The Federal government says 101,567 beneficiaries have benefitted from its Payroll Support Scheme track of the Micro Small and Medium Enterprises, MSMEs, Survival Fund, the presidency has said in a statement. The statement signed by Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, on Thursday in Abuja, said the Survival Fund was part the Economic Sustainability Plan (ESP). The MSMEs Survival Fund scheme is a component of the ESP, which was developed by the Economic Sustainability Committee, chaired by Vice President Yemi Osinbajo. He said that the implementation of the Payroll…
Author: Editor
Dr John Edor, the Chairman of Academic Staff Union of Universities (ASUU), University of Calabar (UniCal) branch, has debunked rumours that the union has called off its eight months old strike. Edor debunked the rumour in a telephone interview in Calabar on Thursday. He was reacting to a statement on Twitter purportedly credited to the union, calling off the strike. “As I talk to you now, ASUU does not have a Twitter account, so I wonder where that statement came from. As far as I am concerned, it is fake news, ” he said. The chairman, however, said that a…
The Permanent Secretary, Ministry of Finance, Budget and National Planning, Aliyu Ahmed on Wednesday said the three tiers of government shared N604.004 billion as federation allocation for October. Ahmed said this in a statement issued by the Director for Information, Hassan Dodo at the end of the Federation Accounts Allocation Committee (FAAC) meeting in Abuja. The permanent secretary said the N604.004 billion shared included cost of collection to Nigeria Customs Service (NCS), Department for Petroleum Resources (DPR) and Federal Inland Revenue Service (FIRS). He said the Federal Government received N220.751 billion, the States received N161.825 billion, and the Local Government…
President Muhammadu Buhari has felicitated with former President Goodluck Jonathan on his 63rd birthday, declaring that his was a life of service that had brought honour and goodwill to the country. Mr Femi Adesina, the President’s spokesman, in a statement on Thursday in Abuja, quoted Buhari as noting with appreciation, the peculiar and remarkable climb of the former president on Nigeria’s political ladder. The president also noted with delight Jonathan’s dedication that had kept him working most recently as ECOWAS envoy to bring peace to the Republic of Mali. Buhari prayed that the almighty God would grant Jonathan longer life,…
The News Agency of Nigeria (NAN) has advised members of the public to ignore a fake advertisement claiming that it had begun its 2020/2021 recruitment exercise. In the advert widely circulated on social media, applicants, who must not be more than 35 years, were asked to visit the NAN portal – www.nan.ng – to access the recruitment form and how to apply. It urged the public to access the portal to obtain information on required qualification, stating that applicants must be of good behaviour and be computer literate. The advert cautioned applicants against paying money to anyone, urging them, however,…
By Tina George, Minna The Quarter Guard of the Niger State Command of the Federal Road Safety Corps, FRSC, has received a befitting facelift and will now be functional. The facelift of the Command was done by the Special Marshals of Unit 3 and 5 in Niger state. According to Niger State Coordinator of the Special Marshals, Deacon Oyeniran Shina, the repairs of the quarter guard gulped N650,000, adding that the project was done to improve the image of the Sector. “As men of timber and calibre, we saw that the quarter guard was not enforcing, that is why…
By Mohammed Ahmed, Bauchi The Centre for Information Technology and Development, CITAD, has called on the Federal government to soften the process of accessing loans by young entrepreneurs in the country. The job placement coordinator at CITAD, Sagir Ado made the call on Wednesday, during an entrepreneurship career talk with students of Aliyu Mai Sango Junior Upper Basic Secondary School, Jama’are in Bauchi state. He stressed the need for government to simplify requirements for accessing loan from lending financial institutions to young entrepreneurs. Abubakar lamented that entrepreneurship is facing challenges because young entrepreneurs were not finding it easy to strive.…
Governor Aminu Masari of Katsina state, on Wednesday presented a budget proposal of N282.7 billion for 2021 fiscal year to the state House of Assembly for consideration. Masari, while presenting the appropriation bill christened “Budget of Recovery and Consolidation,” said it was designed for the completion of ongoing projects and to initiate new ones that could be completed within the term of his administration. He said that N196.2 billion representing 70 per cent of the budget was earmarked for capital expenditure, while N86.4 billion representing 30 per cent would go for recurrent expenditure. Masari said that the 2021 budget is …
The Ebonyi lawmakers of the Peoples Democratic Party, PDP, caucus in the National Assembly say no member of the caucus is cross carpeting to the All Progressives Congress, APC. The Chairman of the Caucus, Sen. Sam Egwu, in company of three other senators and Five House of Representatives members from Ebonyi said this at a news conference in Abuja on Wednesday. The PDP lawmakers in NASS were reacting to recent cross carpeting of the Ebonyi Governor Dave Umahi from the PDP to the APC. Egwu, who spoke on behalf of the caucus said: “For the sake of clarity, we wish…
The Nigerian Stock Exchange (NSE) on Wednesday recorded the first gain in the week, halting the negative trend following positive sentiments in Dangote Cement and Lafarge Africa. Consequently, the All-Share Index increased by 575.18 points or 1.68 per cent to close at 34,818.01 compared with 34,242.83 posted on Tuesday. Thus, month-to-date and year-to-date gains increased to 14.0 per cent and 29.7 per cent, respectively. Similarly, investors gained N301 billion as the market capitalisation closed higher at N18.193 trillion from N17.892 trillion on Tuesday, an increase of 1.68 per cent. The uptrend was impacted by gains recorded in large and medium…