Day: October 25, 2023

Nigeria Okays Borrowing of $3.4bn Fresh Loan From World Bank

ADEOLA YUSUF

. Country’s Federal Executive Council says facility to boost power, others   The Federal Executive Council, yesterday, accepted a $3.45 billion loan proposal to fund five projects. Projects in the power industry, renewable energy, state resource mobilisation, teenage girls’ initiative for learning and development, and a women’s empowerment project are among them. Wale Edun, Minister of Finance and Coordinating Minister of the Economy, told State House correspondents that the FG will accept the $3.5 billion “zero-interest” loan with a 10-year moratorium, with payments beginning in 2033. “Today at the Federal…

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Amputate Them, Justice Eberechi Wike Advocates Fresh Punishment For Rapists

ADEOLA YUSUF

Justice Wike, who is the wife of the immediate past Rivers State Governor, Nyesom Wike, stated this on Tuesday on the sidelines of the 2nd National Conference of Family Court Judges, Magistrates, and other Family Court Practitioners in Port Harcourt, the state capital. She insisted that the current punishment isn’t drastic enough, adding that the move will deter sexual offenders from molesting minors. According to the judge, society should step up punishments for people who defile children beyond life imprisonment or a 14-year jail term. We should do much more.…

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Why Tinubu Should Declare State of Emergency In Mining Sector

ADEOLA YUSUF

    Vice President of the Manufacturers Association of Nigeria (MAN), South-West Zone, Dr. Kamoru Yusuf is the Chairman Basic Metal, Iron and Steel and Fabricated Metal Products. In this interview with journalists, he speaks on the impending issues, implications and dangers envisaged on the reversal of the 43 items on the prohibition list by the Central Bank of Nigeria, (CBN) as well as the possible solutions. Excerpts;   Genesis of the ban of 43 items by previous administration There is no doubt that the Nigerian economy is facing challenges…

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