Lake Chad: FG inaugurates National Committee for region recovery

Acting on climate is money demanding

The Federal Government on Monday inaugurated a National Steering Committee for the restructured Multi-sectoral Crisis Recovery Project (MCRP) currently being implemented in Borno, Adamawa and Yobe States. Inaugurating the committee, Hajiya Sadiya Farouq, Minister of Humanitarian Affairs, Disaster Management and Social Development, said that the project would mark an important milestone to kick-start activities towards the effective implementation of the MCRP Lake Chad Region Recovery and Development Project (PROLAC). She said that the PROLAC which is a World Bank Project intended to support recovery and development of the Lake Chad…

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Presidential Air Fleet: Sell Planes to reduce Nigeria’s Debt Burden – Atiku

Former Vice President, Alhaji Atiku Abubakar has asked the federal government to sell some of the planes in its Presidential Air Fleet to cushion Nigeria’s rising debt profile. Atiku, who was expressing his surprise at Nigeria’s First Quarter 2020 financial reports in the Medium Term Expenditure Framework and Fiscal Strategy from the Federal Ministry of Finance, Budget, and National Planning on Monday said: “Nigeria must sell those planes and channel the revenue to other vital areas of need while taking additional steps to reduce the cost of running our government.”…

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Power Privatization: Senate Queries N1.8 trillion Spend by FG

The Nigerian Senate commenced an investigation into the privatization of the power sector agreement in 2013 saying N1.8 trillion spent so far by the federal government has not yielded expected results. The Senate President, Dr Ahmed Lawan who declared open the Senate Investigative Public Hearing on the Power Sector Recovery Plan disclosed this on Monday. According to public analysts, Nigerian power sector failure is responsible for the slow pace of development and the incessant power supply is causing the country to lose its scare resources on many fronts. Dr Lawan…

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