Osinbajo urges all tiers of gov’t to adhere to fiscal discipline, enhance revenue generation
Businessam Staff
September 11, 2017
Yemi Osinbajo, the Nigeria’s Vice President, has urged the three tiers of government to ensure adherence to fiscal discipline, enhance revenue generation, and rational allocation, according to NAN. He also called on them to be conscious of the efficient use of resources for Nigeria to achieve sustainable growth. Osinbajo gave the advice at the opening […]
Forex rate, real reason commodities prices still high amid improved economy, MAN chief says
Businessam StaffSeptember 8, 2017
Frank Jacob, an industrialist, and president of Manufacturers Association of Nigeria (MAN) said Friday that the prices of domestic commodities still remain high because the naira-dollar exchange rate is still high. Jacob told the News Agency of Nigeria (NAN) in Lagos that manufacturers are still burdened by the high cost of importation, as the current exchange rate […]
Nigeria’s gov’t supports foreign investors on nickel project to realize economic diversification plan
Businessam StaffSeptember 7, 2017
Nigeria Federal Government has declared support for the success of nickel project and other investors in the mining sector, in the bid to actualise its economic diversification plan. Kayode Fayemi, the Minister of Mines and Steel Development, said in a statement signed by Olayinka Oyebode, the minister’s Special Assistant on Media in Australia Thursday. Oyebode quoted […]
Experts task Nigeria’s FG on strengthening monetary, fiscal policies
Businessam StaffSeptember 6, 2017
Financial experts Wednesday advised the Federal Government to strengthen the current monetary and fiscal policies which exited the country out of economic recession. The experts gave the advice in separate interviews with the News Agency of Nigeria (NAN) in Lagos while reacting to the second quarter report of National Bureau of Statistics (NBS) which indicated […]
Corruption in procurement accounts for over 70% of government’s budget, says ex-minister
Businessam StaffAugust 26, 2017
Corruption in the procurement process has affected the efficiency of public spending and the opportunities to improve quality of lives of Nigerians, Bala Kaoje, a former Minister has said. According to report by NAN, Kaoje, a former Minister of Sports and Youth Development, also said that corruption in the procurement process accounts for over 70 […]
NLC urges FG to engage stakeholders on wage review
Businessam StaffAugust 25, 2017
The Nigeria Labour Congress (NLC) has urged the Federal Government to engage the relevant stakeholders on its proposed wage review for certain agencies. Peter Ozo-Eson, the workers’ union General Secretary said this in an interview with NAN, Friday, in Abuja. Vice President Yemi Osinbajo had recently said that government was considering increasing workers wages especially […]
26 ships laden with petroleum products, food items to arrive in Lagos ports
Businessam StaffAugust 21, 2017
Twenty-six ships laden with petroleum products, food items and other goods are expected to arrive at Apapa and Tin-Can Island ports in Lagos from Aug. 21 to Sept. 2. According to a rep[ort by NAN, the Nigerian Ports Authority (NPA) stated this in its publication, `Shipping Position’ Monday in Lagos. NPA said that the ships […]
25 ships discharge petroleum products, other commodities in Lagos
Businessam StaffAugust 18, 2017
Twenty-five ships are discharging petroleum products and other commodities at Apapa and Tin-Can Island ports in Lagos, the Nigerian Ports Authority (NPA) has said. The NPA stated this in its “Shipping Position’’ released Friday in Lagos. It said that the vessels were discharging buck wheat, general cargo, petrol, containers, bulk maize, empty container, diesel, soya […]
Nigeria pushes diversification agenda with $41bn investment on rail infrastructure
Businessam StaffAugust 16, 2017
Nigeria is pushing an economic diversification agenda by committing $41 billion to a railway expansion programme, which it hopes will help it reduce its dependence on oil, according to Minister of Transport, Rotimi Amaechi, who spoke to Bloomberg in an interview. The investment on rail will improve transport links that would allow the movement of […]
Nigeria to stop issuing fish importation quota to boost local production
Businessam StaffAugust 15, 2017
The Federal Government says it will stop issuing fish importation quota to importers, saying the venture was no longer sustainable. According to agency reports, Heineken Lokpobiri, the minister of state for Agriculture and Rural Development, disclosed this during a meeting with the Ijebu Development Initiative on Poverty Reduction (IDIPR) in Abuja on Tuesday. The minister […]