Top News Update 07/07/2017
1. FG planning policies to address restructuring agitations –Osinbajo
2. Experts disagree with EIU economic conclusions on Nigeria
3. Nigeria’s power sector no longer attractive to investors – FG
4. Citi grants N500m loan to promote microfinance, financial inclusion
5. Nigeria takes broadband internet campaign to ITU telecom world 2017
6. Ambode signed 11,034 land documents in two years
7. Infant Mortality Is Nigeria’s Worst Health Challenge
8. NOUN graduates now eligible for NYSC, Law School
9. Med-view opens Lagos-Ilorin route
10. Nigeria drop to 39th on FIFA ranking
FG Planning Policies To Address Restructuring Agitations –Osinbajo
Acting President Yemi Osinbajo has said the Federal Government will soon roll out policies that will address issues around restructuring in the country. He stated that the government was observing and taking note of the restructuring debates, pledging that something would be done on the issue to satisfy the clamour by the citizens. Osinbajo said this on Thursday in Abuja at the official presentation of a book, ‘Nigeria: The restructuring controversy,’ written by the Chairman of the Police Service Commission, Dr. Mike Okiro.
Experts Disagree With EIU Economic Conclusions On Nigeria
More economic experts have disagreed with the latest five-year outlook by Economic Intelligence Unit (EIU), which envisaged that continuous socio-political upheavals and severe economic difficulties will remain sources of serious instability in Nigeria, insisting that these scenarios will not persist as long as being predicted. Reacting to the report, the Deputy Managing Director, Afrinvest Limited, Victor Ndukauba, while urging the Nigerian Government to take the warnings from these analyses to heart, however argued that it is not easy to forecast economic variables accurate.
Nigeria’s Power Sector No Longer Attractive To Investors – FG
The Power Sector Recovery Programme (PSRP) of the government has disclosed that Nigeria’s electricity sector which was massively courted by local and international investors on the heels of its privatisation by the federal government in 2013, has finally fallen out of favour in the eyes of the same investors, ThisDay reports. According to the PSRP which was initiated by the federal government and World Bank, the sector has lost its appeals to both local and international investors so much that sources of funding for its big projects have dried up and left it with just two dependable funding windows – the Central Bank of Nigeria (CBN); and World Bank.
Citi Grants N500m Loan To Promote Microfinance, Financial Inclusion
Citi Nigeria has granted a loan of about N500 million to Accion Microfinance Bank (Accion MFB) in Nigeria to drive the development of the microfinance sector and bridge financial inclusion in the country. In a statement issued on Wednesday, Citi said the loan aimed at funding Accion’s loan portfolio and support the development of approximately five thousand micro and small enterprises in the country. Considering that about 34.9 million adult in Nigerians were excluded from financial services, the firm said the agreement would also support the Central Bank of Nigeria’s National Financial Inclusion Strategy (NFIS) by reducing numbers of the unbanked in the society.
Nigeria Takes Broadband Internet Campaign To ITU Telecom World 2017
The participation of Nigeria at the yearly International Telecommunications Union (ITU) conference will focus on deepening the growing broadband segment of the market in the country. The event is due to hold in Busan, South Korea, from September 25 – 28, 2017.Expectedly, the high level delegation will be led by Barrister Abdulraheem Adebayo Shittu, Minister of Communications.
Ambode Signed 11,034 Land Documents In Two Years
The Lagos State Governor, Akinwunmi Ambode, on Thursday said 4,602 Certificates of Occupancy, 6,118 Governor’s Consent and 314 Deemed Grant Consent, totalling 11, 034 land titles, had been signed and issued in the last two years. Ambode stated this while inaugurating the redesigned land registry of the state, adding that reforms were ongoing to reposition land administration for efficiency. The governor said one essence of the reforms was to help entrepreneurs to access loan as land “is a vital asset with which the people could access capital and increase their economic activities.”
Infant Mortality Is Nigeria’s Worst Health Challenge
The Nigeria Society of Neonatal Medicine (NISONM), a sub-specialty group of pediatricians, on Thursday described infant mortality as one of the Nigeria’s worst health challenges. Prof. Chinyere Ezeaka, President of the society, spoke at a news conference in Ibadan as parts of the activities marking its Annual General and Scientific Conference. Ezeaka said that compared to interventions in other health sectors, there had been minimal progress in efforts to reduce mortality among newborns in the country.
NOUN Graduates Now Eligible For NYSC, Law School
The Senate has passed an amendment to the law establishing the National Open University, which will make graduates of the institution eligible for mobilisation by the National Youth Service Corps and to attend the Nigerian Law School. The passage followed the adoption of a report by the Senate Committee on Tertiary Institutions and TETFund on the ‘Bill for An Act to Amend the National Open University Act Cap N6 LFN 1983 (Amendment) Bill 2017’ by the lawmakers at the plenary on Thursday.
Med-view Opens Lagos-Ilorin Route
Medview Airline will on July 10, 2017 commence flight operations to Ilorin, the Kwara capital.The airline said it will operate three flights a week, which are scheduled to link Ilorin with Abuja and Lagos. According to the schedule released by the airline, the flight days are Tuesday, Thursday and Saturday with departure from Lagos to Ilorin at 7.40a.m.. Departure from Ilorin to Abuja is 9.10am, while the return flight from Abuja to Ilorin is 15.50 p.m.
Nigeria Drop To 39th On FIFA Ranking
Nigeria dropped a spot to 39th in FIFA’s latest World Ranking released on Thursday. The drop comes on the heels of a 2-0 defeat to South Africa in an Africa Cup of Nations qualifier. On the continent, however, the Super Eagles remain the sixth best country behind Egypt, Senegal, Congo DR, Tunisia and Cameroon. Germany reclaimed the top on the FIFA ranking for the first time since being knocked off the top spot exactly two years ago.