Economy

The Minister of Works and Housing, Babatunde Fashola says Nigeria needs 1.2trillion Naira for roads and bridges but the government is only able to provide 198.9 billion Naira. The former Governor of Lagos State while appearing to defend the budget of his ministry before the House of Representatives Committee on Works yesterday, lamented the difference between the cost of highways and the envelope budget provided by the government. He stated […]

President Muhammadu Buhari yesterday said he is fully in support of the Central Bank of Nigeria CBN’s move to redesign the naira notes, adding that he is convinced that the nation will gain a lot by doing so. Speaking in a Hausa radio interview Buhari said reasons presented to him by the CBN convinced him that the economy stood to benefit from the reduction in inflation, currency counterfeiting, and the […]

The National Publicity Secretary of the Pan-Niger Delta Forum Pandef, Ken Robinson has said the incidence of oil theft in Nigeria, is not a new development in the country. Robinson, who was featured as a guest on the breakfast political program of Urban Radio, The Parliament asserted that crude oil theft, was not carried out by Niger Deltans, but by highly placed political officials who have the means to conduct […]

The Government of Imo State has visited and assisted the flood-displaced victims in Ohaji/Egbema and Oguta with relief materials, funds, and food items through the Imo State Oil Producing Areas Development Commission Isopadec. On arrival, the Deputy Governor of the State, Professor Placid Njoku, the General Manager of Isopadec, Charles Orie, Minister for State Education Nana Opiah, and a host of other officials, were received by the Traditional Rulers of […]