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, ...
The People’s Democratic Party (PDP), Lagos State Chapter on Wednesday faulted Gov. Babatunde Fashola's position on the National Good Governance Tour, describing it as hypocritical.
The party said that the governor’s rejection of the team on good governance tour was an attempt to hide the state's ``shortcomings’’.
The PDP said in a statement signed by its Publicity Secretary, Mr Taofik Gani that Fashola was only playing to the gallery, pointing out that he (Fashola) and other governors had endorsed the tour.
``The same governor who has condemned the good governance tour is currently on tour of project sites in the state.
``Honestly, the attitude can be described that of kettle calling pot black.
``Lagos State Government has no moral right to criticise the tour; it has been celebrating every 100 days in office since 2007 wasting public funds,’’ the party said.
The News Agency of Nigeria (NAN), reports that Fashola had on Feb. 26, while marking his 2,100 days in office, said that Lagos would not welcome the team.
According to him, ``a government does not need a good governance tour to showcase its projects as good projects can be seen by the people.’’
The National Good Governance Tour, led by the Minister of Information, Mr Labaran Maku, was inaugurated on Sept. 20, 2012.
The tour has so taken them to all the South-South states and some states in the North
Zenith Bank Nigeria Plc on Wednesday in Lagos increased to N20 million the sponsorship money for the 2012/2013 Zenith Bank Female Basketball League. The News Agency of Nigeria (NAN) reports that Zenith Bank, sponsors of the competition for the past eig...