₦airaland Forum

A time is coming when talents like this will highly be celebrated and recognized instead of just overlooking the development potentials and burying national 'heads' in the sand of frivolities

I believe that does not really scare some strongheaded people sha. only re-orientation and change of mindset can give lasting solutions

As long as he enjoys only what is constitutionally due to him and 'delivers' what is expected, im okay with him.

I GUESS HE GOT THE RIGHT REPLY. LORD HAVE MERCY!!!

lol

quite interesting sha

In recognition of the role of the Capital Market as very critical to the kind of economy the present administration intends to develop for Nigeria, the Federal Government is to set up a $25 billion fund wholly dedicated to infrastructure investments.

This was stated by the Minister of Finance Mrs Kemi Adeosun during the inauguration of the Capital Market Master Plan Implementation Council (CAMMIC), National Investor Protection Fund (NIPF), and the launch of the Corporate Governance Scorecard for quoted companies by the Securities and Exchange Commission (SEC) in Lagos Thursday.

According to Adeosun, “In the current environment of significant revenue squeeze and other budgetary constraints, these investments will clearly not come from government coffers alone. We believe this is where the capital market can really make itself relevant by stepping in to close the funding gap. Government is already looking to set up a $25 billion fund wholly dedicated to infrastructure investments”.

The minister, represented by the permanent secretary Ministry of Finance, Dr Mahmoud Isa-Dutse, said an efficient and vibrant capital markets are an indispensable feature of any modern economy supplying affordable medium-to-long term capital needed for growth as they facilitate mobilization of savings, accelerate capital formation, provide investment avenues and enhance efficient allocation of capital to growth sectors as no country has been able to develop without a thriving capital market.

The World Bank has urged President Muhammadu Buhari to remove petroleum subsidy, saying that the time has come for the president to take the decision.

Speaking at the launch of the new edition of Nigeria Economic Report, the World Bank’s Lead Economist, John Litwack, said the best time to remove fuel subsidy is now when global crude oil price is at its lowest level, noting that the Bank foresaw continuous decline in global crude oil price.

According to Litwack, now is the best time for the government to scrap the subsidy, as doing so would not push retail pump price beyond an average of N100 per litre, or generate the kind of pressure that would negatively impact on the people beyond what they are currently facing.

Litwack said, “The fuel subsidy appears to have vast modest benefits for the majority of citizens, but the costs are quite high. There is a strong tendency for the cost of fuel subsidy to increase over time as increasing domestic demand for petrol outpaces growth in oil output or revenues.

“The $35 billion cost of fuel subsidy during 2010 – 2014 was one of the reasons Nigeria was unable to accumulate a fiscal reserve in the Excess Crude Account that could have protected the country from the recent oil price shock.”

He explained that fuel subsidy obligations were expected to reach 18 per cent of all government oil revenues in 2015, pointing out that if the current regulated price regime of N87 per litre was maintained, subsidy was projected to increase to more than 30 per cent by 2018.

President Muhammadu Buhari declared Saturday in Kaduna that job creation will remain one of the topmost priorities of his administration’s economic agenda because it was vital for the attainment of the Federal Government’s other objectives of improved security and poverty reduction.
Speaking at the 2nd Convocation ceremony of the Kaduna State University which had “Entrepreneurship for Development” as its theme, President Buhari pledged that his administration will give the fullest possible support to all efforts to create more jobs through the reorientation of Nigerian youth towards an entrepreneurial mindset.
“This administration will ensure that youths in the country are gainfully employed and youth restiveness curtailed.
“One of the focal points of this administration is job creation. Job creation will help in the achievement of other objectives of the government such as poverty reduction. Insecurity cannot be divorced from unemployment and poverty because an idle mind, they say, is the devil’s workshop.
“With declining internally generated revenue and over dependence on equally declining oil revenues, there is need to seek other ways of diversifying the economy so as to boost revenue.
“One of the ways we can achieve this is through the reorientation of our youths towards an entrepreneurial mindset. We must therefore promote and enhance the teaching and learning of entrepreneurial skills in all schools and tertiary institutions, thereby exposing our youth to the basics and rudiments of starting and sustaining their own businesses,” President Buhari told the gathering.
The President said that to encourage and assist Nigerian youth to move from being job seekers to job creators, his administration will sustain and improve ongoing programmes by the Central Bank of Nigeria, the Small and Medium Enterprises Development Agency of Nigeria, the Bank of Industry, the Bank of Agriculture and other Federal agencies to grant them start-up loans at concessionary rates.
President Buhari urged the Nigerian private sector to also do more to support government’s efforts to boost youth entrepreneurship and the development of micro, small and medium scale enterprises in the country.
He thanked the University for conferring an honourary doctorate degree of letters on him.

it is well o

Hmmmmm

This is serious oo!!

This serious oooo. technology is moving at a speed of light!!!

thank God for God that saved Nigeria ooooo