FG shuts Kano fertiliser firm for alleged adulteration
Kano State Fertiliser Company (KASCO) has been shut down by the Federal Government for allegedly adulterating fertilisers and manually mixing the components of the NKP 20:10:10 blend of the agricultural input.
FG, Global citizen unveils solidarity support fund to fight COVID-19
The Federal Government through the Nigerian Sovereign Investment Authority (NSIA) in partnership with the Global citizen has launched a solidarity support fund to aid the fight against COVID-19 in the country.
‘Returned $311m Abacha loot for three priority projects only’
The recently repatriated $311 million Sani Abacha loot is to be used in funding three of the Federal Government’s five priority projects, excluding the Mambilla power and East-West road projects.
NEC eyes N2tr pension funds for road, power projects
Indications emerged yesterday that the National Economic Council (NEC) is to invest N2tr of contributory pension funds to facilitate the development of infrastructure, especially roads and power. A summary of monthly pension funds for August released on October 15, 2019, indicate that Nigeria’s pension funds have grown to N9.44tr. Kebbi State Governor, Atiku Bagudu who…
BPE set to sell 10 NIPPs, NIGCOMSAT
The remaining 10 Nigerian National Integrated Power Projects (NIPP) are to be privatised this year by the Bureau of Public Enterprises (BPE) as part of efforts...
NSIA is a profitable social enterprise, says Uche Orji
We had a successful 2018 by some methods, but I think we could have done better in certain aspects. It was our sixth straight year of profitability, but it was the first year when we invested aggressively in things like the....
Konyinsola Ajayi: ‘There is need to harmonise business facilitation laws in Nigeria’
The first point to note here is that we have a body of laws that suffer from the vestiges of colonialism, and are laced with a good...
Sovereign wealth’s gains and poor funding questions
In most developed and developing economies, governance is a business. This is shown by observed commitments to investments in development projects, the expected effective returns and transparency in the management of public funds, vis-à-vis sayings. For Nigeria, from arguments over the establishment and operations of the Nigeria Sovereign Investment Authority (NSIA) in 2012 to poor…