Prof. James Epoke, a former Vice-Chancellor of the University of Calabar has said the cost of governance in Nigeria was too much, noting that no country can make meaningful progress by spending huge resources in governance.
Epoke who stated this in an exclusive interview with Punch called on Organized Labour to mobilize against State Governors who spend so much on vehicles in convoy and other frivolities.

Governor Willie Obiano of Anambra state was on an inspection of the ongoing second Niger Bridge, he expressed satisfaction with the standard and the pace of the work. The governor, who was exited with the extent of the work done so far, said he was convinced that the Federal Government under President Buhari would complete the work as promised and visibly Nigerians are witness to that.

Vat In Nigeria Hit N808bn In 9 Months

According to a disclosure by the National Bureau of Statistics (NBS), shows that the revenue generated from Value Added Tax (VAT) from sectoral distribution spanning from first through the third quarters of 2018 was put at N808 billion.

PMB Inaugurates Technical Advisory Committee On Minimum Wage

President Muhammadu Buhari on Wednesday 9th January 2019 inaugurated a new Technical Advisory Committee on the implementation of a National Minimum Wage. The committee is to advise the government on how best to fund, in a sustained manner, the additional costs that will arise from the implementation of the consequential increases in salaries and allowances for workers currently earning above the new minimum wage.

Lomé Port Overtakes Apapa Port As Regional Hub

Togo’s port of Lomé has gradually overtaken Nigeria’s Lagos port as a business hub for cargo business in West African sub-region. The development may not be unconnected with the never-ending congestion at Nigeria’s Apapa port in Lagos which resulted in the loss of nearly 30% of container traffic over the last five years.

About 120,000 rice farmers in Kano state have been pencilled down to benefit from the Federal Government Anchor Borrowers program for this year dry season farming. The statement was disclosed by the state chairman of the Rice Farmers Association of Nigeria (RIFAN), Alhaji Abubakar Aliyu in an interview in Kano on Tuesday (NAN).

Femi Otedola Divests Forte Oil

Reports indicate that the Nigerian billionaire businessman and also oil magnate Femi Otedola is set to sell his seventy-five percent (75%) both direct and indirect shareholdings in Forte Oil company.

Over N80 Million Generated from Rail Services - NRC

Mr Fidet Okhiria, Managing Director of the Nigerian Railway Corporation (NRC) has revealed that the corporation generates over N80 million monthly. The figures he claims were returns alone from the Abuja-Kaduna train route.

President Buhari Commissioned International Terminal At Abuja Airport

President Muhammadu Buhari has commissioned the newly built international terminal at the Nnamdi Azikiwe International Airport, Abuja. The terminal reportedly said to be the biggest in West Africa has the capacity to process about 15 million passengers annually.

African Development Bank (AFDB) To Support Nigeria with $14m Grant

The African Development Bank Group (AFDB), through its Trade Finance operations, has approved the sum of $14.12 million facilities to support Nigeria’s membership in the African Trade Insurance Agency (ATI).
The grant was a giant stride and mandatory step to enable ATI to commence its operations in Nigeria.

The Nigeria Customs Service (NCS) has announced the seizure of 5,662 bags of suspected smuggled rice and 137 bales of second hand clothes both valued at N137 million. The National Coordinator, Headquarters of the NIS Strike Force Team, Abuja, Mr Abdullahi Kirawa, who made this known while briefing newsmen on Wednesday in Calabar said the seizure was made within Cross River and Akwa Ibom Area Commands of the Service.

More Articles ...