Federal Government Warns MDAs Against Budget Padding, Emphasizes Mandate Adherence
The Federal Government has commenced preparations for the 2025 national budget, issuing a stern warning to ministries, departments, and agencies (MDAs) to adhere strictly to their mandates when submitting budget proposals. The Director-General of the Budget Office, Tanimu Yakubu, emphasized the importance of quality in the national budget, noting that stakeholders often question the relevance, execution, and effectiveness of budgetary...
Enugu State Revives Sunrise Flour Mill with N40 Billion Investment
The Enugu State government has taken a significant step towards reviving its economy by signing a N40 billion Memorandum of Understanding (MoU) with JELFAH Group to revitalize the Sunrise Flour Mill in Emene. Governor Peter Mbah, who signed the deal, reiterated his commitment to creating a conducive environment for investors in the state. He emphasized that the partnership with JELFAH...
Indonesia-Africa Forum Delivers Significant Business Deals
The recently concluded 2nd Indonesia-Africa Forum in Bali has yielded substantial results for bilateral trade between Indonesia and African countries. A total of 32 business partnership deals, valued at over $3.5 billion, were signed during the event. The Nigerian delegation, led by Minister of Information and National Orientation, Mohammed Idris Malagi, and the President of the Nigerian Indonesian Chamber of...
Nigerian Economic Society Calls for Urgent Government Action
The Nigerian Economic Society (NES) has issued a stark warning about the nation's socio-economic challenges, urging the federal government to take immediate action. In a communique released following its 65th Annual Conference, the NES highlighted the pressing issues facing Nigeria, including low personal incomes, dysfunctional education and healthcare systems, unemployment, rising inflation, poverty, and other critical factors contributing to insecurity,...
EKEDC Warns Customers Against Meter Fraud
The Eko Electricity Distribution Company (EKEDC) has issued a stern warning to its customers against falling victim to fraudulent activities related to meter procurement and other services. The company emphasized that all payments should be made directly through official and approved channels. The warning comes in the wake of the arrest and arraignment of one Mufutau Bello, who was accused...
Nigeria’s Economy Poised for Growth: FDC Predicts
The Nigerian economy is on track for significant growth in the coming years, according to Bismarck Rewane, Managing Director/Chief Executive Officer of Financial Derivatives Company Limited (FDC). Rewane, speaking at the Access Bank Customer Forum, projected that the economy would expand by 3.5% by 2026, pushing the country's Gross Domestic Product (GDP) to approximately $400 billion. This growth trajectory would...
CDK Industries and NIA Partner to Empower Young Architects
CDK Integrated Industries and the Nigeria Institute of Architecture (NIA) have joined forces to promote the development of young architects in Nigeria. The partnership aims to revolutionize the nation's construction industry by investing in emerging talent. CDK Industries has launched an "Innovation Challenge" specifically targeted at young architects pursuing tertiary education in Nigeria. This initiative will recognize and reward students...
Nigeria Takes a Giant Leap Towards Industrialization: Ajaokuta Steel Plant Revival
In a historic move, the Nigerian government has signed a Memorandum of Understanding (MoU) with Messrs Tyazhpromexport, the original builders of the Ajaokuta steel plant, to revive, complete, and operate the facility. This marks a significant step towards realizing Nigeria's long-held dream of industrial self-sufficiency. A Decade-Long Dream The Ajaokuta Integrated Steel Complex, conceived in 1979, has been a symbol of...
The Future of Cybersecurity: A Deep Dive into Emerging Trends
Cybersecurity, once a niche concern, has become a paramount issue for individuals and organizations alike. As technology continues to evolve at a rapid pace, so too do the threats to our digital world. In this article, we will explore some of the most pressing cybersecurity trends shaping our future. 1. Artificial Intelligence (AI) and Machine Learning AI and machine learning are...
Coca-Cola System Announces $1 Billion Investment in Nigeria
The Coca-Cola System in Nigeria has announced plans to invest $1 billion in the country over the next five years. This significant investment will be made in various value chain areas, including suppliers, distributors, retailers, and recyclers. The announcement was made following a meeting between the Coca-Cola System delegation and President Bola Tinubu at the State House in Nigeria. The...
