• Saraki Explains why Budget Allocation to Health Sector Remains Small

    Saraki Explains why Budget Allocation to Health Sector Remains Small

    Senate President, Senator Abubakar Bukola Saraki  has made his opinion on state of health facilities in the country known while addressing a gathering of health advocates, market women and school children at a forum jointly organised in Abuja by the One Campaign, Code and Wellbeing Foundation Africa.

    Saraki  on Thursday said for as long as government spends money on road construction, power generation, railway and other infrastructural facilities which could be invested in by the private sector, the votes for health […]

  • Manufacturers urge CBN to reduce interest rate in the interest of the sector

    Manufacturers urge CBN to reduce interest rate in the interest of the sector

    The Manufacturers Association of Nigeria (MAN), yesterday pleaded for a rate cut to revive the sector, stressing that the Monetary Policy Rate (MPR) at 14 per cent by the apex bank would retard the sector’s growth.

    President Frank Jacobs, president of MAN, told the News Agency of Nigeria (NAN) in Lagos that the 14 per cent MPR would not boost domestic production.

    He said maintaining the present rate would prevent manufacturing from coping with the current recession.

    Central Bank Governor Godwin Emefiele had […]

  • How to end fraud, corruption in downstream sector – Ex-NNPC director explains

    How to end fraud, corruption in downstream sector – Ex-NNPC director explains

    Former Group Executive Director, (GED), Nigeria National Petroleum Corporation, NNPC, Engineer Chris Ogiemwonyi, yesterday said the massive fraud and corruption pervading the downstream sector; the federal government require enormous will power on its part to complete the deregulation of the sector for the nation’s refineries to come on stream.

    Ogiemwonyi, who described the Group Managing Director, GMD of NNPC, Dr Maikanti Baru, as fearless and courageous Engineer expressed confidence that the ongoing restructuring under his tenure will bring about sanity in […]

  • Only best brains needed in public sector, says Saraki

    Only best brains needed in public sector, says Saraki

    Senate President, Dr. Bukola Saraki, on Friday said the nation should create a system that allows its best brains to take over the public sector and make it work for Nigerians.

    A statement by his Chief Press Secretary, Sanni Onogu, disclosed that Saraki made the call while presenting the keynote address at the inaugural National Chevening Alumni Leadership Summit, organised by the British High Commission and the Nigeria Chevening Alumni Association in Lagos.

    According to the statement, Saraki said while the practice […]

  • Mimiko’s neglect of agric sector responsible for poverty level – Akeredolu

    Mimiko’s neglect of agric sector responsible for poverty level – Akeredolu

    It was gathered that candidate of the All Progressives Congress (APC) for November 26th governorship election in Ondo State, Mr Oluwarotimi Akeredolu has taken a swipe at the outgoing governor of the state, Dr. Olusegun Mimiko over what he described as “reckless neglect of agriculture, especially cocoa, to focus on oil boom.”

    Speaking at Idanre when his campaign team visited the palace of Owa of Idanre, Oba (Dr.) Fredrick Aroloye J.P., Akeredolu, a Senior Advocate of Nigeria, SAN, regretted that despite being […]

  • Osinbajo seeks private sector’s support to revamp economy

    Osinbajo seeks private sector’s support to revamp economy

    Vice-President Yemi Osinbajo has called on members of the private sector to see themselves as partners with government in its desire to revamp the economy currently in recession and take the country to a place of permanent prosperity.

    According to a transcript released by his media office on Sunday, Osinbajo spoke while ringing the closing bell at the Nigeria Stock Exchange in Lagos on Friday.

    He observed that while the nation’s economy is facing a lot of problems, government and the private […]

  • FG will not revoke power sector contracts, says Fashola

    FG will not revoke power sector contracts, says Fashola

    It was gathered that the Minister of Power, Works and Housing, Mr Babatunde Raji Fashola, on Thursday said the Federal Government would not revoke the privatisation of the nation’s power sector.

    Fashola made the assertion at the 5th European Union (EU)-Nigeria Business Forum with the theme: “Harnessing Nigeria’s Potential for Economic Growth” in Lagos.

    “The Federal Government will respect and uphold the contract it has been committed to and inherited from the past administration.

    “I am not in charge of power sector to […]

  • Reps panel decries non-patronage of Nigerians in oil and gas sector

    Reps panel decries non-patronage of Nigerians in oil and gas sector

    It was gathered that the House of Representatives committee on local content has decried the non-patronage of qualified Nigerians in the oil and gas sector.

    Chairman of the committee, Mr. Emmanuel Okon, spoke on the issue during a stakeholders meeting on expatriate quota in the sector. He remarked that most oil firms have no quota approvals for the expatriates working them.

    He further stated that findings by the committee indicated that some of the firms engaged expatriates that are not qualified to […]

  • I will surely fix power sector before I leave office,  says Buhari

    I will surely fix power sector before I leave office, says Buhari

    Poised to engender good governance in Nigeria, President Muhammadu Buhari has said he would surely solve the country’s perennial electricity problem, fix the Niger Delta security problem and also improve the infrastructural status before leaving office.

    He also said that public office holders in Nigeria must be made to be accountable, restating the determination of his administration to restore the country to the “good old days of accountability”.

    The president spoke at a meeting with the Director, Global Upstream of Shell Oil […]

  • Power sector debts hit N809bn

    Power sector debts hit N809bn

    It was gathered that the indebtedness to Nigeria’s power sector as a whole is worth N809bn, industry operators have revealed.

    According to the chief executive officers and senior management members of the Niger Delta Power Holding Company; Association of Nigerian Electricity Distributors, an umbrella body of the power distribution companies; Nigerian Electricity Regulatory Commission; gas producers; as well as power generation companies, the power sector may collapse soon if nothing serious is done to clear the debt.

    The operators spoke at the […]

  • FG approves N30bn intervention fund for mining sector

    FG approves N30bn intervention fund for mining sector

    It was gathered that the Federal Executive Council on Wednesday approved a N30bn intervention fund for the mining sector.

    It also approved technical advisers for the concession of railway line.

    The decisions were taken at a meeting of the council presided over by President Muhammadu Buhari.

    The Minister of Information, Alhaji Lai Mohammed; Minister of Mines and Steel Development, Dr. Kayode Fayemi; and the Minister of Transportation, Mr. Rotimi Amaechi, briefed State House correspondents at the end of the meeting.

    Fayemi said the approval […]