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Nigeria's recent repeal of the 1988 Arbitration and Conciliation Act and introduction of the 2023 Arbitration and Mediation Act have brought significant changes to the country's legislative framework, enhancing its position as an arbitration hub in Africa. This article explores the criticisms of the previous act and highlights notable changes introduced by the new act, including the option of an Award Review Tribunal, recognition of third party funding, and provisions for consolidation of proceedings.
Boeing projects that intra-African passenger traffic will quadruple in the next 20 years. African carriers are well-positioned to support this growth, and Boeing forecasts an increase in the average aircraft size and seats per aircraft. The recovery of African aviation traffic in 2023, combined with long-term economic growth and initiatives like the African Continental Free Trade Area, will drive the continent's air traffic demand.
Nigeria has awarded contracts to 42 companies to capture and monetize gas that is released as a byproduct of oil production. The country aims to reduce gas flaring, which costs it approximately $1 billion in lost revenue each year. The successful bidders will develop 49 sites in the oil-producing Niger Delta. Gas flares pose health hazards to communities and contribute to global warming. This move highlights Nigeria's commitment to addressing environmental concerns while harnessing its energy resources for economic growth.
The Federal Capital Territory (FCT) Administration, led by Minister Nyesom Wike, vows to prioritize the development of satellite towns. The aim is to ensure progress and prosperity reaches beyond the city center. This commitment will focus on various key areas, including infrastructure, transportation, environment, education, healthcare, and the economy.
Analyzing the first 100 days of President Tinubu's administration in Nigeria, this article explores his focus on women, youths, and the renewed expectations for the country. From economic reforms to youth inclusion, the article highlights key policies and appointments that reflect the commitment towards a better future for Nigeria.
Edo State Governor, Mr. Godwin Obaseki, has emphasized the government's efforts in driving investment in the oil palm sector to strengthen the agricultural value chain and enhance the economy of the state. With over 70,000 hectares of new lands allocated to investors for oil palm cultivation, the government aims to attract substantial investments and transform the entire agricultural industry. This strategic initiative is expected to create significant job opportunities and contribute to the economic growth of Edo State.
The Federal Capital Territory (FCT) Administration, led by Mr Nyesom Wike, emphasizes the importance of developing satellite towns in ensuring balanced progress and development in the region. Inaugurating the Mandate Secretaries, Wike highlighted the need for transparency, efficiency, and accountability in addressing key issues affecting service delivery. The focus on Internally Generated Revenue and comprehensive public transportation showcases the administration's commitment to transforming the FCT into a world-class city.
After a two-year delay, Nigeria has finally started the freight services on the long-awaited Lagos-Ibadan train line. The Minister of Transportation flagged off the cargo train, which will operate on a temporary single track until a customs scanner is removed. This development is expected to decongest the Apapa Port and ease transportation of goods across the country.
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has emphasized the importance of developing satellite towns in the FCT. During the inauguration of Mandate Secretaries for the FCT Administration, he highlighted the need for progress and development beyond the city center. With a focus on transparency, efficiency, and accountability, the FCT Administration aims to achieve a world-class capital city.
Nigeria's Vice President, Kashim Shettima, reaffirmed the government's dedication to increasing domestic health financing, promoting health industrialisation, and enhancing health outcomes in the country. The pledge was made during a visit by global health partners, including the Global Fund, US President's Malaria Initiative, and PEPFAR. This commitment demonstrates Nigeria's determination to reshape its healthcare system for the better, aiming for inclusive growth and a nation where all citizens can take pride.
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has emphasized the importance of developing satellite towns in the FCT. In his address during the inauguration of Mandate Secretaries for the FCT Administration, Wike highlighted the need for progress and development beyond the city center. The secretaries were urged to address various challenges, including procurement processes, public transportation, environment, education, agriculture, health, and tourism. The minister also emphasized the strict enforcement of the Abuja master plan and the strengthening of relevant laws to ensure the FCT's sustainable development.
Nigeria joins the Invictus Games for the first time, offering participants who have experienced physical and mental trauma the opportunity to connect and find solace. Despite criticism regarding the event's cost and motive, team members see it as a chance for healing and camaraderie.
Ibom Air, a Nigerian airline, has revealed its intention to focus on expanding its operations within Africa. The Chief Operating Officer, George Uriesi, explained that entering into unhealthy competition with big airlines in other countries would not be financially viable. Instead, the airline aims to build a secure and service-focused brand within the African region. Uriesi also highlighted the milestone achievements of Ibom Air, including reaching 2.5 million passengers and obtaining the International Air Transport Association (IATA) Operational Safety Audit (IOSA) Certification.
The Westminster Foundation for Democracy (WFD) has called on the National Assembly in Nigeria to introduce affirmative action bills that will create quotas for women, youth, and persons with disabilities (PWDs) in political positions. A report released by WFD highlighted the need for both incentives and sanctions to promote political inclusion. The report also stressed the importance of reviewing existing legislation to reduce the exorbitant costs associated with running for elective positions. The recommendation comes as a response to the major factors driving political exclusion in Nigeria, which include the monetization of the electoral process and lack of willingness by political parties to comply with inclusive practices.
The University of Lagos has announced a significant fee hike, claiming it is necessary to maintain the quality of education amid rising costs. This move has sparked uproar among students and parents. The article delves into the reasons behind the fee increase, the impact on students, and the broader educational crisis in Nigeria.
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