Every day, we bring you the best stories the media is reporting about the Government of Nigeria
“The Federal Government has secured a $500 million loan facility from the Export Import Bank of China (CEXIM), through the Bank of Industry (BoI), to establish modular refineries and implement the Flare Gas Recovery Programme. The establishment of modular refineries is part of the federal government’s strategy for ending importation of petroleum products and discouraging illegal oil bunkering, especially in the Niger Delta. The federal said the purpose of the loan was to ensure availability of refined petroleum products within the country, monetise gas flare, reduce cost of products in the mid-term and provide employment for Nigerians. The government said the credit arrangement reinforced its determination to stimulate economic growth, drive investment, and provide jobs for Nigerians.” This Day reported.
Punch reported that “the Federal Government has released N9bn for the construction of 550 low-cost houses in Zuba, a suburb of the Federal Capital Territory, in the pilot phase. According to the Federal Housing Authority, the low-cost houses, which shall be replicated in all-state capitals across the country, will be specifically for low-income earners. The Managing Director/Chief Executive Officer, FHA, Prof Mohammed Al-Amin, disclosed this in Abuja after inspecting the on-going construction work at the site of the pilot project in Zuba. The Chairman of the Board of Directors, FHA, Lawal Shuaibu, said the 550 housing project was a social intervention scheme of the Federal Government, adding that the agency was also involved in the construction of commercial houses for high income earners.”
“Nigeria exported N85.9bn worth of agricultural produce to countries outside Africa in a three-month period, covering April to June this year. Figures obtained from the National Bureau of Statistics for the sector showed that the country recorded a total trade of N310.4bn from agric produce within the period under review.” Punch reported that “while the N310.4bn represents about 4.72 per cent of the total trade, which the country recorded during the period, the exported agricultural produce (N85.9bn) amounts to 1.92 per cent of the total trade. In terms of region where these agricultural products were exported, findings revealed that they were exported to Asia with about N64.6bn and Europe with N15.3bn. The major exported agricultural products during the three months under review were cashew nuts (N38.4bn), Sesamum seeds (N19.4bn), raw cocoa beans (N6.8bn), fermented cocoa beans (N4.6bn), frozen shrimps and prawns (N3.1bn).”
“The Nigerian Geological Survey Agency has assured that it is in control of the earth tremor that rocked Mpape, located outskirts of Nigeria’s capital city, Abuja on the 5th of September. Speaking to newsmen on Friday in Abuja, Alex Nwaegbu, director general of the Nigerian Geological Survey Agency, said the agency has since dispatched a team of geologists and geophysicist on a fact-finding mission.” Business Day reports that “giving further insight on the preliminary findings, the director general said analysis of regional airborne geophysical data has identified the area to have undergone series of tectonic activities leading to structural emplacement. The Federal government as a result of this development rolled out emergency numbers for calls in case of any tremor anywhere across the country to include: 08035956056, 08023154825, 08037000623.”
“No fewer than 223 market women in the Federal Capital Territory (FCT) belonging to various cooperative societies shared N4.5 million grant with each getting N20,000. Vice President Yemi Osinbajo disbursed the funds in Abuja, during the commissioning of FCT’s Micro, Small and Medium Enterprises (MSMEs), One-Stop-Shop. Osinbajo who was represented by Aisha Abubakar, Minister of State for Industries, Trade and Investment, described the One-Stop-Shop as a platform designed to eliminate the hassles that start-up businesses encounter in their efforts to access registrations and other support services provided by government agencies. Under the arrangement, spaces are provided under one roof for agencies like Corporate Affairs Commission (CAC), Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Nigeria export Promotion Council (NEPC) and others. So far the shops have been launched in six states including Cross River, Osun and Plateau states among others.” Business Day (Monday, 10th September 2018, Page 36) reported.
“The Presidency said on Saturday that Nigerian delegation, led by President Muhammadu Buhari, to the just-concluded Forum on China-Africa Cooperation summit in Beijing, China, signed 13 deals worth $10bn. It said the Nigeria Investment Promotion Council and the Attorney General and Minister of Justice of the Federation were to subsequently sign more of such deals which were said to be under discussion.” According to Punch, “Senior Special Assistant to the President on Media and Publicity, Garba Shehu, said on Saturday that the deals signed by Buhari and his delegation bordered on direct investments, job creation, infrastructure financing and Information Communication Technology. In a statement he titled, ‘President Buhari’s takeaways from FOCAC Beijing Summit’. Shehu detailed what he described as Nigeria’s achievements from the President’s six-day working visit to China. He described Buhari’s engagements with Chinese President, Xi Jinping, and others during the visit as successful and highly rewarding.”