• Ajaokuta, Itakpe concession to generate revenue for Nigeria, says Fayemi

    Ajaokuta, Itakpe concession to generate revenue for Nigeria, says Fayemi

    Dr Kayode Fayemi, Minister of Mines and Steel Development says Ajaokuta and Itakpe modification concession will form the proposed economic resources corridor for Nigeria.

    Fayemi announced this during a two day workshop on Policy and Capacity Building for a Successful and Sustainable Mining Sector, on Monday in Abuja.

    The workshop was organised by the ministry in collaboration with the Australian High Commission.

    The Minister, who was represented by Alhaji Mohammed Abbas, Permanent Secretary in the ministry, said that President Muhammadu Buhari was committed […]

  • Gas Will Generate More Revenue Soon – Kachikwu assures

    Gas Will Generate More Revenue Soon – Kachikwu assures

    According to reports, the Minister of State for Petroleum, Dr Ibe Kachikwu, on Monday said Federal Government would give more attention to the development of gas as a major revenue earner for Nigeria.

    Kachikwu, who stated this in Abuja at the 10th Nigerian Gas Association International Conference, said that the country was determined to reverse its over-dependence on oil as benchmark for the economy.

    The theme of the conference is “Nigerian Gas Roadmap and Its Potential for Regional and Global Influence: Its […]

  • MOSOP to generate database of contractors, others for Ogoni cleanup

    MOSOP to generate database of contractors, others for Ogoni cleanup

    According to reports, the Movement for the Survival of Ogoni People (MOSOP) has commenced the process of generating comprehensive database of graduates, contractors and artisans in Ogoniland ahead of the full implementation of the Ogoni cleanup.

    MOSOP Publicity Secretary, Fegalo Nsuke disclosed this in a statement made available to the News of Nigeria (NAN) in Abuja yesterday.

    Nsuke said MOSOP President, Legborsi Pyagbara made the announcement after a meeting between the organisation and representatives of Nigerian National Petroleum Corporation (NNPC) in Port […]

  • Nigeria can generate over N20trn from cassava – Adewumi

    Nigeria can generate over N20trn from cassava – Adewumi

    Pastor Segun Adewumi, the National President, Nigeria Cassava Growers Association says cassava can generate over N20 trillion for the country, annually if adequately utilised.

    Adewumi stated this in an interview with the News Agency of Nigeria (NAN) in Abuja on Monday.

    He said that cassava which was one of the most reliable cash crops in the world that could also be used to trigger industrial revolution and solve Nigeria’s economic problems.

    Adewumi lamented that the country spent over N600 billion yearly to import […]

  • Customs generate N385.7bn revenue in 6 months

    Customs generate N385.7bn revenue in 6 months

    The Nigeria Customs Service (NCS) said it generated N385.7 billion revenue from January to June this year.

     

    This was against the N438.2 billion generated in the same period in 2015.

    The NSC Public Relations Officer, Mr Wale Adeniyi, disclosed this to the News Agency of Nigeria (NAN) in an interview on Monday in Abuja.

    Adeniyi said that the service generated N197.7 billion from import duties in cash and generated N203 million from import duty in non-cash receipts as Negotiable Duty Credit Certificate (NDCC).

    He […]

  • Customs generate N695.2m in Seme

    Customs generate N695.2m in Seme

    The Nigeria Customs Service, Seme Command, on Monday said it generated N695.2 million as revenue for the month of June.

    This is contained in a statement signed by the command’s spokesperson, Mr Selechang Taupyen.

    Taupyen noted in the statement that the revenue represented 69 per cent of the command’s monthly target of N1.1 billion.

    “There has been an increment on the revenue that was generated due to the gradual increase in the economic activities across the nation’s land border.

    “The commencement of the flexible […]

  • Nigeria to generate over $13bn in savings/earnings from Dangote refinery – FG

    Nigeria to generate over $13bn in savings/earnings from Dangote refinery – FG

    According to reports, the Federal Government, at the weekend, disclosed that on completion, Dangote Refinery, which is estimated to cost $12 billion, would enable Nigeria save over $7.5 billion from foreign exchange (Forex) on import substitution of petroleum products and realise over $5.5 billion on Forex earnings from exports per annum. That is the nation would make yearly gains of over $13 billion.

    Prof. Yemi Osinbajo, the Vice President, disclosed this during his tour of the Dangote Refinery located at the […]

  • FG reveals new programme to generate 36,000 jobs

    FG reveals new programme to generate 36,000 jobs

    The Minister of Industry, Trade and investment, Dr. Okechukwu Enelemah, weekend stated that the federal government was committed to tackling unemployment in the country through the Youth Entrepreneurship Support Programme (YES-Programme), which was expected to generate 36,000 jobs for the nation.

    He explained that as part of the federal government’s drive and wealth creation programme, which is aimed at addressing the malaise of youth unemployment, the Bank of Industry (BOI) evolved a N10 billion YES programme.

    The committee that will screen the […]

  • Ogun to generate electricity from sawdust, towards increasing power supply

    Ogun to generate electricity from sawdust, towards increasing power supply

    According to reports, the Ogun State Government says it plans to generate electricity from sawdust as part of its contribution towards increasing power supply in the country.

    The Commissioner for Forestry, Chief Kolawole Lawal, stated this during a visit to sawmills in Ijebu-Igbo, Ijebu-East Local Government Area of the state.

    Lawal was quoted as saying that the United Nations Industrial Development Organisation and Energy Commission of Nigeria, in collaboration with the state government, were working together to come up with a technology […]