According to reports, the plan by the Federal Government to borrow $30 billion external loans to tackle the country’s infrastructural needs will not address the supply gap in the foreign exchange market currently hurting private sector operators.
Chairman, Apapa branch of Manufacturers Association of Nigeria, MAN, Mr. Babatunde Odunayo, who disclosed this at the association’s 45th Annual General Meeting, AGM, in Lagos, said infrastructure and project-tied loans served a different purpose and benefit only lender countries.
He said government should, instead, negotiate […]
President Muhammadu Buhari, on Saturday, admitted that there was no easy solution to myriads of problems bedevilling Nigeria.
In a nationwide broadcast to commemorate the country’s 56th Independence Day anniversary, the President, however, assured Nigerians that his administration was pursuing the solutions available to it with a view to repositioning the country.
Buhari said it was normal for countries to face ups and downs, while attributing the economic recession in the country to a shortage of foreign exchange and violence by the […]
Popular Nollywood producer, Emem Isong, has addressed the allegations that male producers demand for sex from up and coming female actresses in the industry.
The script writer told Encomium, “I don’t know anything about that. I am not saying it does not exist, but I wouldn’t know what can be done.
Emem also shared her thoughts on the notion that the industry is collapsing.
According to her, “I feel the industry is getting better, though things seem a little bit slower because there […]
A Chieftain of the All Progressives Congress, APC, in Delta State, Chief John Orido has declared that President Muhammadu Buhari is the answer to Nigeria’s problem.
Speaking in Asaba, the state capital, the APC Chieftain boasted that the party will take over the state and indeed the entire country in subsequent elections.
Orido also noted that President Muhammadu Buhari has what it takes to tinker the country out of its current challenges.
He said Buhari “is the solution to Nigeria because of his […]
We know Power Sector problems and its solution – Group claims FG is not listening to their complaints
According to reports, the Senior Staff Association of Electricity and Allied Companies (SSAEAC) declared readiness on Monday to reveal challenges facing Nigeria’s power sector and how to solve them.
The association also said it would not relent until the All Progressives Congress (APC)-led Federal Government listens to them. The union listed low fund collection by the Discos and non-supply of metres to consumers as part of the sector’s problems.
Mr Chris Okonkwo, newly-elected president of the union told newsmen in Lagos, during the […]