Aso Villa Reads for Monday, Mar. 8th, 2021
Every day, we bring you the best stories that the Media is reporting about the Government of Nigeria
The Central Bank of Nigeria (CBN) at the weekend unveiled the “CBN Naira 4 Dollar Scheme,” an inducement for receivers and senders of electronic offshore fund transfers. This move aims at stimulating the international transfers and boosting Diaspora remittances in the process. The apex bank in a statement said all recipients of Diaspora remittances through CBN licensed IMTOs shall henceforth be paid N5 for every $1 received as remittance inflow. [Sun News]
The Secretary to the Government of the Federation (SGF) and the Chairman Presidential Task Force on COVID-19, Mr Boss Mustapha and members of the PTF will on Monday in Abuja receive doses of the Oxford-AstraZeneca COVID-19 vaccines.This was revealed by the director press, Office of the SGF (OSGF), Mr. Willie Bassey in a notice on Sunday. [Leadership]
The Federal Government says it would resume phase 2 rehabilitation works on the Marine Beach Bridge, Apapa, Lagos, from Tuesday.The Federal Controller of Works in Lagos, Mr Olukayode Popoola, disclosed this. Popoola said that the rehabilitation of Marine Beach bridge which would last for a total of 85 days, would ensure the replacement of damaged expansion joints, bearings and asphalt components. [Tribune]
The African Development Bank (AfDB) Group last Friday signed a $400,000 grant agreement with the Securities and Exchange Commission (SEC) of Nigeria to strengthen securities markets regulation and broaden market instruments.The funds will go towards strengthening risk-based supervision framework, regulation of derivatives and green bonds, and build capacity for green finance.[This Day]
The Central Bank of Nigeria (CBN) on Friday assured support to multilaterals willing to invest in Nigeria.This comes as Procter & Gamble, an American multinational consumer goods corporation, is investing $35 million into local production of Oral Care toothpaste, Oral B.The investment targets creation of additional 200 to the existing workforce of P&G. [Business Day]
Despite a slight drop in the volume of cargo coming into Nigeria in 2020, due to the impact of Covid-19 pandemic, the revenue generated by the Nigerian Ports Authority (NPA) grew by 14.76 percent to hit N350.37billion, the highest in the last five years.These were monies collected from royalties, cargo throughput, harbour dues, administrative and other statutory sources.[Business Day]
The director general, National Information Technology Development Agency (NITDA), Mallam Kashifu Inuwa Abdullahi, has said nurturing entrepreneurship skills and creating desired social and economic outcomes through the use of ICT among people with special needs is top on NITDA’s agenda.The NITDA boss, represented by the director, corporate planning and strategy department of the agency, Agu Collins Agu, said the aim of empowering persons with special needs is for them to acquire ICT skills, digital literacy and its applications to prop up their relationship with people and the world at large.[Leadership]
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