The Federal Executive Council(FEC) has approved the recommendation for the Nigerian National Petroleum Corporation Limited (NNPC LTD.) to invest 1.9 trillion in the reconstruction of 44 federal roads under the tax credit policy. The council gave the approval at its meeting presided over by Vice President Yemi Osinbajo on Wednesday at the Presidential Villa, Abuja. Laolu Akande, Osinbajo’s spokesman, briefed State House correspondents on behalf of the Minister of Works and Housing. “The Federal Executive Council approved the recommendation to invest in the reconstruction of selected federal roads under the Federal Government Road Infrastructure Development and Refurbishment Investment Tax Credit…
Author: Elvis Eromosele
NIGERIA accounts for 89 per cent of Christians martyred worldwide, according to the latest report on global Christian persecution. The Open Doors World Watch List 2023, released on Tuesday, January 17, said out of the total of 5,621 Christians killed for their faith during the reporting period, Nigeria recorded 5,014, marking the country as one of the most dangerous places “to follow Jesus”. The report tracked the period from October 1, 2021 to September 30, 2022. Open Doors said the data was compiled from grassroots reports by more than 4,000 of its workers across over 60 countries. Urging the United…
Nigeria occasionally borrows money to pay for the importation of Premium Motor Spirit (PMS) also known as petrol as a result of the rising costs of subsidy on the product, the country’s finance and budget minister has revealed. Zainab Ahmed, who spoke with Arise TV in Davos at the venue of the ongoing World Economic Forum (WEF) said the country’s foreign exchange reserves were strong enough to withstand any shocks despite acknowledging that there was a chance of a global economic recession this year. Ahmed reiterated his commitment to ending the fuel subsidy regime but added that the current administration…
Nigeria said that despite spending over $1 billion since 2015 to reclaim Boko Haram-held territories in Borno, Adamawa, and Yobe States, the country and the Lake Chad Basin’s security remains unstable due to lingering conflicts in Libya, the Central African Republic, and Russia’s aggression in Ukraine. According to President Muhammadu Buhari, while the country is winning the war against insurgency, the crisis around Nigeria and the Lake Chad basin remains precarious. Buhari spoke shortly after receiving the Abu Dhabi Peace Forum’s “Award for Strengthening Peace in Africa” in Nouakchott, the Mauritanian capital. “Although we are winning the war, however, as…
By Elvis Eromosele The saying, “Inch by inch, life’s a cinch” is one for all seasons. As you go about your job as a public relations practitioner in a corporate organisation this year, you will do well to bear it in mind, always. You make progress in little steps. This year, like all others, has 12 months. I have written out 12 things, you can do this year to be better at your job. 1. Be Up to Date As public relations professional, you do yourself a world of favour when you stay up to date with the latest trends…
President Muhammadu Buhari has said the African Continental Free Trade Agreement (AfCFTA) reforms will increase Nigeria’s non-oil exports to other African countries by more than 15 per cent. Buhari stated this yesterday at the ninth African Shippers’ Day with the theme: “African Continental Free Trade Agreement: A Veritable Platform for African Shippers to Mainstream Into Global Trade” held in Lagos. Buhari listed the export goods to include, textile, wearing apparel, leather, wood and papers, metals, electronics, vehicles and transport equipment and machinery for the industrial sectors. Others are fishery, meat, poultry, milk and dairy products, rice, other cereals, plant-based fibres…
More bank workers in Nigeria are taking advantage of their access to defraud customers, a report by FITC has established. The report, which gave insights into fraudulent activities in Nigerian banks between April and June 2022, revealed that 19 employees of banks were sacked within the period due to their involvement in fraudulent activities. The number of bank workers (19) who were sacked in Q2 2022 due to fraud represents a 90 per cent increase compared to 10 recorded in Q1 2022, according to FITC. A comparison of the data with the same quarter in 2021 showed an alarming 375…
The US Vice President Kamala Harris has revealed plans to work with Congress to fund an additional government investment of more than $100 million in the Young African Leaders Initiative (YALI). VP Harris made the announcement at the recently-held U.S-Africa Leaders Summit in Washington, D.C. The Young African Leaders Exchange, the first pan-African virtual platform will be established by USAID in collaboration with partners. This will enable the Diaspora and other important stakeholders to directly connect with nearly 28,000 YALI alumni from 49 sub-Saharan countries since the launch of YALI in 2010. The Exchange fosters networking, enhances the leadership of women…
Members of Nigeria’s Organized Private Sector (OPS) have described the country’s lingering fuel scarcity as a disgrace, saying it was unacceptable that a subsidized product worth N165 per litre was being sold at prices ranging from N300 to N650 per litre across the country. Nigeria Employers’ Consultative Association (NECA), Manufacturers Association of Nigeria (MAN), National Association for Small and Medium Enterprise (NASME), National Chambers of Commerce, Industries, Mines and Agriculture (NACCIMA), and National Association of Small Scale Industrialist (NASSI) are among the members. They stated that, while they support the removal of the fuel subsidy regime in June 2023, as…
As part of events to honour the school’s 100th-anniversary festivities, former president, Chief Olusegun Obasanjo led present and former students of Baptist Boys High School (BBHS), Abeokuta, on a Monday 18-kilometre walk across the city. While on the walk, Obasanjo entertained locals, drivers, and passersby while accompanied by the old boys association’s leadership, led by National President Prof. Kayode Oyesiku. A statement by his Special Assistant on Media, Kehinde Akinyemi stated that hundreds of residents and enthusiasts echoed and praised Obasanjo’s names for his prowess, energy, and endurance to embark on the walk despite his age. Among those who played…