The Federal Government has revealed its plans to increase investment in e-commerce to achieve its revenue projection of $75billion by 2025. According to the minister of Industry, Trade and Investment, Otunba Niyi Adebayo, the target is as a way of cutting down on dependence on oil as major foreign earner. Adebayo said that as Nigeria eyes a shift from oil as a major foreign exchange earner, e-commerce and its associated trade services will be a viable alternative. He disclosed that Nigeria is actively participating in the on-going negotiation at the World Trade Organization (WTO) in a bid to boost the…
Author: Victor Fola
The leadership of the People’s Democratic Party (PDP) is on the verge of caving in to the pressure from Rivers State governor, Nyesom Wike in usurping the National Chairman, Dr. Iyorchia Ayu. According to The Guardian, sources close to the party said that the National Executive Committee (NEC) and Board of Trustees (BoT) are in preference of the South West producing the replacement for Ayu. Recall that Wike and the presidential candidate of the PDP, Atiku Abubakar recently met in London. Sources privy to the meeting revealed that Wike’s group is holding out for Ayu’s resignation and his replacement to…
The group chief executive officer (GCEO), Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari has revealed that the country will stop importing petroleum products by mid-2023. Kyari made this known during a press briefing at the state house in Abuja on Tuesday. He said the blend of output from the Dangote refinery which is slated to commence next year and state-owned refineries would replace the importation of petroleum products into the country. He disclosed that NNPC has a 20 per cent equity in the Dangote Refinery and has a first right refusal to supply crude oil to the plant. Kyari…
After a momentary reprieve yesterday, the legal woes of the suspended Deputy Commissioner of Police Abba Kyari continues today as the Federal High Court in Abuja declined his bail request. Kyari and four others are standing trial for alleged hard drug trafficking offences preferred against them by the National Drug Law Enforcement Agency (NDLEA). He was arraigned in March over an alleged involvement in a cocaine deal, a development that added to his spectacular descent from a respected super cop to suspect after similar mention in a wire fraud case against Ramon Abbas ‘HushPuppi’ in the United States of America.…
In a bid to augment Nigeria’s food security, the Federal Ministry of Agriculture and Rural Development has inaugurated the Local Organising Committee (LOC) that would address the myriads of challenges inhibiting the nation’s agricultural sector. The inauguration of the committee was done by the Permanent Secretary of the FMARD, Mr. Ernest Umakhihe. Umakhihe revealed that the inauguration was also for the 45th Regular Meeting of the National Council on Agriculture and Rural Development (NCARD), slated for Jos, Plateau State in September. He explained that its purpose is to address critical issues affecting the development and management of the country’s agricultural…
The Minister of State for Transportation, Prince Ademola Adegoroye, is certain that All Progressives Congress (APC) presidential candidate, Asiwaju Bola Tinubu, will create more wealth and prosperity in Nigeria if he becomes President in 2023. Adegoroye said Tinubu comes with expertise and experience to bring about development to the country. Adegoroye said this in Akure, the Ondo State capital, while addressing a stakeholders’ meeting of the party in Akure South Local Government Area. “Asiwaju Bola Tinubu is a thoroughbred politician who understands what the people need. He knows the grassroots and identifies with the masses. Asiwaju understands what the people…
The Lagos State Police Command has arrested a 39-year-old fake army captain, Andy Teddy Edwards for robbery in Lagos. Edwards was arrested after a thorough investigation was launched after one of his victims reported the robbery of her Lexus RX330 SUV. It was gathered that he feigns as a modeling agent, lures ladies for auditioning, and then robs them of their cars and valuables at gunpoint. Lagos State Police PPRO, SP Benjamin Hundeyin confirmed the incident, adding that further investigation led to the recovery of a Ford Edge SUV with registration number KRD 276 EG, one sewing machine, a POS…
Popular online music streaming platform, Spotify has said that it is committed to amplifying talents from Nigeria. Phiona Okumu, Spotify’s head of music, Sub Saharan Africa, revealed how impressed Spotify is with the performance of Nigeria music on the platform. Okumu spoke on Thursday when the streaming platform hosted celebrities, media, influencers, and fans to celebrate “Lagos’ status as a city of culture-shifters, innovators, and tastemakers” She said, “We are so proud to be connected with the Nigerian Gen Z community and we remain committed to amplifying the talent coming out of Nigeria by providing a platform for local artistes…
The Independent National Electoral Commission (INEC) has promised a transparent election in 2023. The commission stated that as opposed to rumours of it going manual for transmission of results, it will maintain its electronic process. INEC National Commissioner and Chairman of its Information and Voter Education Committee, Festus Okoye disclosed this during a post-election roundtable and public presentation of the final report on the observation of 2022 Ekiti and Osun Governorship Election, organised by a human rights organisation, Yiaga Africa. Okoye noted that the commission is going to learn from the lessons from the recent gubernatorial elections in the country…
Former Inspector General of Police, Mike Okiro has expressed confidence over the competence of Senator Bola Ahmed Tinubu to fix Nigeria the same way he fixed Lagos Okiro said this on Friday in Abuja at the unveiling of the summit planning committee for Tinubu’s support group, ‘Defect Together Movement for Tinubu-Shettima 2023.’ He recounted the anomalies that were in Lagos at the time of Tinubu’s emergence as governor and how he brought peace and development to the state. ““When Tinubu became the governor of Lagos, criminality was at its highest peak in Lagos, robbery, killing, OPC, everything was in shambles…