Northern governors unveil N6 billion regional economic recovery plan

- Six billion naira will be used to serve as a vehicle for northern region’s economic recovery and development

- The NSGF said the initiative was part of the efforts to make the region attain some degree of financial independence

- Governor Shettima said the fund will be contributed by all the 19 northern governors of the region

The northern states Governors’ Forum (NSGF) has created a joint financial institution worth six billion naira to serve as a vehicle for the region’s economic recovery and development.

Governor Kassim Shettima of Borno state and out-going chairman of the forum made this known while highlighting his achievements in the last four years on Friday in Kaduna.

He said the initiative was part of the efforts to make the region attain some degree of financial independence.

He said under the scheme, the region’s moribund textile industry and New Nigeria Development Company (NNDC) would be revived.

Shettima said the fund expected to be contributed by all the 19 northern governors of the region had so far realised 650 million naira.

“In pursuance of these objectives, each state is to contribute N50 million monthly for a period of six months.

“So far, we have N650 million out of the expected N5.7 billion. I am therefore calling on states that are yet to fulfill their pledge, to do so, in order to enable us embark on the implementation of the various programmes and projects articulated under the scheme.

“These include the establishment of a renewable energy plant, capable of generating 3000 – 4000MW of electricity.

“The forum has also taken pragmatic initiatives to resuscitate the New Nigeria Development Company (NNDC) to restore it to its position as the business and economic live-wire of the region,’’ he said.

According to him, about N6 billion was approved by the forum for the implementation of a five-year strategic development plan, which will propel the region into economic prosperity.

“In addition, a new commodity marketing company was established, as a subsidiary of the NNDC, to develop and promote agricultural activities in the region.

“To further consolidate the economic base of the region, the NNDC had signed a memorandum of understanding with Savanna Petroleum Limited for the development of four oil blocks.

“The NNDC has commenced negotiations with the Department of Petroleum Resources (DPR) to venture into oil and gas exploration in the northern region,’’ Shettima said.

He also disclosed plans to resuscitate the Kaduna Textiles Company to full production of textile materials, “which hopefully, would among other things, meet the uniform needs of our Armed Forces and other para-military agencies.“

Shettima said the forum had also resolved the misunderstanding between pensioners and the management of the New Nigerian Newspapers.

Meanwhile, Legit.ng had reported that Governor Simon Lalong was elected as the new chairman of the Northern Governors Forum for another four years.

NAIJ.com (naija.ng) -> Legit.ng We have updated to serve you better

Osinbajo highlights reasons for incessant herdsmen troubles, proffers solution - on Legit TV

Source: Legit.ng

from Nigeria News Today & Breaking Naija News 24/7 | LEGIT.NG http://bit.ly/2Efa6rI
via EDUPEDIA24/7

Nigerian Academy Of Science Inducts First Female President

The Nigerian Academy of Science has inducted a professor of Parasitology/Epidemiology, Ekanem Ikpi Braide, as its 19th President on Thursday. In a statement issued by Oladoyin Odubanjo, the Executive Secretary of the Academy, Braide is the Academy’s first female President in 44 years of existence. It read, “Braide was a member of the national committee that achieved the laudable feat of guinea worm eradication in Nigeria. “She has a rich professional experience as a researcher and an administrator. In July 2010, Professor Braide was honoured by the President of Nigeria with the award of Officer of the Order of the Federal Republic (OFR) for her contribution to disease control in Nigeria. “She was nominated by the Honourable Minister of Health to serve in the Ministerial Expert Advisory Committee on COVID-19 Health Sector Response (MEACoC-HSR). “Professor Braide served as Vice-Chancellor, Cross River University of Technology (CRUTECH) Calabar, Nigeria (2004 to 2009) and as P

NLNG Signs Letter Of Intent On Delayed Gas Expansion Project

The Nigerian Natural Liquefied Gas LTD has signed a letter of intent for the engineering, procurement and construction of its long held up Train Seven project. In a statement released by the company on Wednesday, it said that the $10bn project will be executed by a consortium of Italian firm Saipem, Japan’s Chiyoda and South Korea’s Daewoo. The statement reads, “The project will form part of the investment of over $10bn including the upstream scope of the LNG value chain, thereby boosting the much needed Foreign Direct Investment profile of Nigeria.” Managing Director of NLNG, Tony Atta, said in 2018 that the Final Investment Decision would be made in the fourth quarter of that year. This did not however, materialize. According to the release, the project will have a four to five-year execution time after the signing of the FID. The project is expected to add an extra 8 million tons per annum of gas to the 22 mtpa currently exported by the company. Oil News AddThis :

Former Maritime Agency Boss, Buba Galadima, Accuses AMCON Of Witch-hunt After Property Takeover

A former Director-General of the Nigeria Maritime Agency, Buba Galadima, has accused the Asset Management Corporation of Nigeria of witch-hunt after the agency took possession of his business and assets on Tuesday in Abuja. Galadima, an ardent critic of President Muhammadu Buhari, claimed that he did not borrow money or have unpaid debt with Unity Bank, which lodged a complaint against him and occasioned AMCON’s move on Tuesday. The properties taken over include House No. 15, Addis Ababa Crescent, Wuse Zone 4, Federal Capital Territory, Abuja and House No. 4, Bangui Street, Wuse 2, also in Abuja. Reacting to the situation, Galadima said, “This is an attempt to disgrace and break me down. This is injustice and an attempt to humiliate me. "But I am unbreakable and they can never silence me. They sacked me and over 50 people that sleep in the apartment. "We don’t know where to go. We will remain on the streets. We will remain on the streets until God provi

EDUPEDIA247

Search This Blog