Breaking News in Nigeria Today Friday 21st February 2020
Here are some of the Breaking News in Nigeria Today Friday 21st February 2020 on some of the nation newspapers .
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Debt profile: Lawan justifies Senate’s loans approval
CHUKWU DAVID reports on the explanation by the President of the Senate, Ahmad Lawan, on why the Federal Government might take more loans in future in spite of public outcry against the nation’s rising debt profile and the need to stop further borrowing In recent times, Nigerians have been expressing concerns over the country’s rising debt profile and the decision of the Muhammadu Buhari-led Federal Government to embark on more borrowing. Those who expressed the fear and canvassed that government should discontinue with borrowing argued that the present administration…
Senate proposes agency for integration of repentant Boko Haram terrorists
The Senate, yesterday, initiated a process towards setting up an agency that would be responsible for the integration of repentant Boko Haram terrorists in Nigeria. The agency, when established, will ensure the education, rehabilitation, de-radicalization and integration of repentant Boko Haram insurgents in the country. The bill to that effect, which was read for the first time on the floor of the Senate, is entitled: “National Agency for the Education, Rehabilitation, De-radicalization and Integration of repentant insurgents in Nigeria (Est, etc.) Bill, 2020 (SB.340)”. The sponsor of the bill is…
Buhari won’t resign on security challenges –FG
The Federal Government has advised those asking President Muhammadu Buhari to resign as a result of insecurity in the country to perish the thought. Minister of Information and Culture, Alhaji Lai Mohammed, at a press conference in Abuja yesterday, said the president has the mandate of Nigerians, which will expire in May 2023. The minister described the call as “diversionary,” noting that even though Nigeria is facing security challenges, security agencies were equal to the task. Mohammed noted that “the government, which has provided and continues to provide the military…
NIRSAL facilitates N102bn loans for 35,160 farmers
The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending, (NIRSAL), yesterday unveiled its interventionist programmes in food security, declaring that it had facilitated over N102 billion loans from commercial banks for 35,160 farmers across the various agricultural value chains in Nigeria. NIRSAL, a subsidiary of the Central Bank of Nigeria (CBN), is a $500 million non-bank financial institution, specifically designed to absorb credit risks in the agribusiness sector of the economy. Managing Director of NIRSAL, Mr. Aliyu Abdulhameed, who briefed newsmen on the activities of the organisation, said it has…
SEC urges Nigerian Army to protect investments
The Securities and Exchange Commission, SEC, has urged officers and men of the Nigerian army, who have already invested in the capital market, to explore all available channels to protect their investments. This was stated by Acting Director General of SEC, Ms. Mary Uduk, during a visit to the 9 Brigade, Nigerian Army, Ikeja, Lagos, on Thursday. Uduk, who was represented by Mr. Stephen Falomo, Head, Lagos Zonal office of SEC, said the commission had various mechanisms in place to protect investors, saying that they include e-dividend, Direct Cash Settlement,…
NAMA completes equipment calibration at Lagos airport
Foreign airlines land, take-off Foreign airlines that before now diverted Lagos bound flights to Accra, Ghana and other places are now landing their air planes following the calibration of the newly acquired, state-of the art Category III Instrument Landing System (ILS). The equipment is an upgrade on the Category 2 ILS which had been in use for many years at many of the country’s international airports. The new navigational aids help to make aircraft land effortlessly in almost zero visibility situation. It would have assisted and reduced stress of flight…
Gbajabiamila to journalists: Focus on what’s good for Nigeria
The Speaker of the House of Representatives, Hon. Femi Gbajabiamila, has challenged Nigerian journalists to always focus their reportage on what is good for the country. Gbajabiamila said the media was an integral part of the country’s democracy, hence the need for media practitioners to double-check their facts and ensure they were fair and balanced before going to press. He said if the Nigerian democracy fails due to false press, it would affect all citizens, noting that it would cost nothing for journalists to be ethical and diligent in their…
World Bank launches initiatives to support women entrepreneurs
The World Bank Group has announced two new initiatives to improve access to start-up financing and e-commerce markets for women entrepreneurs, at the Women Entrepreneurs Finance Initiative (We-Fi) Middle East and North Africa (MENA) Summit. “Starting and growing a business is one of the most powerful tools for women to overcome poverty and build better lives for themselves, their families, and their communities,” said David Malpass, World Bank Group President. “Removing regulatory barriers along with obstacles to access to finance and markets can give women-led businesses the opportunity to succeed.”…
NITDA DG: Manufacturers must adopt technologies to grow
The Manufacturers Association of Nigeria (MAN) has been advised to adopt smart technologies in their manufacturing processes, if they must grow like their peers in industrialised nations. Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, who gave the advice in Abuja yesterday at a conference organised by MAN, said leveraging on smart technologies in the manufacturing sectors would bring about the needed industrial revolution in the country. Abdullahi expressed optimism that Nigeria’s manufacturing sector could compete with that of the industrialised nations, if the opportunities provided by…
AfDB, DFIs collaborate to deepen private investment in fragile states
The African Development Bank (AfDB) and representatives of some Development Finance Institutions (DFIs) recently met at the University of Oxford for a follow-up forum to strengthen private investment inflows into fragile or conflict-affected economies. The Commission for State Fragility, Growth and Development, a partnership of the World Bank Group’s International Finance Corporation, CDC, the United Kingdom’s DFI and International Growth Centre of the London School of Economics organized the meeting. Participating institutions agreed to cooperate in rolling out pilot interventions in a number of fragile states. The AfDB, which co-organised…
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