Press spotlights sack of management of power firm over workers strike, others
- Dec 8, 2021 3:37 pm GMT
The Guardian reports that in a rare and bold move, President
The announcement made through the
Although the government has about 40 per cent share in the utility company the President, according to some stakeholders, may be interfering in the sector and playing the roles of the
A statement from the Minister of State for Power,
Agba linked the decision to the recent strike embarked upon by AEDC staff over backlogs of pensions, allowances, salaries and promotion.
The Federal Capital Territory of Abuja, Nasarawa, Kogi, parts of Edo,
The newspaper says that plans are underway by the Federal Government to develop a web app to assist Nigerians to monitor development projects across the country.
The Minister of State for Budget and National Planning,
To ensure transparency and accountability in the delivery of government’s capital projects countrywide, he said: “The Budget and National Planning arm of the ministry is working on a Web App – the Eye Mark – that will assist citizens to ‘eye mark’ and report on government’s projects and programmes ‘earmarked’ for their communities.”
To do this, Nigerian citizens will use their mobile phones, in “real-time” to monitor the level of progress on capital projects sited in their communities. Providing more insight into how the web app will work, the Minister said:
“The app is about 90 per cent developed and the government requires the active participation in the process of tying budget provisions to projects and getting time value of money earmarked for capital projects as governance is a collective responsibility by all citizens.”
ThisDay reports that the Minister of State for Industry, Trade and Investment, Mrs. Maryam Katagum, has insisted that the Nigerian economy had now been fully diversified from oil and gas with remarkable advances into sectors including ICT, creative industry, services and agriculture under the leadership of President
The minister also commended the “highly successful Arise Fashion Show 2021,” as part of Dubai Expo’s Nigeria National Day events, which took place in
She said the “show captivated the audience with the dynamic creativity and innovative styles of Nigerian fashion icons and pacesetters” and demonstrated the potentials of the sector to contribute substantially to economic growth and job creation.
Speaking at the opening of the maiden Enjoy Nigeria Expo (ENEX) themed: “A Future Assured through Cultural Creativity” in Abuja, Katagum said the current administration is purposely committed to repositioning and building a more robust and resilient economy that is less dependent on the oil sector.
It stated that a maximum loan of N5 billion per obligor would be approved under the initiative, adding that any amount above N5 billion would require special approval of its management.
According to the apex bank, the facility is a long-term loan for acquisition of plant and machinery, as well as working capital.
“The initiative will create the flow of finance and investments to enterprises with potential to kickstart sustainable economic growth trajectory, accelerate structural transformation, promote diversification, and improve productivity.
“It is a support to private sector companies with the aim of reducing certain imports, increasing non-oil exports and to improve the FX-generating capacity of the economy,” it stated.
The CBN said the broad objective of the initiative is to reverse the nation’s over-reliance on imports by creating an ecosystem that targets and supports projects with potentials to transform and catalyse the productive base of the economy. The newspaper reports that the Federal Government has begun the implementation of the National livestock transformation Plan (NLTP) expected to halt dairy importation of milk and yoghurt, and address other challenges besetting the country’s livestock development.
Minister of Agriculture and Rural Development
Represented by the Director,
The commission also disclosed that the much-anticipated mock auction of the 5G spectrum for qualified telecommunication companies would hold on Friday, in preparation for the main auction scheduled for
These were disclosed by the Executive Vice Chairman/Chief Executive Officer, NCC, Prof. Umar Danbatta, at a capacity building workshop themed, ‘5G Deployment and the Next Level of Nigeria’s Development’, organised by the commission in
He said, “It is expected that the roll-out of the 5G will be carried out in phases beginning with major cities in the country where there is a need for high-quality broadband.”
According to him, the commission will carry out its mock auction of the 5G in on
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