News – Page 110 – Democracy Radio

FAAC Shares N1.578trn As March 2025 Allocation

By Oluwakemi Kindness The Federal Government, States and the Local Government Councils have shared the sum of N1.578 trillion, being March 2025 Federation Account Revenue. The revenue was shared at the April 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja;. The total revenue of N1.578 trillion comprised statutory revenue of N931.325 billion, Value Added Tax (VAT) revenue of N 593.750 billion, Electronic Money Transfer Levy (EMTL) revenue of N24.971 billion and Exchange Difference revenue of N28.711 billion. According […]

April 16, 2025 5

21

Economy

We Can Withstand Shocks From Trade War – CBN

By Oluwakemi Kindness The Central Bank of Nigeria, CBN, says it is well prepared to handle the pressure and shocks from the ongoing trade wars between the U.S and China. The Apex bank explained that it is reviewing emerging scenarios to enable it take diligent actions to weather any form of storm that may arise for the country. The Director, Banking Supervision of the CBN, Dr. Olubukola Akinwumi, stated this while delivering a paper on Banking Recapitulation towards a one […]

April 14, 2025 21

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Business

ITF Abolishes Starter-Kits For Graduates Of Artisan Programmes

Oluwakemi Kindness The Industrial Training Fund, has abolished the practice of handing out Starter-packs to graduands of its skills training programs. Rather, the fund says it is exposing them to certification by both local and international awarding bodies to certify them as fit for both the local and international markets. The Director General of ITF, Dr. Afiz Oluwatoyin Ogun made this known in Abuja while briefing newsmen after the Fund completed its latest round of assessment of privately owned Training […]

April 14, 2025 9

4

Business

Chinese Firm To Invest $1bn in Nigeria’s Sugar Industry

Oluwakemi Kindness The National Sugar Development Council (NSDC) has signed a major Memorandum of Understanding (MoU) with SINOMACH, a Chinese conglomerate, for the development of a sugarcane cultivation and processing project capable of producing one million metric tonnes of sugar in the country. The MoU, which is an early fruit of the Nigeria-China Strategic Partnership-an initiative of President Bola Tinubu—has the potential to attract investments of up to one billion dollars into the Nigeria sugar industry. According to the agreement, […]

April 14, 2025 4

Uncategorized

Guinea Unveils $20 Billion Mega Projects, Seeks Nigerian Investment

By Zainab Bakare The Guinean Ambassador to Nigeria, Siaka Cissoko, says Guinea is currently executing mega projects valued at about 20 billion dollars, calling on Nigerian companies to take advantage of the investment opportunities. Ambassador Cissoko made the disclosure while receiving members of the Diplomatic Correspondents Association of Nigeria (DICAN) who paid a courtesy visit to the Guinean Embassy in Abuja. He said, “As I speak to you, there is an ongoing mega multibillion-dollar project in Guinea, about $20bn that […]

April 13, 2025

Uncategorized

Governor Ododo Unveils Mining Equipment as Kogi Secures 15 Mining Licenses

By Chinedu Echianu Kogi State Governor, Ahmed Usman Ododo, has officially unveiled the state’s new mining equipment as he announced the acquisition of fifteen mining license by the Kogi state government. Governor Ododo made the announcement during the official unveiling of the state's new mining equipment at the Muhammadu Buhari Square in Lokoja on Friday. A statement signed by Ismaila Isah, Special Adviser on Media to the Governor said the unveiling of the equipment and acquisition of licenses will officially […]

April 12, 2025

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Uncategorized

US tariffs: Speaker Abbas seeks stronger ties with Asian giant

Oluwakemi Kindness The Speaker of the House of Representatives, Abbas Tajudeen, has called for a stronger bilateral relationship between Nigeria and China, as the United States imposes higher tariffs on foreign commodities. Speaker Abbas, while addressing a delegation from the China People’s Political Consultative Conference (CPPCC) at his office on Friday, cited the Belt and Road Initiative and the Forum on China-Africa Cooperation as viable options for Nigeria following the ongoing global trade war. According to a statement by his […]

April 11, 2025 11

General

Former President Jonathan Wins 2025 Sunhak Peace Prize

By: Bukola Adetinuyo Former President, Dr. Goodluck Ebele Jonathan, has made history once again, becoming first African leader to receive the prestigious 2025 Sunhak Peace Founder’s Prize. The Director-General of the National Institute for Legislative and Democratic Studies (NILDS), Professor Abubakar Sulaiman, in a congratulatory message, describes the award as a fitting recognition of Jonathan’s unwavering commitment to peace and democratic governance. In a statement by the Media Adviser to the DG NILDS, Mohammad Abdulkadri, Prof Sulaiman says “This peace […]

April 11, 2025

Education

Expert Urges Policy Shift to Harness Indigenous Agricultural Practices

By: Bukola Adetinuyo A Professor of Veterinary Medicine and Animal Production at the University of Abuja, Clement Alawa, has issued a strong call for the Nigerian government to overhaul agricultural policies by integrating indigenous knowledge systems into mainstream livestock production frameworks. Delivering the institution’s 46th inaugural lecture titled “Bridging Worlds: Blending Indigenous Knowledge and Modern Practices for Sustainable Livestock Production,” Prof Alawa, argued that Nigeria’s current dependence on imported models is unsustainable and failing to address local realities. “The time […]

April 11, 2025