Business
FG plans $100bn infrastructure investment
At least $100billion is required annually if Nigeria plans to close the infrastructure gaps across the country anytime soon.
The Director General of the Bureau of Public Enterprises, BPE, Mr. Alex Okoh, said the amount must be invested yearly for the next six years in order to achieve optimum r [...]
Rice farmers want firmer actions against smugglers
Rice farmers in the country are calling for a more decisive measure to be made in checking the unabated smuggling of the produce into the country, as the trend threatens the business of rice farming in Nigeria.
The farmers under the auspices of Rice Processors Association of Nigeria, RIPAN, sai [...]
PTAD disburses N102.8bn to pensioners in 15 months
The Pension Transitional Arrangement Directorate, PTAD, said it has paid a total of N102.84billion to pensioners between January 2018 and March 2019 under the Defined Benefits Scheme.
Speaking at the agency’s 2019 North Central Stakeholders Forum, the Executive Secretary of PTAD, Sharon I [...]
Germany, Nigeria partner on skills acquisition
To stem the tide of illegal migration of young persons to Europe, the German government said it is arranging a skills acquisition intervention for 35,000 Nigerians through its Skills Development for Youth Employment programme.
The Deutche Gesellschaft fur Internationale Zusammenarbeit, a German [...]
Nigeria disagrees with IMF on sovereign fund ranking
Nigeria Sovereign Investment Authority, NSIA, has contested a ranking by the International Monetary Fund, IMF, report that places Nigeria as the second worst country in the world in the use of Sovereign Wealth funds.
The agency insisted that the recent Fiscal Monitor report releas [...]
CBN plans liquidity management for 2019
The Central Bank of Nigeria, CBN, said it is devising new means of managing liquidity in order to reduce expenses on liquidity management in 2019.
Governor of the Central Bank, Mr. Godwin Emefiele, gave the assurance when he submitted the bank’s 2019 budget proposal to the House of Repres [...]
AfDB worry over Nigeria’s agric growth
The African Development Bank, AfDB, has described growths recorded in Nigeria’s agriculture sector in 2018 as lack luster and uninspiring.
AfDB, in its latest African Economic Outlook 2019 and West Africa Economic Outlook 2019 report, attributed the situation to clashes between farmers an [...]
FIRS recovers N24bn from 500 tax defaulters
Executive Chairman of the Federal Inland Revenue Service, FIRS, Mr. Tunde Fowler said the service recovered N24billion from 500 rich tax defaulters.
He said FIRS currently has its sight on 55,000 defaulting taxpayers from whom it hopes to recover at least N750billion before the end of the first [...]
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