By LAZARUS IBEABUCHI & NAOMI UZOR LAGOS — The Lagos Chamber of Commerce and Industry, LCCI, said the country’s current debt profile was not sustainable, adding that the high cost of government borrowing was not healthy for the economy. Speaking at its third quarter press conference on the economy by its President, Mr Goodie Ibru, […]
BY MICHAEL EBOH LAGOS — Nigeria has been ranked among the bottom 10 performers in terms of governance in the African continent, according to the 2012 Ibrahim Index of African Governance, IIAG, released yesterday, by the Mo Ibrahim Foundation. According to the report, despite improvements in governance in many countries, Nigeria along with other African […]
BY DAYO JOHNSON THE Inspector General of Police, IGP, Mohammed Abubakar, yesterday withdrew all police orderlies attached to political office holders in Ondo State just as he announced restriction of movement into the state from this evening. There was, however, uncertainty yesterday if the withdrawal would also affect Governor Segun Mimiko, who is also standing […]
No fewer than 11 key sector Ministers and 8 Nigerian governors are expected to attend a two-day US-Nigeria infrastructure conference which opens today Wednesday October 10, 2012 in Washington, DC. The conference which is titled “Building the Infrastructure for Nigeria’s Vision 20:2020” would provide opportunity for each minister to showcase potentials of their ministries before […]
The Obong of Calabar, Edidem Ekpo Okon Abasi Otu, joined the natives of Bakassi Local Government Area of Cross River State as they gathered at the Millennium Park in the state capital, Calabar, on Wednesday, for a solemn assembly. The assembly, which was organised by the Efik kingdom to coincide with the October 10 date […]
Subsidy scam: Uba’s arrest scares marketers | Print | E-mail Monday, 15 October 2012 Following the arrest of Mr Ifeanyi Uba of Capital Oil, the presidency has directed anti-graft agencies to go after all those involved in the fuel subsidy scam with a warning that there is no sacred cow in the anti-corruption war. Uba, who is known […]
The offices of three principal functionaries of the Federal Republic of Nigeria – the President, the Vice-President and Secretary to the Government of the Federation – will spend N1.59bn on welfare packages in 2013. While Goodluck Jonathan is currently the president, Namadi Sambo is the VP. The office of the SGF is occupied by Anyim […]
By Tony Edike, Enugu Former member of House of Representatives for Anambra East and West Constituency, Chief Ralph Okeke, Friday, faulted the Federal Government’s decision to channel the N17.6 billion flood disaster relief fund through the governments of the affected states, saying, government bureaucracy would eventually reduce the fund by 50 percent before it gets […]
President Goodluck Jonathan on Thursday said 50 to 70 per cent of many states in the country had been submerged by floods. He said since the compilation of data on the victims were still ongoing and there was a strong possibility that the figure might be more than that. Jonathan spoke at the Presidential Villa, […]
Economic and budgeting experts have expressed worries over the ability of the Federal Government to successfully implement the 2013 budget, which was presented to a joint session of the National Assembly on Wednesday, saying its performance on the current fiscal year leaves room for concern. According to the experts, the government must ensure that it […]
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