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Ajaokuta privatisation could add $115bn to GDP, 70k jobs

A renowned economist and former Senior Special Adviser to the President of the African Development Bank on Industrialisation, Prof. Banji Oyelaran-Oyeyinka, has said Nigeria could unlock up to $115bn in GDP and create 70,000 jobs if the Ajaokuta Steel Company is revived through privatisation. In his keynote address at a virtual international conference titled “The...

Customs declares war on smugglers, seizes ₦93m PMS

The Comptroller-General of Customs, Bashir Adeniyi, has declared total war on smugglers in Nigeria, urging them to seek alternative means of livelihood. Represented in Yola on Friday by the National Coordinator of Operation Whirlwind, Deputy Comptroller Abubakar Aliyu, he said that the strategic operations against smuggling along Nigeria’s frontiers are aimed at safeguarding food, energy,...

Contractor Petitions RCCG Leadership, EFCC Over Contract Disp

Acontractor with Redeemer’s University, Ede, Osun State, Mr Samuel Oluwafemi Abio- dun‑Oni, has submitted petitions to the leadership of the Redeemed Christian Church of God (RCCG) and the Economic and Financial Crimes Commission (EFCC), raising concerns about contract awards at the institution. Speaking with journalists in Abeokuta, Ogun State, Abiodun‑Oni said he had worked with...

Ijaw Traditional Rulers, Elders Fault INC Election

The Council of Ijaw Traditional Rulers and Elders (CITRE), has called on the Ijaw nation to disregard any election purportedly conducted by Professor Benjamin Okaba and the electoral body of Ijaw National Congress, saying that the Ijaw Nation has not conducted any election yet. The outgoing President of INC, Professor Benjamin Okaba, and the ELECO...

LCCI Warns of Risks to Firms, Consumer

The resurgence of inflation in Nigeria poses significant risks to business sustainability, consumer purchasing power, and overall economic competitiveness, the Lagos Chamber of Commerce and Industry has warned. In a statement on Thursday, the Director-General of LCCI, Dr Chinyere Almona, reacting to the latest inflation figures released by the National Bureau of Statistics, said the...

Don urges FG to address Nigeria’s power crisis for business

The Vice-Chancellor of Bells University of Technology, Ota, Prof. Jeremiah Ojediran, has called on the Federal Government to step up its investment to address the hurting epileptic power supply across the country. Prof. Ojediran emphasised the importance of a stable power supply to creating jobs, empowering the teeming Nigerian youth population, and ultimately enhancing the...

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