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Sub-regional collaboration will boost security challenges, Osinbajo declares

Commissioner for Finance, ECOWAS  Commission, Halima Ahmed (left); Vice President Finda Koroma; Vice President Yemi Osinbajo and President of the ECOWAS Commission, Jean Claude Kassi during the signing of a Memorandum of Understanding between ECOWAS and Nigeria on early warning mechanism at the Presidential Villa in Abuja…yesterday. • Nigeria, ECOWAS sign MoU on early warning centre • VP woos investors over nation’s economy With the security threats confronting Nigeria and the rest of West Africa becoming more violent, asymmetric, cross-border by nature, and spreading faster than before, the need for an effective sub-regional collaboration on early warning systems has become a necessity, Vice President Yemi Osinbajo has said.

Emefiele: N15tn Infrastructure Company to Take off Third Quarter

Ndubuisi Francis The N15 trillion Infrastructure Company Limited (InfraCo), created by the federal government to bridge the nation’s huge infrastructure gap is to take off in the third quarter of the year, the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has said. Emefiele spoke yesterday at an investors’ webinar designed to showcase the investment opportunities in Nigeria’s privatisation and economic reforms programmes, organised by the Bureau of Public Enterprises (BPE) in collaboration with the Nigerian Investment Promotion Commission (NIPC) and the Nigerian Exchange Group (NGX). Vice President Yemi Osinbajo also said at the event that although the government’s economic reforms had paid off in telecommunications, pension and maritime sectors, the current administration was making efforts to address the challenges in the power sector privatisation.

FG to concession and sell 36 state-owned assets, earn N5 billion from FTZ concession

The Bureau of Public Enterprises disclosed that the Federal Government plans to concession 36 state-owned assets, citing that as much as N5 billion would be earned annually from the concession of Calabar and Kano Free Trade Zones. This was disclosed in a statement by the Director-General of the BPE, Mr Alex Okoh, in a webinar organised by the Nigerian Exchange Group and the Nigerian Investment Promotion Commission on Tuesday, according to the News Agency of Nigeria. The BPE boss stated that the planned concession would increase export earnings from the Calabar and Kano FTZ, to $3 billion over a period of five to seven years citing that it would also generate annual savings of about N5 billion into the federal treasury.

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