The Federal Government, through the Ministry of Humanitarian Affairs, Disaster Management and Social Development, has commenced the disbursement of N20,000 cash grants to 3,415 vulnerable groups (GVG) in Kogi state. The Minister, Sadiya Farouq, who inaugurated the disbursement on Tuesday in Lokoja, said other beneficiaries under the National Social Investment Programmes (NSIP) would also get their various packages. She said the programmes include: Government Enterprise and Empowerment Program (GEEP 2.0), Digitised Conditional Cash Transfer (CCT), NPower and Home Grown School Feeding Program (HGSFP). She said the NSIP remained a project that is consistent with the deliberate National agenda of President…
Author: TheStories
When the House of Representatives suspended plenary on October12 to allow various committees to attend to Ministries Department and Agencies (MDAs) in defence of their 2023 budget proposal not a few lawmakers were excited about the exercise. President Muhammadu Buhari had on October 7 before the joint session of the national assembly presented N20.51 trillion 2023 appropriation. Some committee chairmen saw the yearly budget defence appearance by MDAs as an annual ritual when each segment of the budget already has funds allocated to it under envelop budgeting system. According to experts envelop budgeting entails assigning every spending category in a…
Nigerian government Enterprise and Empowerment Programme (GEEP 2.0) has begun the disbursement of soft loan to 3,166 vulnerable and low-income groups that are engaged in some commercial activities in Niger. Sadiya Farouq, Minister of Humanitarian Affairs, Disaster Management and Social Development, announced this during the inauguration of the National Social Investment Programmes (N-SIP) in Minna on Tuesday. Among the programmes inaugurated were the federal government grant to vulnerable groups, GEEP 2.0 Roll-Out, digitalised payment for Conditional Cash Transfer, Height and Weight Measurement Kits, launching of nationwide sensitisation of home-grown school feeding and inspection of farm to kitchen center. Farouq said…
President Muhammadu Buhari says his administration has attracted over US$3 billion investment in the Oil and Gas Sector at a time of near-zero appetite for investment in fossil energy. Mr Femi Adesina, the President’s spokesman, in a statement, said Buhari stated this at the inauguration of the Kolmani Integrated Development Project on Tuesday in Bauchi. The company is a fully integrated in-situ development project comprising upstream production, oil refining, power generation and fertilizer. Buhari said: “Considering the land locked location and the huge capital requirement, the economics of the project is a challenging proposition. “Consequently, from the outset, I instructed NNPC…
Dr Mutiu Agboke, Resident Electoral Commissioner (REC), for Independent National Electoral Commission (INEC) in Osun, says the commission is no longer in possession of Sen. Ademola Adeleke’s Form CF 001 used in the 2018 governorship election. The tribunal had earlier granted subpoena application to the petitioners, compelling the REC to produce Adeleke’s Form CF 001. Form CF 001 is the nomination form and all its attachments, including the certificates used in the 2018 election. Gov. Adegboyega Oyetola and APC had on August 5 submitted a petition before the tribunal in Osogbo. Oyetola and APC are challenging the election results from 749 polling units…
By Abdallah el-Kurebe The UN Environment Programme (UNEP) on Tuesday, announced its 2022 Champions of the Earth, honouring a conservationist, an enterprise, an economist, a women’s rights activist, and a wildlife biologist for their transformative action to prevent, halt and reverse ecosystem degradation. Since its inception in 2005, the annual Champions of the Earth award has been awarded to trailblazers at the forefront of efforts to protect our natural world. It is the UN’s highest environmental honour. To date, the award has recognized 111 laureates: 26 world leaders, 69 individuals and 16 organizations. This year a record 2,200 nominations from around…
The National Youth Service Corps (NYSC) in Borno has awarded letters of commendation to seven camp officials for outstanding performances during the Batch “C” Stream 1 orientation course. The NYSC Coordinator in the state, Mr Nura Umar stated this during the closing of the three-week orientation exercise, on Tuesday in Katsina. The corps members were deployed to Borno undergo their orientation course in Katsina due to the security situation in Borno. He said the scheme honoured the personnel for excellent performances, and motivate others to put in their best to fast track implementation of the orientation exercise. “The personnel during…
The UK economy will contract more than any of the world’s seven most advanced nations next year as Britain suffers from painful inflation exacerbated by worker shortages and “untargeted” energy support, according to a report. The latest forecasts from the Organisation for Economic Co-operation and Development (OECD) reveal a sharp downgrade for the UK economy, which is expected to shrink by 0.4 per cent in 2023 and grow by just 0.2 per cent in 2024. It had predicted in September that UK growth would flat-line in 2023. Germany is the only other G7 country set to see a contraction in…
Financial experts have urged the Central Bank of Nigeria (CBN) to adopt a flexible foreign exchange rate regime and address the food insecurity triggering inflationary rate in the country. They said this in separate interviews on Tuesday in Lagos. Dr Muda Yusuf, the Chief Executive Officer, Centre for the Promotion of Private Enterprise, said the unstable foreign exchange rate regime was partly responsible for the rise in inflation rate. “The monetary authorities should initiate a flexible exchange rate to ensure forces of demand and supply determine the real value of the currency. “This approach is imperative because it will spur…
The Abuja Chamber of Commerce and Industry (ACCI) has appealed to the Central Bank of Nigeria (CBN) to extend the deadline for the non-continuation of the use of the current currency notes. The President of ACCI, Dr Al-Mujtaba Abubakar, made the appeal in a statement he issued on Tuesday in Abuja in reaction to the recent announcement by the CBN on the redesigning of the country’s currency. According to him, there have been various reactions from experts on the policy and while some experts agree with the CBN’s strategic objectives for the exercise, others differ. “As a chamber, we recognise…