Economic Confidential

Dangote to Launch 25,000ha Rice Project in Sokoto

Dangote Rice, a subsidiary of Dangote Group is set to launch on Wednesday 25,000 hectares of rice outgrower programme in Sokoto. The project is expected to provide hundreds of thousands of employment opportunities for inhabitants of the rural communities, according...

I’ll Resist Payment When There’s No Electricity – Fashola

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said he will, like other consumers, be more resistant to payment of electricity bill if there is no supply. Fashola said this at the 12th Monthly Power Sector and...

Arik Needs N10bn to Resume Full Operation –Management

The new management of Arik Air has said it inherited nearly an empty shell of a carrier with only 10 out of the 28 aircraft in its fleet functional at the moment. It also said that the rot in the...

Group Wants Kachikwu Made Petroleum Minister

The Niger Delta Non-Violence Youth Leaders Assembly, a peace advocacy group, has applauded last Friday’s visit of Acting President Yemi Osinbajo to Bayelsa, describing it as a morale booster. The group also said that the visit had revived the hope...

Nigeria Amidst Impending Food Shortage

The incessant warnings about the possibility of Nigeria facing famine in the nearest future may have been taken with a pinch of salt by both citizens and those in position of authority. The latest report is coming from the...

Can 2017 Budget End Recession?

The presidential prophecy on ending current economic recession before this year ends is quite reassuring. However, some antitheses have been put forward by Nigerians arguing that the 2017 federal ‘Budget of Recovery and Growth’ is short of critical budgetary...
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