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The measure of efficiency and effectiveness in completing tasks, often involving time management and goal setting.
Sterling Bank has allocated N50 billion in funding to support the development of Nigeria's education infrastructure and drive the sector's productivity. The bank aims to invest in courses and professions with high potential to generate sustainable income and contribute to the economy. The focus is on building skilled manpower in sectors like health and public goods and services, where there is ready demand in both public and private sectors. By bridging the gap between academia and industry, Sterling Bank aims to create value and employment opportunities for graduates.
Analysts have suggested that policymakers in Nigeria should implement policies to boost inflows from indigenous investors in the country. They also stressed the need for a stronger exchange rate of the Naira and emphasized the importance of low inflation, productivity growth, and economic and political stability. Additionally, the fiscal and monetary authorities were advised to stimulate lending to the real sector to generate employment opportunities and to address the declining Foreign Portfolio Investment (FPI) and Foreign Direct Investment (FDI). The experts highlighted the role of the private sector in delivering universal energy access and the need for diversification as a strategy for economic growth in Nigeria. They also called for reprioritizing public spending, implementing excise reforms, property tax reforms, and improving revenue mobilization. The article explores these recommendations and the way forward for boosting indigenous investors and the Nigerian economy.
All bloggers, vloggers, and content creators in Nigeria are set to come together for the first-ever National Bloggers and Vloggers Summit. The three-day event aims to address the pressing issues of fake news, misinformation, and disinformation. With the theme "Nigeria's Consciousness Towards Good Reportage, Constructive Criticism, and National Development: The Role of Bloggers," the summit will bring together prominent figures, including General Yakubu Gowon, Prof. Wole Soyinka, and Senator Godswill Akpabio, to discuss the role of bloggers in shaping public discourse. The summit aims to encourage responsible blogging practices and promote credible information dissemination for the betterment of Nigeria.
The Lagos State Government has successfully constructed a modern floating jetty at CMS-Marina, aimed at enhancing safe commuting for both residents and visitors in Lagos. This project aligns with the T.H.E.M.E.S+ Agenda of Governor Babajide Sanwo-Olu's administration, targeting traffic management and transportation as its main pillar. The new floating jetty not only promotes a reliable alternative mode of transportation but also boosts economic activities along the Lagos waterways.
The Lagos State Government has recently finished constructing a modern floating jetty at CMS-Marina to enhance safe commuting for residents and visitors. This project aligns with the state government's focus on traffic management and transportation. The new jetty is strategically located to connect with the CMS-Marina Blue Line Rail System, making it a crucial transportation hub for connecting various coastal areas. The floating jetty is built to international standards and provides easier access to different parts of the city while improving economic activities along the Lagos waterways.
Senator Darlington Nwokocha from Abia Central Senatorial District has made a motion to suspend the screening of Festus Keyamo, a ministerial nominee from Delta State. This move has caused a heated debate in the Senate, leading to an announcement of a closed session by Senate President, Godswill Akpabio. Nwokocha accuses Keyamo of disrespecting the 9th National Assembly and labeling the previous Assembly as corrupt.
The screening of Festus Keyamo for the position of Minister of Labour and Productivity took a dramatic turn as senators clashed over allegations of corruption. One group demanded the suspension of the screening until Keyamo addressed pending issues, while another camp insisted on proceeding with the process. Amidst the chaos, many parliamentarians called for a closed-door session to resolve the matter.
The Benue Commission for Peace and Reconciliation (BCPR) is working on a 4-year Strategic Plan to address the ongoing crises in the state, including the conflicts between farmers and herders. The plan will focus on reconciliatory processes, policies, and solutions to bring about lasting peace and healing.
The Nigerian Communications Commission (NCC) and the Bureau of Public Service Reforms (BPSR) have signed a Memorandum of Understanding (MoU) to accelerate the country's digitization reform. The partnership aims to enhance efficiency and productivity in government processes by leveraging enabling policies and implementing institutions. The NCC will continue to drive broadband penetration, which will serve as the foundation for transformative digital services. The collaboration signifies a significant step towards a paperless system of governance and administration in Nigeria.
The Arewa Youth Movement (AYM) has praised President Bola Tinubu for nominating Olobunmi Tunji-Ojo, a member of the House of Representatives, as a minister. The group described Tunji-Ojo as a capable and competent individual who will make a positive impact in his national role. They commended his past achievements and expressed confidence in his ability to excel in his new assignment.
Progressive G10, a group of activists, has called on Nigerians to exercise patience and support the leadership of Asiwaju Bola Ahmed Tinubu in the face of the recent subsidy removal. They argue that the removal will have positive effects on the economy and energy sector, leading to an improved standard of living for the citizens.
The Nigeria Labour Congress (NLC) in Bayelsa State organized a peaceful protest against the fuel subsidy removal by the Federal Government. The protesters expressed their dissatisfaction with the hasty decision and its adverse effects on the welfare of workers and Nigerians. They urged the government to consider the well-being of the citizenry and voiced their opposition to the anti-people policies. The NLC also commended the Governor of Bayelsa State for prioritizing the welfare of workers and hoped for the state government's plans to mitigate the effects of the subsidy removal.
Nigeria's President Bola Tinubu has announced plans to allocate over €480 million to support the manufacturing and agricultural sectors, as well as small and medium-sized enterprises, amidst the country's ongoing economic and food crisis. In a televised address, Tinubu acknowledged the difficulties faced by Nigerians and expressed his commitment to reducing the economic burden. The government aims to invest €90 million in the manufacturing sector, €150 million in SMEs, and €240 million in agriculture. Tinubu's announcements come as Nigeria grapples with a severe economic downturn exacerbated by the COVID-19 pandemic and rising food prices.
Honourable Adegboyega Adefarati, son of the former governor of Ondo State, has appealed to organised labour to reconsider their decision to embark on a nationwide industrial action. Adefarati emphasized the negative impact the protest would have on the nation's ailing economy. He urged workers to opt for negotiation and dialogue rather than resorting to strike action. Adefarati also highlighted the government's commitment to addressing workers' concerns and ensuring a win-win situation for all.
Food prices have reached record levels in Nigeria, with the Federal Capital Territory (Abuja) and Abia State leading the way. This surge in prices has particularly affected the southern states of the country, especially the southeast region. Factors such as logistics, increased demand, and social tensions have contributed to the crisis. The government's lack of investment in large-scale agricultural cultivation is also exacerbating the problem. This article explores the reasons behind the soaring food prices and the implications for the Nigerian economy.
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