[JH] Nigerians Have Lost Confidence In Security – President Buhari

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In this episode, the discussion is centered on President Muhammadu Buhari’s statement about Nigerians losing hope in the security sector of the country.
#JournalistsHangout #Nigeria #Buhari

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WILAT Nigeria Calls For Effective Responses Strategies To Boost Transport Sector

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WLAT Nigeria is calling on the government to map out strategies in boosting the logistics and transport sector of the country.
#WLAT #Transport #Logistics

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Nigeria’s Banks’ Assets To Weaken Due To Pandemic

The Central Bank of Nigeria has introduced intervention schemes to cater for non-interest financial institutions.

The Director, Financial Policy and Regulation Department, Kevin Amugo says the schemes include Non-interest Guidelines for the Accelerated Development Scheme, Intervention in the Textile Sector, Agri-Business, Small and Medium Enterprise Investment Scheme for NIFIs, MSME Development Fund for NIFIs,Non-oil Export Stimulation Facility, Anchor Borrowers’ Programme and Real Sector Support Facility Revised Guidelines.

The CBN,listed the objective to include engaging a minimum of 370,000 youths within the ages of 18 to 35 years in agricultural production nationwide over the next three years in order to reduce youth unemployment.

The intervention scheme breakdown of Financing tenor of six months for grains and broiler production 18 months for cassava; 24 months for egg production and ruminants amongst others.

#BankingSector #CBN #InterestRate #BankAssets #COVID19Pandemic

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NCDC Urges More Support From Nigerians For Health Sector Improvement

The Nigeria Centre For Disease Control has called for more support from Nigerians for health sector improvement.

#NCDC #COVID19 #HealthSector

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Analysis: Dissecting Role Of DPR In Nigeria’s Upstream And Downstream Sector

In this edition of #BusinessNigeria, our analyst dissecs the role of Department of Petroleum Resources in Nigeria’s upstream and downstream sector.

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Insights: A Look At Challenges Facing Arlines In Nigeria

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This is an insight into the challenges facing the aviation sector in Nigeria and how it will be affecting flight resumption on the 8th of July, 2020

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Analysis: Dissecting Role Of DPR In Nigeria’s Upstream And Downstream Sector

In this edition of #BusinessNigeria, our analyst dissecs the role of Department of Petroleum Resources in Nigeria’s upstream and downstream sector.

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This content was originally published here.

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Interview with TVC News on the Nigerian power sector

Eloka Umeh discusses the benefits of the privatisation of the power sector in Nigeria over a Skype interview on TVC News.

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World bank grants Nigeria N270m loan to upgrade power sector

This segment reviews headlines in the Thiursday edition of National dailies.

#NewspaperReview #APCCrisis #AdamsOshiomhole

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Revised budget: Nigeria reduces expenditure, revenue projections for 2020

The senate and house of representatives last week passed the revised 2020 budget of N10.805 trillion.

The budget was passed at Plenary after the red Chamber received and Considered the report of its Appropriations Committee.

A lump sum of N500 billion was added to the budget as an intervention fund for COVID-19 of which N186 billion was earmarked for the health sector.

In the revised budget, N4.9 trillion was voted for recurrent expenditure and N2.4 trillion is for capital expenditure.

N422 billion is fixed for statutory transfers, while the sum of N2.9 trillion is also earmarked for debt servicing.

Key assumptions in the revised 2020 Budget includes, a proposed benchmark oil price of $28 per barrel, 1.9m barrel oil production per day target reduced to 1.8 million barrel per day and exchange rate of N360 to $1.

According to the revised document, the ministry of works and housing got the highest cut of N58.83 billion.

Its capital expenditure was slashed from N315.57 billion to N256.74 billion.

the federal ministry of agriculture and rural development came second with a reduction in capital expenditure from N124.4 billion to N79 billion.

In the revised budget proposal, budgetary allocation to the National Assembly complex renovation was reduced by 25% from N37 billion to N27.7 billion.

Provisions for education and health were cut by 54% and 42%.

Niger Delta Development Commission (NDDC) got N44 billion, a reduction from N80 billion; North East Development Commission was allocated N20 billion against N38 billion earlier approved.

The declined in global oil prices caused by coronavirus pandemic made it necessary for major economies to revisit their earlier expenditure plans.

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