Vinaora Nivo Slider Vinaora Nivo Slider Vinaora Nivo Slider Vinaora Nivo Slider Vinaora Nivo Slider

Carga Aérea

Servicio eficiente de carga suelta o consolidada. Despachamos semanalmente los días viernes para Venezuela, con entrega de 5 a 7 días. Desde $3,49 x Libra
Leer mas

Carga Marítima

Servicio de bajo costo en el que cliente paga por volumen y no por peso. Despachamos todas las semanas, el tiempo estimado de entrega es entre 4 y 6 semanas. Desde $14 x Pie cúbico
Leer mas

Compras

Servicio de compras para cualquier tipo de mercancía que se ubique en Estados Unidos o Europa, la compramos por usted y se la enviamos para Venezuela
Leer mas

Blog

This is some blog description about this site

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Login
    Login Login form
Lane Como

Lane Como

Lane Como has not set their biography yet

Posted by on in Uncategorized
President Muhammadu Buhari in Guangzhou, China said his government would take urgent steps to restructure Nigeria’s economy by supporting new investments in production, agriculture and mining.

The President, who stated this at a reception in his honour said Nigeria would welcome the support of foreign investors, the Chinese government and local businesses for efforts to diversify the country’s economy.

Other agreements declared and signed during the visit, in accordance with the statement, include a $1billion facility for the establishment of a Hi tech industrial park in Ogun-Guangdong Free Trade Zone in Igbesa, Ogun State.

The statement said that the Ogun-Guangdong Free Trade Zone and CNG (Nigeria) Investment Limited additionally signed an agreement valued at 200million dollars for the construction of two 500MT/day float gasoline facilities.

It further said an agreement, valued at downstream industrial park in Kogi State and $363 million for the establishment of an extensive farm was also announced at the Nigeria-China company forum.

Additionally, agreements experiencing discussions include a $500 million project for a $25 million facility for generation and the provision of television transmission equipment of pre-paid smart meters between Microstar Company Limited and Mojec International Limited.

A statement issued in Abuja by his Senior Special Assistant on Media and Marketing, Mallam Garba Shehu, quoted the President as saying the diversification of the Nigerian market was long overdue, as continuing reliance on crude oil exports had consistently made the economy vulnerable to shocks.

"This time we will be more purposeful. Businesses and the authorities will be involved," Buhari said. In his comments, the Secretary of the Communist Party, who is also the Governor of the Guangdong Province, Mr. Hu Chinhua, pledged that the area would support the execution of all the bilateral agreements reached with the Chinese government during Buhari’s visit.

The statement added that Buhari also seen the Sino-Singapore Knowledge City in Guangzhou, "which showcases advancements by China in medical, science and technological innovations."

The News Agency of Nigeria (NAN) reported Shehu as saying the President has expressed satisfaction with the result of his working visit to China, which he said afforded additional investments to Nigeria exceeding $6billion.

Buhari said the several arrangements concluded with the Chinese would have a huge and positive impact on vital sectors of the Nigerian market, including rail transportation, solid minerals, agriculture, home and power.

"In the power sector, North South Power Company Limited and Sinohydro Corporation Limited signed an agreement valued at $478,657,941.28 million for the construction of 300 megawatts solar power in Shiriro, Niger State."

"In the solid minerals sector, Shanghai Shibang and Granite and Marble Nigeria Limited signed an agreement valued at 55 million dollars for the building and equipping of granite mining plant in Nigeria."

Based on the statement, a total of $1billion would be to be invested in the development of a greenfield expressway for Abuja-Ibadan-Lagos under an arrangement reached by the Infrastructure Bank and Sinohydro Corporation Limited.



According to the statement, about naija news 100 Nigerian businesses and 300 Chinese companies participated in the Nigeria-China business forum, which took place after his v isit was begun by Buhari to China.


Maria Brewer, Deputy Chief of Mission, United State embassy in Nigeria, on Friday said Curve International, an naija news .com latest U.S. business, was targeting 2, 000 jobs for Nigerian girls in the next five years.

Brewer said that the venture was a franchise of a, and made the disclosure at the opening of a fitness centre owned by the business at Zone E, Apo Legislative Quarters, Abuja

She said "Curve Fitness Centre in Abuja creates an opportunity to promote female fitness and well-being" and to reinforce a brand new fitness franchise industry in Nigeria

She said that the centre which began in Lagos would be targeting to start about 200 added centres across the country.

Based on the envoy, the fitness centre created by the business has 7,000 outlets in 94 nations of the world.

She identified personal hygiene, balanced diet and good wholesome lifestyle as panacea.

Guest Speaker Pastor Tunde Bakare, at the occasion, lauded the initiative of the company for setting such center in Abuja.

He urged Nigerians to be creative about what they could add to the world’s economy and think, apart from population.



Previously, Operations Manager Mrs Peace Elimimian, of the centre, had expressed optimism that the center would impact meaningfully on the lives of girls.

She encouraged girls, irrespective of age, to tap into the huge health benefits of the centre.


Mr Ekpo Nta, Chairman Independent Corrupt Practices and other Related Offences Commission (ICPC), has said that Nigerians must conclude to reduce corruption to the barest minimum by eschewing and acting against it.

He stated this on Friday while talking to participants of 21st session of Policy, Strategy and Leadership class of the National Institute of Policy and Strategic Studeis (NIPSS), Kuru, Jos, at the commission's headquarters in Abuja.

Talking on "The Function of ICPC in the War Against Corruption: Mandate, Strategies and Challenges’’, Nta said that corruption was a tremendous challenge that established at all levels and faced the country.

The class that was originated eight years ago by NIPSS is geared toward creating a vital means of getting technocrats involved in policy making for national development.

He said that the threat was a global phenomenon which wasn't confined to Nigeria.

According to him, corruption is more prevalent where there's systemic failure, bad governance and poor value orientation.

He said that though public understanding was the commission was simply participated in prosecuting corrupt government officials on account of the thoughts attached to it, it was focusing on other corrupt practices.

These, he said, contained land management in the Federal Capital Territory (FCT) and the monitoring and execution of specific government policies.

Nta said the commission was presently investigation a state where public resources were transferred into three distinct bank accounts, adding that the details would be made public in due time.

He further said that the commission had so far regained billions of naira in forfeited and cash assets, stressing that it was also conducting study that was systemic in some states in some universities.

He said that the measure followed reported cases of student harassment in some universities in the country.

Nta included that ICPC was also reviewing the nation’s primary health care procedure in collaboration with the National Primary Health Care Development Agency to address its decay through the years.

He stressed that it was regrettable as the legislations appeared to not be helping the problems, that it still continued.

iframe width="640" height="360" src="//www.youtube.com/embed/dzLf-7u0AU4" frameborder="0" allowfullscreen style="float:right;padding:10px 0px 10px 10px;border:0px;">The ICPC leader, therefore, called to review corruption laws in the country to ensure greater operation, efficacy and deterrence.

He also said that inadequate protection of dangers and whistleblowers to officials were some other challenges confronting the commission.

The News Agency of Nigeria (NAN) reports the course participants were drawn from the military, the Authorities and other government agencies.

The 21st session of the class focused on corruption in the country and the indices driving it.


The Minister for Finance, Mrs. Kemi Adeosun, says Nigeria will overcome its economic challenges without taking loan facility from the International Monetary Fund (IMF).

In a statement issued on Saturday in Abuja, Adeosun made the observation at the ongoing Spring Meetings of the IMF-World Bank to why the government has refused to apply for IMF loans.

Signed by the Special Adviser to the Minister on Media, Mr. Festus Akanbi, the statement said the minister expressed optimism that sound fiscal policies and investments would boost Nigeria’s market by 2017.

The statement quoted the minister as saying that Nigeria was adjusting to its new realities by implementing fiscal policies to direct the country back on course for steady growth with a diversified market.

Adeosun insisted because government was already implementing a "cocktail of measures to address the problem that what the state was passing through was surmountable.

"Nigeria is just not ill. The real vulnerability in the Nigerian market is over-dependence on one source of earnings; petroleum.

"We have concluded to develop resilience into the state’s economy to hedge against future oil shocks. This is because dependence on oil brings about laziness and vulnerability.

"So, we are doing a mix of things to diversify our market, with earnings mobilisation to enable sufficient investment in developing the non-petroleum sectors.

"The compelling business case www.naija news.net in Nigeria is that the principles remain quite strong, a teaming, youthful growing population, rich in resources and with a government determined to eventually get it right.

"The amazing thing is that this is recognised by long term investors and comprehend the difference between short term and long term problems and the case for Nigeria convinces one to plan for the longer term chances,’’ the statement quoted her as saying.


Fayose urges China to not allow Nigeria’s $2b loan


The Ekiti State Governor, Ayodele Fayose, has written to the Chinese government seeking the stoppage of the $2 billion loan.

President Muhammadu Buhari’s visit to China this week was to discuss the development of the state’s infrastructure, including a $2 billion loan for railway undertakings.

The letter reads in part: "I write as among the important stakeholders in the project Nigeria, and a governor of certainly one of the federating units making up Nigeria, to draw your attention to report the Federal Government of Nigeria is on the brink of getting a $2 billion loan from the Export-Import Bank of China.

"This $2 billion loan is part of the N1.84 trillion the Federal Government of Nigeria has proposed to borrow to fund the 2016 budget, which will be not yet been signed by the President, Muhammadu Buhari, owing to unending controversies between the Executive and Legislative arms of government."
Hits: 54
0

Posted by on in Uncategorized
President Muhammadu Buhari in Guangzhou, China said his administration would take urgent measures to restructure Nigeria’s market by encouraging new investments in mining, agriculture and manufacturing.

The President, who stated this at a reception in his honour said Nigeria would welcome the support of the Chinese government, foreign investors and local companies for attempts to diversify the nation’s market.

A statement issued in Abuja by his Senior Special Assistant on Media and Publicity, Mallam Garba Shehu, quoted the President as saying the diversification of the Nigerian market was long overdue, as continued reliance on crude oil exports had always made the economy vulnerable to shocks.

"This time we'll be more purposeful. The authorities and companies will be entailed," Buhari said.

The statement included that Buhari also seen the Sino-Singapore Knowledge City in Guangzhou, "which showcases advancements by China in medical, science and technological inventions."

The News Agency of Nigeria (NAN) reported Shehu as saying the President has expressed satisfaction with the result of his working visit to China, which he said afforded additional investments to Nigeria exceeding $6billion.

Buhari said the several agreements concluded with the Chinese would have a positive and tremendous impact on vital sectors of the Nigerian economy, including power, solid minerals, agriculture, housing and rail transportation.

In the solid minerals sector, Granite and Marble Nigeria Limited and Shanghai Shibang signed an agreement valued at 55 million dollars for the building and equipping of granite mining plant in Nigeria."

In accordance with the statement, a total of $1billion would be to be invested in the development of a greenfield expressway for Abuja-Ibadan-Lagos under an arrangement reached by the Infrastructure Bank and Sinohydro Corporation Limited.

Other arrangements signed and declared during the visit, according to the statement, include a $1billion facility for the establishment of a Hi-tech industrial park in Ogun-Guangdong Free Trade Zone in Igbesa, Ogun State.

The statement said the Ogun-Guangdong Free Trade Zone and CNG (Nigeria) Investment Limited also signed an agreement valued at 200million dollars for the construction of two 500MT/day float petrol facilities.

It further said an arrangement, valued at $363 million for the establishment of an extensive farm and downstream industrial park in Kogi State was also declared at the Nigeria-China business forum.

In addition, arrangements getting dialogues include a $500 million project for the supply of television transmission equipment and a $25 million facility for production of pre paid smart meters between Mojec International Limited and Microstar Company Limited.

In accordance with the statement, about 100 Nigerian companies and 300 Chinese firms participated in the Nigeria-China business forum, which took place after Buhari started his v isit to China.


Brewer said the enterprise was a franchise of a, and made the disclosure at the opening of a fitness centre owned by the firm at Zone E, Abuja, Apo Legislative Quarters

She said "Curve Fitness Centre in Abuja creates an opportunity to boost health" and female fitness and to bolster a new fitness franchise industry in Nigeria

She said that the centre which began in Lagos in 2014 would be targeting to open about 200 additional centers across the country.

In accordance with the envoy, the fitness centre created by the company has 7,000 factory outlets in 94 countries of the world.

She identified balanced diet, personal hygiene and great healthy lifestyle as panacea.

Guest Speaker Pastor Tunde Bakare, at the occasion, lauded the initiative of the business for setting such center in Abuja.

He urged Nigerians to be more creative about what they could enhance the world’s economy and think, apart from population.



Before, Operations Manager of the center, Mrs Peace Elimimian, had expressed confidence that the center would impact meaningfully on the lives of women.

She encouraged girls, irrespective of age, to tap into the enormous health benefits of the centre.


The course that was originated eight years ago by NIPSS is targeted at creating a crucial means of getting technocrats associated with policy making for national development.



He said the threat was a global phenomenon which wasn't confined to Nigeria.

According to him, corruption is more common where there is poor value orientation, bad governance and systemic failure.

He stressed that it was regrettable as the legislations seemed not to be helping the dilemmas that in spite of the various legislations against corruption in the nation, it still remained.

The ICPC boss, consequently, called to review corruption laws in the state to ensure efficacy, greater operation and deterrence.

He said that though public awareness was the commission was simply engaged in prosecuting corrupt government officials due to the opinions it was focusing on other corrupt practices.

These, he said, comprised land management in the Federal Capital Territory (FCT) and the monitoring and execution of specific government policies.

Nta said the commission was presently investigation a state where public capital were transferred into three distinct bank accounts, adding the details would be made public in due time.

He further said that the commission had so far recovered billions of naira in forfeited and cash assets, stressing that it was additionally conducting study that was systemic in some states in some universities.

He said the measure followed reported cases of student harassment in some universities in the country.

Nta included that ICPC was also reviewing the country’s primary health care system in collaboration with the National Primary Health Care Development Agency to address its decay over the years.

He also said that inadequate protection of whistleblowers and threats to officials were some other challenges confronting the commission.

The lattest naija news Agency of Nigeria (NAN) reports the class participants were drawn in the military, the Police and other government agencies.

The 21st session of the class focused on corruption in the country and the indices driving it.


The Minister for Finance, Mrs. Kemi Adeosun, says Nigeria will overcome its economic challenges without taking loan facility from the International Monetary Fund (IMF).

In a statement issued on Saturday in Abuja, the observation was made by Adeosun at the ongoing Spring Meetings of the IMF-World Bank in Washington DC in response to the government has refused to apply for IMF loans.



The statement quoted the minister as saying by executing fiscal policies to direct the country back on track for stable growth with a diversified market that Nigeria was adapting to its new realities.

Adeosun insisted because government was already employing a "cocktail of measures to address the issue that what the nation was passing through was not insurmountable.

"Nigeria is not sick. The real vulnerability in the Nigerian market is over-dependence on just one source of earnings; oil.

"We have concluded to develop resilience into the state’s market to hedge against future oil shocks. It is because dependence on oil brings about vulnerability and laziness.

"So, we are doing a mix of things to diversify our market, with revenue mobilisation to enable sufficient investment in developing the non-petroleum sectors.

" we've opportunities that are amazing to reset the Nigerian economy and ensure that as we go forward, growth will be in a sustainable manner so that we wo’t be vulnerable to oil price fluctuations.’’

Adeosun said with a diversified economy the authorities would have enabled chances for wealth creation that would have flown down to every Nigerian.

The compelling business case in Nigeria is that the principles remain quite strong, youthful growing population, a teaming, rich in resources and with a government determined to eventually get it right.

The great thing is that long term investors understand the difference between short term and long term problems and recognise this and the case for Nigeria convinces one to plan for the longer term opportunities,’’ the statement quoted her as saying.


Fayose urges China not to allow $2b loan to Nigeria’s


Ayodele Fayose, the Ekiti State Governor, has written to the Chinese government seeking the stoppage of the $2 billion loan.

President Muhammadu Buhari’s visit to China this week was to discuss the development of the nation’s infrastructure.

But Fayose said in his letter to President Xi Jinping of China: "The government of China should be mindful of the fact that Nigerians, irrespective of their political and spiritual affiliations, are entirely opposed to increment of the nation’s debt burden, which can be already being serviced with 25 per cent of the Federal Government yearly budget."

The letter reads in part: "I write as one of the important stakeholders in the project Nigeria, and a governor of one among the federating units making up Nigeria, to draw your attention to report the Federal Government of Nigeria is on the verge of obtaining a $2 billion loan in the Export-Import Bank of China.

"This $2 billion loan is part of the N1.84 trillion the Federal Government of Nigeria has proposed to borrow to fund the 2016 budget, which will be not yet been signed by the President, Muhammadu Buhari, owing to unending controversies between the Executive and Legislative arms of authorities."
Hits: 0
0

Posted by on in Uncategorized
My Dear Naija Youths,

For some people, water don pass garri. For many of us, we're stuck in this wilderness with no spot to go, no hope for tomorrow. Me, AreaFada, I know what we all are going through right now. Eyes dey see Reddish. The question many are asking is Where's the change promised us? Really, my men, these are crazy times, and most of us are about to snarl. I dey feel una expire. I understand your pain, your hopelessness in an environment that's promised so much but delivered so little; with most of our senseless riffraffs called leaders still walking around shamelessly as overlords, masters and owners of the acreage. Una cup don total.

How many of us dey look for jobs wey no dey? See how consistent frustration and stagnation dey destroy many people! What about the ones who've panned all the good they know dwells in them to become what they themselves dont know because it is now a lethal rat race and guy must live? I signify you all in this Naija wilds, filled with so much wickedness. I must confess, I have had periods of lengthy self-pity, sometimes I've felt fooled by this nation, a few other times I 've wished I was still at the prime of my youth so I could take out some of those people who have sold our future. Na God go punish dem.

I see how so many people have lost faith in this nation, with many more certain that there can be no chance of a turnaround, because they see Naija as a lost case. The ones that have power and are in power are way too comfortable to see the pain of people who endure, and those who suffer have no power to speak the truth to power. On one hand are those corrupted by power, and on the other are those corrupted by weakness and irrational fear. Oh Naija! Which way?

However critical our situation is, it truly is time for the extraordinary Nigerian youth to rescue us, as no nation ever develops without breaking far from the clutches of sycophants, mediocrity and narrow minded mindsets.

Stand tall even when you've got no reason to stand.

However awful things are, I still see rays of light, with the narratives of youngsters like Akeem Adeyemo who went to graduate with best overall effect after encountering multitudes of challenges academically, socially and financially, Ade I hail.

See Adeyemos full story and images here.

Susan God will always bless your hustle. See her complete story and images here

It's well, weather dem like am or not.

A brand new music reality TV show is set to reward true talents in Nigeria.

Tagged Naija Hall of Fame Africa (NHFA), the reality show packaged by Fixit Entertainment will kick off this month, March 2016 with the aim of changing the face of music in Nigeria.

Based on the organiser Emeka Godfrey, the reasons for the music reality TV show is to provide a platform for young, aspiring entertainers to exploit their potentials.
The show promises a blend of amusement and imagination while providing new music concepts, contents, and road sense flavoured with fashion, dance steps, beats and a lot more. The notion behind this is to discover and develop new African abilities.
In the coming days, celebrity guests and judges for the show are anticipated to be formally announced.

The Lagos state government on Tuesday closed down a brand new lotto firm, Naija Lottery, for running without an operating permit and legal permits in the state.

The combined team arrived at the Naija Lottery office located in Jibowu region of Lagos state and proceeded to seal up the business which, they asserted, was operating illegally in Lagos state.
Initially the law enforcers faced a bit of resistance from the security guards and an officer of the business who attempted to stop them from getting entry to the premises.
Eventually, another staff member of the firm interceded, and the LSBS team was permitted to conduct their enforcement obligation.

Meanwhile a senior staff of Naija Lottery, only identified as George, promised the company was duly managing under the law of Nigeria and had procured a license in the National Lottery Regulatory Commission which, he said, guarantees their services and lotto actions in any area of Nigeria.
Umaren countered the claims, saying the company had neglected to create a license in the Lagos states regulatory board, which he said is the demand of the law of the state before the commencement of a lotto business or any enterprise that is certainly game-connected.
He added that anything contrary to the fulfillment of such requirement is a violation of the law and prohibited.

Kenyan women love foreign guys. That is an open secret. The further a man is from Kenya, the better.

Tanzania and Uganda is not foreign. Nigeria and anywhere in West Africa is.



But foreign men think Kenyan girls are cheapskates.

Consider this example. A month ago, a video featuring a half-naked Kenyan girl dancing seductively for a guy with a significant Nigerian emphasis (who could only be heard in the background) went viral.

Shiro, the dancing queen, was dropping it like its hot, trembling what her mother gave her to the delight of her guy who couldnt hide his excitement.



Remember the controversial Nairobi-based Nigerian businessman Anthony Chinedu?

I have never heard of a Kenyan man marrying a Nigerian...

This led to a discussion pegged on why Kenyan girls fall head over heels for Nigerian men.

This writer spent a day or two in Nigeria which gave her an opportunity to detect the Naija brodas, some of whom pointedly held that its cheaper to maintain a Kenyan girl than the usual news naija .com one.

But are Kenyan girls really affordable in the eyes of foreign men? Possibly, if you ask those Nigerian brodas our sisters adore to bits. And this is why they're cheap according to the Ogas:

They are simple chips funga

For most Nigerian men, wooing their women is a ceremony.

You see, a Kenyan woman is completely different. It's possible for you to meet in a club and end up with her in your house without the expectations. Naija girls, on the other hand, expect you to bring down paradises for them. You might even find yourself purchasing a house for her before you're able to take her to bed, promised Damilola.

Desperate for affordable beer

While Kenyan girls easily drown bottles of stouts (without mixing with pop), a Nigerian will only swill stout drinks at her local. The moment a Nigerian mama saunters into a club, there is guy already ordering drinks for her. And its that dark and bitter engine oil.

Diana Bada, a Russia-born Nigerian musician, who was in Kenya for a month agrees that Kenyan girls are, indeed, distinct.

In Nigeria, its practically apparent that women dont spend girls in a nightclub. Our men take care of us and thats their obligation. It does not always mean that you will go home and sleep with him.

Diana says that she was shocked to see her pal panic when one among their Nigerian friends offered to drop them home.



We went to eat at a Nigerian restaurant and it turned out the owners understood my pal. They consequently offered us a car to drop us dwelling and save us taxi cash. We were even given clothing by the people who also possess a trend house. My friend almost had a heart attack believing the guy wanted more. It took a lot of convincing for her to realise that thats how women are treated in Nigeria, Diana told The Nairobian.

Sponsor mindset

Socialites have single handedly convinced young girls that there's good life in Nigeria. The truth is, now most local girls are posing nude online, displaying their butts trusting someone in Lagos will take note and fly them outside.

Nigerian musician, General Pipe, asserts its not always as rosy as it appears in Nigeria, but is shocked at the lengths Kenyan girls go just to tote a Nigerian man.

I understand one Kenyan socialite whose first visit to Nigeria was disastrous. She nearly slept on the roads, but was saved by a fellow Kenyan. She spent the remainder of her days cosying up with any man with a fine footwear. Naija smashers can make you pay for his or her flight to your own nation and not show up because they're going to somehow discover a way to sell the ticket!

They adore to chop, chop about

Kenyan women believe its a badge of honour to sleep with a foreigner after understanding their surname.

It was a convention for Nigerian and Kenyan teachers and we were staying at a high-end hotel near Valley Road in Nairobi. I noticed that our Kenyan female counterparts were sharing rooms with our Nigerian male colleagues only two days after we met. I understand a few of these guys are wed back at home, so this actually came as a shocker. Im not saying that we have been perfect, perhaps we have been simply challenging, said Folorunsho.

They have low self esteem

Kenyan girls are not as confident as their Naija counterparts. Kenyan lasses are also more reserved. Olamide Ojuon, a Nairobi-based gym instructor, says he'd date a Kenyan girl, but never wed one. I just feel that Kenyan girls aren't confident. I wish I could demonstrate the messages I get from girls I have broken up with and how they react.

They always ask where they went wrong. If a woman is confident, she should know that she's delightful and a guy who leaves her is the loser. I'd like an aggressive woman. I'd like to chase someone so after I get them, I wont want to lose them. Perhaps I will only find that back home, he said.

They've been willing breadwinners

A never-do-well Nigerian man can locate a nearby lass who can take care of his invoices, but for Nigerian women, that's a no-no. A guy should provide for you, your family and friends if possible, reasons Chike Adobi. Thats his responsibility. For a Naija babe to get with a guy, he must be willing to chop cash. Isnt that the same in Kenya? No romance without finance, right? she inquired, but things are not the same here for some women who are willing breadwinners.

Kenyan girls wed anyone

Apart from several instances of powerful families, Kenyan girls readily get married to whoever they fantasy and her family simply get to know when she's three children who are about to register as voters! a

But when a Naija girl shows interest in a man, her family starts studying his background.

Union in Nigeria is a very big deal and thats why women and guys dont run into it. When a girl shows interest in a man, the household starts snooping merely to discover his background. Thats why Naija girls are extremely choosy, Nigerian musician Flavor told The Nairobian in a previous interview to describe why he was still single.

The Minister of State for Industry, Commerce and Investment, Hajia Aisha Abubakar, on Friday in Abuja said the ministry would soon start a national to encourage Nigerians to patronise made-in Nigieria merchandises.
The campaign is tagged, Patronise Naija Products.

Signified by the Permanent Secretary in the ministry, Mr Aminu Bisala, the minister lauded the partnership deal directed at fostering local production of leathers and other footwear products.

This venture is really commendable and there's no reason why it cannot be supported.

Already, the ministry is furthering the effort for made-in-Nigeria products, for us in Nigeria to use up what we create and produce what we consume, as well as go beyond that to export.

We've the folks, we've the brain, we now have the resources, and so there is nothing preventing us. As a country we're pleased with our commodities, we're proud of our products.

It really is for the producers to ensure quality. The average Nigerian desires value for money and that's why perhaps in the past you find them patronising even substandard foreign goods with the thinking they are getting quality.

So, this can be a laudable endeavor, and along with the Patronise Naija Products campaign, which we're going to launch very shortly; we will support all similar initiatives not only in shoe production, but in every area of SMEs (small and medium enterprises).

That is certainly the nature of the government, we are going to be sure the patronage of made in Nigeria products with all the patriotism of Nigerians that it deserves.

So, I commend you, and the foreign associate, it really is an extremely welcome development. So, we expect in no distant future, we shall not only be providing the national market but also the West African market and even to South Africa.

Okonkwo listed the economic gains for the nation to include job opportunities for Nigerians and local work force development in mechanised shoe production.

He expressed his readiness to partner with curious state governments in establishing shoe factories within their domain names and training their indigenes in the art for economical development.

Chunderlal, however, said that with the partnership, the situation would soon be rescinded for the overall development of the countries economy.

As they say in these climes, every cloud has a silver lining. The evil believe that Naija is at its lowest under the Canji government. The Naira is not likely to recover in the mortal wounds inflicted the pound sterling, by the pugilistically Special American dollar, the Euro as nicely as the Chinese Yuan. Too many setbacks for one Money that's youthful.

In Naija, we do in what could be helped, we innovate t whine. As Images in the UTC Shopping Complex in Abuja testifies we may not be doing our Environment any good, but we were in the front row at the last Climate Change convention in Paris. Give thanks! A thinking state would have summoned the store owners to purchase one Big power set or install solar panels but thinking is a challenging job that pays dividends which were little.

Early in the year when the tight foreign exchange was reserved by Sai Baba some industrialists whined as they Would not manage to source for the raw materials at black market speed might shut down. It was an empty threat - they're living merely by improvising. Without disturbing the Central Bank parents, including state governments training pupils abroad have found ingenious means of Fitting school fees.
Authorities houses would rather starve workers or run without commissioners than reduce their governors convoy. To their own workers, most governors appealed on May Day to be composed and considerate. They even dressed down for a few hours and brazed the scorching sun to take solidarity salute. It's one of the sacrifices they make for their self preservation. State assemblies have displayed come-raid comprehension.

Attempt Venezuela for size if you believe Naija is pledge. Did I recall that? Well, one beautiful October morning in 2010, the late Dora Akunyili appealed with Naija refineries to Venezuela for help. Diplomatic caution threw and took Naija to the cleaners. He gloated about how its oil resources have been handled by Venezuela by investing in free education, wellness and improving social infrastructure. Years after, Hugo Chavez its president perished seeking help from Cuban doctors. It turned out; Arundeli was being economic with the truth, which is common in diplomacy.
Venezuelan workers and citizens transferred their clock one hour forward to Preserve on electricity while Naija NLC officials were singing songs in churches. Of course, Nicolas Maduro, Venezuelas new president Traits his States energy Disaster. Seemingly schools, which now run four days a week have been also changed by the drought. It changed malls now mandated to open for half their normal hours and to produce their own electricity. Apparently in Venezuela, vital commodities in addition has Influenced as citizens now spend seven hours to purchase milk soaps and toilet toilet paper - blame the drought, blame America.
So, for all the Issue of naija update news today, here is a frank reason why Ndoma Udo Udoma and Kemi Adeosun should send a message to their pastors to organize a thanksgiving service. Raji Fashola should Discuss to his Imam. The Naija Marketplace is terrible, but we haven't reduced the amount of cars in the presidents convoy nor do we have plans to auction airplanes from your air fleet that is presidential.

Some states might not have paid their workers wages but not Edo. Recently, Edo bonded a $75 million development loan from the World Bank to pilot development, create employment and generate Income. I 'm not sad to Inform that it's yielding dividends although Edolites mightn't comprehend the procedure by which the magic works. As he approaches the eve of his come-raid departure, Oshio Baba has declared an Eldorado for Edo workers - a N25,000 minimum wage.
Since paying wages is a monumental accomplishment in Naija, Edo isn't alone; some governors have found Apt means of satisfying that yearning. Cross-Rivers Governor Ayade, accused of running his state from abroad (as if That is an offense) has got his critics eat their own tongues. He Arranged for banks to make certain they got the alarm for their May wages while observing May Day with them. This may be the first hint that Cross Rivers would be paying wages ahead of time. This is another exportable commodity that can benefit Caracas. In case he hast been paid his wages, he should Take his pride and talk to Kemi Adeosun!
Hits: 63
0

Posted by on in Uncategorized
latest naija news update seeks budget support

CBN says forex restriction policy already paying off

From Washington, the headquarters of the Breton Woods multilateral institutions the International Monetary Fund (IMF) and the World Bank in America came compliments for Nigerias economic recovery programme, according to the Finance Minister, Mrs. Kemi Adeosun.

The commendation is even as the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, said yesterday that the countrys foreign exchange restriction policy has begun to pay off with some producers of some imported goods indicating interest to start manufacturing in Nigeria instead of overseas tasks due to the high cost of imported products occasioned by the policy.

The two key government officials made the revelations in Washington DC, United States (U.S.) at a press briefing as part of actions of this years Spring Assembly.

The minister spoke on the gains of this years Spring Assembly and the several bilateral meetings held between Nigeria and her partners.

Her words: The gains are various and significant for the Nigerian government. At least, we were able to network with our colleagues, other ministers of finance of the G-7 nations and the G24 states and compared notes and their experiences. I believe this strengthens the validation the course we have chosen to restructure Nigeria is the correct one.

We got many endorsements and the direction in which we seek to take the Naija economy. Particularly, we held bilateral meetings with special bilateral agencies, such as the Islamic Development Bank where we have agreed to work together on a micro-finance scheme for girls; the Japanese development agency where we've agreed to work jointly on power projects and they've agreed to make substantial investments in the area of power which I think will be very beneficial for Naija and the IFC. Likewise, we had a meeting with them this morning (yesterday), again referring to investment in power and some of our banks to shore up their locations and similarly the ADfB on agreements for investments in agriculture and collaborations in a variety of initiatives that would help us to diversify the economy.

Similarly, we'd talks with the World Bank around our budget support request and we happen to be able to have quite productive meetings to comprehend what the next steps are in the process and we're quite favorable of a great result.

In his remarks, the CBN Governor, Godwin Emefiele, spoke on the various monetary policy measures of the authorities to improve productivity at all levels of best naija news the economy, adding that both in the medium and long terms, the various policies, including the currency policy regime, are bound to arouse the economy.

According to him, in furtherance of its statutory mandate, the apex bank can also be focusing more to expand giving to vital sectors such as agriculture, mining and production, including that some of the immediate gains of the fiscal and monetary policies are the increasing foreign investments in the market.


Divided stakeholders say policy may ease business, stifle local businesses

For varied stakeholders in the economy, the Federal Governments recent currency swap deal with China holds both bright prospects and grave implications for Nigeria even as the naira inched up against the dollar at the weekend at the parallel market.

During his official trip to the worlds second biggest economy, President Muhammadu Buhari reached a naira and yuan swap deal, scripted to ease trade trades between both states, devoid of present exchange challenges with the United State dollar.

Besides, the deal, according to Presidency sources, has the potenrial of shoring up the worth of the nations money, in the forex market, through a concomitant emergent bidding scheme, with strategic reduced interest in dollar and other major currencies, apart from the yuan.

The currency swap deal consists of an agreement between two central banks, at least one of which must be an international currency issuer, to swap their monies. The central banks party to the swap transaction can give the proceeds of the swap, against collaterals they deem adequate, to the commercial banks within their authority, to provide them with temporary liquidity in a foreign currency.

But pessimists pointed out the swap deal was not consummated between both nations apex banks but between Central Bank of Nigeria (CBN) and Chinas ICBC- the worlds biggest lender by total assets and market capitalisation. While this may not change the aims of the swap deal at all, it raises some fundamental sovereign issues, based on an analyst who spoke on condition of anonymity.

The Managing Director/Chief Executive Officer of Cowrie Investment Limited, Johnson Chukwu described the currency swap scheme would address , on a short-term basis, the current liquidity challenge in the states foreign exchange market.

He said: I believe that Nigerias overriding objective for the currency swap is to address short term foreign currency liquidity challenges that has led to CBNs inability to meet foreign currency demands. With the currency swap, based on the worth, a significant portion of Nigerias import bills from China would now be denominated and settled in yuan, therefore reducing the demand for dollar by Nigerias importers.

Nonetheless, he pointed out that the major draw back to the currency swap policy is an unrestricted access to yuan, at an overvalued naira exchange rate, if the N30/RMB is the predetermined exchange rate, will certainly support importation and stifle local production of goods.

It is suggested that the Government should try and incorporate a strategy much like that of the cement business policy, which would necessitate some of the imports from China to be created locally after a defined timeline, especially if Nigeria has comparative making advantage for such products. Examples that can easily come to mind include fabrics, plastics, ceramics, among others.

He clarified the gain of inclusion of Chinese Yuan within Nigerian reserve currency was done about five years ago by the immediate past CBN governor, mainly to diversify the reservation and reduce the currency risk associated with the U.S. dollar.

That action was taken at a time when the U.S. economy was especially vulnerable due to the weakness of their economy after the global financial crises activated by sub-prime mortgage.

In his reaction, the National President, National Palm Produce Association of Nigeria (NPPAN), Henry Olatujoye, welcomed the currency swap deal, describing it as an incredible measure that would significantly reduce the raising pressure on the U.S. dollar, which has gone haywire in the foreign exchange market.

According to Olatujoye , the conclusion has the ability of bringing double investment to the nation from China on one hand and from the U.S. on the other.

The NPPAN president allayed any fear that the conclusion could result in the higher importation of Chinese goods into naija entertainment news, citing the economic competition or money war between China and America.

He, however, expressed the concern that European nations may not be well disposed to it because it's with the capacity of adversely affecting their trade balance with Nigeria, warning which their stakeholders could frustrate the move.

The Chairman, Mobile Software Solution, Chris Uwaje, believed the naira to yuan swap agreement should reduce the pressure on the naira if properly executed.

According to him, the agreement if it becomes a reality, means the de facto currency, dollar , will no longer hold on the import and export deals between Nigeria and China.

Uwaje continued: We dont must use dollar to pay because its going to be more expensive, we pay with yuan. By so doing we prevent every type of round tripping.

Uwaje urged Buharis economical team to see the way the country can really leverage on the technology prowess of China for Nigeria to achieve a sustainable market.

Based on Gbade Buraimoh, a Lagos-based financial expert, the quest for dollar through banks will undoubtedly reduce, as all trades between Naija and China will maintain yuan rather than dollar.

He observed that oil sales from Nigeria to China would be settled in Chinese currency, stressing that accessibility to yuan would also be easier.

The swap will remove challenges originating from transactions with the dollar and boost company flexibility between Nigerian and Chinese, Buraimoh clarified.

The Director-General of Lagos Chamber of Commerce and Industry, Muda Yusuf concurred the swap deal would smoothen the payment system in the bilateral trade between both states but stressed that it might not really reinforce the naira in the currency marketplace, as the state would have to enhance its productive base to attain that.

An Abuja-based international affairs and diplomacy expert, Kadiri Abdulrahman, seen the currency swap deal as a confident move towards enriching the value of the naira, therefore improving accessibility to cheaper foreign exchange, in favour of members of the business community.

The Director- General of the African Affairs Department of Chinas Foreign Ministry, Lin Songtian told reporters in Beijing after the agreement was signed by the Governors of Nigerias Central bank and the Industrial and Commercial Bank of China Ltd. (ICBC) that the Renminbi (yuan) is free to flow among different banks in Nigeria and has been comprised in the foreign exchange reserves of Nigeria.

Nigeria is not the first nation that China would enter into such an arrangement with. The Asian powerhouse has multiple year currency swap agreements of the Renminbi with Argentina, Belarus, Brazil, Hong Kong, Iceland, Indonesia, Malaysia,Singapore, South Korea, United Kingdom and Uzbekistan.

According to the Peoples Bank of China (PBoC), those swap agreements were intended not only to stabilise the international financial market, but also to ease bilateral trade and investment.

Meanwhile, the benefit of the currency swap deal and other understandings reached in Beijing during Buharis excursion to the Far East Asia country has rubbed off on the aviation sector, as a Nigerian carrier, Air Peace declared that it would shortly commence scheduled flight to China from Enugu.

Chairman of Air Peace, Allen Onyema revealed at the Enugu Economical Summit the airline was made Nigerias official flag carrier for the route.

According to him, with the likely ease on the pressure on the dollar, it'd bring down the value of the dollar in relation to the naira, which he said would now make it possible for American investors to put money into the Nigerian market again.

In his perspective, the current high rate of the dollar in Nigeria had in recent months deterred American and Western investors in the Nigerian economy.

The authorities and the flying people created a yearning opening, all the deals in this country are tipped to one side, the foreign airlines, but this government of Muhammadu Buhari has started to do things differently recognising the local airlines and seeing that in Air Peace there will be a lot of quality, in order that they decided to give us when we implemented it didnt take time before they gave it to us, said Onyema.


The United Kingdom is entirely behind President Muhammadu Buhari in the continuing attempts by his administration to rid Naija of corruption, its Minister for International Development, Nick Hurd, has assured.

Hurd told the News Agency of Nigeria (NAN) in Abuja yesterday that fighting corruption was crucial to transforming the countrys future.

We have been quite active in supporting President Muhammadu Buhari's campaign against corruption in Nigeria and we believe it is essential to transform the future of the country.

We fully support priorities that the President has given to tackling corruption in Nigeria.

We feel that corruption is definitely the right priority and we want to support him in that, he added.

The minister encouraged the Government to focus on public sector reforms aimed at making corruption unattractive to workers and people.

Meanwhile, the son of former premier of previous Western Region and erstwhile chieftain of the Peoples Democratic Party (PDP), Chief Niyi Adegbenro, has backed the foreign trips embarked upon by the President, saying such international engagement was needed to reposition the countries economy.

Adegbenro, who has now cease partisan politics, told reporters at the weekend in Abeokuta, Ogun State that ongoing moves by Buhari and the Central Bank of Nigeria (CBN) to revive the nations economy need wholesale support.

He described as unwarranted the criticisms against the journeys, remembering that former President Olusegun Obasanjo embarked on similar trips in the early period of his government which led to the successful debt relief for the country.

Adegbenro said the Presidents international involvement was in Nigerias best interest, adding that he was confident that it would shortly give positive outcomes.

Let's give Buhari the opportunity as far as I am concerned. I 'm not saying he's a messiah, but he's a redeemer.


He added: "They do have the power to modify it, but once they do it, they desire the understanding of the President." It is not they merely shift it anyway they wish and just that something was brought by him; the President is entitled to propose a budget, which should not be tampered with."

"But the most important thing is that if there are things they would like to propose in the budget, they have to get the comprehension of the Executive arm.

"The National Assembly does’t need to feel that because they will have the power to appropriate, they can appropriate anyway." Yadudu, who was legal adviser to former military Head of State, the late Gen. Sani Abacha, noted that non-passage of the budget could send the wrong signal to Nigerians, who have been at the receiving end of economic crisis in recent times.

He stated: "It is not easy to say thus if the problem of padding needs to do with pursuance of self-centered agenda of the National Assembly members."

"All I know is it is a collaborative effort between the Legislature and the Executive arms and that they have the power to proper, but the initiative is that of the Executive.

"To be honest with you, I do’t know what exactly is the problem now, but I know that the National Assembly has the power to appropriate and when they submit the budget for the assent of the President, he is entitled to veto it or to approve it. There must be a combined effort between the two arms of government."

According to him: "There's no doubt about the fact the National Assembly has the power. And when they appropriate, obviously, they must get it done in collaboration.

"Whatever they proper will need to maintain the form of the Appropriation Act. And as an Act of the National Assembly, it needs the assent of the President in order for it to become law. "So, it truly is a collaborative effort between the Legislative arms and the Executive."

"Non- passage of the budget can send a wrong signal, but that is not initially the budget has gone up without passage to the month of April or May. If it is passed by them it sends the right signal and everything would follow what exactly is found in the Appropriation Act."


Wali, who made this known while talking alone with The Guardian in Abuja, said that more Nigerians must adopt the production sector of the market. "Nigeria’s production sector has great potentials to lead to increased earnings for the country, particularly when trade is eased with good transportation system. Nigerians should embrace this sector he said.

Attesting to the dominance of made -in-Nigerian home commodities in neighboring West African countries and in Central African Republic, Wali said vast bulk of household and vital commodities sold in those regions are made in Nigeria. According to him, the variety of products made in Nigeria but loving large patronage in other African countries include cement, toiletries, noodles,beauty products,dairy products,textiles,pharmaceuticals,foot wears, plastic seats, among many others made locally in the state. He said: you may be amazed to find out that a good quantity of manufactured products sold in their own markets are products proudly made in Nigeria "If you go to Central Africa, even up to most nations in the West African area.

The bank leader stressed that manufacturing of goods, sale or distribution in the country and within the sub region prevents capital flight. He added that it also encourages regional trade and offer employment opportunities to various degrees of unskilled and skilled workers.

I was recently for instance in Congo, and what I saw was so astonishing. You name it, the indomie noodles, sugar,salt, plastics pharmaceuticals products that are made here in Nigeria were on sale everywhere in their markets."
Hits: 63
0