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Browsing the "Key sectors" Category

States in throes of severe water shortage, struggle for survival

States in throes of severe water shortage, struggle for survival

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
State healthcare budgets dip from 11 to 4.65 per cent

State healthcare budgets dip from 11 to 4.65 per cent

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 [...]

July 1, 2022 Key sectors
Power sector: FG sinks more funds despite low performance

Power sector: FG sinks more funds despite low performance

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
DISCOs Reject 2,495.3MW In One Week

DISCOs Reject 2,495.3MW In One Week

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
N621.24 billion for rehabilitation of 21 critical roads

N621.24 billion for rehabilitation of 21 critical roads

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 [...]

December 22, 2021 Key sectors, Real Estate
Dangote Refinery, Others To Drive Fuel Supply

Dangote Refinery, Others To Drive Fuel Supply

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 [...]

November 3, 2021 Key sectors, Oil & Gas
Buhari appoints Ahmed as new NAEC chairman

Buhari appoints Ahmed as new NAEC chairman

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
LASG to divert traffic at Marina for rail project

LASG to divert traffic at Marina for rail project

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 [...]

August 4, 2021 Economy, Key sectors

Ekiti begins work on N8.9bn boundary road

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

Mineral resources: Oyo grants access for geological exploration

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
Buhari Railroad Promise

Buhari Deliberately Killed Lagos – Calabar Rail Project. He Did Same With Lagos Metro. – Chidi Cali, UK.

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 [...]

April 11, 2016 Finance, Key sectors

Mineral Sector to Create 3 Million Jobs by 2015 – Economic Confidential

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

Nigeria Earns N22.2 Trillion from Oil Sector in Three Years

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
Ngozi Okonjo-Iweala

Nigeria Oil Savings More Than Double – Reuters

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 to improve trade ties with Nigeria

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 [...]

July 7, 2014 Economy, Key sectors

Senate passes Pension Reform bill

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
Govt disburses N11b for automotive policy’s take-off

Govt disburses N11b for automotive policy’s take-off

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
South Africa concludes plan to invest in Nigeria’s mining, forestry

South Africa concludes plan to invest in Nigeria’s mining, forestry

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

FG Signs $5m Gold Exploration Contract with Australian Company

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

NGO, US company partner to build 11,700 ‘green’ houses

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
FIRS introduces new tax regime

FIRS introduces new tax regime

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

FG moves to revitalise iron, steel sub-sector

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

FG seeks new funding sources for Ajaokuta Steel

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
Gloria Elemo FIIRO

The Question of Budgetary allocation to science – FIIRO DG

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
Iyabo’s 11-page letter to her father,Gen. Obasanjo

NEXIM Bank to increase operational funds of mining sector to 10%

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
Lekki Project

FG Approves N210bn For Construction of Lekki Deep Sea Port in Lagos.

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
How to Drastically Reduce Unemployment

How to Drastically Reduce Unemployment – SULEIMAN HARUNA

Unemployment – One of the most critical questions facing any government today is how it could reduce the spate of unemployment among its citizens. No country, whether big or small can deny this problem. Instead of employment however, what is becoming [...]

March 29, 2013 Key sectors

Lagos – Kano Train Route Starts Dec 20

The Nigerian Railway Corporation (NRC) announced yesterday that rehabilitation of the rail tracks from Lagos to Kano ha s been completed adding that the mass transit train service would commence operations on December 20, 2012.“This formal launch would be announced [...]

January 12, 2013 Key sectors