Economy articles

Senate Demands Speedy Action on Diversification of Economy

Senate Demands Speedy Action on Diversification of Economy

The Nigerian Senate has urged the Executive arm of government to accelerate its policies on diversification of the economy to improve the country’s foreign exchange earnings. The call was made in resolutions reached by the Senate following consideration of a motion titled “Urgent Need to Revive the Palm Oil Industry in Nigeria”. The motion was

The Report

Einstein’s Dictum and Nigeria’s Malady – Nosa Igiebor

Nigerians exemplify Albert Einstein’s classic definition of insanity. The great German physicist had said that doing the same thing, the same way all the time, and expecting a different outcome is madness. We seem hardwired to continue doing and thinking the same thing, same way forever. The constant failures that our madness produces have not

Mohammed Babandede Photo

FG: Orders Closure of Borders for Elections

All Nigerian land borders will be shut  with effect from 12:00 noon on Friday, February 22 to 12:00 noon of Sunday, February 24, 2019 for Saturdays Presidential and National Assembly elections.According to a statement issued by the Comptroller General of the Nigerian Immigration Service, NIS, Muhammad Babandede this Thursday. He said, “Further to the presidential

Dr. Bukola Saraki Photo

Speech Delivered By The Senate President On The Presentation Of The 2018 Appropriation 7th November 2017

SPEECH DELIVERED BY THE PRESIDENT OF THE SENATE, FEDERAL REPUBLIC OF NIGERIA, HIS EXCELLENCY, SENATOR (DR.) ABUBAKAR BUKOLA SARAKI (C.O.N) ON THE PRESENTATION OF THE 2018 APPROPRIATION BILL – 7TH NOVEMBER, 2017. PROTOCOL. 1. Mr. President, on behalf of my colleagues, Distinguished Senators of the Federal Republic of Nigeria and Honourable Members of the House of Representatives, I welcome

Photo of Muhammadu Buhari

FG Unfolds Plans For $29.960bn Foreign Loan

The Federal Government has given details of its plans to take a $29.960 billion foreign loans designed to address infrastructure deficit in the country. Festus Akanbi, Special Assistant on Media to the Minister of Finance, Kemi Adeosun, said in a statement issued in Abuja that the borrowing is a three-year-plan covering proposed projects for 2016

Private Sector Is Key to Poverty Eradication-Elumelu

By TELL Do you know why past governments did not succeed in efforts to eradicate poverty in Nigeria? There is a man who has an answer to that question. He is no other person than Tony Elumelu, chairman, Heirs Holdings and Tony Elumelu Foundation. He said the reason all the entrepreneurship schemes fell short of

FG, ODUACCIMA Collaborate on Regional Trade Fair

Asiwaju Olaitan Alabi, the chairman 2014 Odua International Trade Fair Planning Committee, has revealed that the Federal Government would be collaborating with Odua Chamber of Commerce, Industries, Mines and Agriculture, ODUACCIMA, for a regional international trade fair, which is expected to attract over 5,000 exhibitors and participants. Alabi made this known at a press conference held at the MKO

Scarcity of Aviation Fuel Halts Air Travels

Due to the shortage of aviation fuel that hit the country this week, local and international flight operators in the country are having a hard time meeting up with their schedules. Jet-A1, commonly known as aviation fuel, has been reportedly scarce in some cities since Monday with Abuja one of the cities seriously affected. The

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