Minister
The Foreign Affairs, Regional Integration and International Trade Minister of Mauritius, Seetanah Lutchmeenaraido, has restated the need for improved integration of trade across the Sub-Sahara Africa governments as a strategic option of bringing inclusive development to their people. The minister gave the advice on Tuesday in Mauritius at the opening session of the 24th Session […]
Ports’ Concessioning Agreement To Be Ready In 3 Months – Bala-Usman
The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala-Usman, on Tuesday hinted that the ongoing review of ports concessioning agreement would be completed in the next three months. Bala-Usman, who disclosed this in her presentation titled ‘Ports Governance Models- Our Experience’ at the ongoing First Regional Conference of IAPH in Abuja, said also that […]
FG Divests 21% Equity In Minting Firm To Optimize Operations
The Federal Government on Tuesday sold its 21 percent equity in the Nigeria Security Printing and Minting Company (NSPMC), which translates to 12.4 billion, to the Central Bank of Nigeria (CBN) to enhance the operations and profitability. The Vice President, Prof. Yemi Osinbajo witnessed the signing of the instrument by the CBN Governor, Godwin Emefiele, and […]
Nigeria, Congo May Home 44% Of World’s Poorest People – Gates Foundation
Bill and Melinda Gates Foundation has charged governments and other economic stakeholders globally to prioritise poverty reduction in their developmental activities in order to mitigate the growing poverty rates across geo-political sub-regions. Specifically, the Foundation pointed out that improving health and education in Africa should be the world’s priority. In the latest report from Bill […]