The three tiers of government shared a total of N1.1 trillion as revenue allocation for August. The Director of Press and Public Relations, Office of the Accountant-General of the Federation, Bawa Mokwa, disclosed this in a statement issued at the end of the Federation Account Allocation Committee (FAAC) in Abuja recently. He said the funds comprised statutory revenue of N357.398 billion, distributable Value Added Tax (VAT) revenue of N 321.941 billion, Electronic Money Transfer Levy (EMTL) revenue of N14.102 billion, Exchange Difference revenue of N 229.568 billion, and Augmentation of N177.092 billion. Mokwa said: “A total revenue of N1483.902 billion…
Author: Elvis Eromosele
PwC Nigeria, leading professional services firm, has projected a 2.8 per cent economic growth rate for Nigeria in 2023 and three per cent in 2024. In its latest Nigeria economic outlook on Wednesday, PwC said this marginal growth projection may be due to the emerging effects of the implementation of domestic fiscal reforms by the ministerial and economic management team of the country. “The fastest growing sectors were utilities (31.8 per cent), financial services (26.8 per cent), information & communication (8.6 per cent), and construction (3.4 per cent),” the report said. It said the growth in the activities of the…
Akonte Ekine, Chief Analyst BrandXchange, convener of the Consumers Value Awards in this interview speaks with the media after the successful hosting of the second edition of the Consumers Value Awards. Congratulations on successfully hosting the second edition of the Consumers Value Awards. Can you share with us your initial vision when you first conceptualized these awards, and how you feel about reaching this milestone? Thank you, the media should be commended for playing such a huge role in sharing the messages with the consumers. The vision is to simply bring to the fore the consciousness of consumer rights and…
When he inaugurated a cohort of 72 new Senior Advocates of Nigeria, SANs, on December 8, 2021, then Chief Justice of Nigeria, CJN, Tanko Muhammad, reported that 33 or nearly five per cent of the 681 cases considered by the Nigerian Supreme Court during the year were “political cases”. This was rather a curious category to maintain or report on. Judicial doctrine ordinarily views political cases with reluctance. Nigerian law knows nothing of the sort. When Ogbonnaya Ukeje died in Lagos two days after Christmas Day in 1981, Bode Rhodes-Vivour was a 30-year-old lawyer making his way up the rungs…
The Nigerian government is concerned about the economic impact of malnutrition, costing the country $1.5 billion a year in lost productivity and human capital development. Abubakar Bagudu, the Minister for Budget and Economic Planning, said at the 53rd Annual General Meeting and Scientific Conference of the Nutrition Society of Nigeria (NSN) in Abuja that the government is determined to tackle malnutrition through the inclusion of nutrition in the National Development Plan (NDP 2021-2025) as well as “The Nigeria Agenda 2050”. He urged experts in nutrition in the country to research and develop innovations that will boost nutrition and contribute towards…
The Nigerian Communications Commission (NCC) has granted approval for the transfer and assignment of a 10MHz frequency division duplex (FDD) in the 2.6GHz spectrum band from OpenSkys Services to MTN Nigeria. The transfer was effective from September 7, 2023, and will be up for renewal on April 17, 2033. “Not only will it help to support the growing demand for data in the country but will improve the overall Internet experience in line with our commitment to delivering quality service to our customers,” said MTN Nigeria CEO Karl Toriola. According to Toriola, the spectrum will enable MTN Nigeria to roll…
The national target to achieve 70 per cent broadband penetration by 2025 is receiving renewed attention from the Nigerian Communications Commission (NCC), which promises 50 per cent before the end of 2023. This promise was one of the highlights of the special media chat with executive editors and media chiefs in the northern part of the country, hosted by the Executive Chairman of the NCC, Prof. Umar Danbatta, to unveil his achievements since the resumption of office till date. At the occasion, where Danbatta informed the media chiefs that Fifth Generation (5G) services subscriptions have already hit half a million…
More than two-thirds of the UN’s targets for sustainable development can benefit directly from digital technologies, according to the International Telecommunication Union (ITU) and the United Nations Development Programme (UNDP), organizers of SDG Digital which opened today at United Nations Headquarters in New York. With digital technologies so closely linked to the Sustainable Development Goals (SDGs), the SDG Digital event highlights how safe, inclusive and scalable digital solutions can put the 2030 Agenda for Sustainable Development back on track amid concerns that the world may miss the vision for people, planet and prosperity that was set in 2015. The SDG…
Elvis Eromosele The consumer is the nucleus of all production and marketing activities. It is therefore important for brands to observe the consumer closely and pay particular attention to the consumer’s journey if sustainable growth is the object. In this digital age, experts argue that the consumer journey is more dynamic and interconnected than ever before. Brands that adapt to these changes and prioritize customer-centric approaches are more likely to succeed in this evolving landscape. Today, information flows freely and consumer choices are increasingly shaped by digital landscapes, the intersection of law, marketing, and technology becomes a pivotal arena. To…
By Elvis Eromosele In a world that often celebrates the glitz and glamour of the entertainment industry, there’s a quiet yet significant movement happening in Nigeria that deserves its share of the spotlight. This is the celebration of brands selected by the consumer based on value. Yes, the Consumers Value Awards, designed to recognize and celebrate brands that prioritize consumer satisfaction and uphold ethical business practices, deserve and own their place in the spotlight. While it is not your typical red carpet event, it was a night that shone just as brightly with its unique allure. Unlike traditional awards, the…