In December 2022, Nigeria’s government, in partnership with the Central Bank of Nigeria (CBN), and in connivance with the National Assembly, decided to securitise its ways and means drawdowns, a move that contravened the CBN Act’s borrowing limits. Amidst this, the government’s dependence on ways and means advances to finance budget deficits since 2015, culminating Read More…
In a landmark development, the African Development Bank (AfDB) Group unveiled its inaugural report titled “Benchmark Macroeconomic Models for Effective Policy Management in Africa.” Prof. Kevin Urama, the Chief Economist and Vice-President of Economic Governance and Knowledge Management at AfDB, introduced the report during the African Economic Conference (AEC) held in Addis Ababa, Ethiopia. According Read More…
The Federal Government has introduced two five-year policies aimed at revitalising the country’s production and investments in the industry and trade sectors. Dr. Doris Uzoka-Anite, the Minister of Industry, Trade, and Investment, revealed the policies—Nigerian Investment Policy-2023-27 and Trade Policy of Nigeria-2023-27—virtually during the closing of the 15th National Council of Industry, Trade, and Investment Read More…
Lagos State Governor, Mr Babajide Sanwo-Olu, has appealed to citizens to rally behind the government’s policy initiatives, emphasising the pivotal role of public relations in building mutual trust and understanding. Speaking at the 17th International Public Relations Congress organized by the Business Education Examinations Council (BEEC), Governor Sanwo-Olu underscored the importance of re-establishing trust and Read More…
Lagos, once a modest fishing village and pepper farm, has blossomed into a bustling metropolis, becoming Nigeria’s economic powerhouse and a key player in West Africa. With unprecedented growth, it is projected to become Africa’s most populous city within the next 50 years, with a staggering rise in population from 15 million to an estimated Read More…
The Lagos State Government has reaffirmed its dedication to improving the state’s food safety and decreasing food contamination. This was announced by Dr. Lola Akande, the Lagos State Commissioner for Commerce, Industry, and Cooperative, on Tuesday during the second annual Lagos State Food Safety Conference & Exhibition in Alausa, Lagos. The Lagos State Consumer Protection Read More…
With the approval of Lagos State’s governor, Babajide Sanwo-Olu, the bursary given to students from Lagos State at universities and colleges across the country has been increased by 100 per cent. The Executive Secretary of the Lagos State Scholarship Board, Mr. Abdur Rahaman Lekki, said in a statement on Sunday that the increase would start Read More…
The House of Representatives passed the 2023 appropriation bill for second reading despite opposition from members about the nation’s high debt level and ongoing fuel subsidy payments. The two problems, according to the House, are the main causes that are harming the country’s economy. The breakdown of the budget was read to the House at Read More…
Alhaji Lai Mohammed, the Minister of Information and Culture, in his welcome address at the 62 years Independence Public lecture in Abuja on Thursday, has said that the elite has a great role to play in protecting the nation, Nigeria, given the issue of restoration of peace in parts of the country. The “Elites and National Unity” lecture, was organised by Read More…
Vice-President Yemi Osinbajo on Wednesday physically attended the Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari at the Presidential Villa, Abuja. Osinbajo had undergone a surgical operation on July 16, at the Duchess International Hospital, Ikeja, Lagos. The vice president was later discharged on July 25 after successful surgery and recovery. On Aug. Read More…
