Category: Development
Ogun State Government Expresses Condolences to Victims of Ado Odo/Ota Rainstorm Destruction
Following the devastating effects of Sunday’s rainstorm in parts of Sango, Ado Odo/Ota Local Government Area of Ogun State, the state government has extended its sympathies to affected residents. The rainstorm resulted in the destruction of property and infrastructure in various communities. In a statement signed by the Special Adviser on Media, Hon. Kayode Akinmade,…
Nigerian Consumer Credit Corporation Launches Online Portal for Consumer Credit Applications
The Nigerian Consumer Credit Corporation (CREDICORP) has unveiled an online portal to facilitate consumer credit access for Nigerians, aligning with the President’s directive to expand credit availability across the country. The newly launched portal, accessible at credicorp.ng, provides a platform for working Nigerians to register their interest in obtaining consumer credit. This initiative, implemented in…
Federal Government Cancels 924 Inactive Mining Licenses to Enhance Industry Transparency
In a bid to bring greater transparency to Nigeria’s mining sector, the federal government has made the decision to cancel 924 inactive mining licenses across various sectors including exploration, mining, small-scale mining, and quarrying. The announcement was made by Mr. Dele Alake, the Minister of Solid Minerals Development, during a press conference held on Wednesday….
Nigeria Launches New Fiscal Incentives to Revitalise Oil & Gas Sector, Aiming to Attract $10 Billion Investment
In a significant move aimed at reviving Nigeria’s oil and gas industry and bolstering its contribution to the economy, Wale Edun, OFR, Minister of Finance and Coordinating Minister of the Economy, presided over a signing ceremony endorsing the Consolidated Guidelines for the implementation of Fiscal Incentives for the Oil & Gas Sector. The ceremony took…
Ekiti State Polytechnic Gets New Governing Council to Drive Development
Today marks a significant milestone in the journey of repositioning the Ekiti State Polytechnic, Isan Ekiti, as the institution inaugurates its new Governing Council. The constitution of this council, comprising individuals of impeccable credentials and track records, signals a renewed commitment to excellence and progress in the academic landscape of the state. In his address…
Ojumele-Ajegunle Road Damage: Human Error, Not Project Deficiency, Says Ogun Governor’s Aide
The recent damage to the newly constructed road at Ojumele-Ajegunle in Makun-Sagamu, Sagamu Local Government Area of Ogun State, has been attributed to human error rather than project deficiency, according to Hon. Kayode Akinmade, Special Adviser on Media to Governor Dapo Abiodun. In a press statement released in Abeokuta, the Ogun State capital, Akinmade clarified…
Banks Retain N530 Billion CBN Funds Amidst Temporary Halt in Support Schemes
Amidst a temporary suspension of all Central Bank of Nigeria (CBN) support funds by the current governor, Olayemi Cardoso, banks in the country continue to retain over N530 billion in unutilized intervention funds. According to recent financial statements reviewed, nine banks still hold substantial amounts of intervention funds designated for distribution to various recipients. Leading…
Diesel Prices Expected to Drop to N700/litre Following Dangote’s Move
The Independent Petroleum Marketers Association of Nigeria (IPMAN) is eyeing a potential reduction in diesel prices to N700 per litre in the wake of Dangote refinery’s recent price adjustment. Hammed Fashola, the National Vice President of IPMAN, expressed optimism regarding the anticipated decrease in diesel prices, attributing it to the impact of Dangote refinery’s actions….
Northwest Governors Forge Partnerships at Nigerian Embassy in Washington, United States
A delegation of Northwest Governors, led by Katsina State Governor Malam Dikko Umaru Radda, recently convened at the Nigerian Embassy in Washington, United States, alongside governors from Niger, Plateau, and Benue States in the North Central region. The meeting, hosted by Acting Ambassador of Nigeria to the United States, Mrs. Uzoma Emenike, aimed to foster…
Ogun State to Extend Lagos Blue Rail Line to Border Towns
The Ogun State government has announced plans to extend the Lagos Blue Rail Line project into the border towns of the state, aiming to enhance transportation infrastructure and foster economic development in the region. Speaking at a media event to highlight the state’s 2024 budget, the State Commissioner of Finance and Economic Adviser to the…