Tuesday, 6 October 2015

Behold Buhari's 21 Ministerial Nominees

Senate President, Dr Bukola Saraki on Tuesday unveiled the 21 ministerial nominees contained in the list sent to the Senate on Wednesday September 30.

See the names of those who made the list.

Abubakar Malami (SAN): Abdurahman Bello Dambazzau; Aisha Jumai Al Hassan; Alhaji Lai Mohammed; Babatunde Raji Fashola; Adebayo Shittu; Solomon Dalong; Senator Chris Ngige; Rotimi Amaechi; and Chief Audu Ogbeh.

Others are, Mrs. Amina Ibrahim; Dr. Osagie Ehaneri; Emmanuel Kachukwu; Dr. Kayode Fayemi; Eng. Suleiman Adamu; Mrs. Kemi Adeosun; Dr. Ogbonnaya Onu; Hon. Ahmed Musa Bello; Ibrahim Usman Jubrin; Senator Hadi Serika; Senator Udo Udoma.

Monday, 5 October 2015

Define Your Economic Policy Direction - British Expert Advises Buhari

A British financial expert, Mr Gerard Lyons, has advised the administration of President Muhammadu Buhari to come up with a clear economic policy direction to help international investors take investment decisions on Nigeria.

Mr Lyons gave the advice on Monday while delivering the keynote address at the African Pensions Summit in Abuja. He urged the government to invest
part of the nation’s almost N5 trillion pool of funds in infrastructure, especially energy, roads and rail lines.

He noted that the lack of clarity about the vision and  economic policy direction of the government was not good for the country.

Pointing out that a great vision is the strength of an economy, he said that the delay in appointing key government officials was a source of worry for international investors.

Nigeria To Depend Less On Oil - Buhari

President Muhammadu Buhari has said that Nigeria would develop its manufacturing and agricultural sectors to create jobs, combat insecurity and reduce dependence on oil.

His words ;
"Our government came into office at a time when many people had abandoned the country's manufacturing, agricultural and mining sectors."

"We are doing our utmost best to encourage diversification into these sectors which can employ a lot of people and we will welcome your support in this regard."

"Ultimately, reducing unemployment will also help to improve security because unemployment and insecurity are inseparable."

President Buhari spoke on Monday while receiving a delegation of 50 French companies and businessmen in Abuja. He urged them to take advantage of Nigeria's favorable business environment.

Buhari’s Anti-corruption War Good For Business - Dangote

Africa's richest man and President of Dangote Group, Alhaji Aliko Dangote is confident that Nigeria will survive the oil price crash that has decimated government revenues if it sustains its fight against corruption.

According to a press release from the company on Monday, Dangote spoke at the Financial Times Africa Summit in London, where he maintained that Africa’s most populous country would grow.

He said,
“Nigeria’s GDP won’t stagnate and we will have a short term shock but people should remember the Nigerian economy is resilient and huge.”

He said that if the government of President Muhammadu Buhari continued its crackdown on corruption, the near 50 per cent oil price slump in the past year would be mitigated.

“The government has also suffered a lot of leakages; when oil was $100 a barrel we weren’t seeing all that revenue collected. If the government collects all its taxes and duties, I think we will be okay. We will not have as much as we had before but it will be okay.”

End Of Importation of Petroleum Products Imminent - Buhari

President Muhammadu Buhari has said that the importation of refined petroleum products will end soon, along with the corruption that goes with it.

This was contained in Buhari's independence day message to the country on October 1st.

He said that preliminary steps have been taken to sanitize NNPC, improve its operations and reduce inefficiency and corruption to the barest minimum. His words ;

“Those of our refineries which can be serviced and brought back into partial production would be enabled to resume operations so that the whole sordid business of exporting crude and importing finished products in dubious transactions could be stopped.”

He noted that the supply of petrol and kerosene has improved across the country.

Dangote Listed Among World's 50 Most Influential People

Founder and Head of Dangote Group, Alhaji Aliko Dangote has been listed by Bloomberg among the world's 50 most influential personalities.

The personalities chosen by Bloomberg Market include business leaders , world leaders and religious leaders. Prominent on the list are, Barak Obama, Angela Merkel and Pope Francis. Dangote is number 41 on the list.

Bloomberg, said that those on the list build companies and assemble fortunes. They shape economies and spread ideas. They control money and wield the clout that goes with the billions of dollars they invest.

On Dangote, Bloomberg said, “Aliko Dangote, founder, Dangote Group, Africa’s most successful businessman built his fortune in sugar, textiles, and cement in his native Nigeria where, today, he’s a political as well as a financial power broker. He’s expanding in other countries and may list his cement company in London."

Dangote Listed Among World's 50 Most Influential People

Founder and Head of Dangote Group, Alhaji Aliko Dangote has been listed by Bloomberg among the world's 50 most influential personalities.

The personalities chosen by Bloomberg Market include business leaders , world leaders and religious leaders. Prominent on the list are, Barak Obama, Angela Merkel and Pope Francis. Dangote is number 41 on the list.

Bloomberg, said that those on the list build companies and assemble fortunes. They shape economies and spread ideas. They control money and wield the clout that goes with the billions of dollars they invest.

On Dangote, Bloomberg said, “Aliko Dangote, founder, Dangote Group, Africa’s most successful businessman built his fortune in sugar, textiles, and cement in his native Nigeria where, today, he’s a political as well as a financial power broker. He’s expanding in other countries and may list his cement company in London."

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