Special Report

West Africa’s healthcare investment momentum builds as WHX returns to Nigeria 

West Africa’s healthcare investment momentum builds as WHX returns to Nigeria 

Nigeria’s healthcare sector is undergoing rapid transformation, with forecasts predicting a 7.1% expansion and an anticipated market value of US$161.7 million by 2027. This growth is fuelled by a US$1.2 billion Federal Ministry investment in infrastructure and workforce, major oncology and diagnostic expansions by the Nigeria Sovereign Investment Authority, and increased imports under the African Continental Free Trade Area […]
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Ebonyi: State, federal roads need serious intervention

Ebonyi: State, federal roads need serious intervention

THE State of roads in Ebonyi state has over the years improved based on the effort of past and present administrations who had invested huge financial resources to ensure its development, reconstruction and usability by both motorists and pedestrians across the state.

My defence, by Stella Oduah

My defence, by Stella Oduah

Let me first and foremost apologise for my inability to honour your invitation to appear before you on the last day the public hearing held. My non appearance was not borne out of disrespect to this Honourable House. Let me also thank the Honourable Committee for rescheduling my appearance to today.

Frightening Revelations: Why planes may keep dropping off the skies

Frightening Revelations: Why planes may keep dropping off the skies

Consequently, this is the reason most airlines find it difficult to meet their financial obligations to suppliers, service providers and staff. Even the payment of salaries and aircraft maintenance, when due, becomes a Herculean task. Airlines in Nigeria pay some of the most outrageous charges in the world.

These come in form of ground rent, landing and take off, day and overnight parking charges as well as navigational fees; and these are exclusive of other multiple taxes imposed by government. Overnight parking charges range from between N25,000 and N30, 000 per aircraft. Airlines in Nigeria also pay government taxes as high as 18 per cent of sales, including Value Added Tax, VAT, Passenger Service Charge, PSC and NCAA’s TSC. These taxes and charges, to say the least, are stringent for the airlines to operate safely and profitably. And an airline that cannot operate safely and profitably is an accident waiting to happen.

Unmasking economic saboteurs at Tinapa Calabar (2)

Unmasking economic saboteurs at Tinapa Calabar (2)

THE simple question the so-called Tinapa investors should answer is: Was there a time Nigeria closed two of its borders – Seme and Idiroko – in order to get at a few criminals operating within the borders? Have they heard other nations do that? It is indeed sad that some unscrupulous Nigerians will continue to sabotage every government incentive to boost trade and commerce and especially the manufacturing sector.

Vanguard Detty December