POLITRICKS: Wooing electorate with loan facilities

Ahead of the 2019 general elections, politicians are not leaving any stone unturned as they have started strategising on how to win the hearts of the electorate through different tactics.       At present, some of the public office holders, party leaders and aspirants are strategically wooing the people with gifts and empowerment tools all in their respective bids to get their votes in next year’s elections.   Politricks gathered from multiple sources that a particular politician, who is a special assistant to a serving top public office holder…

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$350m loan: Amosun and the rest of us

The Senate on November 9, 2017 approved the external borrowing plan for the sum of $350 million for the Ogun State development policy operation, from the World Bank. The approval for the foreign loan followed the adoption of the recommendations of its Committee on Local and Foreign Debts chaired by Senator Shehu Sani. The recommendation has it that Ogun State has a low and acceptable debt sustainability level and is therefore eligible to borrow.   It also noted that the state has shown a high degree of prudence in implementing…

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Ekiti increases maternity leave by 4 weeks

Ayodele Fayose

  The Ekiti State Government (EKSG) on Monday announced an increase in the maternity leave period for women in its public service from 12 weeks to 16 weeks. The Permanent Secretary in the State Ministry of Information, Youth and Sports Development, Mr. Kola Ajumobi, said this at a public enlightenment forum in Ado Ekiti, the state capital. He said that the gesture was approved by the state governor, Mr Ayodele  Fayose, as part of his display of love and special regard for the womenfolk in the state. He said it…

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New chair for Trustfund

The Acting Managing Director/ Chief Executive of the Nigeria Social Insurance Trust Fund (NSITF), Mr. Ismail Mohammed Agaka, has been appointed as the chairman, Board of Directors of Trustfund Pensions Limited. Until his appointment as the acting managing director/ chief executive NSITF last February, he was the pioneer general manager, social security development department from September 2015. The new chairman obtained a Bachelor of Science degree in international studies from the Ahmadu Bello University, Zaria in 1983 and a diploma in social security financing from the International Training Centre of…

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Nigeria is not ripe for Diaspora, electronic voting -Rep Garba

Hon. Abubakar Kannaike Garba represents Ilorin East/Ilorin South Federal Constituency of Kwara State and is the Deputy Chairman of the House of Representatives Committee on Works. In this interview with PHILIP NYAM, he speaks on a wide range of issues including the delay in the passage of budget, the problem associated with credit facilities for farmers and SME’s and the use of card reader and electronic voting system in the country   The issue of late passage of the budget has remained an albatross in the country and the 2017…

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FG, Agro dealers bicker over N66bn debt

We ‘ve paid N20bn – Govt We’ve not received a kobo-Dealers There is confusion over the alleged N66 billion debt the Federal Government is reportedly owing the agro dealers and suppliers that participated in the Growth Enhancement Scheme (GES). The Ministry of Agriculture has said that it has paid over N20 billion of the debt to the agro dealers and suppliers that participated in the scheme. Speaking with Sunday Telegraph in a telephone interview, the Director of Agribusiness, Ministry of Agriculture and Rural Development, Engineer Ohiari Badmus Jatto, said that…

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The world’s richest clubs owners in 2017

Steve Ballmer, worth $30 billion: Steve is the world’s richest sports team owner for the third straight year. He bought the Los Angeles Clippers in 2014 for $2 billion in the wake of the Donald Sterling scandal, which rocked the NBA when racially charged comments made by Sterling were made public. The Clippers purchase was 10% of Ballmer’s fortune at the time and many pegged it as an over-pay for a basketball junkie who wanted into the exclusive NBA owners club. Ballmer’s timing was perfect as the league inked a…

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Debt threatens FG’s economic recovery plan

Nigeria’s recently launched Economic Recovery and Growth Plan (ERGP2017-2020) appears to have been generally well received by industry experts. However, the country’s already high debt service ratio in proportion to income, is raising concerns in some quarters about government’s ability to fund the scheme. TONY CHUKWUNYEM writes   Nearly two years after he assumed office, President Muhammadu Buhari last Wednesday, launched what his administration has tagged the Nigeria Economic Recovery and Growth Plan (NERGP2017-2020). Although the event came about a month after the Ministry of Budget and National Planning posted…

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