President Bola Tinubu on Wednesday presented an Appropriation Bill of N27.5 trillion for fiscal 2024 to the National Assembly for passage. Presenting the proposed budget tagged “Budget of Renewed Hope” to the joint session of the National Assembly, the President explained that the key thrusts of the fiscal proposal were national defence, internal security, job […]
The Nigerian Ports Authority (NPA) has outlined plans to invest about $1.1 billion (about N800 billion) in the various ports across the country in furtherance of its current efforts to reduce the high turnaround times of vessels and improve ports efficiency. The Managing Director of the Authority, Mohammed Bello-Koko, in an X post on Monday, […]
The Nigerian Civil Aviation Authority (NCAA), on Monday announced the suspension of all wet-leased aircraft operated by United Nigeria Airlines (UNA) following Sunday’s diversion of airlines’ passengers to Asaba International Airport instead of at their intended destination, Nnamdi Azikiwe International Airport (NAIA), Abuja. In the aviation sector, in a wet lease, an airline (the lessor) […]
Apparently worried by the rising air travels incidents across the nation’s airports in recent weeks, the Minister of Aviation and Aerospace Development, Mr Festus Keyamo, has summoned heads of aviation regulatory agencies to an emergency meeting to parley on the worrisome development in the industry. The minister’s invitation to the industry’s chiefs for the meeting […]
As the Yuletide celebration season is fast approaching and with consumers lamenting the surging prices of commodities, the Federal Government has set up a committee with a mandate to make recommendations on how to boost domestic supplies of Liquefied Petroleum Gas (LPG), also known as cooking gas. The Committee was set up by the Minister […]
The Federal Government has approved a 50% reduction in the cost of agricultural inputs for farmers, aligning with the commencement of dry season farming, which kicked off last Saturday nationwide. The Federal Ministry of Agriculture and Food Security in a statement on Friday disclosed that the Minister of Agriculture, Abubakar Kyari, will lead the launch […]
The Socio-Economic Rights and Accountability Project (SERAP), a leading civil advocacy group in Nigeria, has urged the World Bank to suspend further loans to Nigeria’s 36 states until previous ones are accounted for. The group hinged its stance on what it termed recurring allegations of mismanagement of public funds by state governors, including loans which […]
To reaffirm its commitment to collaborate with its 54 regional member-countries to support and implement projects and programmes for inclusive development in Africa, the African Development Bank (AfDB) last week hosted a ‘High-level Member-States Engagement Framework Workshop’ in Abidjan, Cote D’Ivoire. The event featured nearly 100 ministry of Foreign Affairs’ directors of protocol and Bank […]
The National Bureau of Statistics (NBS), the coordinating agency for Nigeria’s statistical system, has reported that Nigeria’s real GDP at basic prices for the first and second quarters of this year decreased when compared to the growth rates recorded in the nation’s economy in the corresponding quarters of 2022. The Bureau, in the ‘Nigerian Gross […]
The Minister of Works, David Umahi, has estimated that the Federal Government needs about $35 billion to flag off the construction of concrete roads nationwide. The minister, who gave this hint during his meeting with the Minister of Steel Development, Shuaib Audu, in Abuja, also disclosed that the moribund Ajaokuta steel company would provide 16% […]