Economy Archives - Page 61 of 71

Oct

16

2022

Buhari’s regime borrows N31tn, to leave N39.12tn debt for successor

Business, Economy, Opinion, PoliticsBudget, Business, Economy, Mohammadu Buhari, Nigeria, Politics

The National Assembly has approved or at least received budget estimates worth N93.453tn from the President, Major General Muhammadu Buhari (retd), in eight years. Out of the N93.453tn budgeted from 2016 to 2023, a total of N67.4tn has been committed to recurrent expenditure, including the payment of salaries and emoluments of civil servants and legislators. This amounts to 72.1 per cent of the entire budget devoted to recurrent expenditure in the life of the Buhari regime. The administration met a debt of N12.12tn on June 30, 2015, but it increased it to N42.84tn by June 30, 2022, according to statistics obtained…

Oct

15

2022

By Freeman

Tompolo’s security operatives discover more illegal pipelines in Delta

Economy, Metro, News2023, Economy, Metro, Nigeria, Security, Tompolo

Federal Government’s privately contracted oil pipeline surveillance team, Tantita Security Services Nigeria Limited, led by Government Ekpemupolo popularly known as Tompolo, has reportedly discovered more massive illegal crude oil pipelines attached to Trans Forcados Export Trunkline. The latest discoveries, sources said, were coming days after operatives of Tantita Security Services uncovered an illegal 4-kilometre pipeline connected from the Trans Escravos line into the sea. With the latest discoveries, Tantita Security Services operatives have so far uncovered more than 58 illegal tapping points used by crude oil bunkers on the nation’s oil pipelines in two States of Delta and Bayelsa. It…

Oct

15

2022

By Kalu Odinakachi

Subsidy: Sanusi expresses pity for next Nigerian President

Economy, Metro, News, Opinion, Politics2023, Economy, Lamido Sanusi, Metro, Next Level, Nigeria, Opinion, Politics

The deposed Emir of Kano and vice chairman, of Kaduna Investment Promotion Agency, Lamido Sanusi, has expressed his compassion for the next president that will succeed the President, Major General Muhammadu Buhari (retd), due to the perceived depleted state of the economy. Sanusi, who is also the current Khalifah, Tijaniyat Movement of Nigeria, said this in Kaduna on Saturday while addressing notable politicians at a Kaduna Investment programme titled, “Building a resilient economy”. The 14th Emir said Nigeria’s economy has been tied to the oil and gas sector and subsidy removal is fast mitigating the economy’s growth. “Nigeria has continued…

Oct

11

2022

By Kalu Odinakachi

FG approves construction of Lekki-Epe Airport

Business, Economy, Metro, PoliticsBabajide Sanwo-Olu, Economy, Federal government, Lagos, Metro, Next Level, Nigeria, Politics

The Federal Government has approved the construction of the Lekki International Airport in the Lekki-Epe area of Lagos State. The Lagos State Government said it would begin the construction of a new airport in the Lekki-Epe area of the state in 2023. The Minister of Aviation, Hadi Sirika, presented the approval for the new airport to the Lagos State Governor, Babajide Sanwo-Olu, on behalf of the Federal Government at the Lagos Economic Summit 2022, held at Eko Hotel and Suites, Lagos. The Senior Special Assistant to the Lagos State Governor on New Media, Jubril Gawat, disclosed this in a tweet.…

Oct

11

2022

By Amos Oge Kalu

Nigeria has world-class talents to dominate digital economy – Osinbajo

Business, Economy, Metro, Opinion, PoliticsEconomy, Lifestyle, Metro, Nigeria, Opinion, Politics, Yemi Osinbajo

Vice President Yemi Osinbajo said Nigeria has the requisite talents, creativity, and acumen to become a world leader in the digital economy. The VP made the comment on Monday at the Nigeria Digital Economy Summit (NDES) themed “Web 3.0, Blockchain & DeFi: Impact on Africa’s Digital Economy”. Osinbajo highlighted the future of technology, the digital economy, and what it means globally but especially for Nigeria. The vice president urged the nation to use the right approach and policy to harness its human capital and potential. He told the gathering that a new world is unfolding, unlike Web 1 and 2…