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FG vows to Recover N12bn BoA Loans from Farmers

As part of measures by the Federal Government towards reviving and re-capitalising the almost moribund (BoA) the Minister of Agriculture and Rural development, Chief Audu Ogbeh has said that steps are being taken to recover over N12 billion from farmers who are indebted to...

FG to Spend 61% of External Borrowing on Infrastructure Projects

Details of the federal government’s $29.96 billion External Borrowing (Rolling) Plan for 2016-2018 have revealed that 61.2 per cent of the foreign loans have been earmarked for bankable infrastructure projects while social programmes in health and education, the federal government’s budget support facility, agriculture...

Discos: No Plan to Raise Electricity Tariffs

Dousing mounting concerns over another hike in electricity tariffs, the Association of Nigerian Electricity Distributors (ANED) said it had no plan to increase the current tariffs being paid by consumers. ANED’s Executive Director, Research and Advocacy, Mr. Sunday Oduntan, disclosed this in a telephone interview...

NUPENG, PENGASSAN Threaten Strike over Sack of 3,000 Members

Two leading unions in the oil industry, Nigeria Union of Petroleum and National Gas (NUPENG) and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have raised the alarm over the sacking of 3, 000 of its members and subsequently issued a 21-day...

Senate Approves Bill to End Business Monopolies

• World Bank report on Nigeria’s reforms excites FG The Senate has approved a bill seeking to end all forms of business monopolies in Nigeria and promote trade competition in the 36 states of the federation. The upper legislative chamber, therefore, approved scrapping of the Consumer...

Senate wants 10% Fund for Hydroelectric Communities

• Says NDDC awarded 1, 691 contracts without approval • Restructures customs to boost IGR, plans prisons’ reforms The Senate has proposed 10 per cent of total revenue for Hydroelectric Power Producing Areas Development Commission (HYPPADEC) host communities.In his lead debate titled “A Bill for an...