Economy Archives - Page 67 of 69

Oct

02

2020

Why Buhari is allowing us take loans – Amaechi

Economy, PoliticsEconomy, Mohammadu Buhari, Next Level, Nigeria, Politics

The Minister of Transportation, Rotimi Amaechi, has said President Muhammadu Buhari has approved for Nigeria to take loans. Amaechi stated this during a special 60th Independence Anniversary programme on Channels Television on Thursday. According to the former Governor of Rivers State, the loans are meant for infrastructural development in several parts of the country. “The President (Muhammadu Buhari) allows us to borrow. We are borrowing to develop and things will change,” he said. Amaechi explained that when crude oil was sold at $120 per barrel, the total amount needed to develop the railway across the 36 states and the Federal…

Jun

30

2020

By Kalu Odinakachi

COVID-19: Nigerian govt finally approves resumption of domestic flights

Economy, Health, PoliticsAfrica, Coronavirus, Economy, Next Level, Nigeria, Politics

The Federal Government has approved the safe resumption of domestic flights across the country nationwide in the next phase of the gradual easing of lockdown ordered to curb the further spread of COVID-19. It also lifted the ban on interstate movement with effect from July 1. The Secretary to the Government of the Federation, SGF, Boss Mustapha, disclosed this on Monday during the daily media chat of the Presidential Taskforce on COVID-19 in Abuja. Mustapha, who is the Chairman of the task force, said: “Maintaining the current phase of the national response, for another four weeks in line with modifications to be…

Jun

15

2020

By OHAFIATV

Importers ‘lose N15tr to pandemic’ in Lagos ports

EconomyAfrica, Coronavirus, Economy, Nigeria

• Scores of cargoes stuck over infrastructure deficit, others • NPA deploys barges for evacuation• Shippers demand concession • Clearing agents decry huge, unpaid demurrages Millions of cargoes are currently wasting away at Lagos seaports owing to poor road infrastructure, bureaucratic processes, and unfavorable government policies. Investigations by The Guardian revealed that many of the cargoes are now incurring high demurrage after enjoying three rent-free days from the time of discharge. The stockpile of containers is also causing serious congestion due to the closure of access roads for repairs, even as lack of cargo scanners has forced the Nigeria Customs…

Jun

13

2020

By OHAFIATV

I will recover every penny looted from Imo treasury – Uzodinma

Economy, PoliticsCrime, Economy, Imo State, Next Level, Nigeria, Politics

The Imo State Governor, Senator Hope Uzodinma, has said that his government will recover to the last penny looted from state treasury by his predecessors. Governor Uzodinma stated this on Friday in Owerri while addressing stakeholders of the state including his deputy, Professor Placid Njoku. He said that his government, which is anchored on Reconstruction, Rehabilitation and Recovery, will ensure a sanitized system in the state where Imo taxpayers’ money is not taken by a few greedy individuals to the detriment of the large majority. “We have sanitized the civil service system and we won’t be having issues of ghost…

Jun

11

2020

By OHAFIATV

Over 39 million Nigerians to become jobless, others will fall into extreme poverty – Osinbajo

Economy, PoliticsCoronavirus, Economy, Next Level, Nigeria, Politics

Vice President Prof. Yemi Osinbajo, has said that over 39.4 million people may lose their jobs in Nigeria by the end of 2020, if the government “fails to take prompt preemptive measures.” The Vice President spoke on Thursday as he presented the post COVID-19 Economic Sustainability Plan to President Muhammadu Buhari at the Presidential Villa, Abuja. The post-COVID-19 Economic Sustainability Plan was embarked to mitigate the impact of the COVID-19 pandemic on country’s economy. Osinbajo added that, with a severe downturn in Nigeria’s oil earnings, the country would still have a shortfall of about N185 billion every month. The Vice President explained…