Aso Villa Reads for 23/11/2021

Every day, we bring you the best stories the Media is reporting about the Government of Nigeria

The federal government of Nigeria is mulling plans to replace the controversial petrol subsidy scheme with an N5,000 monthly transportation grant to the poorest Nigerians. According to Zainab Ahmed, minister of finance, budget and national planning, the grant will go to about 30 to 40 million Nigerians who make up the poorest population of the country which will depend on the resources available after the removal of the fuel subsidy. “The subsidies regime in the oil sector remains unsustainable and economically disingenuous,” she said at the launch of the World Bank Nigeria Development Update (NDU) on Tuesday. BUSINESSDAY

Vice President Yemi Osinbajo on Monday hailed Coca Cola company for its plan to invest $1bn in Nigeria in the next five years, stating that such a move is a testament to the possibilities in the Nigerian economy. The Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, revealed this on Tuesday in a statement titled, ‘Osinbajo Hails Coca Cola’s Planned $1b Investment In Nigeria, Celebrates 70 Years Of Company In Nigeria. PUNCH

The Central Bank of Nigeria (CBN) yesterday said it was working with key stakeholders in the payment system ecosystem to boost the adoption of its digital currency known as the eNaira.The stakeholders, particularly Payment Service Providers (PSPs) and a community of fintech groups, after a one-day engagement with the apex bank in Lagos, resolved to partner to ensure more adoption of the CBDC in the country.Speaking at the meeting, the CBN Director, Information Technology Department (ITD), Mrs. Rakiya Mohammed, explained that the apex bank was neither competing with the Deposit Money Banks (DMBs) nor other actors in the Nigerian payment system environment. THSDAY

The Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, on Monday, said the Ministry had disbursed N56.84 billion to beneficiaries of the Micro, Small and Medium Enterprises (MSMEs) out of the N75 billion survival fund by the Federal Government. The Minister, represented by the Ministry’s Permanent Secretary, Dr. Evelyn Ngige, said this during the opening of a technical session of the 13th meeting of the National Council on Industry, Investment and Trade held in Ado Ekiti, the Ekiti State capital. He said the scheme was targeted at strengthening ordinary Nigerians and reduce the poverty index to the nearest minimal. The theme of the summit, Micro, Small and Medium Enterprises Development in Nigeria: The Roles of Stakeholders.’ THE SUN

The Federal Government through the Federal Ministry of Agriculture and Rural Development, on Monday inaugurated the National Egg Production (NEGPRO) Scheme in Kogi to boost poultry farming in the country. The National Poultry Desk Officer, the Department of Animal and Husbandry Services of the ministry, Mrs Vivian Ibe, made this known at the inauguration in Lokoja. Ibe said that the scheme was aimed at creating awareness and boosting egg productions nationwide. “The essence of the scheme is to create awareness aimed at strengthening egg production, its marketing and utilisation capacity of poultry products in Nigeria.’’ The desk officer said that the national egg production scheme was a five-year programme targeted at promoting economic development, income, livestock and job opportunity in the country. GUARDIAN