The leadership of the Congress for Progressive Change (CPC) has announced the expulsion of Sen. Rufai Hanga, Engr. Badmus Mutalif, Abduwaheed Adeleke and Chief Dennis Aghanya. The quartet were expelled for instituting a court action against the party w...
Governor of the Central Bank of Nigeria Malam Sanusi Lamido Sanusi has said that the establishment of private universities is a catalyst that may revive the quality of education in Nigeria. Speaking, yesterday, as a guest lecturer at the 2nd convocatio...
Arewa Youth Forum (AYF), yesterday, expressed displeasure with the National Chairman of the People’s Democratic Party (PDP), Alhaji Bamanga Tukur for endorsing the candidature of President Goodluck Jonathan for 2015. The northern yout...
A report released by Maersk Nigeria Ltd has shown that traditional commodities including electronics, cars, food items, chemicals, machinery and paper among other goods covering industrial needs and private consumption remained the dominant items impor...
Senators have described the current budgeting process adopted by the federal government as “arbitrary” hence, come 2014, the Senate has signalled it would scrap the contentious ‘envelope system’ adopted by the finance ministry i...
In line with its commitment to supporting countries in their development efforts, the Board of Directors of the African Development Bank Group Wednesday approved in Abidjan, Côte d’Ivoire, a loan of US $300 million to finance the Nigeria’s transport sector and Economic Governance Reform Programme and the Nigeria Country Strategy Paper (CSP) for the period 2013-2017.
The bank in a statement made available to LEADERSHIP explained that the loan aims to support the Nigerian government to accelerate reform implementation in the areas of transport sector governance, and public expenditure management. Reform measures include the establishment of a Federal Road Authority, National Road Maintenance Fund, Road-Tolling Policy, and Axel Load Control Policy.
“In the areas of public financial management reform, the programme involves the adoption of International Public Sector Accounting Standards (IPSAS), Internal Audit Modernisation Plan, Treasuring Single Account (TSA), Government Integrated Public Financial Management (GIFMIS), and Transparency and Compliance in Procurement and Audit Practices,” AfDB stated.
The bank further said, “The programme will also create fiscal space for increased investment in road infrastructure development. It is an integral part of a broader set of interventions of the bank designed to support Nigeria’s Transformation Agenda with emphasis on economic governance and infrastructure development” and added “the Country Strategy Paper outlines the Bank’s engagement and assistance to the Federal Republic of Nigeria. It will focus on two strategic pillars, namely; supporting the development of a sound policy environment, and investing in critical infrastructure to promote the development of the real sector of the economy.”
Jaiz Bank Plc has unveiled its array of value adding products and services at the ongoing 34th Kaduna International Trade Fair with a firm commitment to the provision of ethical banking services. Key amongst the areas being financed by the bank are the...
The National Agency for Food, Drug Administration and Control (NAFDAC) on Wednesday said it had engaged 27 volunteers to enhance surveillance and check the menace of drug hawking in Jigawa. The state Director of the agency, Mr Kenneth Azikiwe, to...
The Office of the Attorney-General of the Federation (AGF) has stated that it has reached a stalemate in the prosecution of the circumstances surrounding the murder of Mr Olaitan Oyerinde, the former principal personal secretary of Edo State gove...
No fewer than five persons including the clerk of council and four councilors have taken weapons against one another in a leadership crisis that erupted in the Okpokwu Local Government Council of Benue state. The crisis, which reared its head on Tuesda...
The Defence Headquarters yesterday asked Boko Haram sect to channel whatever demand they have concerning the foreign hostages the sect is holding to the Joint Task Force (JTF) instead of using YouTube. Since the French tourists have been kidnapped, the...
Men of the Joint Task Force (JTF) yesterday killed a middle aged man at the military check point at Lambar Rimi in Rimi local government area of Katsina State for allegedly trying to exchange gun fire with its operatives. The incident occurred yesterda...
The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday in Abuja presented the template for the fiscal allocation and statutory disbursement audit to stakeholders for necessary input. The audit exercise which will cover the period 2...
African farmers and agribusinesses could tap into a trillion-dollar market by 2030 if they can secure access to significantly more capital and infrastructure, including irrigation, to grow their food and compete in the global market. The new World Bank...
The application of two oil marketers to have the fraud charges preferred against them by the Economic and Financial Crimes Commission was quashed yesterday by a Lagos High Court in Ikeja. Aro Bamidele and Abiodun Bankole alongside their company, ...