Politics

Nigeria Faces $3 Billion Annual Loss from Imported Ankara Fabrics, Says Minister.

Nigeria Faces $3 Billion Annual Loss from Imported Ankara Fabrics, Says Minister.

Cynthia Okonkwo October 21, 2024

Nigeria loses almost $3 billion annually to foreign producers of ankara, a popular wax print in West and Central Africa, according to Hannatu Musawa, Minister of Art, Culture, and Creative Economy. Speaking at last week's Creative Africa Nexus Weekend (CANEX WKND) 2024 in Algiers, Musawa made this claim. Musawa emphasised the need to strengthen Africa's fashion and textile sector in a statement issued by her Special Adviser on Media and Publicity, Nneka Anibeze. She noted that textiles like adire, kente, bogolan, and ankara symbolise Africa's history, pride, and identity. "Despite this heritage, it is deeply ironic that many of the fabrics we cherish, such as ankara, are...

Read More
EFCC presents 15th Witness in Fayose’s 6.9 billion naira Fraud Trial

EFCC presents 15th Witness in Fayose’s 6.9 billion naira Fraud Trial

Cynthia Okonkwo October 17, 2024

On Thursday, Ayodele Fayose, the former governor of Ekiti state, was the fifteenth witness called by the Economic and Financial Crimes Commission (EFCC) in his money laundering trial. The prosecution, Mr Rotimi Jacobs (SAN), conducted the witness, Mr Joseph Machleb, through an examination The non-English-speaking witness informed the court during his chief examination on Thursday that he was a resident of Akure, Ondo State. He stated in court that he is a mechanic for Samchase Nigeria Ltd., a construction company. He replied in the affirmative when asked if he was aware of a business named JJ Technical Services Ltd. He informed the court that he and his older brother had jointly incorporated the business. When quizzed on whether the company was involved in buying property, he said, “I...

Read More
Gov. Idris Expresses Sympathy to Jigawa Counterpart and Locals Following the Explosion of a Tanker.

Gov. Idris Expresses Sympathy to Jigawa Counterpart and Locals Following the Explosion of a Tanker.

Cynthia Okonkwo October 17, 2024

Dr. Nasir Idris, the governor of Kebbi State, expressed his sympathies to Alhaji Umar Namadi, the governor of Jigawa State, about the tanker explosion that resulted in the loss of over a hundred lives.  Governor Idris, who saw the occurrence with deep sadness, characterised it as an inevitable natural calamity and expressed the nation's sorrow over the terrible deed that was predetermined by God. In a condolence message to Jigawa State Governor Alhaji Abdullahi Idris Zuru, Special Advisor on Communication and Strategy, Governor Idris cautioned state citizens to find comfort in the knowledge that "Allah gives and he takes." However, he advised the state and federal governments' statutory regulatory agencies responsible for public awareness and enlightenment campaigns to intensify the campaign on the need for people to avoid involvement in uncoordinated rescue missions whenever accidents of such magnitude occurred. Governor Idris emphasised that the government, the entire people of Kebbi State, and the entire nation have joined in mourning the loss of lives at a time when Nigeria needs their contribution to the development of the country.

Read More
Shettima arrived in Sweden on a two-day visit.

Shettima arrived in Sweden on a two-day visit.

Cynthia Okonkwo October 17, 2024

Vice President Kashim Shettima is in Sweden for a two-day working visit to strengthen bilateral ties and trade between the two countries. Caleb Mutfwang, the governor of Plateau State, Ambassador Yusuf Tuggar, the minister of foreign affairs, and a few leaders of parastatals and government institutions accompany the vice president. The revelation was made on Thursday morning by Stanley Nkwocha, the spokesperson for Shettima. "The Vice President will have high-level discussions with important government officials during the visit, which is at the request of President Bola Tinubu," the statement said.  He will also have a meeting scheduled with the Swedish Prime Minister and Crown Princess Victoria. Targeted areas of strengthened collaboration between Nigeria and Sweden that will be pursued by...

Read More
About 15% of Nigeria’s electricity is produced by Adedeji Adeleke’s company, Pacific Energy, according to the father of multiple award-winning Nigerian musician Davido.

About 15% of Nigeria’s electricity is produced by Adedeji Adeleke’s company, Pacific Energy, according to the father of multiple award-winning Nigerian musician Davido.

Cynthia Okonkwo October 16, 2024

Adeleke made this revelation on October 15, 2024, before the General Conference Annual Council of the Seventh-Day Adventist Church. The billionaire emphasised his power sector investments, stating that his thermal power facility should be completely operational by January 2025. According to Adeleke, Chinese engineering companies are working on the project, which when finished will have a 1,250 megawatt capacity and be the biggest thermal power plant in Nigeria. In one of the conference videos that Davido posted on his X account on Wednesday, Adeleke partially stated, "I own power plants and I'm in the electricity business." About 15% of Nigeria's electricity is produced by me. Chinese engineering firms are employed by me. I am constructing Nigeria's largest thermal power plant, which will be inaugurated in January 2025. It's a power plant with 1250 MW. Ademola Adeleke, the governor of Osun State and the millionaire businessman's brother, responded to the news by praising his older brother on his X account. “Proud of my big bro always. My Chairman. Our parents always taught us...

Read More
Wike urges Nigerians to pay their Taxes since the Government needs to Generate Revenue.

Wike urges Nigerians to pay their Taxes since the Government needs to Generate Revenue.

Cynthia Okonkwo October 16, 2024

During the inaugural Abuja Business and Investment Summit, which was organised by the Abuja Investment Company Limited, Nigerian Minister Nyesom Wike urged Nigerians to pay taxes because the government needs the money to fund social services for its citizens. According to the former governor of Rivers State, the event's topic,"Optimising Investment Through Partnerships," aligns with the federal government's initiative to harness the potentiaof cooperation to promote investment prospects. According to the FCT minister, the idea that the government doesn't require funding is false.Wike said the government won't keep giving land and billions of naira to investors who can't provide a return on investment, citing instances of its collaboration with the private sector that didn't work out. “These are the kinds of things the government looks into and say how can I bring in...

Read More

You may have missed

rich

Kemi Badenoch: My Parents Became Wealthy from Nigeria’s Oil Boom

Iheanacho Confidence December 18, 2024 0
money

Tinubu: 2025 Budget Aims to Reduce Inflation to 15% and Lower Dollar to N1,500

Iheanacho Confidence December 18, 2024 0
hen

Nigerian man promised pardon after 10 years on death row for stealing hens

Iheanacho Confidence December 18, 2024 0
amazon

Amazon Confronts Potential US Strike Ahead of Christmas

Iheanacho Confidence December 18, 2024 0
honda

Honda and Nissan in Merger Discussions

Iheanacho Confidence December 18, 2024 0