IMO STATE DEBT PROFILE: THE FACTS AND THE FICTIONS – PRESENT AND FUTURE IMPLICATIONS

BY OKEY EZEH All over the world, debt instruments are recognized as development tools in the hands of individual entrepreneurs, corporations, agencies and governments who utilize them to raise the bars in the financial and economic wellbeing of the entities to which such facilities are applied. Loans or debt instruments are typically applied to projects, initiatives, schemes or concepts which re-position the borrowing entity by endowing them with regenerative capacity to raise performance standards so as not only to repay the loan obligation at a future date but to also…

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GOV. UDOM EMMANUEL OPENS FIRST RICE MILL IN AKWA IBOM

A new rice milling factory built in Ini local government area of Akwa Ibom State has been commissioned by Governor Udom Emmanuel, with a promise that it will give birth to several other factories in the area. Governor Emmanuel who was accompanied by his wife said Ibom Agricon Rice factory was part of his administration’s resolve to ensure that sooner than later, 80 percent of staple food consumed by Akwa Ibom people, are produced in the state. The Governor maintained that it was the first rice mill in the state,…

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TradeMoni loan Most beneficiaries are not our members- NANTS Chairman

BY Victoria Ojeme ABUJA: The Chairman, National Association of Nigerian Traders, NANTS, FCT chapter Prince Edozie Ugwu, on Thursday disclosed that most beneficiaries TradeMoni are not members of the association. Ugwu urged the federal government to consult with them in the disbursement of the TradeMoni loan initiative. Ugwu, who made the appeal at the Trader-Moni loan disbursement exercise to traders in Wuse market in Abuja, noted that most of the beneficiaries were not members of the association. Mr. Ugwu described The Trademoni scheme as a good initiative but noted that…

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Prepaid meters to be available to all Nigeria homes in 2020 – NERC boss

Nigeria’s National Electricity Commission (NERC) on Thursday disclosed that all Nigerian homes will have access to prepaid meters by 2020. NERC chairman James Momoh made the disclosure on Channels Television ‘Sunrise Daily’ show. “With all the mechanisms we have put in place, I am certain that every Nigerian home that wishes to have prepaid meter can have it by 2020,” Momoh said. Current Nigeria government claim it is supplying 7000 megawatts of electricity generation, having improved it from 3000 where it was in 2015. However, other African countries boast of…

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OKEY EZEH PROMISES TO PRIORITISE HUMAN CAPITAL DEVELOPMENT

The governorship candidate of the Social Democratic Party, SDP, in Imo State, Sir Okey Ezeh has said that by being too fixated with the quick revenues coming from the oil sector, successive governments in the State have neglected human capital development. He regretted that Imo’s human capital development is in tatters, adding that the biggest asset every society has is in the minds of its people. The astute entrepreneur stated this on Monday while conferring with a team of topnotch American investors who visited his campaign office to discuss ways…

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GOVERNOR EMMANUEL INAUGURATES 42-HECTARES INTEGRATED FARM PROJECT

Ndifreke P. Akpan (Govt House) Governor Udom Emmanuel has commended the Paramount Ruler of Onna local Government Area and his wife for initiating a 42 hectares integrated farm project which he said, is in line with his administration’s agenda of Agricultural revolution and food sufficiency in the state. Mr Emmanuel who lauded the opportunities presented by the farm initiative, said his vision is to ensure that in the next few years, Akwa Ibom shall produce 80percent of what it consumes. The Governor speaking while commissioning a Songhai model farm, Ibom…

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IT WILL TAKE ABIA 210 YEARS TO REPAY DEBTS ACCUMULATED BY IKPEAZU, OCHENDO’S GOVT. -DON NORMAN

ABIA IS TOTALLY FINISHED….DON NORMAN UMUAHIA— GOVERNOR Okezie Ikpeazu of Abia State has recklessly increased the domestic debt of the state to the tune of N60.648 billion and the external debt to $101.486 million (N36.534 billion at the rate of N360 exchange rate). In a recent post by ace journalist Don Norman, obtained by Suncity News, Ikpeazu’s government had recklessly increased the domestic debt to N60.648 billion and the external debt to $101.486 million (N36.534 billion at the rate of N360 exchange rate). You will recall that it was reported in…

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OMPAN TO HOLD NEC MEETING IN ABUJA

Online Media Practitioners Association of Nigeria (OMPAN) has announced its planned National Executive Council (NEC) meeting scheduled to take place in Abuja between the 15th and 18th of November 2018. A statement by its Public Relation Officer (PRO), Ismaila Yahaya Kana, informed that the meeting “is aimed at discussing critical issues that will move the association forward as well as collaboration with critical stakeholders in the public and private sectors.” The statement further said the NEC, while in Abuja, “will visit government MDA’s as well as other important Government and…

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It’s 30,000 labour agrees with FG, suspends strike

The organised labour unions have called off the planned nationwide industrial action initially scheduled to commence today to press home workers’ demand for a new national minimum wage. The National Chairman of the Nigeria Labour Congress (NLC), Ayuba Wabba, announced the suspension last night in Abuja at the end of the last meeting of the tripartite committee set up to come up with the new minimum wage. Wabba said the decision to suspend the action was reached after agreements were reached and documents signed. “Having reached this position and agreements…

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PHOTOS: Buhari Inaugurates New Terminal At Port Harcourt International Airport

President Buhari with Rivers state Governor Nyesom Wike as he commissions Portharcourt International Airport Terminal Building in Rivers State on 25th Oct 2018 President Muhammadu Buhari has inaugurated the new international terminal of the Port Harcourt International Airport In Rivers State. President Buhari opened the new terminal on Thursday at a ceremony attended by Rivers State Governor Nyesom Wike, Minister of State for Aviation Hadi Sirika and several other top government officials. The President arrived at the state capital, Port Harcourt around 12:20 pm in what was his first official…

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