TheFederal Executive Council, FEC, will likely approve the implementation of a new national policy for the Micro, Small and medium Enterprises (MSMEs) sectors of the economy.
Recent data provided by the National MSMEs collaborative survey put the number of MSMEs in Nigeria at 17.6 million, employing about 32.4 million people, and contributing about 46.54 percent to GDP.

Deputy Speaker of Rivers State House of Assembly, Mr. Leyii Kwanee, has said there could be nothing wrong if the House sits outside the state Assembly complex on Moscow Road, in Port Harcourt.

Kwanee, who spoke with Vanguard on phone, yesterday, shortly after he arrived from a trip, said that with the prevailing circumstance, it would not be a crime if members chose to sit at a venue other than the Assembly building.

Anambra State Chairman of the All Progressives Congress (APC), Mr. Chuks Chinwuba, in this interview speaks on why the opposition party will take part in Saturday’s local council election. Excerpts:

Similarly, the impact of serial inchoate and generally misguided annual fiscal plans is clearly visible in the parlous state of our economy despite our fortuitous favourable human endowment and abundant natural resources.
Let us, therefore, examine, hereafter, how poor planning and lack of commitment could thwart our expectations for creditable results in two areas; that is, football administration and the war against corruption.

The press was recently awash with the news that the Minister for Communication Technology, Mrs Omobola Johnson, has warned telecom operators in Nigeria to improve their service quality or face sanctions. According to the reports, from 2014, telcos that fail to meet agreed key performance indicators (KPIs) will face penalties including fines, withdrawal of licences and five-year jail terms.

It is becoming very obvious that as the years go by, tax systems globally will have to be positioned or continuously be re-positioned to meet up with the challenges posed by globalization of the business environment and world economy. The 21st century began with some serious challenges facing the global community. Unprecedented economic crises ravaged world economies leading to the virtual collapse of the financial and industrial sectors.

Dr. Ahmed Adekunle, is the Senior Special adviser to the Minister of Agriculture and Rural Development on Mechanisation, Chairman of the Advisory Ministerial Mechanization Committee, speaks on the federal government’s mechanisation project implementation. Excerpts:

The advertising industry in 2013 experienced an unprecedented decline in media advert in various media vehicle penetration. This was due to the economic recession witnessed globally few years back which trickled down to Nigeria. The recession took a toll on the advertising industry as many companies could not carry out their primary duty of pushing their products to the market through advertising, even though the broadcast industry enjoyed a major share in the industry, a sign that brands and companies relied basically on the broadcast industry to draw the attention of their target audience.

SPECULATIONS were rife in some quarters, yesterday, that the Police in Rivers State may have released the six suspects, handed over to them after their arrest by the Joint Task Force at Ogu Bolo Local Government Area of the state, weekend, for illegal possession of fire arms.