U.S supports Nigeria’s NGOs, others with $453,568 grant

The United States Government has approved and provided funding support totaling $453,568 to 45 individuals, non-government organizations, NGOs, and academic institutions from January this year till date. The grant support covered sundry projects in the areas of human rights, transparency in government, freedom of the media, women and youth empowerment, education, health, entrepreneurship, and the […]

‘Nigeria’s debt on infrastructure, good investment’ – Fashola

The Minister of Power, Works, and Housing, Mr. Babatunde Fashola, has described Nigeria’s debt for infrastructure as a good debt. Fashola, who spoke at the just concluded Africa Investment Forum in Sandton South Africa, said that the Federal Government should not be judged like a private company when it comes to borrowing. He said: “The […]

FG flaws U.S Dept’s report on Nigeria’s rice import figures

The Federal Government on Tuesday flawed the United States Department of Agriculture World Markets and Trade Report on the volume of Nigeria’s rice imports this year and the local production capacity, saying the report lacks all evidential proofs. The Department had reported that Nigeria imported three million metric tonnes of rice in 2018, which is […]

Nigeria to resume export of hibiscus to Mexico

The Coordinating Director of the Nigeria Agricultural Quarantine Service (NAQS), Dr. Vincent Isegbe, says Nigeria will soon resume the exportation of hibiscus to Mexico. Isegbe, in a statement signed by the agency’s Head, Media, Communications and Strategy, Dr. C. P. Nwodo, disclosed this when the Mexican Ambassador to Nigeria, Mr. Marco Antonio Garcia Blanco, paid […]

Nigeria slides in global ‘Ease Of Doing Business’ ranking

Nigeria dropped by a spot in the latest World Bank’s Ease of Doing Business ranking, sliding marginally to the 146th position from the 145th it ranked last year. The World Bank Group, in a report titled ‘Doing Business 2019: A Year of Record Reforms, Rising’, published Wednesday, stated that it tracked 314 reforms by 128 […]

Again, WEF ranks Nigeria among 32 most corrupt nations

The World Economic Forum annual corruption index report published on Tuesday as part of its “Global Competitiveness Report”, ranked Nigeria 15th with Republic of Guinea behind Uganda, Nicaragua and Cameroon. The WEF report, using a methodology linked to Transparency International’s Corruption Perception Index, covered 140 countries’ level of corruption within their societies on a scale of […]

BudgIT laments Nigeria’s poor ranking in global CPI Index

BudgIT, a civil society organization committed to transparent budgeting in the country, has expressed its dismay over Nigeria’s ranking lowest position for the second time in the global Commitment To Reducing Inequality (CPI) index despite government’s claims to address inequality nationwide. Curiuosly, Nigeria was ranked 157th out of 157 countries covered in the index which […]

IMF: Nigeria among 8 African countries in debt distress

The International Monetary Fund (IMF) Thursday, listed Nigeria among eight African countries on its debt distressed category following the failure of their fiscal consolidation to positively impact the citizens. Abebe Aemro Selassie, Director of the IMF’s African Department, who gave the hint at a briefing he jointly held with Nigeria’s Budget and Planning Minister, Senator […]

Tax collection: Nigeria seeks IMF’s support

The Federal Government is seeking assistance from the International Monetary Fund (IMF) on modalities for improving tax collection, especially from the International Oil Companies (IOCs), Finance Minister Zainab Ahmed, has said. She told reporters on the sidelines of the ongoing 2018 International Monetary Fund (IMF)/World Bank Group Meetings, in Bali, Indonesia, that government has to […]

Nigeria ranks 152nd in global Human Capital Index

The World Bank Group on Thursday reported that Nigeria ranked 152 out of a total of 157 countries surveyed in its latest Human Capital Index (HCI). The HCI measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and education that […]