Author: Editor

The Federal Government has reiterated its commitment to work closely with the International Fund for Agricultural Development (IFAD), on Inclusive Agri-Food System Transformation and smallholder farmers’ empowerment. The Minister of Agriculture and Food Security, Sen. Abubakar Kyari, stated this during a meeting with Dr Donal Brown, IFAD’s Associate Vice-President to Nigeria, on Tuesday in Abuja. Kyari said that the focus of IFAD on Innovation for a Food-Secured Future as exhibited in the last 47th Session of IFAD Governing Council meeting in Rome, was a right step in the right direction. He commended IFAD for being a formidable force in addressing…

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The Manufacturers Association of Nigeria (MAN), and Lagos Chamber of Commerce and Industry (LCCI), have commended the Federal Government for halting implementation of the Expatriate Employment Levy (EEL). The Director General, MAN, Mr Segun Ajayi-Kadir, through a statement on Tuesday in Lagos, lauded the intervention of all stakeholders of government for their efforts in discontinuing enforcement of the levy. The Federal Government on Feb. 27, announced the introduction of EEL to encourage employment of more Nigerians by foreign companies. However, following agitations of the organised private sector over the development, government on March 8, halted its implementation. ALSO READ: Binance…

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The Lack of steady power supply, further worsened by insurgency, has continued to affect businesses and other activities in Borno, Adamawa and Yobe states. The three states, known as BAY states, are the worst affected by the activities of insurgency in the North East where critical assets, including power transmission lines, have been destroyed. In Borno, the transmission line from the National Grid supplying Maiduguri and its environs had been destroyed, while the newly-constructed 50-megawatt station constructed by NNPC, has developed problems and is still undergoing repairs for the past two weeks. Residents of the city now depend on generators,…

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Some financial experts have kicked against the International Monetary Fund (IMF)’s call for the Federal Government to ensure the total removal of electricity subsidies. They said this in separate interviews on Tuesday in Lagos. The former President of the Chartered Institute of Taxation of Nigeria, Dr McAntony Dike, advised the Federal Government not to heed the call of the IMF. “Although the Bretton Woods institution might have adequate data to support their argument, it should not be implemented. “This is due to the adverse impact it will have on the average Nigerian whose disposable income has been eroded,” Dike said.…

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