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AfDB President, Prof. Stiglitz Advocate Debt Restructuring Plan For Africa

The African Development Bank (AfDB) President, Dr. Akinwumi Adesina, and Professor Joseph Stiglitz have called for a quick and comprehensive plan for debt restructuring in Africa. Making the call at the launch of the AfDB’s 2021 edition of its annual African Economic Outlook, Adesina urged African governments to consider collectively establishing an African financial stabilization […]

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Okonjo-Iweala Tasks Nigerian Govt On Alternatives To Fossil Fuels

The new Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has met with President Muhammadu Buhari at the Presidential Villa, Abuja and tasked the government to consider policy initiatives that will encourage the private sector to invest in latest technologies that will minimize fossil fuels consumption as the only source of automobile […]

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FG Rejects PPPRA’s N212.6 Petrol Pricing Template, As Agency Recants

The Federal Government has disassociated itself from the latest petrol price template of N212.6 per litre released by the Petroleum Products Pricing Regulatory Agency (PPPRA), saying it is not planning to raise fuel price for now. This is even as the Nigerian National Petroleum Corporation (NNPC) has ruled out any possible increase in fuel pump […]

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FG Suspends Grants To Youths, Opt For Loans

The Minister of Youth and Sports Development, Mr. Sunday Dare, has disclosed that the Federal Government has stopped giving grants to youths but rather has now opted for revolving loans to aid their entrepreneurial and creative ventures. The minister gave this hint at the end of a 2-Day workshop titled ‘Challenges and opportunities for rural […]

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Raise Bonds to Fund Revenue Generating Projects – FG Urged

Key stakeholders in the nation’s fiscal system and investment space on Thursday advised the Federal Government to focus on raising bonds from the capital market as a means to financing revenue generating projects while working to reduce balance sheet borrowing. The advice was among other key resolutions reached at the Securities and Exchange Commission’s yearly […]

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Organized Labour Pickets N/Assembly Over Minimum Wage Saga

The organised labour group today made good its threat to picket the National Assembly in protest against alleged moves by the Legislature to amend the Minimum Wage section in the 1999 Constitution (as amended). The Legislature is accused by the labour group as considering the option of removing the Minimum Wage section from the Exclusive […]

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Workers To Begin Nationwide Strike Tomorrow

The Nigeria Labour Congress (NLC) and its affiliate unions will on Wednesday embark on a nationwide strike over industrial-related legislative matters. Specifically, the organized labour body stated that the planned industrial action was prompted by alleged attempts by National Assembly lawmakers to move the Minimum Wage section from the Exclusive Legislative List to the Concurrent […]

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FG To Provide 15% Funding For P/Harcourt-Maiduguri Railway – Buhari

President Muhammadu Buhari on Tuesday disclosed that the Federal Government would provide only 15 percent of the $3.2bn funds for reconstruction of Port Harcourt-Maiduguri railway line with the balance to be provided through loans from a consortium of Chinese partners, led by Messrs CCECC Nigeria Limited The project has new branch lines to Owerri, Imo […]

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PIB: South-South Governors Seek 10% Appropriation For Oil Communities

South-South Governors on Tuesday demanded the upward review from 2.5 per cent to 10 per cent, appropriated to the Trust Fund for host oil Communities in the Petroleum Industry Bill (PIB) now before the National Assembly. The Chairman of the South-South Forum and Delta State Governor, Dr Ifeanyi Okowa, was quoted by News Agency of […]