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

According to Punch, Vice-President Yemi Osinbajo has said “the difference between the present administration and “the other” was that the “Muhammadu Buhari administration is not corrupt.” The Vice President acknowledged that “once a country had a President that was not corrupt, half of such country’s financial problems were over”. Speaking at the 7th Presidential Quarterly Business Forum for Private Sector stakeholders at the Presidential Villa, Abuja, he said, “Today, with less revenue, we have increased capital funding by 400 per cent in power, works and housing, in defence, transportation and agriculture.”

Nigeria’s foreign currency reserves is expected to hit $57 billion by year-end, several analysts and a senior official at the central bank told Business Day over the weekend. Business Day writes that the analysis “works out to a 29.5 percent surge from current levels of $44 billion- which compares to South Africa’s $50.5 billion reserve and Egypt’s $38 billion as of end-February 2018. Higher oil prices, increased foreign portfolio inflows and less CBN interventions in the foreign exchange market are the factors likely to spur reserve accretion, according to the apex bank official. The movement in the foreign reserve matter to foreign investors and currency traders looking out for clues in exchange rate movements.”

“The Nigerian National Petroleum Corporation (NNPC) would not relent in its quest to get the nation’s four refineries back to their optimal, nameplate capacities”. The Daily.ng, reports that “Group Managing Director of the corporation, Dr. Maikanti Baru disclosed this shortly after receiving this year’s Man of the Year Award from Nigerian News Direct, a Lagos-based daily publication, in Lagos, at the weekend. Dr. Baru said as part of the ongoing reforms in the NNPC, the corporation had been holding far-reaching discussions with some consortia to get the best funding options towards the refineries’ overhaul.”

Daily Trust reports that “the Nigerian Communications Commission (NCC) has launched a nationwide television commercial to further equip subscribers against unsolicited text messages”. The report continued: “NCC had on March 15, 2017, launched a major campaign of awareness to enlighten subscribers about issues and solutions available to them that will enable them enjoy their services. Among these solutions is the Do-Not-Disturb Code which enables subscribers who do not want to receive unsolicited text messages to simply text STOP to 2442 in any of the networks. Subscribers who want particular types of messages have opportunity to choose a particular message type by texting HELP to 2442 to avail themselves of the different options.”

“As part of its effort at improving electricity supplies to Nigerians, the Nigeria Electricity Regulatory Commission (NERC) has licensed 87 meter asset provider companies which are expected to make available series of services ranging from importing meters to vendoring and corporate installers. Their licenses have different years and dates of expiration between 2019 and 2021.” According to Business Day, “while four of the meter manufacturers would have their licenses expired between February and November 2019, only Mojec intentional would have its license expired in August 10, 2020. The other manufacturers that are given license include MOMAS Electricity Meters Manufacturing Company, Skyrun International Electricity Meter FZE, Unistar HI-Tech Systems Nigeria Limited and SIMBA Industries limited. Twenty-two importers are given licenses that will also expire between February 2019 and March 2020. 50 corporate installers were given licenses.”

Minister of Power, Works and Housing Babatunde Fashola has said that “the Federal Government will standardise the operation and management of toll gates across the country before reintroduction”. He said “the standardisation was to overcome some of the problems encountered in the past in the operation and management of the plazas. “We are also working to overcome some of the problems of the past, accountability and transparency in the operations and management. “And we think that technology provides us an opportunity to overcome those problems. “So we want to standardise all of that, then we have sent our officers out because we have revolve the design actually, what we want the toll plazas to look like”. Pulseng reported.

Business Day writes that “Nigeria is well ahead of all the other countries in Africa put together in terms of mobile phone penetration, as its mobile penetration rate stands at 84 percent while the whole of Africa has about 82 percent mobile penetration, the 2018 Jumia mobile report reveals. With an estimated population of 193.4 million in Nigeria and 162 million mobile subscriptions recorded, mobile penetration rate stands at 84 percent. This explains why Nigeria is usually referred to as a mobile first nation, which has clearly leapfrogged to become a pervasive internet employing nation thanks to mobile broadband technology.”

“The Consumer Protection Council (CPC) says the Ford Motor Company has initiated a recall in the US of about 1.4 million vehicles due to faults. Daily Trust reports that the Director-General of CPC, Mr Babatunde Irukera said this in a statement on Monday in Abuja, and added “that the recall was made on Wednesday” last week. “Irukera also called on Nigerians who own drive Ford Fusion and Lincoln MKZ models of 2014–2018 to immediately contact it by sending an e-mail to contact@cpc.gpv.ng”. He said:”The purpose of the recall is that on some models, steering wheel bolts could become loose and cause the steering wheel to potentially detach. This could lead to a serious accident. Ford admits that it has become aware of two accidents and one injury that may have been caused by the problem.”

“The International Monetary Fund (IMF) has welcomed the structural reforms currently being — implementation by the Federal Government, declaring that the Nigerian economy is exiting recession as a result of these measures”. Business Day (Tuesday, 20 March, 2018, page 35) reports that “the IMF reached this conclusion following its executive directors consultative meeting with key members of the government’s economic team including the finance minister, Kemi Adeosun, budget and planning minister, Udoma Udo Udoma, and governor of Central Bank of Nigeria (CBN), Godwin Emefiele, heads of key FGN agencies and Enabling Business Environment Secretariat (EBES) of the PEBEC.”

The Nigerian Investment Promotion Commission (NIPC) reports that “Nigeria’s export of agricultural commodities exceeded 150 per cent in the last one year.” According to the Commission’s Export Coordinating Director, Nigerian Agricultural Quarantine Service, NAQS, Dr. Vincent Isegbe, “while encouraging farmers and exporters of agric commodities following the commencement of massive sensitization on export process on various crops. Isegbe attributed the increase to the intensity of sensitization by the agency to ensure exporters of agricultural products comply with international standards. He stated: “We are on massive sensitizations on how to go about export of agricultural produce. We are going from state to state, and we are on radio and television.”