The news from Dangote Group considering its involvement in the economic climate in Nigeria is not something to cheer about. First, the group is lamenting the hostility it is facing in the oil and gas sector. And that is at a time Nigerians are jumping for joy that Dangote has come to save them from…
Vulnerable homes in Akwa-Ibom State have been told to expect the distribution of 48,000 bags of rice, as palliative by the federal government to cushion hardship caused by various economic reforms in the country. The move was disclosed at a press briefing at the NUJ Press Centre in Uyo on Friday, by the Commissioner for…
…. SHUTS DOWN ILLEGAL GOLD MINING SITE IN KOGI The Federal Government on Friday announced the shutdown of an illegal gold mine site in Yagba East Local Government Area of Kogi State. The Minister of Solid Minerals Development, Mr. Dele Alake, said the move was part of the Federal Government’s commitment to combat illegal mining…
The Federal Government has announced that the first National Agricultural Land Development Authority Institute of Agribusiness and Entrepreneurship would begin operations in September this year. The Executive Secretary of NALDA, Paul Ikonne, said the institute would be established in the six geopolitical zones of Nigeria, adding that the first Institute of Agribusiness and Entrepreneurship would…
By the time the National Assembly is through with the amendment of the Nigeria Mineral Development Company Ltd (Establishment) Bill 2023, there should be enough window for better benefits for communities where solid minerals are mined in the country. This indication came to the fore Wednesday in Abuja during the public hearing organised by the…
When the Nigeria Bureau of Statistics, NBS. released it’s latest report on inflationary trend, the position of some states raises concerns about the real causes of hike in prices of food items. This is because the factors indicated as major causes of rising cost of food items are not known to be prevalent in some…
The policies of President Bola Tinubu’s administration have minimal effect on the economy. Rather than ease the inflationary trend, headline inflation continues to run causing a surge in the prices of goods and food in particular. The situation now is that Nigeria’s food inflation has reached an all-time high of 40.87 per cent as the…
For Nigeria not to be left behind, the development finance institutions in the country must draw up packages to provide operational funds for agriculture and other emerging cultures like technology, energy, biodiversity and others. This was the challenge posed by the Minister of Industry, Trade and Investment, Doris Uzoka-Anite. She specifically encouraged the Bank of…
Except a drastic action is taken, fish and other aquatic foods run the risk of been driven to extinction by climate change. This warning came from the Food and Agriculture Organization, a unit of the United Nations, UNO. According to the organisation, new projections have shown that climate change poses serious risks to marine ecosystems…
Beginning from Tuesday July 16 to Thursday July 18, Nigeria will play host to government officials and private sector operators in Africa for the third summit on Africa’s natural resources and energy. The summit scheduled to hold at the Banquet Hall in the State House, Abuja, is partly a celebration of the stride that the…
