Aso Villa Reads for 31/1/18
Every day, we bring you the best stories the media is reporting about the Government of Nigeria.
Business Day (31 January 2018, page 38) reports that Nigeria secured US$66.36 billion worth of investment commitments for 112 projects across 27 states and the FCT in 2017, according to the Nigerian Investment Promotion Commission (NIPC). The report is based only on investment announcements cited in the NIPC Intelligence Newsletters published from January to December 2017 and may not contain exhaustive information on all investment announcements in Nigeria during the period, according to Yewande Sadiku, Executive Secretary of the NIPC. The oil and gas sector currently account for the highest announced investments with deals worth $25.26bn, 38% of the total.
The Nigerian Army on Wednesday has discovered a base used by armed militias terrorising Benue, Nasarawa and Taraba states at Tor-Dunga Town in the Katsina-Ala Local Government Area of Benue State. The army revealed that it has also arrested a native doctor, Tordue Gber also known by an alias, Tiv Swem, who allegedly supplied charms to the militias. Punch reports that the arrest was made by the 707 Special Forces Brigade in Makurdi, Benue State.
Nigeria’s agricultural sector is to witness improved access to credit, investment and growth, as five insurers have formed a consortium to underwrite an index-based agricultural insurance programme. According to Business Day (31 January 2018, page 38), the consortium, includes Leadway Assurance Company Limited, Royal Exchange Assurance Plc, Nigerian Agricultural Insurance Scheme (NAIC) and AXA Mansard. It is to grant group yield crop insurance cover for the 2017 farming season and many more insurers are expected to do same in the near future. They have received product approval from the National Insurance Commission (NAICOM) for the pilot scheme in ten states including; Adamawa, Bauchi, Benue, Kaduna, Kano, Katsina, Kebbi, Nasarawa, Taraba and Zamfara for rice, maize soya and sorghum.
As part of the on-going clearance operation to dislodge remnants of Boko Haram insurgents, the Nigerian Army has embarked on road construction project in Sambisa Forest. The Director, Army Public Relations, Brig.-Gen. Sani Kukasheka, made disclosed this in a statement issued in Maiduguri. He said that the army had begun construction of access road to open the forest and link adjourning communities. He listed the projects as Gwoza-Yamtake-Bita-Tokumbere-Sambisa and Gwoza-Yamtake-Bita roads. “In its efforts to make Sambisa forest habitable and also training ground, the Nigerian Army is following up the ongoing clearance operations with road construction into main heartland of the forest and adjoining communities”, says Vanguard.
According to Business Day (31 January 2018, page 15)The proposed Lekki Deep Seaport has been projected, when completed, to create businesses and economic activities that would bring in revenue, which will be close to $361bn within the concession period of the port. The port is also expected to create 169,972 jobs from port operations while approximately $20 billion will be spent by companies operating within the port on payment of employee salaries.
Voice of Nigeria reports that after several years of painstaking negotiations and diplomatic shuttles, the Attorney General of the Federation and Minister of Justice, Abubakar Malami, has said that his ministry has done well in the area of recovering Nigerian assets in foreign jurisdiction. He made this known at the Ministry’s 2018 Budget Defence presentation and performance appraisal of 2017 appropriation before the House of Representatives Committee on Justice in Abuja. Represented by the Solicitor General of the Federation /Permanent Secretary, Dayo Apata, Esq., the Minister said the success was achieved through the establishment of Assets Recovery Unit within the Ministry which proactively engaged with domestic and international partners in the business of asset recovery for the Federal government.
Following the murder of an official of the Nigerian National Petroleum Corporation (NNPC) while his group was busy working on the petroleum pipeline at Tse Torkula, a border community in Guma Local Government Area, between Nasarawa and Benue states, President Muhammadu Buhari, yesterday, said that his administration would no longer tolerate acts of killings and kidnapping for ransom by armed gangs in the country. President Buhari further expressed worry that the recent upsurge in insecurity in different parts of the country has affected the nation’s development, adding that his administration would not fail to bring the perpetrators to justice, so says Vanguard.
The Standard Organisation of Nigeria (SON) has begun to implement the International Organisation for Standardisation (ISO) 37001 as a new mode in business engagements in Nigeria, which would also assist it in fighting corruption through proper standardisation. The Director General of SON, Osita Aboloma, while speaking on the adoption the ISO 37001 called the ‘Anti-Bribery Management System Standard’ noted that the standard was borne out of the desire to proffer solutions to the national discourse on corruption in our country leveraging on standardisation tools. This was reported by Business Day.
The Federal Government is set to rid the country of illegal small arms and light weapons in an effort to stop the recurrent herders/farmers’ clashes, militancy and other violent crimes. Minister of Interior, Lt Gen. (rtd) Abdulrahman Dambazau, stated this in Abuja at the end of a meeting of relevant agencies convened to examine and propose solutions to the challenges of proliferation of small arms and light weapons, and the problem of drug abuse in Nigeria. Voice of Nigeria records that suggestions were brought up during the meeting, and embedded in a 15-point statement, comprising how to control drug abuse and trafficking, how to upgrade border security and management, employ effective law enforcement and management, and how to properly utilize regional and international support in tackling the security challenges.
While leading a delegation to the palace of the Oba of Lagos, Akiolu I, the Chairman of the Federal Inland Revenue Service (FIRS), Tunde Fowler, has said that the FIRS collected a total of N4.03 trillion in revenue, last year. Premium Times, reports that the delegation comprised of members of FIRS Board, some members of House of Representatives and members of states’ Boards of Internal Revenue Service.Mr. Fowler said that the collected revenue represented 82.38 per cent of the N4.89 trillion target set for the Service by the Federal Government during the period.
According to Linda Ikeji Blog, “the Nigerian Federal Government has said it will shut down all open drug markets this year to curb unwholesome drug distribution system. The Minister of Health, Prof. Isaac Adewole, disclosed this in a statement issued after a ground breaking ceremony of the Coordinated Wholesale Centre (CWC) in Abia. Adewole, in the statement made available to the News Agency of Nigeria by the Pharmacists Council of Nigeria (PCN), frowned at the chaotic drug distribution system in the country thereby endangering the lives of the populace”.