Vice President Kashim Shettima has tasked the newly appointed Board of Directors of the Nigeria Sovereign Investment Authority (NSIA) with expanding the country’s investment portfolio to bolster key sectors of the economy. Addressing the board members, Shettima emphasised their critical responsibility as stewards of Nigeria’s collective wealth. According to his spokesperson, Stanley Nkwocha, the Vice President delivered this message during a meeting with the NSIA board at the Presidential Villa in Abuja on Tuesday. Shettima articulated the administration’s strategic vision for the NSIA, drawing parallels with more established sovereign wealth funds. Acknowledging Nigeria’s delayed establishment of such a fund, he said,…
Author: Friday Omosola
Alaco Construction Ltd and Rudy Construction Ltd have pledged to further invest in the Ondo State economy. In a statement by Governor Lucky Aiyedatiwa’s Chief Press Secretary, Ebenezer Adeniyan, it was revealed that representatives from the two multinational companies, which have business interests in the state, visited the governor’s office in Akure on Tuesday. Rodolph El Najjar, Managing Director of Rudy Construction, and Aladen, Managing Director of Alaco Construction, were received on behalf of the governor by the Chief of Protocol, Abayomi Olasanya. READ ALSO: Flood: FG delegation visits Ondo During the visit, Mr Najjar and Mr Aladen praised Governor…
The Bayelsa State Government has partnered with the Ministry of Marine and Blue Economy to promote sectoral development within the state. Governor Douye Diri shared via his X account that he recently met with the Minister of Marine and Blue Economy, Adegboyega Oyetola, to discuss plans aimed at diversifying the state’s economy. He said central to this effort is the establishment of the Bayelsa State Ministry of Marine and Blue Economy. READ ALSO: Tinubu demands collaborative action to drive economic growth Governor Diri also noted that his administration is committed to leveraging the state’s maritime resources, with plans to invest…
On Friday, Justice R.A. Oshodi of the Special Offences Court in Ikeja, Lagos, dismissed the objection raised by defence counsel Olalekan Ojo in the trial of seven individuals accused of participating in a £1 million fraud. The court also accepted a flash drive containing video evidence of the sixth defendant, which was presented by the prosecution. The Economic and Financial Crimes Commission (EFCC) earlier arraigned Morufu Adewale, also known as Gbegunleri Adelana, Abayomi Alaka, aka Dauda Usman Alashe, Omitogun Ajayi, and Ajisegiri Abiodun on 3 February 2022 before Justice Oluwatoyin Taiwo of the same court. Three other defendants—Taiwo Ahmed, Raufu…
Justice Abimbola Awogboro of the Federal High Court in Ilorin has sentenced Yakubu Aminu to 200 hours of community service for operating a bureau de change business without a valid license. In a related case, Justice Hammed Gegele of the Kwara State High Court sentenced Abdullahi Abdulrasaq Omotosho and Akeem Ibrahim Salaudeen to prison for their involvement in internet fraud. The Ilorin Zonal Office of the Economic and Financial Crimes Commission (EFCC) arraigned all three individuals on separate charges on October 9. The charge against Yakubu reads: “That you, Yakubu Aminu sometime in July 2024, at Chikanda Market, Yashikira District, Baruten Local Government…
President Bola Tinubu has urged for stronger collaboration between government agencies, the private sector, and international partners to drive economic growth, improve competitiveness, and ensure stability in Nigeria. This call follows encouraging economic indicators, signalling that recent reforms introduced by his administration are starting to show positive outcomes. Speaking at the 30th Nigerian Economic Summit on Monday, organized by the Nigerian Economic Summit Group in partnership with the Ministry of Budget and Economic Planning, President Tinubu highlighted his administration’s Renewed Hope Agenda. The agenda is focused on fostering an environment conducive to sustainable economic growth and shared prosperity. Tinubu stressed the need…
Vice President Kashim Shettima has inaugurated the Steering Committee of the Nigeria Jubilee Fellowship Programme (NJFP), a federal government initiative aimed at expanding employment opportunities and improving the employability of recent graduates by equipping them with market-ready skills. The NJFP, coordinated by the Office of the Vice President and implemented in partnership with the United Nations Development Programme (UNDP), receives seed funding from the European Union (EU). It was designed to address the challenges Nigerian graduates face in securing meaningful employment, while also developing a scalable model to tackle the root causes of rising unemployment and underemployment in the country.…
Ogun State Governor Dapo Abiodun has approved a new minimum wage of N77,000 for the lowest-paid workers in the state, effective immediately. This announcement followed a meeting between the state government, led by Secretary to the State Government, Tokunbo Talabi, and leaders from the Organised Labour in Ogun State, including the Nigeria Labour Congress (NLC), Trade Union Congress (TUC), and Joint Negotiating Council (JNC). During the meeting, Talabi stated that the governor mandated that no worker in the state should earn less than N77,000 starting in October. He added that Abiodun is committed to improving the welfare of the state’s residents and…
Interior Minister Olubunmi Tunji-Ojo on Monday reaffirmed the Tinubu administration’s commitment to proactive border management, emphasising its importance in addressing emerging challenges to national security. Tunji-Ojo made this statement while presiding over a presentation on the newly developed Integrated Border Management System for the Nigeria Immigration Service (NIS). In a statement on his X page, the minister said the NIS’s integrated system brings together expertise to bolster national security while ensuring the smooth facilitation of legitimate travel both in and out of Nigeria. He said: “At the centre of this system is our e-Gate facility that is designed (amongst other responsibilities) to…
Ondo State Governor Lucky Aiyedatiwa has pledged to dualize the major road in Akungba Akoko, located in the Akoko South West local government area, and construct an overhead bridge for pedestrians. In a statement released on Monday by his Chief Press Secretary, Ebenezer Adeniyan, the governor emphasised that this initiative aims to reduce the frequent accidents occurring on the road. Governor Aiyedatiwa made this commitment during an interaction with market women and youth from the community while returning from his senatorial campaign rally in Ikare Akoko, in the Akoko North East local government area. In response to the concerns raised by the…
