Author Archives: Tony Manuaka

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Refinery: Why Modular May Not work

Refinery: Why Modular May Not work

Refinery: Why Modular May Not work   The plan by the federal government to establish modular refineries to replace illegally operated ones in the creeks of the Niger Delta region comes with social and economic benefits but there are enormous challenges ahead.   An aerial view of the creeks of the Niger Delta region gives a graphic detail of the environmental pollution and degradation compounded by the operation of illegal refineries. As the self-made ‘petroleum

Kemi Adeosun

G24 Meeting: Tax Revenue, Inclusive Growth, Budget Transparency Take Centre Stage

Finance minister, Kemi Adeosun has called for a focus on non-oil revenue growth, tax compliance, and budget accountability to drive sustainable economic development. The minister spoke at a meeting convened by the G24 Group to discuss strategies to drive non-oil revenue and achieve inclusive growth. The minister said, “Revenue mobilization is critical to the success of Nigeria’s economic reform agenda. We have an unacceptably low level of non-oil revenue, and much of that is driven

ERGP Photo

President Buhari Launched Economic Recovery And Growth Plan

The ceremony took place inside the Council Chambers of the Presidential Villa, Abuja before the commencement of the weekly Federal Executive Council meeting. In attendance were Vice-President Yemi Osinbajo; Senate President, Bukola Saraki; Speaker, House of Representatives, Yakubu Dogara; Chairman, Nigerian Governors Forum, Abdulaziz Yari; National Chairman of the All Progressives Congress, John Odigie-Oyegun; Governor, Central Bank of Nigeria, Godwin Emefiele and members of the Federal Executive Council. While President Buhari was on medical vacation


CBN Okays Establishment Of Development Bank Of Nigeria

The Central Bank of Nigeria, CBN, has approved the establishment of the Development Bank of Nigeria (DBN) Plc. Finance Minister, Kemi Adeosun said the approval was conveyed in a letter addressed to the Managing Director/Chief Executive Officer of DBN dated March 28, 2017. The letter was signed by the Deputy Governor of the CBN in charge of Financial System Stability. The approval was subject to meeting the minimum capital requirement of N100 billion, the reconstitution

Mastercard partners Mobile Money Africa

Mastercard Partners Mobile Money Africa

 Mastercard Partners Mobile Money Africa to host CashlessAfrica Conference and Expo in Lagos Leading digital payment solutions provider, Mastercard, has been unveiled as the headline sponsor of the 6th Edition of the CashlessAfrica Conference and Expo. The event is organized by Mobile Money Africa and is scheduled for 22 to 23 March, at the Oriental Hotel, Lekki in Lagos, Nigeria. The CashlessAfrica Conference and Expo is a platform for technology companies, FinTech’s and other financial

Kemi Adeosun

FG Launches Asset Tracking And Management Project

The Federal Government has launched an Asset Tracking and Management Project (ATMProject), through which for the first time, the government would be able to locate, identify, assess and evaluate all its moveable and immoveable assets. Finance Minister, Kemi Adeosun, who announced this, also said a Central Asset Register would be created and domiciled in the Federal Ministry of Finance for recording the actual quantity, value, condition and location of all the capital assets belonging to

Kemi Adeosun

How Infrastructure Development Will Drive Economic Growth, By Adeosun

Finance Minister, Kemi Adeosun has declared that infrastructure development will play a critical role in unlocking Nigeria’s economic potential, laying a foundation for economic competitiveness and long-term future growth. Adesoun, who disclosed this at the United Capital launch of its Eurobond and Wealth for Women Fund, also stated that investment in critical infrastructure across the country will unlock job and wealth creation as well as strengthen economic development across all the states of the federation.

One Voice Protest

On The March Over Buhari

Nigerians sustain street rallies though sharply divided over the gains or pains so far recorded under the administration of President Muhammadu Buhari. For about three weeks Nigerians under different umbrellas have been on the streets to air their views on the situation in the country. One feature of the demonstrations is that they gave the impression that Nigerians are divided on the impact of the administration of President Muhammadu Buhari on the economy, nay the

Arik Airline

Arik In Turbulent Weather

Government takeover of ailing Arik Air is generating controversy even as some undercurrents suggest that there could be more to it than the purported rescue mission of the Asset Management Corporation of Nigeria. Arik air was until recently, the pride of the Nigerian aviation industry; and frequent travellers who patronised the airline did so with some air of dignity and sense of security. But in the months preceding its February 9 takeover by the Assent

Arik Airline

AMCON Takes Over Arik Airline

The Federal Government has taken over Arik Airline, which has been experiencing difficulties in recent times.   The decision to intervene, according to the Asset Management Corporation of Nigeria, AMCON, “clearly underscores the government’s commitment to instilling sanity in the country’s aviation sector and prevent a major catastrophe.” The airline will now be managed by Roy Ukpebo Ilegbodu, an Aviation Expert, under Mr. Oluseye Opasanya, a Senior Advocate of Nigeria (SAN). Hadi Sirika, Minister of