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MDGs: FG To Deliver 3,383 Health Projects In 210 LGAs

The federal government, through the Millennium Development Goals (MDGs) 2013 Conditional Grant Scheme (CGS), will provide 3,383 health projects, 7,015 educational projects, 2,780 water and sanitation facilities across 210 local government areas(LGAs) in the country. Similarly 697 agricultural and wealth creation projects are to be provided...

Senators To Okonjo-Iweala: You Are Imposing IMF, World Bank Policies On Nigeria

The highpoint of yesterday’s debate was the allegation by  some Senators that the Minister of Finance, Mrs Ngozi Okonjo-Iweala is imposing the International Monetary Fund (IMF) and the World Bank economic policies on Nigeria. Most Senators across party line also called for a substantial increase in the capital allocation....

Our Economic Indices Have Been Quite Impressive- VP SAMBO

Vice President Mohammed Namadi Sambo has remarked that the economic indices of Nigeria have been quite impressive since the inception of President Goodluck Jonathan’s administration. The vice president made this remark today at a reception organized for him in Abidjan by the members of Nigeria’s...

Agric sector attracted $8b private sector investment in two years – Minister

The Minister for Agriculture and Rural Development, Dr. Akinwumi Adesina, has said that agriculture attracted private sector investment valued at $8 billion in the past two years. Adesina said this at a News Agency of Nigeria Forum on Sunday in Abuja. He said that the huge investment was realised...

CBN to Move 7% of External Reserves into Yuan

The Central Bank of Nigeria (CBN) Tuesday revealed plans to increase the Chinese Yuan’s proportion of the country’s external reserves from two percent to seven percent. The move was influenced by the growing strength of the Chinese currency in global trade, the Deputy Governor (Operations),...

Senators begin probe of AMCON’s N5.6trn fund

Angered by its less than stellar performance in recovery of banks’ toxic assets after three years in business, Senators yesterday demanded a probe of the N5.6 trillion pumped into the Asset Management Company of Nigeria (AMCON) by the Central Bank of Nigeria (CBN) since...