Eradicating extreme poverty and reducing inequality remain some of Africa’s biggest challenges which the Economic Commission for Africa (ECA) is trying to help member States tackle through various policy recommendations and actions. This was said Thursday by Ms. Thokozile Ruzvidzo, Director of the Gender, Poverty and Social Policy Division at the ECA, in remarks to…
ECONOMY
Economic diversification: Partner with private sector to promote investments, Senate tells FG
***Advocates tax holidays for investors in agricultural, minerals sector The Senate has called on the Federal Government to partner with States, Local Governments and the Private Sector in infrastructure development to promote private investments in Nigeria. The upper chamber also advocated tax holidays for investors in the solid minerals sector while it urged the Federal…
Mining Ministers, commissioners, stakeholders storm Ekiti
…..AS STATE HOSTS COUNCIL ON MINING AND MINERALS RESOURCES DEVT No fewer than 3,000 critical stakeholders in the mining sector, drawn from the 36 states will converge on Ado- Ekiti, Ekiti State Capital on this week as the third edition of the National Council on Mining and Mineral Resources Development (NCMMRD) takes place between Wednesday…
CBN issues Revised Guidelines for Registration Of CIT, Currency Processing Companies
In order to enhance the efficiency and cost-effectiveness of currency management, facilitate the generation of fit Naira banknotes for payment, promote the use of shared facilities to drive down currency management cost, engender healthy competition among service providers and ensure product quality, integrity and standardization in Nigeria, the Central Bank of Nigeria (CBN) hereby mandates…
‘A trip to Seme-Krake: mending the cracks in the Benin-Nigeria trade relationship’ by David Luke, Gerald Masila
On 21 August this year, the Seme-Krake border between Nigeria and Benin was closed without prior notice. This was part of a broader crackdown by the Nigerian authorities to close all land borders between Nigeria and it’s neighbouring countries. Today, over two months later, the border remains closed, with vehicles piled up on either side….
Thoughts on Nigeria’s rice bubble – Fasua
The bubble was created by the people, amplified and accelerated by the government. Profited by hardboiled bloodsucking politicians and many more predators who enjoy things like these, writes Tope Fasua in Currentschoolnews. I have never got involved in the rice debate. I usually try not to move with the motley crowd and I believe this…
We’ve remitted over N11.68bn to FG in eight months -NIS
The Nigeria Immigration Service (NIS) says it has remitted over N11.68 billion and 22,972 dollars in eight months into the Federation Account. The Comptroller General (CG), NIS, Muhammad Babandede, said this at the Comptroller General’s annual workshop on Thursday in Benin, Edo State. Babandede said that NIS was not only a key security agency of…
Nigeria among 10 World Bank improvers on Ease of Doing Business
Nigeria joined the top-10 improvers in this year’s World Bank Ease of Doing Business ratings. The others are: Saudi Arabia, Jordon, Togo, Bahrain, Tajikistan, Pakistan, Kuwait, China and India. Together, the World Bank said they implemented 59 regulatory reforms in 2018/19, accounting for a fifth of all the reforms recorded worldwide. However, the worst countries…
2020 Budget: NASS tasks MDAs to provide measurable targets
The National Assembly has tasked the Federal Ministries, Departments and Agencies (MDAs) to provide achievable targets that are measurable with timelines for the implementation of the 2020 Budget. President of the Senate and Chairman of the National Assembly, Ahmad Lawan, said the ninth Assembly is not only concerned about the timely passage of the budget…
FAAC: FG, states, LGs share N693.529bn
The Federation Account Allocation Committee (FAAC) on Thursday in Abuja, shared a total of N693.529 billion to the three tiers of government for the month of September, 2019. The N693.529 billion comprised revenue from Value Added Tax (VAT), Exchange Gain and Gross Statutory Revenue in the month. A communiqué read by the Accountant General of…