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We’re not involved in N5.8bn North-East food supply – Agric ministry

We’re not involved in N5.8bn North-East food supply – Agric ministry

•Reps threaten arrest of NEMA director-general John Ameh, Abuja The Minister of Agriculture and Natural Resources, Chief Audu Ogbeh, told the House of Representatives Committee on Emergency and Disaster Preparedness on Monday that his ministry was not involved in the supply and distribution of the controversial N5.8bn food grains to victims of Boko Haram attacks […] …

Rain, others slow down Lagos-Ibadan rail construction

Rain, others slow down Lagos-Ibadan rail construction

Rasheed Bisiriyu There are indications that the much anticipated fast pace of work on the $1.5bn Lagos-Ibadan rail project may not be achieved, at least for now, as the contractor handling the standard gauge line, China Civil Engineering Construction Corporation, has complained that the rains and other natural elements are slowing it down. The Minister […] …

Nigeria, ARC seal pact on climate change

Nigeria, ARC seal pact on climate change

Ifeanyi Onuba, Abuja The Federal Government has signed a Memorandum of Understanding with the African Risk Capacity to address the impact of extreme weather events in Nigeria, including training support to government personnel. The signing ceremony, which happened at the annual meetings of the African Development Bank in Busan, South Korea, on Thursday, comes on […] …

Domestic financing critical to economic growth, says Kuru

Domestic financing critical to economic growth, says Kuru

Ozioma Ubabukoh The Managing Director, Asset Management Corporation of Nigeria, Mr. Ahmed Kuru, has said that domestic financing options, through domestic savings and private sector financing, are critical to the economic growth of the country. He stated that while majority of developing countries relied on foreign aid as the main financing source for development, “historical […] …

NNPC to settle N2.1bn owed NPA this week

NNPC to settle N2.1bn owed NPA this week

Anna Okon The Nigerian Ports Authority has stated that all debts owed it by the Nigerian National Petroleum Corporation from 2017 to date, amounting to about N2.1bn, for services rendered to the national oil firm are to be settled this week. This was contained in a statement made available to our correspondent by the NPA […] …

States to push for new revenue allocation formula

States to push for new revenue allocation formula

Ifeanyi Onuba, Abuja Members of the Federation Accounts Allocation Committee have commenced discussions on the review of the current revenue allocation formula among the three tiers of government. The Chairman, FAAC Commissioners of Finance Forum, Mahmoud Yunusa, confirmed this at a press briefing shortly after the committee’s meeting held on Wednesday at the headquarters of […] …

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