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Emefiele: What Buhari Govt Needs To Address Nigeria’s Infrastructure Deficit

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Emefiele: What Buhari Govt Needs To Address Nigeria’s Infrastructure Deficit
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Emefiele: What Buhari Govt Needs To Address Nigeria’s Infrastructure Deficit

Godwin Emefiele, Governor of the Central Bank of Nigeria, CBN, on Saturday, disclosed what the President Muhammadu Buhari-led Federal Government needs to address the country’s infrastructural deficit.

Emefiele disclosed that the Buhari-led Federal Government needs US$100 billion annually to address the nation’s infrastructure deficit.

The CBN governor disclosed this at the 30th Anniversary Conference and Awards of the Finance Correspondents Association of Nigeria (FICAN) in Lagos, NAN reports.

The News Agency of Nigeria (NAN) reports that the two-day conference has “Financing Infrastructure and SMEs for Inclusive Growth in Post-COVID-19 Economy”, as theme.

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Represented by the Director of Corporate Communications Department of CBN, Mr Osita Nwanisobi, Emefiele said: ”In Nigeria, the current level of infrastructure deficit is a major constraint to economic development and attainment of growth average rate of at least five to seven per cent required to boost productivity and sustainable growth for businesses.

”According to the World Development Indicators (2019), 56.20 per cent of Nigerians have access to electricity, while electric power consumption stood at 144.52 kWh per capita as of 2018.

”While infrastructure deficit in Nigeria is estimated to be about 1.2 per cent of GDP, it is projected that the Federal Government needs to commit about US$100 billion annually to address the nation’s infrastructural deficit.”

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Scam Alert: NNPC disclaims fake 50th anniversary quiz contest

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Scam Alert: NNPC disclaims fake 50th anniversary quiz contest

The Nigerian National Petroleum Corporation (NNPC) on Tuesday disowned a fake quiz competition trending online which claimed to celebrate its 50th anniversary.

The Group General Manager, Group Public Affairs Division, NNPC, Malam Garba Muhammad, made this known in a statement.

“In the purported quiz contest, unsuspecting participants are encouraged to answer four questions on their knowledge of the Corporation, with the eventual winner standing the chance of winning some cash reward of up to N30,000,” he alerted.

According to Muhammad, the NNPC wishes to state categorically that it has nothing to do with the purported 50th anniversary quiz contest.

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Lagos traffic: Former Gov Fayose rides on okada [PHOTOS]

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Lagos traffic: Former Gov Fayose rides on okada

Former Governor Ago Fayose of Ekiti State, on Tuesday, left his car to commute on a commercial motorcycle, popularly known as Okada, in Ikeja, the Lagos State capital.

Fayose took the decision as a result of the hectic Lagos road traffic, which he said is no respecter of anybody.

In a post on his social media handle, the former Governor was seen on the motorcycle with his security aide sitting behind him.

Taking the bike, according to Fayose, became necessary to prevent missing his flight.

“Lagos traffic is no respecter of anyone. I had to take Okada in Ikeja to avoid missing my flight,” he said in the post.

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Lagos traffic: Former Gov Fayose rides on okada

Lagos traffic: Former Gov Fayose rides on okada

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Top Nigeria Newspapers Headlines For Today

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Top Nigeria Newspapers Headlines For Today
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Top Nigeria Newspapers Headlines For Today 20th October, 2021 As Outlined By Chrysora Media

We don’t have democracy, people fear govt – Utomi
We don’t have democracy, people fear govt – Utomi
A political economist and former presidential candidate, Prof. Pat Utomi, has described the #EndSARS protests as an event marking the arrival of citizenship in Nigeria.
He added that Nigeria did not have a democracy yet.
Utomi spoke on Tuesday during the commemorative lecture and public presentation of a book edited by Chido Onumah titled, ‘Remaking Nigeria: Sixty Years, Sixty Voices,’ in Alausa, Ikeja.……
Continue reading from THE PUNCH

Scam Alert: NNPC disclaims fake 50th anniversary quiz contest
Scam Alert: NNPC disclaims fake 50th anniversary quiz contest
The Nigerian National Petroleum Corporation (NNPC) on Tuesday disowned a fake quiz competition trending online which claimed to celebrate its 50th anniversary.
The Group General Manager, Group Public Affairs Division, NNPC, Malam Garba Muhammad, made this known in a statement.
“In the purported quiz contest, unsuspecting participants are encouraged to answer four questions on their knowledge of the Corporation, with the eventual winner standing the chance of winning some cash reward of up to N30,000,” he alerted.
According to Muhammad, the NNPC wishes to state categorically that it has nothing to do with the purported 50th anniversary quiz contest.
Continue reading from VANGUARD

Christians Join Muslims To Celebrate Maulud In Kaduna
Christians Join Muslims To Celebrate Maulud In Kaduna
Christian faithful, including clerics, joined Muslims to celebrate the birth of Prophet Muhammad in Kaduna on Tuesday.
The followers of the two faiths, who converged on Rachers Bees Stadium in the states metropolis, said the meeting was aimed at strengthening ties and promoting the culture of togetherness.
The General Overseer of Christ Evangelical Intercessory Fellowship Ministries, Sabon Tasha, Pastor Yohanna Buru, who led a team of Christians, said he went there to celebrate the birth of the prophet.…..
Continue reading from DAILYTRUST

Top Nigeria Newspapers Headlines For Today

#EndSARS Anniversary: One year after, what has happened to protesters’ five-point demand?
#EndSARS Anniversary: One year after, what has happened to protesters’ five-point demand?
It is one year since the historic #ENDSARS protest, a youth-driven anti-police brutality demonstration, shook Nigeria.
The protest, which morphed from social media campaigns into street demonstrations in October 2020, was triggered by the excesses of the Special Anti-Robbery Squad (SARS), a now-disbanded police tactical unit notorious for cruelty against crime suspects.
Although SARS activities and general issues of police brutality, including unlawful arrests, torture, and extrajudicial killings, were at its core, the protest became a platform for demanding government’s decisive action against insecurity, corruption, economic woes and general maladministration blamed for the suffering of the majority of Nigerians and lack of opportunities for the youth.…
Continue Reading From PREMIUMTIMES

Lagos traffic: Former Gov Fayose rides on okada [PHOTOS]
Lagos traffic: Former Gov Fayose rides on okada [PHOTOS]
Former Governor Ago Fayose of Ekiti State, on Tuesday, left his car to commute on a commercial motorcycle, popularly known as Okada, in Ikeja, the Lagos State capital.
Fayose took the decision as a result of the hectic Lagos road traffic, which he said is no respecter of anybody.
In a post on his social media handle, the former Governor was seen on the motorcycle with his security aide sitting behind him.
Taking the bike, according to Fayose, became necessary to prevent missing his flight.
“Lagos traffic is no respecter of anyone. I had to take Okada in Ikeja to avoid missing my flight,” he said in the post.
Continue reading from DAILYPOST

24 states shun financial autonomy for judiciary
24 states shun financial autonomy for judiciary
Despite signing a Memorandum of Action on autonomy for state legislature and Judiciary, most of the 36 governors have not encouraged the enactment of legislation to back it up.
Only 12 states have passed the appropriate law for autonomy for state legislature and judiciary.
Out of the 12 states, eight did so in the North and four others in the South.
The states are Plateau; Sokoto; Bauchi; Bayelsa; Enugu; Lagos; Imo; Jigawa; Kwara; Taraba; Nassarawa; and Kaduna.…
Continue reading from THE NATION

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