LCDAs bill: Oba Tejuoso asks for amendment before signature
ABEOKUTA—The Osile of Oke-Ona Egba, Oba Dr. Adedapo Tejuoso has warned Governor Ibikunle Amosun against signing the creation of additional 37 Local Council Development Areas bill without including Orike-Oko as part of Obafemi-Owode and not Remo-North Local Government.
S-East govs, PDP chieftains meet over Fulani attacks, budget
THE governors of South-East geopolitical zone and leaders of Peoples Democratic Party, PDP, yesterday, rose from a meeting in Enugu with a resolution to introduce a more enduring and sustainable strategy to protect lives and properties of the Igbo.
2016 budget: Presidency mulls monitoring team to halt looting, enforce implementation
ABUJA—In a deliberate move to ensure effective implementation of this year’s budget and prevent looting of funds, the Presidency plans to engage the services of experts in the area of monitoring and evaluation, M&E, to track the implementation.
Ogun State attracted over N690bn investments in 2014
OGUN State government has said that the state attracted over N690 billion investments in 2014, signaling its emergence as the nation’s number destination for private sector investment. Governor of Ogun State, Senator Ibikunle Amosun, disclosed this while addressing a press conference ahead of this year’s Ogun State Investor’s forum.
Marauders, herdsmen and fellow Nigerians
THERE is anger in the land. The horrific massacre of people in the Ukpabi Nimbo Community in Uzo-Uwani, Enugu State has put country on the boil. Coming on the heels of similar attacks in other parts of the country,
Decline in external reserves weakens Naira in future market
The Naira weakened in the foreign exchange forwards market due to declining confidence triggered by persistent decline in the nation’s external reserve. The forwards market is for foreign exchange transactions to be delivered at agreed dates in the future. Last week the external reserves dropped by $104 million from $27.12 billion on April 29th to $26.919 billion on Thursday may 5th. Cumulatively the external reserve has fell by $2.15 billion from $26.92 billion at the beginning of the year.
