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05/10/2014

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25/09/2014

Gas shortage rather than politics is responsible for the delay in the conclusion of the privatisation of the 10 National Integrated Power Project plants, the Di

09/09/2014

Ajimobi gives N120m interest-free loan to traders, dispels rumours of shop demolition

Governor Abiola Ajimobi of Oyo State has distributed a total sum of N120 million to over 2,500 to traders in the state, with an assurance that his administration will continue to ensure that trading activities are enhanced through government policies, so as to actualize a stable economy of its desire.

The governor, while addressing a mammoth crowd of market men and women at the capacity-filled Lekan Salami Sports Complex, Adamasingba, Ibadan on Wednesday, also seized the occasion to dispel the rumours being peddled by the opposition that his administration had been demolishing shops and other means of livelihood of the people of the state.

According to him, the only structures that his government ever removed were those trading by the roadsides.

Governor Ajimobi, who was assisted in the distributed of cheques by his deputy, Chief Moses Alake Adeyemo, his wife, Mrs. Florence Ajimobi and the Chairman of the State Market Advisory Council, Alhaji Dauda Oladapo, said that the gesture was in fulfillment of his earlier promise to the market men and women, artisans, caterers, traders and indeed the people of the state that his government would positively touch the lives of everyone.

``Trading, as we all know, is the livewire of commerce in any given economy. Our administration is very much aware of this and is doing everything humanly possible to make life better for the people of the state,’’ he said.

It would be recalled that interest-free loans had earlier been given to traders and artisans in the state, the first time ever in the history of the state, one of which was the N20 million given to traders at the newly-constructed Scout Camp Market at Challenge, Ibadan.

On his administration’s urban renewal and environmental sanitation programmes which culminated in the removal of traders from the streets, Governor Ajimobi said it was done to ensure the environmental, health and safety of the people of the state.

``We removed illegal traders only in Ibadan, said to be, before now, the dirtiest city in Nigeria. By removing illegal traders from underneath the bridges and roadsides where there were no toilets, we have reduced the incidence of cholera and communicable diseases to the barest minimum.

``Those trading under high-tension wires were also removed for their own self-safety while flood-prone area traders who were removed have reduced our flood incidences,’’ he said.

The governor, who said that people still sell by the roadsides till today, added that they had only been moved away from deadly road paths.

``Check traders at Bode in Molete up through that stretch of road to Gate area, we never demolished a single shop. We only asked the traders to move from dangerous road-paths to enhance city aesthetics and give even the traders long life,’’ he said.

Governor Ajimobi further stated that his administration also took a step further by instructing all the 11 local government councils in Ibadan to construct at least two neighbourhood markets each, pointing out while many councils had completed the construction of their own markets, others were at advanced stages of completion.

He listed some of the market already constructed by the council chairmen in Ibadan metropolis to include the Oloosaoko Market, Bodija Market, Bode-Igbo Market, Jonku Market, Alesinloye Market, Gbekuba Market, Bode market, Olorunsogo Market and many others.

The governor assured all the traders in the state that government would not rest on its oars in making life better for them, urging them, therefore, to keep on supporting his administration so that dividends of democracy could get to all parts of the state.

He also implored market leaders to ensure that the interest-free loans go round, adding ``our traders must ensure that the loans get to all those who need them, so as to boost their market capabilities.

``The loans are revolving and interest-free. Therefore, it is necessary to make available records of the loans’ disbursement and repayment to the supervising ministry for accountability purposes,’’ the governor said.

09/09/2014

The government’s policy on wheat importation has started yielding tremendous financial benefits as the Federal Government is saving ₦200 billion yearly from the 20 percent cassava substitution for wheat in bread making.

This was recently revealed by the Federal Minister of Agriculture Dr. Akinwunmi Adesina at the inauguration of the Oamsal Cassava Flour Mill in Ayede Ekiti in Ekiti State.

The Minister stated that the agricultural transformation of the Federal Government was to add value to the Agric sector and support Nigerian farmers, as well as the 36 cassava bread bakers in the country so far in achieving their dreams.

Adesina while speaking promised to provide ₦1 million each to 35 Small and Medium Enterprises for infrastructure development, adding that the sum of 3.5 billion had so far been expended on the upgrading of facilities for small and medium scale enterprises to boost the economy and encourage entrepreneurs.

Commenting further he added that the FG is in partnership with research institutes, universities of agriculture and state governments on cassava plantation, as well as the designation of 5,000 hectares of land for cassava plantation to control the price and propel the bakers of cassava bread.

He afterwards enjoined Nigerians to eat more of cassava bread.

The government’s policy on wheat importation has started yielding tremendous financial benefits as the Federal Government is saving ₦200 billion yearly from the 20 percent cassava substitution for wheat in

09/09/2014

With the vision to foster long term socio-economic growth of Nigeria and Kenya through private sector driven investments in agriculture and agribusiness, an agreement was made by the Presidents of both countries for the formation of the Nigeria-Kenya Agribusiness Partnership.

The partnership which has been encouraged by the Nigerian Minister of Agriculture – Dr. Akinwumi Adesina is to serve as a public-private sector institutional platform to help drive investments in agriculture and agribusiness between both countries.

The Nigerian Agribusiness Group – NABG, which has been charged with the responsibility to coordinate and guide the implementation of key objectives and deliverables of the Nigeria-Kenya Agribusiness Partnership Forum is set to arrive Nairobi, Kenya on the 10th of September 2014.

The launch of the forum will promote increased global competitiveness, jobs and wealth creation in Nigeria and Kenya.

With the vision to foster long term socio-economic growth of Nigeria and Kenya through private sector driven investments in agriculture and agribusiness, an agreement was made by the Presidents of

30/08/2014

The Federal Government Friday promised that power supply will be stable in the country by October this year.The Minister of Power, Prof. Chinedu Nebo, disclosed this to State House correspondents at the end of a meeting on power chaired by Vice President Namadi Sambo at the State House, Abuja.

Maintaining that other issues in the electricity value chain are being addressed in the country, he said that power supply has improved in the country in the past one week due to improved gas supply.

He also said the Federal Government is making arrangements to ensure that the bills of electricity generating companies are promptly paid.

He said: “The cheering news from all of these is that if you have noticed throughout the country in the past one week people have been getting better power supply.

“The gas is now beginning to come back and it’s something that gives all of us a lot of joy. And we know that it will continue to grow that way even until December because of some of the facilities, maintenance and repair works on the gas equipment and so on.”

“The gas producers have come to a place where almost all of these are being taken care of and then the new gas we are expecting, we have them trickling in right now.

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28/08/2014

Cocoa shipments from Nigeria’s second-largest grower Cross River halted this week after merchants and the state government disagreed over the payment of an expo...