Mr. George Uriesi,Managing Director of FAAN, had an interactive session with journalists in Lagos last week. During the session, he gave insight into what the authority is doing and plans for the future for the various airports in the country. He gave a little bit of context to the current conditions under which FAAN is operating, as well as the vision that is driving it.

The mortgage system adopted by Lagos State government under the administration of Alh. Lateef Jakande which enabled many Lagosians to become house owners left the government with huge debt and is unsustainable.

A declining trend was recorded on the Nigerian Stock Exchange, NSE, last week, as the value of listed equities dipped by N66.958 billion.

To navigate and survive the uncertainties expected to overwhelm Nigeria’s economic environment in 2012 and still deliver improved and reasonable returns to investors and stakeholders, businesses should adopt strategic initiatives bordering on the design and implementation of robust, well-structured and targeted competitive strategy, says Mr. Martins Oluba, Chief Possibility Officer, ValueFronteira Limited.

Nigerian Institute of Quantity Surveyors (NIQS) has called for a structural change in the roles of Ministries, Departments and Agencies (MDAs) in the implementation of the National Housing Policy.

Underwriting companies under the auspices of the Nigerian Insurers Association, NIA, are optimistic that the Nigerian Insurance Industry Database, NIID, will curtail the unethical practices of some insurance brokers who are in the habit of siphoning premium meant for insurance companies.

PRESIDENT Goodluck Jonathan has appointed Mr. Muhtar Usman, an aviator of over three decades, new Commissioner of Accident Investigation Bureau, AIB, of the Federal Ministry of Aviation.

Cross River State Government has built several social service infrastructure on a smart card through its ICT company, Smartgov.CRSG, to empower the citizens and residents of the state. The Special Adviser to the state government on Information Communication and Technology (ICT), Mr. Odo Effiong has said.

The cost of insecurity in Nigeria is turning out to be very expensive. It is estimated that over N1 trillion has been spent by individuals and the various arms of government on ransoms, compensations, upgrade of security apparatus and personnel since the advent of kidnapping and Boko Haram in the country.

Nigeria used to rank as one of the leading cocoa- producing countries in West Africa before the oil boom. Cocoa was a major export crop for the nation as it fetched a sizeable percentage of the nation’s foreign exchange earnings.