Development
Development
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Ajaokuta Steel: Minister engages Russian Consortium to revive plant
….Plans visit to Moscow to secure required funding for revitalisation of plant The Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, has engaged a consortium led by the original developers of Ajaokuta Steel Company Limited (ASCL), Tyamzhpromexport (TPE), to revive the steel plant. The Minister, who met with the consortium comprising a team from Russia’s TPE/Rostec, Novostal, and Nigeria’s…
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NASENI, NIPSS collaborate to enhance digital economy, job creation
The National Agency for Science and Engineering Infrastructure (NASENI) and the National Institute for Policy and Strategic Studies (NIPSS), Kuru, Plateau State are set to collaborate on enhancing Nigeria’s digital economy footprints, empowering and creating jobs for millions of youths. The Executive Vice Chairman and Chief Executive Officer (EVC/CEO), NASENI, Mr Khalil Suleiman Halilu, disclosed this while welcoming participants of…
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FG partners AU to formulate blue economy strategy
The Federal Government is teaming up with the African Union (AU) through the African Union – Interafrican Bureau for Animal Resources (AU-IBAR) to formulate a comprehensive Blue Economy Strategy for Nigeria. The Minister of Marine and Blue Economy, Mr. Adegboyega Oyetola, shared this information during a workshop with stakeholders in Abuja on Monday. They discussed important topics to focus on…
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Osinbajo leads $1bn Timbuktoo Africa Innovation Foundation
Nigeria’s former Vice President, Professor Yemi Osinbajo has fully settled into continental development work as the High Representative of the Timbuktoo Africa Innovation Foundation. The foundation was set up by with Rwanda and six other African countries in January this year on the sideline of the World Economic Forum. The aim of the foundation is to invest $1billion dollars in…
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BREAKING: Tinubu approves establishment of Renewed Hope Infrastructure Development Fund
President Bola Ahmed Tinubu has approved the setting up of the Renewed Hope Infrastructure Development Fund. The fund is designed to bridge the gap in infrastructure deficit in the country. According to information made available to Westernpost, the infrastructure development fund will focus on infrastructure developments in road, rail, agriculture, the ports, and aviation sector. The fund which will be…
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FG to halt issuing license to miners without plans, says Alake
Kunle Sanni, Abuja The Minister of Solid Minerals Development, Dele Alake has affirmed the resolve of the federal government to foreclose the acquisition of mining licenses by prospective investors without requisite plans for local value addition. Speaking while playing host to members of the House Committee on Solid Minerals on an oversight visit to the ministry, Alake applauded the lawmakers…
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Water Projects: FG assures UNIDO of adequate collaboration
The Honourable Minister of Water Resources and Sanitation, Engr. Prof. Joseph Terlumun Utsev has assured the United Nations Industrial Development Organization (UNIDO) of the Federal Government’s readiness to collaborate and provide technical and infrastructural support for the success of UNIDO’s projects in the water sector. The Minister gave the assurance when he received the National Programme Officer of UNIDO, Dr Osu…
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FG orders 10,000 tractors as Deutsch Bank pours €995m into 774 LGs agric hubs
The Federal Government has signed an agreement with the Brazilian Government and German Deutsch Bank Group as financiers of a facility of 995 million euros for the Green Imperative Programme. The programme will provide mechanization hubs across the 774 local government areas in Nigeria when implemented, Minister of Agriculture and food security, Abubakar Kyari said in Minna Tuesday. “A memorandum…
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How Ewekoro LGA made Ogun first in non-oil revenue generation, Gov. Abiodun
Kolawole Olayinka, Abeokuta The presence of limestone in large quantities in Ewekoro Local Government is responsible for Ogun State contributing 36 out of the 38 per cent of revenue generated into the non-oil sector coffers of the Federal Government, Governor Dapo Abiodun has said. The governor made this known at the palace of the Olu of Itoriland, Oba Abdul-Fatai Akorede…
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Electricity: We are addressing the underlying problems, says Adelabu
The strategy adopted in solving the electricity challenges in Nigeria calls for going beyond temporary fixes to addressing the underlying problems, the Minister of Power, Adebayo Adelabu, has said. He made this clear at a recent meeting with members of the Forum of Commissioners of Energy in Nigeria. The Minister disclosed that now that there is a diagnosis and a…
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