Aso Villa Reads for Mon. 23rd August, 2021
Every day, we bring you the best stories that the Media is reporting about the Government of Nigeria
The Federal Government has restated commitment to the review of the extant vertical revenue allocation formula to the three tiers of government in the country. Aji, who is representing Yobe at the Commission, said he was mandated to interact with the state’s stakeholders in order to develop a platform that would be used in advising President Muhammadu Buhari. He said: “The current revenue allocation formula stands at 52.68 per cent for the Federal Government, that is including a special fund for the FCT; Ecological, Stabiliation and Natural Resources Development Funds. “You then have 26.72 per cent for the states and 20.6 per cent for Local Government Areas. THE GUARDIAN
The Federal Ministry of Agriculture and Rural Development (FMARD) and FrieslandCampina WAMCO, makers of Peak, Three Crowns, Olympic, Nunu and Coast milk brands, have renewed their Memorandum of Understanding (MoU) on Dairy Value Chain Development. The Minister of Agriculture and Rural Development, Alhaji Sabo Nanono and the Managing Director of FrieslandCampina WAMCO, Mr. Ben Langat, signed the renewed MoU on in Abuja yesterday. THISDAY
The Federal Government has assured securities dealers that it would create an enabling environment for optimal utilisation of the financial market to achieve double digit growth of the economy. The Federal Government also reiterated its resolve to put an end to insecurity which has significantly dampened both foreign and local investors’ interest in Nigeria. THE SUN
The Federal Ministry of Environment is being asked to set up an environmental trust fund to mitigate the negative effects of oil exploration and pollution on the people of Eleme, Rivers. Onarilo maye Ollie, Executive Chairman of the Eleme Local Government Area, said when Minister of the Environment Mohammad Abubakar visited Eleme. HYPREP Training of community workers on restoration. He thanked the minister for personally coming to launch training for young people in the area for basic restoration techniques, which he said was a lifelong experience. He urged young people to take the program seriously to reduce the effects of hydrocarbon pollution, especially oil spills in the area. BUSINESSDAY
The Federal Ministry of Communication and Digital Economy has said that it is 90 per cent ready to unbundle the Nigerian Postal Services. It said that the agency’s more than 2,000 property nationwide would be deployed to money spinning ventures. Dr Isa Pantami, the Minister told the News Agency of Nigeria in its special interview programme, NAN Forum, that property and development, logistics, courier and a micro finance company were among the forthcoming ventures. THE PUNCH
Organisers of the International Halal Expo, Abuja Chamber of Commerce and Industry (ACCI) have stated that Nigeria is expected to attract over $150 billion investment from the Halal trade exhibition. The organisers stated this at a virtual press conference to herald the expo scheduled to hold on the 14th to 16th of September 2021 at the Abuja Trade and Convention Centre, Abuja. The president, ACCI, Dr. Al-Mujtaba Abubakar, said investment would target Nigeria’s cosmetic, pharmaceutical and tourism sectors, adding that the expo would also serve as a launch pad to attract new businesses for Nigeria and Africa at large. THISDAY
The Minister of Industry, Trade and Investment, Mr. Niyi Adebayo, has launched a digital agribusiness hub, known as I-Produce, to link young farmers with international investors and markets. The digital hub was created by Inara Foundation and funded by the Islamic Development Bank. The minister at the launch in Abuja recently said the federal government fully understood the importance of digital platforms like I-Produce adding that this was why it established the Micro, Small and Medium Enterprise (MSME) Innovation Portal to ensure that MSMEs have access to a wider market and can be matched with customers and clients. THISDAY
NIRSAL Microfinance Bank (NMFB) has disbursed a total of N439.74 billion to 711,706 beneficiaries under the Agribusiness/Small and Medium Enterprises Investment Scheme (AGSMEIS) and the Targeted Credit Facility (TCF). NMFB said in a statement, in Abuja, this afternoon, that the disbursement was done through a transparent process that captured the entire six geopolitical zones of the country. VANGUARD
