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Business and Economy

Gov. Ugwuanyi moves to revamp state-owned ailing industries … reconstitutes bodies on privatization and commercialization; Investment Summit on the way

Governor Ifeanyi Ugwuanyi of Enugu State has advanced the move of his administration to reinvigorate the economy of the state and boost her revenue base when he reconstituted two separate bodies on privatization and commercialization to revitalize the state-owned ailing industries. Reconstituted are the Enugu State Council on Commercialization and …

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Lagos Light Rail will become functional by December – Gov. Ambode; Plans 24-hr power supply to residents in 2 yrs

Lagos State Governor, Mr. Akinwunmi Ambode, Thursday, restated his administration’s commitment to ensure that the Blue Line of the Light Rail Project is up and running by December 2016. Governor Ambode, who spoke at the 5th Lagos Corporate Assembly, a forum for public-private sector engagement held at the Banquet Hall …

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We‘re rebuilding economy from scratch – Buhari tells British MPs, led by Anambra State-born Hon. Onwurah

President Muhammadu Buhari, Tuesday, told the visiting team of British Members of Parliament (PMs) at the State House, that his government was starting all over again to rebuild the economy. The British Members of Parliament (MPs) were led by Anambra State-born Hon. Chi Onwurah to the State House, Abuja. President …

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Saraki receives Innoson Motors CEO; Drives Made-in-Nigeria car; Says it’s govt’s duty to ensure success of indigenous firms

Senate President, Dr. Abubakar Bukola Saraki has said all arms of government have a duty to ensure the success of indigenous manufacturers as a way of rebuilding the economy and putting Nigerian youth to work. Saraki while receiving a delegation from the Innoson Motor Manufacturing Company, Nnewi, led by Chief …

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DMO is the engine room of the Nigerian Economy – Hon. Ajayi, House Committee Chairman; Some of our milestones so far – DG

In line with the usual Legislative tradition, the Committee on Aids, Loans and Debt Management of the House of Representatives undertook a familiarisation visit to the Debt Management Office, DMO, on Wednesday, February 10, 2016. The main purpose of the visit was to provide members of the Committee, led by …

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CAS Abubakar lauds Innoson Vehicle Manufacturing firm for providing NAF with technical support

For helping to modify and overhaul the brake assembly of the MB-339 aircraft for adoption on the Alpha Jets, indigenous auto firm, of Innoson Vehicle Manufacturing (IVM) Company, has received the commendation of the Chief of the Air Staff (CAS), Air Marshal Sadique Baba Abubakar. Abubakar while receiving the management …

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Efficiency Unit devises strategies to manage procurement costs *Says N825Bn spent on travel allowances, stationery, others in 3 years

In furtherance of its commitment to re-prioritising spending and cutting costs on recurrent expenditure, the Efficiency Unit of the Federal Ministry of Finance has said it is planning to introduce detailed price guidelines to ensure value for money in procurement by Ministries, Departments and Agencies (MDAs). To reduce the incidence …

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Recoveries from TSA may reduce amount to be borrowed for 2016 budget – Finance Minister

KEYNOTE ADDRESS BY THE HONOURABLE MINISTER OF FINANCE, MRS. KEMI ADEOSUN ON THE OCCASION OF ONE-DAY TREASURY SINGLE ACCOUNT (TSA) WORKSHOP FOR THE STATES ACCOUNTANTS-GENERAL HELD AT OAGF CONFERENCE HALL, ABUJA ON 8TH FEBRUARY, 2015 All protocols duly and respectfully observed. It is my singular honour and great pleasure to …

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Philip Asiodu Lecture Series debutes; Arunma Oteh delivers the first on role of oil

A group of concerned technocrats and business executives has instituted the Philip Asiodu Lecture Series (PALS) in honour of Chief Philip Asiodu, renowned economist, technocrat, retired Federal Permanent Secretary, former Chief Economic Adviser and Federal Minister. The Lecture Series will serve as a veritable platform for discussing critical national economic …

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Why we need to amend Procurement Law, says Saraki; Receives Made-in-Aba Trade Fair organisers

Senate President, Dr. Abubakar Bukola Saraki has said that as a way of realising the objectives of the 2016 Budget, the Senate will immediately after the completion of the on-going process of passage of the Appropriation Bill, commence the amendment of the Procurement Act. Saraki while addressing the organizers of …

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