VENUE COMPASS HOSTS 2ND EDITION OF ANNUAL SUMMIT
The Venue Compass Summit which is the single largest presents the 2017 episode of her annual one day conference of Venue Professionals in Nigeria.
In record of the inaugural, the first of its kind 2016 Summit, brought in concert more than 100 high-profile venue owners, managers and potential investors in the venue industry over Nigeria and was featured in the ThisDay newspaper.
Now in its second edition, the 2017 Venue Summit aims at forwarding the conversation by examining the factors that will impel the future and growth of the venue industry, challenge traditional thinking round about how venue professionals maximize the business potentials and share new and exciting ways to manage today’s modern and contemporary venues. These features will be consumed by the theme “VENUE MANAGEMENT – HARNESSING ITS BUSINESS POTENTIAL”
The focus of Venue Summit is to draw from the very best talent in the venue industry so as to provide attendees with the opportunity to expand their thinking, upgrade their skills through innovative ideas and strategies, stay on top of industrial trends and plans and learn from their peers.
This unique event inspires industry leaders, provides targeted education, and brings attendees together, creating relationships that last for a lifetime. It will also provide a platform for venue service providers to exhibit and showcase their product and services to target audience.
The Venue Summit brings together key players such as venue owners, venue managers and event planners, hotel owners, government agencies and potential investors in the venue industry in order to foster collaboration and create balanced discussion around the driving growth in the Venue sector.
BE ON THE LOOKOUT
Join 10+ speakers, 250+ delegates for a dynamic program which includes informative panels, expert-led roundtables, interactive break out session, curated networking and a showcase of service provider
You could also be a part of the event by registering on www.venuecompass.com/summit.
Please note that the most websites in Nigeria listed here are mostly Nigerian website and no foreign websites on the list
To determine the most visited websites in Nigeria or any other parts of the world, few things are considered
Many people especially advertisers use Alexa ranking to determine the most visited websites, it is good to based your judgment on alexa but you must bear in mind that alexa is no hundred percent accurate, because if websites A does signup with alexa and install their tracking code and website B that actually get more visitors and more pages did not signup with alexa, because alexa is not tracking the activity on website B website A will be considered the most visited.
1. NAIJ 2. LINDA IKEJI 3. VANGUARD 4. NAIRALAND 5. PUNCH 6. NAIJA LOADED
7. KONGA 8. ALTERNATIVE ADVERT 9. WORSHIP CULTURE 10. BET9JA 11. NAIRA BET
12. JUMIA 13. GT BANK 14. DAILY POST 15. JAMB etc.
The naij portal is a news platform where most Nigerians go in search of happenings. Though Naij is a site which provides a variety of news, but it yet gives update on the entertainment beat as, music, games, jokes, etc and other desks; weather, job, business, health, etc. It is the most visited sites by Nigerians.
2. LINDA IKEJI
Linda ikeji is a social media site, where gossips are shared. It has various categories of trends, entertainment, news, etc. It is also mostly visited by most Nigerians, because of the speed at which news are updated on the site.
The Online version of the Vanguard Nigerian daily newspaper covers general national news on politics, business, sports, entertainment, etc. organisations and businesses go in search of Advert space and placement on this platform.
Nairaland is a broad discussion forum for Nigerians. They Covers dozens of topic which includes science and technology, romance, politics, entertainment, news and lots more.
This is one of the mostly Read Nigerian Newspapers. Daily Newspapers, Letters, articles, Opinions, news stories, etc is what is contained in the punch. molst businesses and organisations always bok advert space and time on this platform. It is an online newspaper.
Naijaloaded is Nigeria's most popular information portal which loads individuals, groups, and regular viewers with Latest updates on News, Musics, jokes and all kinds of Video.
Konga is Nigeria's Largest Online Mall. With over 100,000 products at great amazing price and exceptional service experiences to customers.Konga has various viewers who visits its site on a daily basis and this attracts more partronage to them.
The Alternative advert platform is an online advert agency. They help organisations, groups and individuals reach over 50 million people online with advert trends and promotional services. Alternative advert has won two African awards in 2017 for creativty and effectiveness.
The Worship Culture Radio though started lately, but is a fast growing platform for internet radio. The platform features gospel artistes and musics, gospel teachings and trends, gospel interactions, testimonies, interviews etc. they also stream live on facebook at most radio broadcast. It is a worldwide radio.
Bet9ja is Nigeria's number one betting website. They allow people predict football games of which the winners are awarded with cash prizes. Bet9ja offers reliable, secure deposit and payment methods while they guaratee you payments of all winning bets. On this platform, the integration of sophisticated livescore and statistic widgets makes checking the bet process, less troublesome.
This is an online betting site for sport events. They predict goal matches and reward people with good bet skills, in cash.
Jumia is the number one Online Shopping site in Nigeria. They are online stores where people purchase all electronics, as books, home appliances, kiddies items, fashion items for men, women, and children; cool gadgets, computers, groceries, automobile parts, and lots more. it is an online platform through which demands could be brought on delivery to your door step.
13. GT BANK
Guaranty Trust Bank plc is a leading African Bank that offers Online/Internet Banking, Retail Banking, Corporate Banking, Investment Banking ad Asset Management services.
14. DAILY POST
DailyPost Nigeria is an online platform that brings you the latest news on Politics, Entertainment, Sports & Opinions. it is one of the most visited website in Nigeria and this for its consistency in unleashing up to date information.
The JAMB portal is a website for students who are in the process of moving into the higher institution. this portal is used for the Exam Online Registration, letter from JAMB for admission, etc. It is visited by anticipating students who want to further into the university.
Information Nigeria is a news website in Nigeria that helps give trending information online. It visited by Nigerians who are engrossed with trends. it gives both national and international news on health, sports, gossips, entertainment, etc.
Bellanaija is a Nigerian online magazine and blog that focuses mainly on Fashion. though it gives few trending reports on news, entertainment, fashion, lifestyle and other media contents aimed at pan-African and Nigerian audiences.
18.HOT NIGERIAN JOBS
Hot Nigerian job is a website basically for Nigerians who are in need of Job opportunities. on this platform, opportunities are shared and discussed.
Is an online shopping mall, where fashionable products are bought and ordered for. products are ordered for on this platform at agreeable prices and placed on home delivery, according to client's bargain.
Hottest gist is a news website where happenings are posted and shared. It is a site basically for news content and entertainment gists. it covers contents on health, politics, music, jokes, oppurtuinities, etc.
The list of the most visited websites and top blogs in Nigeria is according to alexa , the list changes from time to time and the position change very often depending on the numbers of visits and page views in each of the websites.
You can add other top Nigeria websites and blog sites you know on the comment box below
BEST BOUTIQUE 2017 (BESTBUYFORLESS)
One of the sole aims of clothing is for fashion. Another is for protection, as a list of others could follow.
Boutiques all over the world could effectively reach out for our various motives of clothing, but for the sake of individual abilities and reach, the place of choice comes in.
Many a times most people hurry for cheap and quality products, but the chances of getting such seems really thin, as either their prices are high, or location, etc, but now the BESTBUYFORLESS.COM.NG has all of the features a customer could be, in the lookout for; quality, quantity, nearness, protection, fashion trends, size, etc.
The BESTBUYFORLESS.COM.NG provides excellent boutique services to all range of customers within and outside Nigeria. You could get a product of high quality for as low as N1, 600 at the BESTBUYFORLESS.COM.NG
CLOTHINGS: lady wares, men wares, children clothing, home ware
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FG PLANS 40% BUDGET ON INFRASTRUCTURE
The federal government of Nigeria, (FG) has been urged to include a 40 per cent allocation in the 2018 budget as capital projects so as to boost development in the critical sectors of the economy.
This statement was included in the report presented by The Lead Director, CSJ, Mr. Eze Onyekpere, in Abuja on Monday.
He also called on the FG to allocate a 15 per cent of the annual budget to the health sector in order to reduce the high rate of medical tourism in Nigeria.
This was stated by the Centre for Social Justice and the United States Agency for International Development, in a report on the Health Sector Medium-Term Strategies for the 2018-2020 fiscal periods.
According to Mr. Onyekpere, there is a need to amend the National Health Insurance Scheme Act to make health insurance compulsory and universal, so as to help the government generate more funds in the health sector.
He added that while the improvement in the macro economic situation in Nigeria seems to be reducing, there is a need to increase the health’s investment to avoid worsening the national health and economic indices.
He also said in his voice “the current Nigeria’s health indices should be pillars of a robust investment plan in the MTSS, anchored on the macroeconomic standard f the country.
“The 15 percent of the total annual budget that should be allocated to the health sector should be in alliance with the Abuja Declaration of 2001. If the 15percent deal does not seem so possible, we could start with a minimum of 7.5 per cent allocation in 2018 and gradually increase by 1.5 percent until the 15 percent is attained in 2023.
“The bulk of the new resources should be allocated to the capital expenditure, so as to enhance access of equipment and health infrastructures. The plan is that nothing less than 40 percent of the allocation should go to capital expenditure in 2018 and highly increasing in subsequent years.
“Just as stipulated in the National Health Act, 2014; Not less than one percent of the consolidated revenue fund should be allocated to the Basic Care Provision Fund in the 2018 budget and beyond.
“in generating more funding for the health sector, the National Health Insurance Scheme Act ought to be adjusted to make health insurance universally compulsory and also consider new sources for health insurance funding that will include two percent surcharge on all imports, a special tax on tobacco , alcohol and smaller tariffs on telecommunications services to be borne by the consumer”.
Mr. Onyekpere called on the government to help consider establishing a health bank to provide single-digit long term loans, in order to develop health institutions, infrastructure, research and human resources for the health sector.
He added, saying that while steps are been taken to establish the health bank, the government have to consider special ways of funding the health which should be established through administrative actions.
CBN INCREASES FOREX MARKET BY $195M
The Central Bank of Nigeria (CBN) Monday has boosted the FOREX market by issuing the sum of $195m to three segments of the market.
This was stated during an interview with the Acting Director, Corporate Communications Department, Mr. Isaac Okorafor, while responding to some media enquiries.
Mr. Okorafor stated that during this season, there are pressures on the market from those seeking forex for school fees and vacations, but the Bank has held on to its goal to ensure that there is a sustained liquidity in the market and that genuine requests for FOREX are met. This will help to improve liquidity and flexibility in the market.
According to Mr. Okorafor, the wholesale segment of the inter-bank Foreign Exchange market is auctioned $100m and also intervened in the Small and Medium Enterprises (SMEs) and invisible segments, with the sum of $50 million and $45million respectively.
This report came through the last week’s intervention in which the retail secondary market intervention sales (SMIS) received the largest allocation of $264,192,252.95 and the authorized dealers in the wholesale window had the sum of $100,000,000.
It was also stated that last week, the CBN, in an attempt to enhance foreign exchange availability in the Nigerian Forex Market and tolerable challenges encountered by critical stakeholders. It was yet stated that payment for port charges to the Nigerian Ports Authority (NPA) and other agencies by oil marketing companies would henceforth be accommodated by the Bank using Form ‘A’.
FG REQUESTS 3% IGST FOR GOLD IMPORTATION
The Federal government of Nigeria has said that the banks that imports gold and precious metals will start paying a 3 percentage fee to Goods and Services Tax (GST) which can be claimed as input tax credit.
In a bid to clarify issues on GST on gems and jewelry through Frequently Asked Questions (FAQs), the Central Board of Excise and Customs (CBEC) said banks did not pay any VAT on import of precious metals previously. They only settled customs duty.
It has also been said that the Import of gold attracts a 10 per cent basic customs duty, following the fact that a 12.5 per cent countervailing duty (CVD) was levied prior to GST.
However, in the GST, "3 per cent Integrated-GST is payable on all imports of precious metals in addition to the basic customs duty, as the IGST paid can be taken as input tax credit by the banks."
The CBEC also said that banks would be liable to pay IGST on such import duties and not any overseas supplier in which ownership is vested during movement of gold or silver.
Following the statement of the FAQ, "Ownership is not the material for determining if an import has taken place or not. Banks, as registered entities, would be liable to pay IGST on such imports but not the overseas entities, because they are not affecting the import," she said.
The CBEC also added her statement on the levy of GST where the total value of a gold ornament is Rs 30,000, including Rs 2,000 as making charge. In her words, "GST is payable at the rate of 3 per cent of the total transaction value of jewellery, whether the making charge is shown separately or not".
It was also said that since GST subsumed CVD, hence the GST rate on gold at 3 per cent ought to be paid at the time of imports in the form of IGST with effect from July 1.
DIAMOND BANK REWARDS ENTREPRENEURS WITH 3 MILLION
The DIAMOND bank PLC has provided an opportunity to train and empower 50 more entrepreneurs in her seventh edition of the Building Entrepreneurs Today (BET) initiative, issuing N3million to the best five businesses.
This was stated in an opening speech at a press conference during the 7th edition of the BET initiative. The Head, Corporate Communications of Diamond bank, Chioma Afe said that the programme is organized in line with the bank’s drive to ensure that entrepreneurs in all Enterprises (MSMEs) are properly trained and equipped with core business knowledge, as well as given enough capital to effectively maximize the economy.
This year’s (2017) edition of the initiative programme is centered on the theme: “Innovation and Social Impact”, which is targeted at entrepreneurs of all sectors in the economy of whose entries, are expected from all geographical zones in Nigeria.
Mrs Chioma Afe stated that the 50 entrepreneurs on the six months training will be those whose businesses have possible threats to stimulate economic growths and development in Nigeria.
According to Afe, “at the end of the training a seed capital of N3 million would be given to the best five businesses” She said
The initiative programme, which is in collaboration with the Enterprise Development Center of the Pan Atlantic University, is at the core of the bank’s corporate social responsibility strategy and is aimed at making entrepreneurs who will not be afraid of the challenges presented by the harsh operating business environment, but will provide the needed values to the economy with the training and seed capital from the bank.
How to Apply:
Create and upload your 60 secs video
Fill your BET online application and include your YouTube link
Once you have successfully submitted your entry, get all your friends to vote.
The top 300 entries will be contacted.
How to Apply: Interested and qualified candidates should Click Here to Apply
One of the world’s richest men, Aliko Dangote have said that he would fire the club manager of Arsenal; Arsene Wenger if he buys Asernal.
This statement was made during an interview with Bloomberg.
According to Dangote,” I consider making an offer to buy the job, immediately the Oil refinery worth $11 billion which is under construction is completed in Lagos.
“I will change the coach, because he has done a lot. He has tried and someone else needs to take over” he added.
At the first quarter of this year, Wenger who is one of the Europe’s longest-serving managers renewed a two-year contract with Arsenal. He was once appointed in 1996 and has won three Premier League titles and seven FA cup trophies.
1. CELEBRITIES S FASHION ACADEMY
Description: Fashion Academy is a subsidiary of Celebrity's Collections Limited, which has been in fashion production for over twenty years, with affiliates within and outside Nigeria. Their trainings are designed to increase the scope, skills and enhance the technical know-how and ability of Nigerian designers, enlightening them on the nitty-gritty of garment production, Garment Technology, Dress making, pattern making. Critical path, Lay plan, sewing construction.... They run a world class Fashion School.SERVICES
Native attire sewing
unisex native attire sewing
ladies native wear sewing
custom tailoring service
female fashion designing
unisex fashion designer
ladies shirt fashion designer
faschion designing school
men corporate wear fashion designing
ladies fshion designing
2. DARPHEE JUNH
Iju Road, Agege, Lagos
Description: Darphee Junh is a contemporary Afrocentric Fashion Label for the shapely, curvy and/or plus sized African Woman.This Brand focuses on the special fashion related needs of the African woman with unique Body type. They have an excellent Made-to-fit services as well as makeovers (Makeup, hair and gele) is centered on satisfying the social, outgoing, party loving woman!Their Exclusive Services include:1. Sale of African Culture inspired fabrics such as Aso oke, Kente, Baoule, Adiire, Ankara.2. Fashion designing for the African woman (or man) with the unique body type3. Sale of Unique Fashion Pieces in plus size, such as underwears, night wears, sport wears, swim wears and customers.4. Bridal & Occasion Styling - Makeup, Gele, Hair and Nails.They also organize training on bag making, bead making, makeup, gele and fashon designing. We are a vocational center where you learned how to design and sew both male, female and children clothing.Services
Public sector event management
fashion designing school
traditional attire sewing
unisex fashion designer
3. Addurrah creations
Jibowu, Shomolu, Lagos
Description: Addurrah Creations is a sewing school dedicated to providing sewing skills needed to build and sustain a profitable and SMART Fashion Business. They are specialists in skill transfer from beginners to professional sewing techniques and pattern construction. We train interested individuals to become fashion entrepreneurs with a unique approach of blending western fashion styles with indigenous African fabrics and styles.They offer training courses for 4 weeks to 12 months, Beginners to Professional/Specialized Sewing and Pattern Construction/Designing. Services
fashion designing school
tailoring training school
4. Blue Cotton Apparel and Garments
Isheri Magodo, Ikeja, Lagos
Description: Blue Cotton Apparels & Garments started operations in 2015 and has become a household name in the manufacturing of outfit majorly for kids from Age 1 – Age 16. Blue Cotton as fondly called by all and sundry is aimed at creating a niche in the kiddies garments industry.Blue Cotton incorporates African Prints (Ankara) into our designs to bring out the beauty and creativity of the rich culture embedded in Africa to portray our heritage. We are also in the business of manufacturing uniforms for schools & companies, promotional wears, robes and academic gowns.At Blue Cotton, we research, develop, design and produce garments for kids to meet the intended purpose and expectations. Our products for kids range from casuals to dress up for outings. Blue Coton uses the combination of the finest and durable fabric,the most elegant designs and fine finishing with emphasis on comfort and affordability and boast of its low timeline on delivery no matter the quantity.Services
5. Chegsmania Concepts Limited
Alabata Road, Abeokuta North, Ogun
Description: Fashion Desi Chegsmania Concepts Limited is an organization that culminates the total idea of fashion into a gallery, using digital technologies, viz social medias, online games and applications, multimedia, productivity applications, cloud computing, and mobile devices, etc, as an essential tool.Servicesfashion event consultancy
6. Amtis Skills Place
Iju Road, Ifako Ijaiye, Lagos
Description: We are a skills acquisition centre or technical school.Our vision is to redefine the face of skills in Africa.Our mission is to raise professional Fashion Designers, Chefs, Make-Up Artist, Hair Stylists and other vocations are coming up soonWe are aimed at providing leverage between regular academics and other vocations. Our intent is to engage the minds of our students to think outside the box, utilize the power of imagination and create new innovations. Our wide array of courses in Fashion Design, Make up Artistry, Hair Styling culinary arts and seasoned teachers ensure that we engage each student on an individual basis, guide them to follow their interest and produce professional artisans with great service delivery and integrity.Services fashion designing school
makeup artist training
make up training school
Offshore spending limit on naira debits cards by CBN
Since the central bank of Nigeria has placed spending limit on the naira debit card it is becoming increasingly difficult for Nigerians to do foreign transaction.
On the 11th of October Bank Customers noticed that $250 is the maximum oversea spending limit on naira debit card.
On the 13th of October it was further reduced from $250 to $100 maximum oversea spending limit on naira debit card.
The policy has made things difficult for the IT industry as many companies were stranded for days not knowing what to do or how to pay their foreign providers.
To make matter worse banks did not send the regular circular ahead as they usually do informing their customers of the new policy, I cannot tell if it is a directive from CBN not to inform the public or it was a deliberate attempt by the banks to keep their customers in the dark.
Before now Nigerians shop online with their naira debit cards and some pay for some other services like websites hosting and the likes, but with the spending limit most of the companies oversea will start losing their Nigeria clients because most people will look for local alternative services providers.
It is time to look out for local providers for most of your services another option is to buy dollars from the black market and fund your dollar account.
In my opinion patronizing the local vendors will go a long way in solving the naira crisis.
For online advertisement in Nigeria I recommend Alternativeadvert.com it really local alternative to google adwords visit http://www.alternativeadvert.com/advertiser_join.php
Or call 08140806869, 07014039333.
BUHARI LEAVES FOR GERMANY TODAY
BY OMOKHUALE PUAH
As part of the goal of moving the country forward, the President of Nigeria, Muhammadu Buhari would Thursday, be on an official visit till Sunday at the Federal Republic of Germany.
The purpose of his visit to Berlin is to confer with the Federal Chancellor Angela Merkel on certain issues of shared interest between Nigeria and Germany which would include further cooperation on security, humanitarian situation of Internally Displaced Persons (IDPs) and the restoration of the North-East, including trade and economic relations of both countries.
In regards of the plans drawn by the president, he would be accompanied by the Governor of Borno state, Kashi shetima and the Governor of Imo state, Rochas Okoroafor, coupled with representatives of the National Assembly, to the Federal President Joachim Gauck.
Still as part of the administration’s vision, the President would be in Kaduna on Saturday with leading German companies who are already in Nigeria alongside other prospective investors so as to attract more foreign investment and create economic opportunities in Nigeria.
Still on his view of moving the nation’s economy forward, president Buhari before returning to Abuja would meet with the various Nigerian ambassadors in Germany.
His major purpose is to create and restore the cordial relations countries enjoy in the basic areas of bilateral cooperation with the Federal republic of Germany in areas of terrorism, economic relations, the support of IDPs, rebuilding of the North-east, vocational training, cultural relations and energy partnership.
FG EMBEDS FINANCE EDUCATION IN PRIMARY/SECONDARY CURRICULUM
BY OMOKHUALE PUAH
In an attempt to improve the financial literacy of Nigerians, the Central Bank of Nigeria (CBN), in conjunction with the Nigeria Education Research Development Council (NERDC) would commence the teaching of financial education, for all levels of the Nigerian education system.
At a press briefing on Tuesday in Lagos, Haijia Umar Dutse who is the Director, Consumer Protection, CBN, announced that the essence of this move is to teach children on how to be better financial managers.
In the words of Haijia Dutse, “I cease this medium to thank the CBN and the stakeholders for the support they have given to undertake this project.
“Of course we know that financial education is not an activity an individual or an organization can effectively carryout, because its framework has taken the approach and so, all hands must be on deck so as to achieve an expected result. I am very happy saying that with the commitment of the various stakeholders, I think this has a long way to go and at the end of the year, this country will be a reference point with the development of the curriculum”. She said.
The executive Secretary, Nigeria Educational Research and Development Council (NERDC), Professor Ismail Junaidu said that one of the greatest lessons learnt from the recent global financial crises, resulting to the collapse of the Nigerian financial system of course lack of consumer and we are aware that the Nigerian Consumers lack knowledge and skill to enable them to understand financial concepts and to enhance their financial wellbeing by managing their personal financial matters.
In his words “As part of the efforts to address the issue on ground, the Federal Government had launched a National Financial Inclusion Strategy in 2012 which placed a high premium amongst the rest on financial literacy which is a measure route to the achieving this goal.
“The development of a financial education in both the primary, secondary and tertiary school curriculum has to be inculcated, in order to imbibe a desired financial habit in the minds of the citizenry from a very young age to adulthood to enhance good financial decisions” she added.
“Due to this huddle, the project of developing a financial school curriculum for our Nigerian Education at both basic and secondary school level is taking place under the auspices of the financial Group regulators; CBN, NDIC, PENCOM, NAICOM, NSE, GIZ, bankers committee, MercyCorps, NGOs and other stakeholders” he continued.
According to Professor Junaidu, the innovative curriculum which has been approved by the Federal Ministry of Education comprises of various themes as, money, savings, credit, insurance, deposit insurance, pension planning and budgeting, capital market, financial landscape and entrepreneurship.
He further added “each of this theme contains various concepts, activities, contents, learning resources and evaluation guides, which are sequenced and graduated for an effective implementation and learning objectives in their various lessons and schools”- Thisday.
LOCAL PATRONAGE, THE ESCAPE FROM RECESSION-BUHARI
BY OMOKHUALE PUAH
The president of Nigeria Muhammadu Buhari says his greatest desire is to guide Nigeria into becoming an export based economy.
He made this remark on Monday at the 22nd Nigerian summit in Abuja, urging Nigerians to develop interest in indigenous products.
In accordance to his remark, there is no way we can achieve this without building the right economic foundation of patronizing our own products.
In the voice of the President,”My desire is that Nigeria moves from depending on imported goods to self sufficiency in local productions, becoming an export-led economy in goods and services “he said.
“Nigeria really has to diversify its economy so that we will not have to rely on another country to survive; we could produce our food, our textiles and other things we use, also creating the right environment for the young people to be able to benefit and create job through technology”.
According to President Buhari, who lauded the theme of the summit, ‘made-in-Nigeria’ “This theme continues to be a priority to the government and has been part of the many efforts made by the administration, to lay a solid foundation for the future” he clearly stated.
The minister of Budget and national planning, Senator Udoma Udo Udoma added that the summit would allow dialogue for both the private and public sector, since the public sector is beginning to accept the private sector as true partners in the development of Nigeria.
According to Senator Udoma, the government was already implementing policies focused at getting rid of the current economic recession.
In Udoma’s words, “Already, our focus is on agriculture which is beginning to yield fruit. This is an indication that there is a large growth upcoming in this third quarter.
“Even after we get out of recession, we would hold on to the implementation of our strategic implementation plan, which was launched by the government when the 2016 budget was signed into law.
“This plan will restructure our economy to the path of sustainable development as the SIP is anchored on the commitment of this administration to create a largely diversified, sustainable and inclusive economy that releases the latent potential of the Nigerian people, communities and natural resources endowment across the nation’s federating states”. He added.
FG GUARANTEES FALL IN RICE PRICE
BY OMOKHUALE PUAH
The Federal government had on Monday said that the price of rice would fall in November this year.
This statement was made by the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, during an address to the members of the Senate Committee on Agriculture and Rural Development at the ministry headquarters, in Abuja.
This statement was prompted by the decision of the government; the delay in the approval of the 2016 budget has made it impossible to implement the capital expenditure in the agricultural sector.
He stated that due to the rise in the price of rice, most Nigerians have returned to their various farms which make the price of rice at the next harvesting season, begin to crash.
Minister Ogbeh who stated that the government could not be involved in the importation of rice as speculated in some quarters, insisted that his ministry would not encourage rice importation because it would be preferred, to local production.
He further said that the Federal government was against the smuggling of rice, noting that the Borders of Seme has become a famous route for such contraband smugglings into the country.
In his words “We will not encourage the importation of rice, neither would the government in anyway be involved in it, because we are working really hard to be self-reliant in local production. By November, during the full scale harvest, the price of rice will fall” the minister said.
Though early last month the government warned that the price of rice could hit N40, 000 per bag as it still currently sold at N20, 000 per bag.
Senator Heineken Lokpobiri, the minister of state for Agriculture and Rural Development said that the $22bn annual food import bill had led to the sudden rise in the price of rice and other farm produce.
The state Minister of Agriculture maintained that if Nigerians failed to produce some of the items before the year ends, the price of rice would hit N40, 000 per bag.
NIGERIAN EFCC, A COMPLETE FALLACY- DAME PATIENCE MEDIA CONSULTANT
BY OMOKHUALE PUAH
Former presidents wife, Dame Patience Jonathan says that the claims made by the Economic and Financial Crimes Commission (EFCC) on her about the $25 million traced to her accounts are lies.
In a statement made by her media consultant, Chima Osuji, during the weekend, it was said that the allegation of Dame Patience laying claim to ownership of a sum of $31.7 million fund, recovered by the EFCC was a complete fallacy.
As Dame Patience debunked the claim made by the EFCC, saying that the allegations were false and are targeted to hoodwink the public against her, her media consultant maintained the fact that Mrs. Jonathan has never owned such amount of money. The reason for the lie is best known to them.
According to the statement made by Mr. Osuji, another sum of $20 million was traced to Mrs. Jonathan again, which was another falsehood aimed at hoodwinking the public against her.
Mr. Osuji further defended in the statement, that the sum of $5 million which was also traced to her account is a fallacy, because in the claim it was said that Dame Patience opened accounts in various names; cooks, drivers and artisans. “This is the greatest falsehood to the knowledge of EFCC,” he said.
Following the statement in words “We have a whole lot of respect for the integrity and sanctity where this matters particularly, the trial is pending, but we are surprised to observe that EFCC the prosecutor of this matter does not have the same measure of respect for the Judiciary which is the bastion of hope for every citizen in the country”.
He further stated “We have received calls, text messages and news on Mass media against the Dame Patience, regarding fraud and other false statements daily by the EFCC in the court of public opinion so as to malign her.
“We are persuaded to respond to these lies disclosed by the EFCC in respect to the matter. We know that the purpose of this is to misinform the unsuspicious members of the public and beyond.
“It is unfortunate that the EFCC which belongs to Nigerians and whose delegation is to conduct a thorough investigation of cases brought to it has resorted in a greater disposition and propensity of engaging in media trials built on outright falsehood, dishing out to innocent persons” he complained.
“This case relating to Dame Patience is in absolute injustice and unfairness. We would like to remind all Nigerians that ‘injustice to one is injustice to all’ for on whom next the bell will toll, it important we emphasize the fact EFCC should desist from the media trials of innocent people, before trial in a court of law as included in the Constitution”, the statement added- Vanguard.
FAMINE, FLOOD AND WATERBORNE DISEASE ATTACKS DELTA COASTLINE
BY OMOKHUALE PUAH
Delta State Coastline, Local government areas of Patani, Momadi and a part of Burutu has been crammed by famine and waterborne diseases.
Following this devastation of famine and water contamination by the perennial flooding, which overflows its banks, a community leader from Patani, Chief Richman Yinbiri, spoke with correspondence.
He said that farmers from Patani, Aven, Agaloma, Abare and Angiama were taken unexpectedly by the magnitude of the flood, making it difficult for them to rescue their various crops from the farmland.
According to Yinbiri, the situation was so tough; the water current became so high to an extent that it was announced within the vicinity that no one should venture into the high tide and such current areas to uproot tuber crops to avoid being drowned.
In the words of Yinbiri “because of the strict monitoring and compliance, most families are almost dying of starvation and even the few basic food items that managed to get into these affected areas such as garri, plantain, cocoyam, pepper and other farm produce have extremely increased in price”, he explained.
Bomadi Council Area has no difference in situation, as most of the communities including Ogriagbene, Esanma, Ogbein-ama, Akugbene, Okolaba and Ogo-Eze communities, with majority of their locals as farmers and petty fishermen were badly hurt by the flood, which out banked the River Forcados and River Ramos.
The immediate past community chairman of Esanma, Mr. Oyas Omoro, said that the flood did not only render Esanma residents homeless, but had also brought the waterborne diseases to the entire Delta Coastline communities.
Mr. Omoro complained in his voice “the only source of drinking water has been contaminated by the flood.
“To make things worse, the only accessible road linking this community with Gbaregolor has been cut off by the flood”, he said.
In addition, Mr. Omoro pleaded with the State Government and other well meaning Nigerians to come in aid of the Delta Coastline communities.
NATIONAL ASSEMBLY QUESTIONS BUHARI’S ADMINISTRATION
BY OMOKHUALE PUAH
The President of Nigeria, Muhammadu Buhari has been passed a motion of invite by the National Assembly (NASS), to address the legislature on previous efforts made in order to get out of economic recession.
The motion which was passed on Thursday by the senate was in concurrence with the House of Representatives after a two day spanned debate at the floor of the lower chamber in Abuja, the National capital.
The Legislatives explained that there was a great need for President Muhammadu Buhari to clarify the entire state of Nigeria, in the sight of alleged conflicting signals entangling from various administrative officials, especially as regards the problems of economic recession.
According to members of the House of Representatives, it is imperative that President Muhammadu Buhari addresses a joint session of the National Assembly to outline plans to pull Nigeria out of recession.
The Minority Leader of the House, Toby Okechukwu and other lawmakers, Leo Ogor and Oluwole Oke, outlined the various factors they believed led to the economic recession.
Some of the issues outlined by the lawmakers were, Treasury Single Account Policy, Foreign Exchange Policy and the Structure of Nigeria.
KEROSENE SCARCITY HITS AS PETROL PRICES STABILIZE
BY OMOKHUALE PUAH
THISDAY’S Newspaper has the report that ‘the price of petrol at the various depots in Lagos has remained relatively stable, despite its looming scarcity raised by some major and independent markets’.
Due to the high cost of accessing foreign exchange, marketers alarmed in recent weeks that the N145 per litre pump price of fuel would not be sustained and that the new price which began effect in May 2016 was based on the exchange rate of N280 per dollar.
With the rise in the cost of dollar, the marketers argued that the price of petrol should also increase, so as to affect the prevailing exchange rate of over N400.
In accordance with the previous circular released by the PPPRA, the lower limit of the ex-depot price is N123.28 per litre while the upper limit is N133.28.
As scarcity of foreign exchange to fund importation increases with only a depot of stock at the weekend, the price of kerosene has risen to N180 per litre, THISDAY has it.
This was discovered before the previous price of depot rose to N188.50 in Eterna Oil depot, which sold at N165 per litre.
However, despite the alarm raised that the country was heading for a fuel crises, marketers retained their petrol price, below the upper limit of the indicative price band approved by the Petroleum Products Pricing Regulatory agency (PPPRA).
Mrs. Rahamanniya and Techno Oil sold at the weekend for the ex-depot price of N130.50 which goes above the upper limit approved by the PPPRA.
Noticeably, the price of kerosene has increased of recent, because only depot had stock during the weekend as one litre was sold at N188.50 which is above the previous N165 per litre. Currently with the high cost of kerosene at various depots, its pump price at retail outlets would be above N200 per litre.
WORLD BANK REFUSES TO LOAN NIGERIA UNTIL 2017
BY OMOKHUALE PUAH
World Bank and other international lenders have refused to lend out money to Nigeria.
Embedded in a report from the Financial Times, it was discovered that the International Monetary Fund (IMF) and World Bank is demanding some financial reforms from Nigeria, before it could be granted a loan.
On Wednesday last week, the Central bank of Nigeria (CBN) made an attempt to lend a sum of N129.67bn in a short-dated Treasury bill from the World Bank.
In view of the attempted loan, the Apex bank said that it would raise N28bn in three-month paper, N33.49bn in six-month bills and N 68.18bn in one-year bills.
According to Apex bank, the nation’s interbank lending rates were flat at 15.25 percent for overnight lending that Friday, as the market liquidity dropped because of persistent sales of Treasury bills by the central bank.
Still on the trend, Reuters reported on Friday, that cash balance was not available with the central bank, but traders said that insisted that market liquidity should be below N100bn, due to consistent cash withdrawal by the CBN via Treasury bill sales.
Traders complained that the CBN had sold about N1.2trn in the Operations treasury bills at 14 auctions in one month at a bid to reduce liquidity in the banking system and curb pressure on the foreign exchange market.
On this note and others, the World Bank said it would no longer disburse loans until 2017 at the earliest.