Economy Archives - Page 72 of 95

Dec

13

2022

Whole System Transformation (WST) – Ukpai Iro’s Blueprint for a better Abia State

Abia State, Economy, Ohafia, Opinion, Politics2023, Abia State, Next Level, Nigeria, Ohafia, Ohafia4Gov2023, Politics, Ukpai Iro Ukpai

By Hugh Pettman Nigeria is Africa’s most highly populated country that has a diis verse geography and climates and the continent's largest economy. Dr. Ukpai Iro Ukpai stands for the position of governor of God’s Own State to replace a road-building governor who has not had the vision needed to turn the considerable amount of domestic, industrial, and institutional waste that is rapidly accumulating in Abia state into a waste to an energy system that can produce several valuable by-products including clean, recycled potable water, fertilizer, and electricity as well as a much needed agricultural product, BioChar. Profits from these…

Dec

12

2022

By Amos Oge Kalu

Debt servicing to gulp 123% of 2023 revenue

Business, Economy, LifestyleBusiness, Economy, Nigeria, Politics

The World Bank has projected that debt servicing will gulp 123.4 per cent of the Federal Government’s revenue in 2023. This was according to a presentation made by the new World Bank Lead Economist for Nigeria, Alex Sienaert, in November 2022, which was obtained by our correspondent. The document was entitled, ‘Nigeria Public Finance Review: Fiscal Adjustment for Better and Sustainable Development Results.’ The document projected that debt servicing would gulp 100.2 per cent of Federal Government revenue by the end of 2022. This was a decline from the earlier projection in its October Africa’s Pulse report, which is a…

Dec

09

2022

By Amos Oge Kalu

Ibe Okwara Pledges To Improve Human Capital Development of Aro/Ohafia Fed. Constituency

Abia State, Amos Oge Kalu, Economy, Ohafia, Opinion, Politics2023, Abia State, Ibe Okwara Osonwa, Next Level, Nigeria, Ohafia, Opinion, Politics

The Labour Party candidate for Arochuwku/Ohafia Fed Constituency in the 2023 General election, Honourable Ibe Okwara Osonwa, has revealed that he will do more to improve the human capital development of the constituency if elected as their representative. This was disclosed in a brief key points pointer to his manifesto which will be revealed in no distant time for public consumption and perusal. The brief leveled by his formidable media team states thus; MANIFESTO PLEDGE ON HUMAN CAPITAL DEVELOPMENT • Legislation for more emphasis on human capital development towards accelerating the economic growth for the constituency, state, and the nation…

Dec

09

2022

By Amos Oge Kalu

CBN may ‘tweak’ new cash withdrawal limits, says Emefiele

Business, Economy, NewsBusiness, CBN, Economy, Emefiele, Metro, Nigeria

ABUJA-Central Bank of Nigeria, CBN, Governor, Mr. Godwin Emefiele, yesterday, said that the apex bank would consider tweaking the new weekly cash withdrawal limits of N100,000 and N500,000 for individuals and corporate bank customers. Emefiele, who addressed State House correspondents after meeting behind closed doors with President Muhammadu Buhari in Daura, Katsina State, assured that the apex bank would not be rigid on the policy as it was not meant to hurt anybody but to strengthen the nation’s economy. Emefiele also hinted that over N1 trillion worth of old notes had been deposited by bank customers, adding that the CBN has…

Dec

09

2022

By Amos Oge Kalu

Govt agencies, marketers agree to end petrol scarcity in 48 hours

Business, Economy, MetroBusiness, Economy, Fuel Scarcity, Metro, Nigeria, NNPC

Federal Government agencies and petroleum marketers have undertaken to end the crippling shortage of petrol across the country that has seen pump prices hit N285 per litre. Speaking after a meeting at the Nigerian National Petroleum Company Limited, Nigerian Midstream, and Downstream Petroleum Regulatory Authority, NMDPRA, in Abuja on Thursday, the operators said the depots would work for 24 hours daily until the queues are cleared. The meeting had in attendance officials of the Department of State Services, the Major Oil Marketers Association of Nigeria, Depot and Petroleum Products Marketers Association of Nigeria, Independent Petroleum Marketers of Nigeria, National Union…