Author: Our Reporter
The Federal Ministry of Arts, Culture, and Creative Economy on Thursday defended every budgetary provision in its 2024 budget saying that the allocations were made to fund several prjocta and programmes. The ministry in a statement by its media office also insisted that it has not breached its budget regarding solar power provision. “Inacucuracies and misrepresentations regarding our 2024 budget. In the interest of transparency and clarity, we are providing accurate information to dispel any misconceptions,” the statement noted. Parts of the statement also said that the ministry’s budget allocation for Research and Development (Budget Code: 23050101) amounts to “N3,709,755,673,…
President Bola Tinubu on Wednesday inaugurated three major gas plant projects in Imo and Delta States, in high hopes to boost the country’s domestic supply with at least, 500million cubic feet of gas. “It is pleasing that approximately 500MMscf of gas in aggregate would be supplied to the domestic market from these two Gas Processing Plants, which represents over 25 percent incremental growth in gas supply,” the President noted during the virtual launch at the Presidential Villa, Abuja. According to President Tinubu, the projects are fully in line with the decade of gas initiative, and the Federal Government’s quest to…
Governor Hyacinth Alia of Benue State, has won the “Advocate of the Masses and Human Rights” award 2024. This second national recognition and award is coming barely eleven months since he was sworn-in as governor of the State on 29th May 2023. Governor Alia in Mach last year also won the Leadership Newspaper 2023 “Governor of the Year Award” for his exceptional leadership in providing good governance to the people of the State, through prudence, transparency, accountability, and a consciencous effort to block wastages. A statement by his Chief Press Secretary, Tersoo Kula said the award was presented to the Benue…
The Federal Government on Monday announced that it will reward the most excellent, hard-working and innovative Micro, Small and Medium Enterprises (MSMES) in 2024, with an SUV, a residential Flat, and a minimum of N3million at this year’s edition of the MSMES clinics initiative. The MSMES award event is designed to commemorate the 2024 United Nations world MSMES Day as an avenue for recognising and supporting outstanding small businesses in the country. Senior Special Assistant to the President on Job Creation and MSMES. Tola Adekunle-Johnson told Journalists at a press conference kick-starting activities for the programme of the event in Abuja,…
The Federal Government on Sunday said it is set for the initial roll out of Compressed Natural Gas Initiative (PCNGI) by the end of May this year, a presidential aide revealed. President Bola Tinubu had set up the initiative as part of his administration’s palliative arrangement for Nigerians following the removal of subsidy on petreum products. The Nigerian National Petroleuem Company Limited (NNPCL) in August 2023, also announced that it is partnering with NIPCO Gas Limited to develop Compressed Natural Gas (CNG) stations across the country. Special Adviser to the President on media and publicity to the President, Bayo Onanuga in…
The United Nations Information Center (UNIC), has organised a capacity building workshop for journalists convering Nigeria’s seat of power, the presidential villa, on solutions and sustainability journalism. UNIC said the training for members of the State House Correspondents, is part of the United Nations agenda to equip media practitioners with the skills and competence to promote development and preservation of society for the future. The training with the theme, “Promoting Solutions- Oriented and Sustainability Journalism in a Modern Democracy,” was also supported by the Lagos State government. Among resource persons who made presentations at the workshop were Professor Jide Jimoh…
Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mr. Mele Kyari, has reemphasized the critical role of natural gas in accelerating speedy economic growth and industrial development In Nigeria. Kyari, stated this in Abuja at the public presentation of the book, “The Rise of Gas: From Gaslink to the Decade of Gas” authored by Charles Osezua. The GCEO identified gas’ global acceptance as a crucial energy source that sustains economic growth and drives industrial activities. In a statement posted on the firm’s official handle) on Wednesday, the Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, in a statement on the…
President Bola Tinubu on Tuesday approved the establishment of a Presidential Economic Coordination Council (PECC) and the creation of an Economic Management Team Emergency Taskforce (EET) to bolster the nation’s economic governance frameworks and ensure robust and coordinated economic planning and implementation. Special Adviser on media and publicity to the President on media and publicity, Ajuri Ngelale in a statement said, the Presidential Economic Coordination Council (PECC) comprises distinguished leaders and key government officials, including: (1) President of the Federal Republic of Nigeria – Chairman of the PECC (2) Vice-President of the Federal Republic of Nigeria – Vice-Chairman of the PECC…
Dr. Doris Uzoka-Anite is the Minister of Industry, Trade, And Investment. She recently briefed the Federal Executive Council (FEC), presided by President Bola Tinubu at the Presidential Villa on several trade negotiations and support from multilateral groups tailored towards enhancing the business environment and attracting huge Foreign Direct Investment (FDI), to boost the country’s economy. Newsqueet brings the excerpts; I presented reports on some of the activities of my ministry in the last two weeks. As you will recall, I represented Nigeria at the change Ministerial Conference of the World Trade Center (WTO), at Abu Dhabi, and there we discussed a lot of…
The Central Bank of Nigeria (CBN), on Friday revoked the operation licences of 4,178 Bureau De Change (BDCs), in a measure to stabilize rbe forex market and halt the free fall of the naira. CBN in a statement by its acting director of corporate communications, Mrs. Sidi Ali, Hakama said the affected operators failed to meet the necessary guidelines set for the regulation of the industry as contained in the powers conferred in the bank under the Bank and other Financial Institutions Act (BOFIA) 2020. According g to CBN, the operators failed to pay all necessary fees, infusing licence renewal…