Six fighter jets to arrive in August —Emefiele punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.
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Sami Olatunji and Amarachi Orjiude
Published 19 May 2021
Published 19 May 2021
Financial analysts have urged the Federal Government to come up with relevant policies to combat insecurity in order to provide an enabling environment for investors.
A financial analyst, Dr Samuel Nzekwe, said lack of infrastructure, embezzlement, and corruption are chasing investors away from the country.
“The cost of governance is so high, consuming all the money the government could have used to develop infrastructure.
“Within a government agency, you’ll see a PA to a minister and that PA will have a PA and the trend continues. In essence, there is a lot of duplication of offices, or positions, unnecessary duplications.
NCC promises to transform communities with ICT punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.
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Amarachi Orjiude and Sami Olatunji, Abuja
Published 13 May 2021
Published 13 May 2021
A data consulting firm, StatiSense, has said that the rate of food inflation in Nigeria is at its worst under the regime of the President, Major General Muhammadu Buhari (retd.), when compared to previous administrations.
The firm said this on its Twitter handle, @StatiSense, on Tuesday based on statistics by the National Bureau of Statistics.
A recent report by the NBC showed that the year-on-year, food inflation rate was at 22.95 per cent as of March, which is the highest since October 2005 (almost 15½ years).
The report further detailed the pattern of food inflation since 1999, which showed that food inflation rate in the country had grown by 1,083 per cent in about 22 years.
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Sami Olatunji, Abuja
Sami Olatunji, Abuja
Published 9 May 2021
The Director-General of the Lagos Chamber of Commerce and Industry, Muda Yusuf, says Nigeria’s debt profile is unsustainable.
Yusuf said this in an interview with Channels TV.
The video of the interview was posted on the television station’s YouTube channel on Sunday.
According to Yusuf, Nigerians should be worried about the level of accumulated debt as it appears the nation lacks the capacity to service the debt.
He said, “We should be worried, particularly from the point of view of the capacity to service the debt.
“In 2020, for instance, debt servicing to revenue was close to 80%. In the current budget, the 2021 budget, the debt service provision was about N3.2 trillion. This is huge and clearly, the debt profile is clearly unsustainable.