In picture above: Members of the Fiscal Efficiency and Budget Committee of the Revenue Mobilisation and Fiscal Commission (RMAFC), who were on a verification exercise of the projects executed by the Lagos State Government. Lagos State Governor, Mr. Babajide Sanwo-Olu, has requested that the State Government should be allowed to draw from the Natural Resources Read More…
The Senate on Wednesday approved $1.5billion and €995million external loan requests From President Mohammadu Buhari. The approval was sequel to the consideration of the report of the Senate Committee on Local and Foreign Debts presented by its Chairman, Sen. Clifford Ordia (PDP-Edo) during plenary. The president had in May 2020 sent a letter to the Read More…
The Central Bank of Nigeria (CBN) has urged commercial banks to leverage their presence in other parts of Africa to support Nigerian businesses seeking to plant their footprints into new markets. The CBN Governor, Mr Godwin Emefiele, gave the advice at the Zenith Bank’s 2021 Export Seminar on Tuesday in Lagos. Emefiele called on the Read More…
President Muhammadu Buhari on Tuesday pledged that the Federal Government would support massive investments in Lagos State to boost its economic potential as one of the world’s fastest growing megacities. Buhari made the pledge in a virtual goodwill message during the Lagos Economic Summit (Ehingbeti) 2021 themed: ”For a Greater Lagos: Setting the Tone for Read More…
Lagos State Governor, Mr Babajide Sanwo-Olu says the state will be a megacity standing proudly beside every other one in many areas by the year 2030, going by the transformation in process. Sanwo-Olu said this on Tuesday, during the Lagos Economic Summit (Ehingbeti) 2021,with the theme: ”For a Greater Lagos: Setting the tone for the Read More…
The United Nations (UN) has renewed call for developed nations to fulfill their pledge to provide 100 billion dollars a year for developing countries to support both climate mitigation and adaptation. UN Secretary General António Guterres made the call at the virtual 2021 UN Climate Change Conference Roundtable on Clean Power Transition, according to a Read More…
The Lagos State Government has indicated a monthly target of N60.318 billion Internally Generated Revenue (IGR) to fund the 2021 budget. Speaking during a media briefing on the Analysis of the Year 2021 Budget at Alausa, Ikeja, the Commissioner for Economic Planning and Budget, Mr Sam Egube, said that the budget size was N1.164 trillion. Read More…
The World Bank says global economy is expected to grow by 4 per cent in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. It said this in a statement issued in Washington D.C. on Tuesday at the presentation of the January 2021 Global Economic Prospects. It added that the said recovery Read More…
African Union (AU) Chairperson Cyril Ramaphosa and Ethiopian Prime Minister Abiy Ahmed have congratulated Africans for starting trading under the African Continental Free Trade Area (AfCFTA). Abiy tweeted: “Congratulations to our continent for the beginning of trading under AfCTA. The new frontier for Africa is indeed regional integration, where minds are open to ideas and Read More…
The African Continental Free Trade Area (AfCFTA) agreement comes into effect on January 1, 2021, but Zambia is one of the 21 countries that have not yet deposited their instruments of ratification. Zambia’s Minister of Commerce, Trade and Industry, Christopher Yaluma, disclosed at a media briefing in Lusaka on Thursday that the official launch of Read More…