Ajaokuta Steel Coy Needs Special Funding For Reactivation- Sen. Al-Makura

Sen. Tanko Al-Makura, Chairman, Senate Committee on Solid Minerals, Mine, Steel Development and Metallurgy, has called for special funding towards reactivating the Ajaokuta Steel Company in Kogi. He stated this on Thursday while presenting the 2022 budget report of his committee to the Senate Appropriation Committee. Al-Makura (APC-Nasarawa) stressed the importance of the solid minerals…

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ICT Generates N8.13tn To Nigeria’s GDP In Nine Months

Information, Communication and Technology (ICT) sector has contributed N8.13tillion to real Gross Domestic Product (GDP) in the nine months to September 2021. According to data collated from the National Bureau of Statistics (NBS’) reports the sector is composed of the four activities of telecommunications and information services; publishing; motion picture, sound recording and music production;…

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Petroleum Subsidy Removal, N5000 Grant For Vulnerable Nigerians: Senate Reacts; NLC, TUC, Experts Kick Against Move

The Senate, Trade Union Congress, Nigeria Labour Congress have disagreed with the Federal Government’s plan to remove fuel subsidy next year and replace it with a N5,000 monthly transport grant to 40 million Nigerians. While the Senate said there was no provision for such grant in the 2022 budget, TUC expressed shock that government could…

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FG Develops Risk Mapping Assessment Tool To Reduce Disasters

The Federal Government has produced a Risk Mapping and Assessment tool as part of national strategy for Disaster Risk Reduction (DRR), Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar-Faruq, has said. She spoke on Wednesday in Abuja during the monthly seminar organised by the Bureau of Public Reforms, with the theme “Humanitarian…

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Lagos Governor, Sanwo-Olu Proposes N1.39 Trillion Budget For 2022 Fiscal Year

Lagos State has earmarked huge capital expenditure of N1.39 trillion in the 2022 fiscal year to service key growth areas in order to consolidate the recovery of the State’s economy and positively transform residents’ livelihoods. Presenting the budget to the House of Assembly on Wednesday, Governor Babajide Sanwo-Olu said the State would be spending N325…

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