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The Director General of the National Youth Service Corps (NYSC), Brigadier-General YD Ahmed, has urged corps members to maintain the spirit of patriotism, diligence, and resilience instilled in them during their orientation course. He emphasized the importance of embracing entrepreneurship opportunities and community development initiatives to improve the standards of local communities. Gen. Ahmed also encouraged corps members to develop the skills acquired during the NYSC's Skills Acquisition and Entrepreneurship Development (SAED) program and seek post-camp training to enhance their self-reliance prospects.
Federal Capital Territory Minister, Nyesom Wike, has pledged to recover a staggering N34 billion of outstanding debt owed to the FCT administration. Speaking during a meeting with the House of Representatives Adhoc Committee, Wike emphasized that ground rent allottees must either settle their dues or face the revocation of their properties. Additionally, Wike vowed to tie projects to the FCT's internally generated revenue (IGR), ensuring contractors receive timely payments and schemes are not abandoned. The minister expressed his intent to overhaul the Abuja Urban Mass Transport Company (AUMTCO) and highlighted the need for an organized cabinet to assume responsibility for governing affairs. Wike also addressed the proliferation of abandoned projects, stating that he would prioritize completing ongoing endeavors and leave unfinished ventures for subsequent governments.
The Central Bank of Nigeria (CBN) has announced its plan to resolve the unsettled forex backlog within the next two weeks. This move comes as the bank collaborates with commercial banks to address the liquidity issues in the foreign exchange market in the country. The backlog, estimated around $2 billion to $2.5 billion, has been a cause of concern for local businesses and foreign investors. The CBN's ability to clear the backlog and provide stability in the forex market is crucial for rebuilding investor confidence and the success of the recent currency float reform in Nigeria.
The Edo State chapter of the Nigeria Labour Congress (NLC) has sealed government facilities in the state as part of a two-day warning strike. The strike, led by the state NLC Chairman, Odion Olaye, has seen the closure of the state secretariat complex, Central Hospital, High Court complex, and other government parastatals. Olaye emphasized that the strike is total and that the NLC has the numerical strength to make their demands known to the Federal Government.
Latest news summary in Nigeria
The Chief of Naval Staff (CNS), Vice Adm. Emmanuel Ogalla, has reaffirmed the Nigerian Navy's commitment to combat oil theft and other maritime crimes. During the CNS 2023 Retreat in Abuja, he emphasized a zero-tolerance policy towards oil theft and urged naval personnel to educate their officers and ratings about this menace. The navy aims to cooperate with other military and security agencies to tackle all security threats effectively. The CNS outlined his vision and mission, emphasizing the need for a safe and secure maritime environment to encourage economic prosperity and national security.
An economist, Prof. Akpan Ekpo, has urged the Central Bank of Nigeria (CBN) to take seriously the currency swap agreement with Peoples Bank of China (PBoC) to reduce reliance on dollars for trade. This article discusses the importance of implementing the Nigeria-China currency swap and its potential benefits for businesses and the Nigerian economy.
Prof. Akpan Ekpo, Chairman of the Foundation of Economic Research and Training, has called on the newly appointed Nigerian Minister of Finance, Mr Wale Edun, to tackle the challenges of rising inflation, insecurity, and the cost of governance. In an interview, Ekpo highlighted the factors contributing to inflation and suggested possible solutions. He stressed the need to curtail government expenditure, address the security situation, and boost productivity to combat inflation effectively.
NAFDAC has warned lactating and breast feeding mothers to be cautious about consuming fruits that are artificially ripened with dangerous substances. The agency highlighted the serious health risks, including vomiting, coma, and even death, that these fruits may pose to both the mothers and their children. The warning was given at a media sensitization workshop organized by the Association of Nigeria Health Journalists. NAFDAC also expressed concerns about the increase in illegal hawking of drugs in the open market.
The Edo State Universal Basic Education (SUBEB) Chairman, Mrs Ozavize Salami, has announced the return of public primary and junior secondary schools in Edo State to a 5-day school week and a 2:46pm closing hour. This decision comes as the academic session resumes on September 11. The move aims to restore teacher-pupil contact time, improve learning outcomes, and provide regular in-person support for students.
The Nigeria Employers' Consultative Association (NECA) has urged the Federal Government to uphold the International Labour Organisation (ILO) Convention (C) 087, which safeguards freedom of association and the right to organize. NECA highlighted the violation of Convention 087 by federal and state authorities and emphasized the importance of maintaining peaceful industrial relations within Nigeria and on an international level.
Nigeria's President Bola Tinubu is attending this year's G20 summit in India as his country considers joining the bloc of major world economies. Nigeria's membership is under consideration, and the government is weighing the benefits and risks. If Nigeria joins, it would be the second African country, after South Africa, to become part of the league of the most industrialized nations. The country aims to attract foreign direct investment to build infrastructure without taking on excessive debt.
Nigeria's President Bola Tinubu is traveling to India for the annual G20 summit, as Nigeria considers whether to join the group of the world's strongest economies. Indian Prime Minister Narendra Modi extended a special invitation to Tinubu, who has drawn popular criticism for his recent reforms and their impact on the naira, Nigeria's currency. This article explores the implications of Nigeria's potential membership in the G20 and the challenges it faces.
Nigeria's President Bola Tinubu is set to attend this year's G20 summit in India, as Nigeria considers joining the bloc of major world economies. The invitation extended by Indian Prime Minister Narendra Modi reflects Nigeria's potential membership. If Nigeria becomes a part of the G20, it will be the second African country to join the league of the most industrialized nations. Nigeria's bold economic reforms under President Tinubu's leadership will be discussed during the summit, with a focus on attracting foreign direct investment for infrastructure development without increasing the country's debt.
Nigeria's President Bola Tinubu is heading to India for the G20 summit, where discussions about Nigeria joining the group will take place. The country's recent economic reforms have sparked criticism and caused a drop in the value of its currency.
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