President Bola Tinubu has approved the appointment of Mrs. Delu Yakubu as the pioneer National Coordinator/Chief Executive Officer of the National Social Investment Programmes Agency, pending Senate confirmation. “President Tinubu expects the new appointee to convey the highest level of efficiency, transparency, and qualitative service delivery at NSIPA,” a statement …
Read More »Monthly Archives: September 2023
Contractors to get N431bn for projects, says FG
The Federal Government, through the Ministry of Works, has disclosed that it has N431 billion ready for contractors. The Minister of Works, David Umahi, stated this while meeting with all contractors handling road dualisation projects and all zonal Directors of the Ministry at the Ministry’s office in Abuja on Thursday. …
Read More »AfDB set to disburse $250m for Nigeria electrification project
The African Development Bank is ready to disburse $250 million into the Nigeria Electrification Project, Minister of Power, Adebayo Adelabu, said on Thursday. The NEP seeks to bridge the energy access deficit by providing electricity to households, MSMEs, and educational and healthcare facilities in unserved and underserved rural communities. Adelabu …
Read More »Forex scarcity sends Naira tumbling to N930/US$
THERE are indications that exchange rate crises that trailed the foreign exchange market reforms in June 2023 may linger further as supply gap led to further depreciation of Naira in the parallel market yesterday to N930/ $1, down from N925 mid last week. However, the exchange rate improved week-on-week in …
Read More »