The National Agency for Science and Engineering Infrastructure (NASENI) has opened discussions with Nasarawa State Government and Bobtrack Tractors, a division of Saint Bob Motors Limited, on the manufacturing and assembling of tractors in the North-Central geopolitical zone. A statement issued on Monday by the agency’s Director, Information, Segun Ayeoyenikan, on the multibillion Naira project […]
Minister of Power, Mr Adebayo Adelabu, has said that the Federal Government is planning to increase the nation’s power generation from 4000 megawatts to 6000 megawatts by the end of this year. Adelabu, who gave this hint on Monday when the members of the Senate Committee on Power visited his ministry, said that the plans […]
Ogun State Governor, Prince Dapo Abiodun, on Monday disclosed that over 1,500 people had so far benefitted from the ongoing surgeries under the Free Surgery Intervention Programme of his administration. The governor, who disclosed this while monitoring the sale of discounted rice to civil servants at the State Secretariat, Oke-Mosan Abeokuta, maintained that thousands of […]
To strategically position Nigeria in the frontline of current global drive towards artificial intelligence (AI) development, the Federal Government has secured $3.5 million seed fund for Nigeria’s Artificial Intelligence (AI) strategy implementation from development and other independent partners. The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, made this disclosure on Friday at the […]
The Director-General of the International Labour Organization (ILO), Gilbert Houngbo, has called for reinforced multilateralism and a focus on social justice for a sustained global recovery, highlighting the need to bolster investment in social policies, institutions, and dialogue. Houngbo, in statements delivered at the just concluded World Bank and International Monetary Fund (IMF) spring meetings […]
Despite concerns being expressed by analysts about Nigeria’s rising debt stock, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, announced on Sunday that the Federal Government had secured approval of the World Bank for $2.25 billion loan. Edun, who gave this hint during a press conference at the annual meetings […]
The Nigerian Capital Market Committee (CMC) has expressed its full support for the various policy measures of the Central Bank of Nigeria (CBN), particularly on the foreign exchange (FX) markets and recapitalization of banks, in view of the socioeconomic benefits to the country. The committee gave the commendation on the apex bank’s policies at its […]
A delegation from South Korea has met with the management of the Nigerian Communication Commission (NCC) with a view to exploring collaborative options on the establishment of Information Access Centre (IAC) in Nigeria The IAC will help to develop critical knowledge and tools, especially in the field of communications, to promote innovation and development in […]
Despite sundry reform initiatives of the President Bola Tinubu-led administration to revitalize the nation’s economy, latest forecast from the International Monetary Fund (IMF) indicated that Nigeria’s economy continued its unimpressive performance, dropping into the fourth position in Africa economies’ ranking chart. This is coming barely two years after it was ranked as Africa’s largest economy […]
The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has disclosed that a total sum of N7,314,129,314,386.08 accrued into the Federation Account in fiscal year 2023. The figures were contained in the monthly report to the Federation Account Allocation Committee (FAAC) by the Central Bank of Nigeria (CBN) titled “CBN Federation Account Component Statement”. In a […]