President Bola Tinubu has approved the appointment of Chief Executive Officers of several agencies and parastatals under the Federal Ministry of Industry, Trade and Investment. According to a statement on Friday by the Special Adviser on Media and Publicity to the President, Chief Ajuri Ngelale, the appointments are “in line with his resolve to base Nigeria’s economic revival on the …

Experts have commended the Ministry of Solid Minerals Development on its transformative plans to reposition and sanitize the mining sector towards achieving rapid economic development of the country. Panelists on the Nigerian Television Authority programme, Good Morning Nigeria recommended that the Ministry should have a positive outlook on previous roadmaps and policies that were enunciated in year 2012 and 2106 …

Governor Babajide Sanwo-Olu is seeking the approval of the Lagos State House of Assembly to reorder N234.669 billion from the 2023 budget of N1.768 trillion. The governor said the reordering would enable the government focus more on capital expenditure and palliatives to cushion the effects of the current economic challenges faced by residents of the State. In a letter read …

The Minister of Solid Minerals Development, Dr. Oladele Alake has restated that the decision of the Federal Government to diversify from hydrocarbon to making the minerals sector major contributor to Nigeria’s gross domestic product is the country’s contribution to climate change. Dr Alake dropped this hint While receiving a delegation of the Miners Association of Nigeria, led by its National …

President Bola Ahmed Tinubu on Sunday declared that, with the hitherto abandoned Ajaokuta Steel Complex now nearing completion, the project would have the capacity to employ 500,000 Nigerians once designated as a free trade zone. The President further promised to fully harness the potentials of the complex once it is completed, as it would boost Nigeria’s foreign direct investment and …

Solid Minerals Minister, Dr. Oladele Alake has commended Africa Finance Corporation (AFC) for supporting the Tinubu administration in its agenda to transform the solid minerals sector into the country’s highest source of revenue. During a business visit of AFC’s President/Chief Executive Officer, Mr Samaila Zubairu to his office in Abuja on Tuesday, Alake said that every effort made through policies …

The Federation Account Allocation Committee (FAAC) has shared N1.1 trillion to the Federal Government, states and Local Government Councils (LGCs) for August. According to the communiqué of FAAC’s September 2023 meeting, the N1.1 trillion distributable revenue comprised statutory revenue of N357.398 billion, Value Added Tax (VAT) revenue of N 321.941 billion and Electronic Money Transfer Levy (EMTL) revenue of N14.102 …

The National President of the Nigerian Union of Local Government Employees (NULGE), Ambali Olatunji has chided President Bola Tinubu for his economic policy, which he said, is hurting the masses. Olatunji, who spoke in Benin City, Edo State, during the opening session of a two-day National Youth Conference organised by the union on Tuesday evening, also berated President Tinubu for …

The Secretary to the Government of the Federation (SGF), Senator George Akume has said that the Federal Government would soon publish the audit report of the probe of the Central Bank of Nigeria (CBN). This is as he hinted that the SGF hinted on Monday that the report would reveal how poor governance brought the country to the present predicament. …

President Bola Ahmed Tinubu has been urged to tap into the benefits of the Igbo apprenticeship system in order to tackle the scourge of youth unemployment in Nigeria. At the sidelines of a public book presentation by The Sun newspapers in Abuja on Thursday, the chairman of United Nigeria Airlines Limited, Prof. Obiora Okonkwo said the apprenticeship scheme has the …