A Professor of Agribusiness and Marketing Management at the Federal University of Technology, Akure, FUTA has advised governments to use Agriculture and its vast business potentials to lure youth away from nefarious activities, frauds and the internet based scams popularly known as ‘Yahoo Yahoo’ in local parlance. Taiwo Mafimisebi gave the advice while delivering the 137th inaugural lecture of the University titled: “Agribusiness Income and Conquest of Poverty: What Nexus?” on Thursday 21st October 2021 at the University Main Auditorium. Mafimisebi said governments at all levels should devise workable strategies that will make agribusiness attractive to the youth and which…
Author: Abdallah el-Kurebe
Mr Augustine Anosike, the second prosecution witness, PW2, and forensic expert with the Economic and Financial Crimes Commission, EFCC, in the case of Afeez Adeshina Fashola, also known as Naira Marley on Tuesday, told Justice Nicholas Oweibo of the Federal High Court sitting in Ikoyi, Lagos how several credit card numbers were extracted while analyzing the contents of a total of 2,410 messages found in the defendant’s mobile phone. Naira Marley was arraigned by the EFCC on May 20, 2019 on an 11-count charge bordering on conspiracy, possession of counterfeit credit cards and fraud, to which he pleaded not guilty.…
The Civil Society Legislative Advocacy Centre (CISLAC) has revealed that Nigeria loses $15 billion to illicit financial flows (IFF) annually, according to the Nigeria Extractive Industries Transparency Initiative (NEITI). The Executive Director, Ibrahim Rafsanjani who spoke at the Pan-African Conference on Combatting IFFs to Bridge Africa’s widening inequality gap in Abuja on Tuesday, said that Oxfam’s latest index showed that report showed that “Nigeria was the region’s worst performing country in tackling inequality going into the pandemic. “Nigeria’s health budget (as a percentage of its overall budget) is the third lowest in the world (3.6 percent) and 40 percent of…
Mr Akinrinwa Igbekele, the Chairman, Okitipupa local government area of Ondo State on Tuesday presented approximately N12.9 billion 2022 budget proposal to the council. While presenting the budget at the council’s Legislative Chamber in Okitipupa in Ondo state, the chairman assured the residents of the council that the budget would facilitate rapid development for the residents of the council. The budget proposal was tagged: “Budget of Unity and Rehabilitation”. Igbekele expressed optimism that residents would benefit immensely from the budget, saying it was people-oriented that would take care of capital expenditures, overhead cost and social welfare among others. “We were…
The Economic and Financial Crimes Commission, EFCC, on Monday, presented a budget of N31,350,512,836 to the National Assembly, NASS, for its operations in 2022. The figure represents a slight improvement over the N29,575,694,747.46 appropriated for the Commission in 2021. According to a breakdown of the 2022 estimate, N25,896,377,934 is earmarked as personnel cost; N3,600,773,552 as overhead cost; while N1,853,361,550 is projected for capital expenditure. Presenting the budget to the Senate Committee on Anti-corruption and Financial Crimes, headed by Senator Sulaiman Kwari, the Executive Chairman of the Commission, Abdulrasheed Bawa who was represented by the Director of Operations, Abdulkareem Chukkol gave…
A construction industry expert, Mr Temitope Runsewe has commended the Central Bank of Nigeria (CBN) for its proposed N15 trillion Infrastructure Fund, saying it was key to job creation and economic growth. Speaking in Abuja on Tuesday, Runsewe said that the opportunity to utilise private sector funds to support infrastructure investment in critical sectors of the economy, had enormous benefits. He recalled that in July, the Secretary to the Government of the Federation (SGF), Mr Boss Mustapha, had alluded that the nation’s infrastructure deficit would require billions of dollars annually to fix. He also pointed to a report by a…
…Approves N8bn for road projects Sokoto state government has concluded arrangements to obtain N4 billion Central Bank of Nigeria’s (CBN) Commercial Agricultural Credit Scheme facility through the Zenith Bank. The state executive council meeting held Friday last and Monday this week and chaired the state governor, Aminu Tambuwal and his Deputy, Mannir Dan’Iya, respectively also approved N8 billion for the construction and dualization of two main roads in the state. According to the commissioner for Animal Health and Fisheries Development, who is also the overseer of the state Ministry of Agriculture, Professor Abdulkadir Junaidu 16,876 farmers will benefit from the…
Google has launched the Global Initiative for Excellence in Journalism Education to enhance journalists’ training in 100 Journalism institutions in Africa. Matt Brittin, President for EMEA Business and Operations, Google made this known at the ongoing inaugural Google News Initiative (GNI) for Africa virtual event. The GNI for Africa virtual events started that on Monday, October 25 and will run through to Friday October 29. Brittin said that the initiative to support journalism training would be rolled out over the next 18 months and is being implemented in partnership with UNESCO. He said that the journalism training is aimed at…
Eight outstanding Nigerians in the UK, who have “broken the glass ceiling” have been honoured by the Nigerian-British Business Forum at a high profile event in London. The awards highlight the outstanding performances of some Nigerians in the Diaspora, who break the odds to excel in foreign lands. Records show that approximately 114,000 Nigerians reside in the UK as at July this year. The awardees include Ibironke Adeagbo, Founder and Chief Executive Officer of IA-Foundation, the international group campaigning for the rights of Nigerian children to education. Adeagbo is also a renowned chartered accountant in Nigeria and UK as well…
President Muhammadu Buhari has arrived Riyadh, Saudi Arabia ahead of the investment conference organised by the Future Investment Initiative Institute. The presidential aircraft carrying the president and some members of his entourage landed at the King Khalid International Airport Riyadh at about 11.50 p.m. local time. The president was welcomed at the airport by a team of Saudi government and Nigerian Embassy officials, some cabinet ministers from Nigeria as well as some members of Nigerian community in Saudi Arabia. The president is expected to be joined at the 5th edition of the flagship investment event by business executives from Nigeria,…