The Federal Executive Council has approved the establishment of the Creative Economy Development Fund (CEDF) and the implementation of the Intellectual Property (IP) Monetization Pilot. The approval was made at the Federal Executive Council meeting chaired by President Bola Ahmed Tinubu. The CEDF objective is to provide funding to creatives through various financial instruments. In […]
By Ukpono Ukpong The Federal Government of Nigeria, through the Ministry of Finance, Budget and National Planning, and the Office of the Senior Special Assistant to the President on Sustainable Development Goals (OSSAP-SDGs), is being joined by the European Union and the United Nations Office in Nigeria to advocate for a specialised fund to accelerate […]
Former Vice-President, Atiku Abubakar, has faulted the latest review of the 2020 budget by the Federal Government, saying it shows that the regime has lost touch with current global economic realities. Rather than reviewing the budget, Atiku advised the FG to sell eight or nine of the presidential jets and cancel the N27bn earmarked for […]
Kano – Alhaji Salisu Ahmed,the chairman, Nigerian Union of Pensioners, Kano State chapter, says over 3,000 pensioners that retired from 2016 to 2018 are yet to receive their gratuities this came as he alleged that former Gov. Rabi’u Kwankwaso build houses with the pensioners fund. Ahmed revealed this on Monday when he led other members […]
The Director-General, Manufacturers Association of Nigeria (MAN), Mr Segun Ajayi-Kadri, has appealed to the Federal Government to relax the tough conditions attached to disbursement of the Textile Intervention Fund. He said that the appeal became necessary due to the bureaucracy and strict conditions surrounding the allocation of the fund, saying that there was need to […]
…Says disease is reducing but remains a source of concern In its bid to assist the Federal Government in curtailing the outbreak and spread of Lassa fever disease in the country, the World Health Organisation (WHO) has released $900,000 from its Contingency Fund for Emergencies and quick response. Stressing that it has recognized Lassa fever […]
…Catholic faithful flay kidnappers’ interest-in fathers, sisters Stakeholders in the administration of justice Thursday sought for financial independence for the judiciary, stating that the amount of credit standing to the arm should be paid directly to the Heads of court from the Consolidated Revenue Fund in line with Section 121 (3) of the Constitution of […]
The Africa Development Bank (AfDB) has signed a concessional donor loan agreement with France to the tune of $ 253 million as support for the 14th replenishment of the African Development Fund (ADF). Established in 1972, the ADF represents an enduring development partnership between African countries and donors. The Fund is part of the African […]
Following a public hearing session organized by House of Representatives on the National Housing Fund, NHF,a Non-Governmental Organisation, Media Practitioners For Development has canvassed for unbridled cooperation of all relevant stakeholders in the sector to ensure the success of Federal Mortgage Bank of Nigeria FMBN under the leadership of Arc Ahmed Dangiwa. In a statement […]
Afrinvest Asset Management Ltd, a subsidiary of Afrinvest (West Africa) Ltd, has launched the Afrinvest Plutus Fund, a simple and affordable saving solution designed for all classes of income earners with a minimum subscription of N5,000. The Afrinvest Plutus Fund is an open-ended money market unit trust scheme approved by the Securities & Exchange Commission […]
The Ecological Fund yesterday, said it is set to commence the construction of 3 kilometer road worth over N300m from Tada to Gwammadaji village in Dull ward, Bula District of Tafawa Balewa Local Government Area of Bauchi State. The team leader of the fund, Mrs. Esifa, A.O disclosed this while handing over the project to […]
Investors with keen interest to have returns on their investments need to boost their portfolio, in addition to investment in stocks, treasury bills and bonds, mutual funds also need to be considered. This helps to diversify portfolio, through mixing bond funds with stocks funds, and including domestic and overseas funds, this entails rebalance funds annually […]
Gender Officer at the International Fund for Agricultural Development (IFAD) Office in Jigawa, Hajiya Aina’u Ibrahim, has called for the introduction of more gender policies to boost the productivity of women in agriculture. Ibrahim made the call while speaking with journalists in Dutse on Wednesday. She noted that women constituted 70 per cent of the […]
The Labour Party (LP) has urged the federal government to launch an investigation into the utilization of the budget support fund as well as Paris Club Refund given to state governors’ aside federal allocation. The party also took a swipe at the federal government for the circumstances surrounding the return, reinstatement and consequent disappearance of […]
A member of the House of Representatives Emeka Anohu( Ihiala Federal Constituency, Anambra State) has urged the Federal Government to exercise caution on its decision to wind down the National Economic Reconstruction Fund ( NERFUND) and merge it with the Bank of Industry (BOI). Anohu who is Chairman of the House of Representatives Ad-hoc Committee […]
Former governor of Kwara State and a chieftain of the All Progressives Congress, Sen. Bukola Saraki, has said that he never collected any money from the Minister of Petroleum, Ms Deizani Allison Madueke to fund the campaign of the president-elect, Maj. Gen. Muhammadu Buhari (retd). Sen. Saraki said this through his media aide, Bamikole Omishore, […]