Curator

http://ift.tt/eA8V8J By Henry Boyo 1 st  Man:    I am disturbed by the rate at which the country is getting foreign loan. 2 nd  Man:   Why? 1 st  Man:   We’ve borrowed N7.1trn in just two years. 2 nd  Man:   There’s no cause for alarm, my friend. 1 st  Man:    Really? You think the loans will be judiciously used? 2 nd  Man:   No, but at our age, that should be our least concern. 1 st  Man:    Why? 2 nd  Man:             That’s the burden of our children and children’s children.   THE above narrative is culled  from NEEARO’S “NO JOKE” cartoon strip published in The Punch Newspaper edition of June 6, 2017. In retrospect, in October 2016, the Minister of Finance, Kemi Adeosun, announced the Federal Government’s plan to borrow $29.96bn for infrastructural development from Multi-lateral Agencies, which include the World Bank...

http://ift.tt/eA8V8J By Fredrick Okopie Lagos —A leading economic expert and former presidential candidate, Mr. Patrick Utomi has called on the Federal Government to embrace youth empowerment as a panacea to the lingering economic problem in the country. He said this in a national launch of YouthCan! an initiative by SOS Children’s Villages in Lagos. According to Utomi, who was the guest speaker at the launch: “ We need to invest more in the youths in this country if we care about tomorrow. Human capital cannot be overemphasized in any economy and as such, our youths in this country are our strengths which the federal government should invest in. The initiative of SOS Children’s Villages Nigeria on YouthCan! is to reduce the looming unemployment facing over 60% of Nigerian youths.” Also speaking at the launch, the Director General of the Budget Office of the Federation, Dr. Ben Akabueze,  represented by his Technical Assistant,  Mr. Yinka Babalola, said that failure of gov...

http://ift.tt/eA8V8J By Chinonso Alozie O werri— The Federal Government has been advised to address the obstacles in gas production in the country  in order to achieve the power generation of 10,000 megawatts. Immediate past Executive Director of Niger Delta Power Holding Company, NDPHC, Mr. Albert Okorogu, stated this, yesterday in Owerri. In his view, the plan by the Minister of Power, Works and Housing to generate 10,000 megawatts   was “feasible” as well as “practicable.” But Okorogu said the major impediment in the sector was  years of  militant attacks on the gas plants in the oil region. According to him, “to talk about the projections of the Minister of Power, Mr Babatunde Fashola, I think it is highly feasible, going by what have been put on ground. It is almost completed. “Also, we have to look into the impediments to having steady supply of electricity as well as other factors that will assist us out of this epileptic power. “This includes gas...

http://ift.tt/eA8V8J By Dennis Agbo E NUGU —Popular commercial transportation company, Peace Mass Transit Limited, PMT, has commenced assemblage of three brands of buses in Enugu. Though 90 per cent of the bus components are imported,  10 per cent of the motor parts are locally fabricated. Conducting newsmen round the assembly plant at Emene-Enugu, yesterday, Chairman and Chief Executive of PMT, Dr. Sam Onyishi, noted that though the plant is not yet completely operational, it has successfully rolled out 100 units of the improved version of Peace Hiace brand of commuter buses that have been tested and confirmed to be as  good, if not better, as the ones assembled overseas. Onyishi, who was represented by the company’s Executive Director of Operations, Mr. Timothy Ugwu, disclosed that PMT injects a minimum of 600 buses into its fleet every year, adding that the new plant is expected to augment the supply need of the company, for a start. He further disclosed that the loca...

http://ift.tt/2sjKEtH By Theodore Opara P AN Nigeria is not leaving anything to chance in its effort to regain its leading position in the nation’s automotive sector. Mr. Ibrahim Boyi, Managing Director of PAN Nigeria, told Vanguard in an interview that a lot of exciting new Peugeot models have been lined up for launch into the Nigerian market. According to him, PAN Nigeria will launch the new Peugeot Pickup, all new 301 and European car of the year, the Peugeot 3008 into the market before the end of the year. The Peugeot Nigeria boss disclosed that the new products to be introduced into the market are all benchmarks in the various segments adding that Peugeot products are currently ruling their various segments across the world. “The 301 is Nigeria car of the year, while the Peugeot 3008 is the current car of the year in Europe,” he noted. On the secret of Peugeots success in Nigeria presently, he said, “we have a good products, quality aftersale network, and spare parts and...