Economy

The Minister of Agriculture and Rural Development, Sabo Nanono, on Wednesday said the target of the Federal Government was to drive Nigeria’s agricultural mechanisation programme with about 60,000 tractors. Nanono said the programme would ensure a paradigm shift from subsistence practice to commercial agro-industrial farming for food production, procurement of …

The Comptroller-General of Immigration Service, Muhammad Babandede, has said 1,579,773 persons passed through the nation’s borders in 2020. The CG said passenger movement across the air borders was 1,256,652, while the land borders recorded 109,854, and the seaport, 213,161. About 106 stowaways were intercepted during the period. A statement on …

The Civil Resource Development and Documentation Centre, CIRDDOC, Wednesday, declared Jigawa State top among 36 States on Budget Transparency Index 2020 ranking. This was made known by the Lead Researcher, CIRDDOC, Engr Ralph Ndigwe, why presenting ‘2020 Nigerian States Budget Transparency Survey’, which was funded by the Foreign Commonwealth and …

A fresh warning of imminent famine by United Nations agencies crowned a week of bad news for Nigerians and the economy. The listing of the country among three vulnerable “hunger hotspots” followed a further spike in inflation, rising fiscal deficits, crippling debts and repayment obligations, as well as the continuing crisis …

Port Harcourt refinery generated zero revenue in 2019, TAM a financial mess, says Atedo• Atiku wants NNPC, refineries, others privatised• IYC backs NLC against fuel price increment, urges FG to license local refineries The debate over Federal Government’s proposed $1.5 billion to be spent on rehabilitating the 210,000-barrel per day …

KINGSLEY OMOYENI Governor of Osun, Mr Adegboyega Oyetola will tomorrow officially commision the State Integrated Financial Management Information System (SIFMIS), an application built to automate the state’s financial management system. According to a statement signed by the Commissioner for Finance, Mr Bola Oyebamiji, the application built through the support of …

To diversify the economy, Nigeria must up the ante in exploring its huge solid mineral deposits, says Senate President, Ahmad Lawan. In his concluding remarks after a bill seeking to establish the Nigerian Minerals Development Corporation (NMDC) scaled second reading on the floor yesterday, he said the exploration of solid …

Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, has charged operatives of Nigeria’s focal anti-corruption agency to be disciplined, and discharge their duties with utmost professionalism. Bawa gave the charge on Monday during an operational visit to the Sokoto Zonal Office of the commission. In a statement by …

Last Wednesday, state capitals across Nigeria witnessed protests by members of the Nigeria Labour Congress (NLC) against the plan to remove the country’s minimum wage from her Exclusive Legislative List. Expectedly, several elite voices have since condemned Labour on the subject. While some, such as governors elected on the platform …

World Trade Organisation director-general Ngozi Okonjo-Iweala said the organisation is concerned about how Nigeria is managing its foreign exchange. “The WTO is concerned about foreign exchange, the way we manage it and how we use it to support manufacturing, export and import in our economy, ” Okonjo-Iweala told reporters after …