nigeria

Finance Minister: Nigeria Has Revenue Issue Not Debt Crisis

Finance Minister: Nigeria Has Revenue Issue Not Debt Crisis

October 23, 2019 10:34 am
Minister of Finance, Zainab Ahmed, has said that contrary to speculations,  the country is not in debt crisis, but admitted that it has revenue generation problem.
Ahmed disclosed this Wednesday while speaking on the proposed 2020 budget at the National Assembly public hearing on the budget.
She said that the federal government had heard repeatedly that Nigeria was inching towards a debt crisis, but noted the federal government had also consistently said that Nigeria does not have a debt crisis as the total borrowing rate of the county was under 50 percent of the GDP.
Ahmed stated: “What we
…
Nigeria Will Make Telecoms Services Competitive For MTN

Nigeria Will Make Telecoms Services Competitive For MTN

October 23, 2019 10:22 am

Nigerian regulators warned they may have to take action to boost competition in the telecommunications industry, a move that could affect international operators including market leader MTN Group Ltd.

While a formal inquiry isn’t underway, authorities are focusing on ownership of data services and infrastructure in Africa’s most populous nation, Babatunde Irukera, executive vice chairman of the Federal Competition & Consumer Protection Commission, said in an interview.

“We are slicing it a little slimmer than who has the most subscribers. We are looking more at data capability and data infrastructure,” he said in Abuja, Nigeria’s capital. “Early indications show …

We Have Placed Nigeria's Security In God's Hands – Buratai

We Have Placed Nigeria’s Security In God’s Hands – Buratai

October 23, 2019 6:57 am

The Chief of Army Staff (COAS) Lt. Gen. Tukur Buratai, says the Army has engaged in spiritual warfare to counter Boko Haram propaganda.

Buratai, represented by Brig.-Gen. Timothy Olowomeye, the Director of Civil-Military Affairs, stated this at the 2019 Chaplains annual Training Conference and Retreat on Tuesday in Sokoto.

” We were involved in a joint seminar on Spiritual Warfare as an effective means against insurgency and other forms of restiveness.

” Boko Haram and the likes cannot be defeated by kinetic military warfare alone.

” Finding appropriate counter-narratives against these violent extremist sects will immensely be a big push …

20 New Coaches Will Arrive Nigeria In Six Weeks - Amaechi

20 New Coaches Will Arrive Nigeria In Six Weeks – Amaechi

October 22, 2019 3:52 am

Minister of Transport, Chibuike Rotimi Amaechi, said 20 new coaches for the Abuja-Kaduna and the Lagos-Ibadan rail lines would arrive the country in about six weeks.

Amaechi said this while answering questions on his arrival from China at the Nnamdi Azikiwe International Airport, Abuja.

Explaining the thrust of his official visit to China, where he took delivery of some new trains, Amaechi said: “We went for two items, basically to get more locomotives and coaches. They’re all ready. It will take six weeks to get to Nigeria and maybe one week to clear them. For the Lagos trains, it …

Nigeria To procure More fighter Jets From Russia – Shehu

Nigeria To procure More fighter Jets From Russia – Shehu

October 22, 2019 3:19 am

The Presidency said Nigeria will procure weapons including fighter helicopters from Russia to enhance the nation’s ongoing fight against insurgency, banditry and violence crimes.

Malam Garba Shehu, Senior Special Assistant to the President on Media and Publicity, made this known when he spoke to State House correspondents in Abuja, yesterday.

The presidential aide, who is on President Muhammadu Buhari’s entourage to Sochi, Russia, said the Nigerian leader would hold security talks with President Vladimir Putin at the sideline of the Russia-Nigeria Summit, fixed for between Oct. 23 and Oct. 25.

According to Shehu, during the talks, the two leaders will …

Nigeria Needs More Private Sector Investment - Atiku

Nigeria Needs More Private Sector Investment – Atiku

October 21, 2019 10:56 am

Mr. Olusegun Adeyemi-Showunmi, who is the spokesperson of the presidential candidate of the Peoples Democratic Party (PDP) in the 2019 elections, Alhaji Atiku Abubakar, has stressed the need for the federal government to focus more on attracting private capital.

Speaking in an interview on the sidelines of the just-concluded International Monetary Fund/World Bank Annual Meetings in Washington DC, Adeyemi-Showunmi, who is also the Managing Director of Right Dev, expressed dismay over the federal government’s aggressive tax drive, saying it was focused on impoverishing Nigerians.

He said his participation at the meetings was to see precisely where the world was going …

Nigeria Pledges $12M To Global Fund On Malaria, TB, Others

Nigeria Pledges $12M To Global Fund On Malaria, TB, Others

October 21, 2019 1:46 am

Federal Government has pledged $12 million to Global Fund to strengthen the fight against malaria, tuberculosis, HIV/AIDS, and other communicable diseases.

Spokesperson, National Agency for the Control of Aids (NACA), Toyin Aderibigbe, in statement, yesterday, said the pledge was made at the sixth replenishment conference of the Global Fund to fight AIDS, Tuberculosis and Malaria (Global Fund), held in Lyon, France.

She said that, in total, $14.02 billion was realised from 23 implementing countries for use in next three years, to save 16 million lives by 2030 through health system strengthening, health security reinforcement via disease surveillance and tackling health …

Nigeria Records 789,037 Under-Five Child Deaths – Study

Nigeria Records 789,037 Under-Five Child Deaths – Study

October 20, 2019 2:22 am

• Records Highest Among Low, Middle Income Countries
• 15, 000 Children Die Everyday Globally

A recent study has revealed that Nigeria has the highest number of under-five child mortality among low and middle-income countries, as about 789, 037 children die before their fifth birthday.

The study, which also revealed that about 15, 000 children die every day worldwide, showed that despite progress made in achieving the United Nations’ target for child survival by countries, about 789, 037 children died before age five in 2017 as compared to 1,011,620 deaths in 2000.

The research, conducted by the Institute for Health …

Border Closure: IMF Backs Nigeria, Urges Redress Of Issue

Border Closure: IMF Backs Nigeria, Urges Redress Of Issue

October 19, 2019 9:03 am
The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade.

Mr Abebe Selassie, the Director of the African Department at the IMF, gave the position at a media briefing on the sidelines of the World Bank/IMF Annual Meetings in Washington.

He was responding to a question on whether the closure negates the African Continental Free Trade Agreement (AfCFTA).

Selassie said although free trade was critical to the economic growth of the continent, it must be legal and in line with agreements.

`On the border closure in Nigeria which

…
PFN Backs Osinbajo, Says He Is Passionate About Nigeria

PFN Backs Osinbajo, Says He Is Passionate About Nigeria

October 19, 2019 6:09 am

A delegation of the Pentecostal Fellowship of Nigeria (PFN), led by its President, Dr. Felix Omobude, yesterday visited Vice President Yemi Osinbajo at the Presidential Villa, Abuja and declared full support for the Vice President as he continues with his duties.

Omobude, who spoke with State House Correspondents afterward, said the fellowship was solidly behind the vice president. The PFN president said it was a family visit, as the vice president was one of PFN’s constituents.

He said that Osinbajo loved Nigeria and was passionate about the country, which he always displayed in the discharge of his duties.

Omobude said …

Firm Launches App To Enhance Kids’ Learning In Nigeria

Firm Launches App To Enhance Kids’ Learning In Nigeria

October 18, 2019 5:57 am

A Nigerian educational technology company, 9ijakids, has launched mobile application to revolutionise kids’ learning in Nigeria.

The App, built around the Nigerian school curriculum, addresses challenges associated with learning, using technology and games to build fun, alternative learning and instructional opportunities for kids, while teaching them core skills and values.

Speaking on the 9ijakids learning service, the Vice President, Global Business Development and Co-founder 9ijakids, Mrs. Titi Adewusi, disclosed that the company is passionate about grooming a generation of children to become successful business-people, develop an entrepreneurial mindset with integrity and honesty.

READ ALSO: LASG To Build A Jetty At …

Nigeria Can’t Recover $62bn From Oil Majors, Says Sylva

Nigeria Can’t Recover $62bn From Oil Majors, Says Sylva

October 17, 2019 8:27 am

The Minister of State for Petroleum, Mr. Timipre Sylva has said that Nigeria knows that it cannot recover $62 billion from oil majors despite ongoing cases against the companies for money the government believes it is owed.

“Nobody can bring out that kind of money,” Sylva told reporters after a weekly cabinet meeting in Abuja. “I mean, we can’t get $62 billion. We can maybe get something from them but not $62 billion. It’s an opportunity we have lost.”

The federal government has been fighting for the cash under a 1990s law that states it can revisit the Production …

TRENDING

Breaking

𝐀𝐟𝐫𝐢𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐍𝐞𝐰𝐬, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤, is a nonpartisan online news portal founded on the truth to provide you with weekly, insightful articles written with precision and current updates on current events from Africa in particular and the rest of the world in general. All of our reports undergo extensive fact-checking to ensure their veracity, and we adhere strictly to the facts, no matter whose ox is gored.

follow on social media

Facebook Twitter Youtube Telegram Linkedin

subscribe to newsletter

© 2018 - 2020 Africa digital news, New York
Powered by

People and Polity