The Minister of Transportation, Rotimi Amaechi, has registered his displeasure with continuous patronage of illegal habours known as secure anchorage areas. According to the minister, an individual has sought to exploit the industry by collecting $1,200 daily for secure anchorage in the country from ship owners. He said this while delivering a virtual keynote address at the 2020 World Maritime Day Celebration which held at Eko Hotel and Suites in Lagos. The minister said the issue was quite unsettling. He said, “There is a crisis in the maritime sector. The crisis is on the issue of security. “Today, we have…
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Nasarawa State Governor, Engineer Abdullahi Sule, has commended members of the Nasarawa State House of Assembly (NSHA), for passing into law, the Nasarawa State Mortgages and Foreclosure Law 2020. Engineer Sule made the commendation while presiding over the monthly state executive council meeting, at the Government House, on Thursday. The Governor said with the passage of the bill into law, the people of the state stand to benefit from the efforts of housing development agents that will come into the state. “We are going to see a lot of efforts from housing development agencies that will come into the state,…
Dell Technologies has partnered with other global giants to establish a Tech Experience Centre, an ambitious technology project that will bridge the gap to cutting-edge technologies for millions, in Nigeria. Nicholas Travers, Dell Technologies Director, Central and West Africa, said in a statement that the project, expected to be launched on Oct. 1, would save huge costs and capital flight while also boosting technology adoption in Nigeria. Travers hailed TD Africa, Sub-Saharan Africa’s foremost tech, lifestyle and solutions distributor, for the landmark initiative “We believe the Tech Experience Centre will help reduce the decision making cycle and save huge costs…
The Independent National Electoral Commission (INEC) says it is working to ensure early opening of polls and declaration of results, especially in the riverine areas, in the Oct. 10 governorship election in Ondo State. Prof. Mahmood Yakubu, INEC Chairman, stated this on Thursday in Akure when he met with the traditional rulers in the state in preparation for the election. Yakubu said that INEC would pay particular attention to places that have difficult terrains, so that it could deploy materials early and get the results out of these places in good time. “Just yesterday, we discovered that between Ese-Odo and…
The Nigeria Export Processing Zones Authority says the Free Trade Zone scheme in the country is a presidential initiative aimed at propelling economic growth through local production. Prof. Adesoji Adesugba, NEPZA Managing Director, said this while speaking with some operators of enterprises in the Calabar free trade zone in the Cross Rivers State capital during an official tour of the zone. Adesugba in a statement by Martins Odeh, the Head, Corporate Communications, NEPZA, on Thursday said President Muhammadu Buhari was fully committed to ensuring the success of the scheme. He said that the Federal Government was aware of the challenges…
Despite boasting on a television live programme that he would gladly honour an invitation by the presidential panel investigating allegations of corruption against former EFCC boss, Ibrahim Magu, the minister of justice and attorney general of the federation (AGF), Abubakar Malami, failed to appear before Justice Ayo Salami-led Judicial Commission of Inquiry on Thursday. The retired president of the Court of Appeal had issued a subpoena to Malami to appear before the Commission of Inquiry to substantiate the allegations he levelled against the suspended Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, in the memo he…
Mary Trump is suing her uncle, President Trump, his sister and late brother over allegations they committed fraud in order to deprive her of her interests in the Trump family business and enrich themselves. The lawsuit was filed by attorneys for Mary Trump on Thursday in New York state court against Donald Trump, Maryanne Trump Barry and Robert Trump, who passed away in August. The suit alleges that the siblings took control of the real estate empire created by their father, Fred Trump Sr., in the 1980s “and exploited it to enrich themselves at the expense of everyone around them.” “For Donald…
Thirteen of 36 state governments were not able to meet their recurrent and debt obligations from their total revenues in 2019 according to the 2020 State of States Fiscal Sustainability Index report of BudgIT, a civil society organisation. Rivers State occupies first position on the index, followed by Anambra, Ogun and Lagos States. Most of the remaining 23, still fall below the sustainability point among which eight which had really low (less than N6bn) excess revenue and had to borrow heavily to fund their capital projects. Oyo, Kogi, Osun and Ekiti are the most unsustainable states. Others in the category…
The Federal Government of Nigeria, Through the Federal Ministry of Finance has applied for financing from the International Development Association (IDA)- The World Bank and French Development Agency (AFD) and lent the financing Ekiti State towards the cost of rehabilitation of prioritize Rural Road and River crossings, construction/rehabilitation support for the administration support for establishment of Agro Logistics. The Ekiti State Government intends to apply part of the state counterpart funds towards payment and under the contract for the construction of 25.5Km prioritize rural pilot Roads in StateThe Ekiti State Rural Access and Agriculture Marketing Project (EK/RAAMP) on behalf of…
AFTER hours of talks, the government and Labour on Thursday failed to reach an agreement on the solution to petrol and electricity pricing. The government insisted that there is no going back on deregulation of the petroleum downstream sector. It added that there is no cash to bridge the funding gap in electricity supply. Labour said there is no alternative to the reversal of the new rates — which the government said it no longer had control over — or it will call workers and Nigerians out on strike from Monday. The parley at the Presidential Villa ended last night…
