Gombe state governor, Inuwa Yahaya on Thursday, said his administration was borrowing to address development deficits and improve the well-being of the people in the state. Yahaya stated this on the occasion of a public consultation with stakeholders on the state’s 2022 budget preparation. The governor, who also responded to recent allegation that his administration was engaged in borrowing, attributed it to desire to put in place critical infrastructure and bridge the gaps of development in the state. According to him, no government can succeed without borrowing in view of the current state of the economy and the need to…
Author: Abdallah el-Kurebe
MTN Nigeria Communications Plc has announced the successful completion of the issuance of its N89.99 billion Series II 10-Year 12.75 per cent Fixed Rate Bonds due 2031. The company disclosed in a notice sent to the Nigerian Exchange (NGX) Limited on Thursday in Lagos. It said that the issuance was under the N200 billion Bond Issuance Programme. According to the notice, the bonds issued this year are in line with the company’s strategy to enable it diversify funding sources and extend the maturity profit of its debt portfolio. It added that the Series II Bond, which was the second issuance…
LETTER TO DIM OJUKWU ON THE UPCOMING ANAMBRA ELECTIONS ON THIS SYMBOLIC BIRTHDAY ANNIVERSARY. Odum n’eche Igbo, It is with a heavy heart that I make this communication with your noble soul, now resident in the heavenly realms, on this occasion of your birthday anniversary, and literally on the eve of the Gubernatorial Elections in your beloved state, Anambra. I am filled with concern and anxiety about the current state of the legacy you left us…our party, The All Progressives Grand Alliance (APGA). Today I hear the bells tolling, and the chimes send shivers down my spine. Today, Chaos reigns…
The number of confirmed COVID-19 cases in Africa reached 8,506,231 as of Thursday morning, the Africa Centers for Disease Control and Prevention (Africa CDC) said. The Africa CDC, the specialised healthcare agency of the African Union (AU), said the death toll from the pandemic across the continent stands at 218,756. Some 7,910,522 patients across the continent have recovered from the disease so far, according to the agency. South Africa, Morocco, Tunisia and Ethiopia are among the countries with the most cases in the continent, according to the agency. South Africa had recorded the most COVID-19 cases in Africa with 2,922,391…
Popular activist, Aisha Yesufu has alleged that religious leaders in Nigeria are worse than political leaders. The General Superintendent of the Deeper Christian Life Ministry, William Kumuyi had reportedly warned Christians not to hate those in government, who fail to deliver on pre-election promises. “We teach that if you’re a genuine believer in [Jesus] Christ, you wouldn’t hate your neighbour. Nor would you disdain those in power because they appear not to be delivering on electoral pledges such that you would go on the rampage, destroying government property or pillaging the public till. “We teach a linear life of Christian…
The Joint Admissions and Matriculation Board (JAMB) has remitted N3.51 billion to the national treasury as part of its 2021 operating surplus. The 2021 remittance was in line with Prof. Is-haq Oloyede’s avowed commitment to prudent management of public resources. A statement by the spokesperson of the board, Fabian Benjamin on Wednesday said “this commitment to probity coupled with the adoption of international best practices make for cost-effective operational processes and attendant savings to yield those humongous remittances to government coffers. “This has been the norm rather than the exception in the last six years beginning from 2016 when he…
Rivers state governor, Nyesom Wike has revealed his involvement in the removal of Uche Secondus as the national chairman of the Peoples Democratic Party, PDP. The governor who made the disclosure in an interview with BBC pidgin, said he supported Secondus’ removal as a result of his inability to deal with the crisis that was wrecking the party. “I have never denied being involved in the removal of Secondus; he was not doing well so his ward first suspended him and I am delighted they did that. “I am not the type of governors that deny their actions. I know…
Sokoto state governor, Aminu Tambuwal has observed that an annual return of about N328 billion from cattle trade in Lagos state alone, should make Northern governors adopt ranching in their respective states. Tambuwal made the observation at the 8th Sheikh Usman Danfodiyo Week, which also coincided with the special commemoration of the 15th anniversary of Sultan Sa’ad Abubakar, held at the International Conference Centre, Kasarawa, Sokoto state. According to him, aside from financial benefits, ranching would help towards eradication of banditry and sundry criminalities. “The move will also be a realization of about two centuries old vision of one of…
The picture of Nigeria and its potentials of being a great nation were presented in this column last week. It is heartwarming and inspiring to be knowledgeable of Nigeria’s enormous natural and human resources but also disheartening to be aware that these resources comprise lying idle with some of them being plundered. As earlier buttressed, human is the most important resource, which galvanizes transformation of other resources to fast-track societal development. How qualitative is Nigeria’s human resource? The major qualitative indicator of human resources in any society is the level of its human capital. Human capital refers to the stockpile…
A leading UK firm, TEXEM UK, has completed a five-day training for Nigerian senators on optimising their legislative functions for nation-building. A press statement by TEXEM’s Director of Special Projects, Caroline Lucas on Wednesday in Abuja listed the beneficiaries as Senators Sadiq Umar, Bulus Amos and Yusuf Yusuf. Others are Akon Eyakenyi, Mpigi Barinada, Nora Daduut Odebiyi Tolulope and Suleiman Kwari. The statement affirmed that the senators of the ninth Nigerian Assembly had a very engaging and insightful time during the Legislative Development Programme organised by TEXEM from October 11 to 15 at Birmingham, UK. Topics deliberated upon by faculties…