Economy

Economy | Governance | Matters Arising

EFCC’s Intercepts 21 Trucks Smuggling of Food and Non-Food Items to Chad, Central African Republic, and Cameroon
ByGovernMend Nigeria March 5, 2024March 5, 2024

Operatives from the Maiduguri Zonal Command of the Economic and Financial Crimes Commission (EFCC) have seized 21 trucks carrying food and non-food items destined for N’djamena, Chad Republic, Central African Republic, and Cameroon. The interception occurred during a sting operation along Kalabiri/Gamboru Ngala and Bama roads in Borno State. EFCC spokesperson Dele Oyewale disclosed that…

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Economy | Governance | Politics

Former Bauchi State Governor Reveals Federal Government Still Pays Fuel Subsidy
ByGovernMend Nigeria March 5, 2024March 5, 2024

Former Governor Isa Yuguda of Bauchi State has revealed that the federal government still pays subsidies on petroleum products. Speaking on Channels Television’s Politics Today, Yuguda stated that while the subsidy removed was going into private pockets, the current subsidy payments are directed to the treasury. He emphasized that the removal of the previous subsidy,…

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Economy | Governance | Politics | Uncategorized

Edo State Governor Criticises CBN Policies, Calls for Focus on Economic Growth
ByGovernMend Nigeria March 4, 2024March 4, 2024

Edo State Governor, Mr Godwin Obaseki, has voiced his criticism of the recent policies introduced by the Central Bank of Nigeria (CBN), stating that they are not conducive to supporting the country’s economic growth. Speaking at an event organized by the Edo Zone of the Bankers’ Committee in Benin City, Governor Obaseki expressed concerns over…

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Economy | Governance | Matters Arising | Politics

Umahi Attributes Hunger Crisis to Cumulative Effects of Past Administrations
ByGovernMend Nigeria March 4, 2024March 4, 2024

Minister of Works, Dave Umahi, has advised Nigerians not to anticipate immediate resolution of the country’s challenges within the first nine months of President Bola Tinubu’s administration. Speaking at his Uburu country home in Ebonyi State, Umahi attributed the current hunger crisis to longstanding issues, particularly insecurity arising from farmers-herders clashes. Umahi, who previously chaired…

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Economy | Governance

Nigeria to Begin Distribution of 42,000 Metric Tons of Grains Across States – Minister of Agriculture
ByGovernMend Nigeria March 4, 2024March 4, 2024

The Minister of Agriculture and Food Security, Senator Abubakar Kyari, has revealed plans by the Ministry to commence the distribution of 42,000 metric tons of grains across all 36 states of Nigeria. This distribution, approved by President Bola Tinubu, aims to alleviate the hardship faced by many Nigerians, especially in the wake of recent food…

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Economy | Governance | Politics

UK Allocates £37.3 Million to Support Mobile Technology in Nigeria and Beyond
ByGovernMend Nigeria March 4, 2024March 4, 2024

The UK government has announced a significant funding boost of £37.3 million for the Mobile for Development Program, aimed at supporting countries like Nigeria in harnessing the power of mobile and digital technologies. This funding, announced by the UK’s Development Minister, Andrew Mitchell, during the 2024 Mobile World Congress, is set to benefit over 110…

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Economy | Governance | Matters Arising | Politics

Senate Top Stories: CBN Governor’s Tenure, $496m Probe, Ajaokuta Steel Company,
ByGovernMend Nigeria March 4, 2024March 4, 2024

A new proposal in the Nigerian Senate seeks to limit the tenure of Central Bank of Nigeria (CBN) chiefs to a single non-renewable term of six years, amidst ongoing political controversies. The bill comes just months after separate bills were introduced to bar governors and deputy governors of the CBN from participating in politics. The…

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Economy | Governance | Matters Arising

Binance Faces Legal Action in Nigeria Over Tax Invasion and Money Laundering Allegations
ByGovernMend Nigeria March 4, 2024March 4, 2024

The House of Representatives Committee on Financial Crimes has recommended the arrest of the chief executive officer of Binance Holding Ltd. over allegations of tax invasion and money laundering in Nigeria. The recommendation was made following a motion by Isah Dogonyaro (APC-Jigawa State) during a public hearing in Abuja. The hearing was based on a…

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Economy | Governance | Matters Arising

FCT Minister Condemns Warehouse Looting, Calls It Criminal Act Beyond Hunger
ByGovernMend Nigeria March 4, 2024March 4, 2024

The looting of a warehouse at Gwagwa-Tasha in Abuja has been described as a “very unfortunate incident” by the FCT Minister of State, Dr. Mariya Mahmoud. She expressed dismay over the looting, noting that the hoodlums not only took away food items but also the roofing sheets, windows, and gates of the facility, calling it…

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Business | Corporate Affairs | Economy

Enyimba Economic City to Boost Nigeria-India Trade to $20 Billion
ByGovernMend Nigeria March 3, 2024March 3, 2024

Vishal Jhadav, Managing Director of Crescendo Worldwide, has highlighted the potential of Enyimba Economic City (EEC) in Abia State, Nigeria, to significantly increase trade between Nigeria and India to $20 billion. Speaking at a dinner organized by the Enyimba Economic Development Company (EEDC), Jhadav expressed optimism about the impact of EEC on trade and investment…

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