Aso Villa Reads for 23/09/2021

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

President Muhammadu Buhari has directed the incorporation of the Nigerian National Petroleum Company Limited. Malam Garba Shehu, the President’s Spokesman who confirmed the development in a statement on Sunday in Abuja, said the president gave the directive in his capacity as the Minister of Petroleum Resources. According to him, this is in consonance with Section 53(1) of the Petroleum Industry Act 2021. VANGUARD

Isa Ali Ibrahim Pantami, the Minister of Communications and Digital Economy (FMC&DE), has said that the Digital Transformation Technical Working Group (DT-TWG) is a critical instrument for the implementation of all pillars of the National Digital Economy Policy and Strategy (NDEPS). The Minister, who was represented by the Permanent Secretary, (FMoC&DE), Bitrus Bako Nabasu made this known today in Abuja while delivering his remarks as the chief host and special guest of honour, at the opening ceremony of the maiden edition of “Digitalisation Hangout with DT-TWG Chairmen.” BUSINESSDAY

Vice President Yemi Osinbajo has urged states’ chief law officers to leverage their network and individual positions to effect the desired changes in the justice sector. This as he commended their efforts and accomplishments in their respective jurisdictions. Osinbajo said this on Tuesday when he hosted six attorneys-general from the South-West states at the Presidential Villa. PUNCH

The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq has said that 390,000 applicants for the CBN Nexit empowerment programme out of the 500,000 enrollees have been prequalified to receive different skills on entrepreneurship from next month. The Nexit empowerment programme is designed for exited N-power beneficiaries and will provide skills and funding to start up a business or support already existing business for the shortlisted candidates. THISDAY

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) Plc, said it has trained over 700,000 farmers, including 2,600 mid-management and agriculture desk officers of commercial banks in Good Agricultural Practice (GAP) since inception. It added that training and mentorship for an additional 780 farmers and other agricultural value chain actors across the country had also been completed as part as NIRSAL’s ongoing efforts to improve the capacity and productivity and Nigerian farmers. THISDAY

President Muhammadu Buhari on Wednesday in New York, assured that Federal Government has initiated some specific actions to tackle and reverse the severe trend of biodiversity loss which affects the whole world. He gave the assurance in a video message to the hybrid High-Level event tagged “Transformative Actions for Nature and People” on the margins of the 76th Session of the United Nations General Assembly (UNGA 76). THE SUN

Federal Executive Council (FEC), presided over by Vice President Yemi Osinbajo has approved the sum of N1.039 billion for contracts variation in the ministries of health and water resources. The Minister of Information and Culture, Alhaji Lai Mohammed, made the disclosure while briefing State House Correspondents at the end of the Council meeting which held at the First Lady’s Conference Room, Presidential Villa, Abuja. Mohammed, who briefed alongside the Minister of State for Education, Chief Chukwuemeka Nwajuba said that the council approved an upward review of the contract for the emergency supply, installation and maintenance of the 38 oxygen plants all over the country in the sum of N836 million. THE SUN

Zainab Ahmed, minister of finance, budget and national planning, says the federal government would promote industrial digital economy, inclusive and economic development. Ahmed announced this at the West Africa Business Forum, themed; “Empowering women and youths to spur Africa’s transformation agenda” in Lagos, on Tuesday. CABLE

The Debt Management Office (DMO) says the federal government raised $4 billion through eurobonds. The amount, the agency said it was raised after an intensive two days of virtual meeting with investors across the globe. The federal government had listed its $3 billion eurobond in three tranches for investors, offering up to 8.6 percent for a 30-year tenor. It also appointed JP Morgan, Chapel Hill Denham and six others as transaction advisers for the issuance. CABLE

Nigeria opened the order book for a $3 billion Eurobond offering on yesterday, aiming to issue the bond next week, according to a notice to investors seen by Reuters. The West African country is aiming to issue the debt in tranches of three tenors — a seven-year at a yield of 6.5%, a 12-year bond at 7.75% and a 30-year at up to 8.625%. The government arranged calls last week and on Monday with global and local investors ahead of the planned issue. BLUEPRINT