Access to high quality, reliable and sustainable water still remains low, despite considerable progress in Water Supply, Sanitation and Hygiene (WASH) sector. The country, in fact, failed to achieve the Millennium Development Goals (MDGs) for water and sanitation in 2015, [...]
August 27, 2022
Key sectors
Compared to last year, there is a significant drop in states’ investment in the health sector, backed by budget decrease from average 11 per cent in 2020 to 4.65 per cent in 2022. Also, a report, published, yesterday, by SBM [...]
To boost electricity supply, the Federal Executive Council (FEC), presided over by President Muhammadu Buhari, again approved multi-billion naira contracts for the power sector yesterday. Minister of Power, Abubakar Aliyu, while briefing State House correspondents, said all three memos presented [...]
April 29, 2022
Key sectors
A total of 2,495.3 megawatts of electricity was not utilised nor distributed by power distribution companies in one week, despite the demand for electricity nationwide, industry data obtained from the Federal Government’s power company on Sunday showed. In the Transmission [...]
April 26, 2022
Key sectors
The Nigerian National Petroleum Company Limited (NNPC), yesterday, handed over a symbolic cheque of N621.24 billion for the rehabilitation of 21 critical roads across the federation through the Tax Credit Scheme under the Executive Order Seven signed by President Muhammadu [...]
The 650,000 barrels per day (bpd) Dangote Petroleum Refinery, Nigerian National Petroleum Corporation (NNPC) as well as other modular refineries are expected to be the major drivers of Nigeria’s demand for petroleum products, which is projected to grow massively in [...]
President Muhammadu Buhari has appointed Yusuf Ahmed as the Chief Executive Officer (CEO) of Nigeria Atomic Energy Commission (NAEC) for an initial period of three years. The appointment was confirmed in a statement signed by Director of Information for the [...]
September 11, 2021
Key sectors
The Lagos State Government has announced plans to divert traffic on the National Theatre and Marina axis for the next seven months for works on the Blue Line rail project. The Commissioner for Transportation, Dr Frederic Oladeinde, who made the [...]
The Ekiti State Government has begun work on the construction of Ado-Osun State boundary road valued at N8.9bn. Governor Kayode Fayemi began the construction work on Thursday by formally handing over the first phase, the new Ado – Iyin Road [...]
March 22, 2019
Key sectors
Oyo State Government said it has granted permission for the geological exploration of Talc (Talcum Powder) and other mineral resources in some parts of the state. Special Adviser to the state Governori on Solid Minerals, Hon. Mathew Oyedokun made this [...]
January 22, 2018
Key sectors
President Muhammadu Buhari omitting the Coastal Rail line project from Lagos to Calabar in the 2016 budget was NEVER an omission, but a deliberate act to punish the region that he hates to a fault. Buhari did the same in [...]
Born on February 25, 1957 in Katsina State, Architect Musa Mohammed Sada is Nigeria’s Minister of Mines & Steel Development, an appointment he got from President Goodluck Jonathan on April 6, 2010. After graduating from Ahmadu Bello University (ABU), Zaria [...]
August 10, 2015
General, Key sectors
An independent audit report of financial flows into the Federation Account from operations in the oil and gas sector has revealed that a total of N22.165 trillion ($143.5 billion) was earned as revenue from the sector from 2009 to 2011. [...]
February 25, 2015
Key sectors
Cost-cutting has helped restore Nigeria’s Excess Crude Account (ECA) to some $9 billion in oil savings, or more than double what it was a year ago, Finance Minister Ngozi Okonjo-Iweala said on Monday. Okonjo-Iweala was addressing delegates in Abuja at [...]
February 3, 2015
Key sectors
Portugal has shown its willingness to improve the trade ties along with Nigeria, while several Portuguese organizations have concluded intentions to leverage possibilities throughout the country as well as invest in the major sectors of the overall economy. The representatives [...]
The Senate on Tuesday passed the Pension Reform Bill 2014 which, if formally okayed also by the House of Representatives and assented to by President Goodluck Jonathan, would accommodate employees of private firms in the Contributory Pension Scheme. The passage [...]
April 9, 2014
Key sectors
THE Federal Government has disbursed over N11 billion to 33 companies in vehicle production business, to kick-off the automotive policy. The development was disclosed by the Director-General of the National Automotive Council, Aminu Jalal in Abuja, Tuesday. He said only [...]
April 9, 2014
Key sectors
The Industrial Development Corporation (IDC) of South Africa on Monday in Abuja, said it was prepared to invest in the Nigeria’s Mining and Forestry sectors. Mr Ashely Petersen, the company’s Senior Business Development Manager, Africa Unit, said this during a [...]
March 25, 2014
Key sectors
FG Signs $5m Gold Exploration Contract with Australian Company – Patrick Ugeh and Kasim Sumaina in AbujaNigeria is set to join the global map of gold producers as the Federal Government, weekend, signed a $5 million contract agreement with Northern [...]
March 13, 2014
Key sectors
A non-governmental organisation, the Environmental Ethics and Safety Corps (ESCORP), said it was partnering with a US-based company, Millenniumblok, to build 11,700 housing units of ‘green houses’ across the country. Mr Emenike Eme, ESCORP’s Coordinator-General, made this known in Abuja, [...]
February 28, 2014
Economy, Key sectors
The Federal Inland Revenue Service has introduced a new tax regime for multinationals and enterprises operating in the country. The Acting Executive Chairman, FIRS, Mr. Kabir Mashi, gave the indication on Monday, adding that the development involved an exposure to [...]
February 19, 2014
Key sectors
The Federal Government says it has concluded plans to develop and implement a comprehensive Backward Integration Policy for the iron and steel sub-sector of the Nigerian economy. The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, who said this [...]
January 31, 2014
Key sectors
The Federal Government is seeking new sources of funding for the completion of strategic components of the Ajaokuta Steel Rolling Complex, the Minister of Mines and Steel Development, Mr. Musa Sada, has said. Sada said this when a team from [...]
January 10, 2014
Key sectors
The Director General, Federal Institute of Industrial Research (FIIRO), Dr. Gloria Elemo, said that availability of funds has limited the scope of the institute’s research and ability to deliver effectively. While noting that the nation needs the institute to achieve [...]
December 20, 2013
Key sectors
Managing Director, Nigeria Export-Import (NEXIM) Bank, Mr Robert Orya, said the operational funds to the mining sector would be increased to 10 per cent to develop the sector. Orya, who spoke to the News Agency of Nigeria (NAN) in Abuja, [...]
December 19, 2013
Key sectors
The President Goodluck Jonathan’s government, on Wednesday, approved the Lekki deep sea port estimated at over N200B or 1.354b US Dollars. The Lekki deep sea port, which would be the first ever in Nigeria has been on the drawing board [...]
December 5, 2013
Key sectors
For Part I Click Here BETTING ON NIGERIA The Giant Heart of Africa For long.West Africa has been a destination of choice for mining executives the world over, with countries like Burkina Faso,Ghana,Ivory Coast and Niger being actively explored [...]
November 18, 2013
Key sectors
The Nigerian Opportunity: Going for Gold, But the future holds a lot more. Nigeria today is in a wave of market reforms in many segments of its Economy including the privatization of government-owned companies and mining assets. After years of [...]
November 18, 2013
Key sectors