The Central Bank of Nigeria (CBN) on Friday disclosed that it had earmarked N200 billion to support the healthcare sector in view of its critical roles in the current drive to sustain the nation’s economic recovery. The apex bank governor, Mr, Godwin Emefiele, made this disclosure at the inauguration of Duchess International Hospital, a newly […]
The Presidency has said that Vice-President Yemi Osinbajo only advocates forex policy that will help curb corruption and never pushed for a devaluation of the national currency – Naira. The clarification came on the heels of media reports that the Vice President was opposed to the current forex policy stance of the Central Bank of […]
Nigeria’s Vice President, Prof. Yemi Osinbajo, has urged the Central Bank of Nigeria (CBN) on faster disbursement of funds to fast-track the implementation of the Economic Sustainability Plan (ESP) , including the 5 million Solar Connection Scheme and the agriculture plans. In addition, he advised the apex bank to review the foreign exchange strategy with […]
The Federal Executive Council (FEC) on Wednesday approved $1.5 billion contract for the rehabilitation of Kaduna and Warri refineries. This is even as the Council also ratified $.2.76 billion for the Federal Government’s equity in Dangote Petroleum and Petro-Chemical Refinery. The Kaduna and Warri refineries have remained in comatose for over four years, despite billions […]
Nigeria’s Vice President, Prof. Yemi Osinbajo, has said that the President Buhari-led government is committed to mobilising the private sector to participate in the country’s economy for efficiency and sustainable growth. The Vice President ,who spoke at the webinar organised by the Bureau of Public Enterprises (BPE) in collaboration with the Nigerian Exchange Group (NGX) […]
The Vice President and Chairman, National Council on Privatisation (NCP), Prof. Yemi Osinbajo has clarified that with the new Federal Government’s circular on the administration of Public-Private Partnership (PPP) projects in the country, the Bureau of Public Enterprises (BPE) shall be responsible for the concession of public enterprises and infrastructure already listed in the First […]
The Centre for Democracy and Development (CDD), one of Nigeria’s leading civil advocacy group on good governance, has identified revenue shortfalls as one of the constraints that undermined the Federal Government’s efforts to meet the broad economic development targets as outlined it the Economic Recovery and Growth Plan (ERGP). The civil society group made this […]
The World Bank has reported that Nigeria now ranked 131st position in the global Ease of Doing Business, indicating that the country moved up by 15 places from the 146 position it was ranked in 2019. The Breton Wood institution stated this in its latest Ease of Doing Business ranking report published on Thursday. The report indicated that amongst the factors that influenced the country’s […]
Vice President Yemi Osinbajo has expressed confidence in the ability of the new board and management of the Nigerian Deposit Insurance Corporation (NDIC) led by Mrs Ronke Sokefun, to provide the needed leadership required to consolidate on the corporation’s achievements in recent years. Osinbajo, who described the new chairman as a seasoned technocrat, gave the […]
The National Coordinator of the Conditional Cash Transfer (CCT) Unit, Mrs. Temitope Sinkaiye, on Monday disclosed that the Federal Government had spent up to N15 billion on 1.8 million vulnerable women across 20 states since the Social Investment Programme (SIP) was flagged off in 2016. Sinkaye, who gave this hint during an end-of-year review meeting of […]