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Reps worry over UN's report on $40.7bn annual capital flight

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The House of Representatives, on Tuesday, urged the Federal Government to develop an effective mechanism and strategy to prevent the persistent occurrence and address the menace of capital flight to the tune of $40.7 billion.
The resolution was passed sequel to the adoption of a motion sponsored by Hon Afolabi Olalekan, who expressed displeasure over the United Nations Conference on Trade and Development report that about $88.6 billion per year leave African continent through money laundering, tax evasion, diverted revenues, offshore investments and other forms of capital flights, with Nigeria accounting for an estimated 46 per cent of the total capital flight or $40.7 billion per year. ....

Afolabi Olalekan , Committee On Legislative Compliance , Central Bank , Ministry Of Foreign Affairs , Tertiary Education Trust Fund , Federal Government , Hon Afolabi Olalekan , United Nations Conference , Hon Olalekan , Foreign Affairs , Legislative Compliance , குழு ஆன் சட்டமன்றம் இணக்கம் , மைய வங்கி , அமைச்சகம் ஆஃப் வெளிநாட்டு வாழ்க்கைத்தொழில்கள் , மூன்றாம் நிலை கல்வி நம்பிக்கை நிதி , கூட்டாட்சியின் அரசு , ஒன்றுபட்டது நாடுகள் மாநாடு , வெளிநாட்டு வாழ்க்கைத்தொழில்கள் , சட்டமன்றம் இணக்கம் ,

Hope for Indigenous Players as House Moves to Amend Cabotage Act

The ongoing amendment of the Cabotage Act 2003 by the National Assembly will reposition the nation’s maritime industry and promises a world of opportunities for local industry players, writes Olaoluwakitan Babatunde
With nearly 900km coastal line and about 10,000km of inland waterways, matched with enormous potentials and opportunities, Nigerian maritime sector is capable of generating at least US$1.6 trillion or about 30 times the nation’s annual oil revenues. This is according to a research by the World Bank. Sadly, the nation has not been able to harness these potentials to adequately benefit from it.
In this light, the Coastal and Inland Shipping (Cabotage) Act 2003 was enacted to help grow indigenous participation and ownership in the shipping industry. The idea is to reserve commercial transportation within Nigerian coastal and inland waters to vessels flying the Nigerian flag, owned and crewed by Nigerian citizens, and built-in Nigeria. ....

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Name Akure airport after Agagu, repair Angle 80-Amedokhian/ Uromi road, Reps tell FG

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Name Akure airport after Agagu, repair Angle 80-Amedokhian/ Uromi road, Reps tell FG
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By Levinus Nwabughiogu-Abuja
House of Representatives, Thursday, urged the federal government to name Akure airport after late Dr Olesegun Agagu in recognition of his selfless service to the nation, most especially in the aviation industry.
The House also called on the Federal Roads Maintenance Agency (FERMA) and the Federal Ministry of Works and Housing to embark on repairs of the one-kilometre stretch of Angle 80-Amedokhian Road around the National Institute of Construction Technology and Management (NICT) Uromi in Edo State.
The call followed two separate motions considered at the plenary. ....

Nigeria General , United States , Ondo State , Abuja Federal Capital Territory , Edo State , Sergius Ogun , Akinfolarinwa Mayowa , Peter Abiola Makinde , Adelegbe Oluwatimehin , Olubunmi Tunji Ojo , Akinjo Victor Kolade , Omolafe Isaac Adedayo , Tajudeena Adefisoye , Levinus Nwabughiogu , Olesegun Agagu , Adejoro Adeogun , Olusegun Agagu , Olusegun Obasanjo , Nigerian Airspace Management Agency , Maintenance Agency , National Institute Of Construction Technology , College Of Aviation Technology , Ministry Of Works , Nigerian Civil Aviation Authority , Committee On Aviation , Airports Authority Of Nigeria ,

Reps task FG on construction of irrigation Dams for agricultural purposes

Reps task FG on construction of irrigation Dams for agricultural purposes
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By Levinus Nwabughiogu-Abuja
House of Representatives yesterday urged the Federal Ministry of Water Resources to carry out a holistic Needs Assessment of Irrigation Dams across the country and ensure their expeditious construction for agricultural purposes.
The House also urged the Federal Ministry of Power, the Transmission Company of Nigeria (TCN) and the Nigerian Independent Power Project (NIPP) to direct the Contractors handling the installation of 33KVA Line in Onne, Rivers State and a 33KVA Line in Bayelsa State to complete it.
The resolutions followed two separate motions considered at the plenary. ....

Nigeria General , Niger Delta , Lake Chad , Bayelsa State , Rivers State , Abuja Federal Capital Territory , Juliuso Ihonvbere , Levinus Nwabughiogu , Saidu Mohammed Mustafa , Abubakar Yahaya Kusada , Awaji Inombek Abiante , Bayelsa States , Committee On Water Resources , River Basin Development Authorities , Ministry Of Power , Transmission Company Of Nigeria , Ministry Of Water Resources , River Basin Development Authorities Rbdas , Kindly Share This Story , Federal Ministry , Water Resources , Needs Assessment , Irrigation Dams , Transmission Company , Nigerian Independent Power Project , Earth Dams Across ,

Power Supply: Reps make case for Rivers, Bayelsa

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Power Supply: Reps make case for Rivers, Bayelsa
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The House of Representatives has urged the Ministry of Power to work towards completing the installation of 333KVA Line in Onne, Rivers and Bayelsa.
This was sequel to the adoption of a motion by Rep. Awaji-Inombek Abiante (PDP-Rivers) and 17 others at plenary on Wednesday.
Moving the motion, Abiante said that Rivers was the sixth most populated state in Nigeria with a population of 7.3 million people. (NBS, 2016).
“Rivers is economically significant as the centre of Nigeria’s oil industry similarly, Bayelsa with population of 2.2 million people is the fourth largest producer of crude oil in the country,” he said. ....

Port Harcourt , Ministry Of Power , Kindly Share This Story , Awaji Inombek Abiante , Deputy Speaker , Ahmed Wase , House Committees , Legislative Compliance , Share This Story , போர்த் ஹர்கார்ட் , அமைச்சகம் ஆஃப் பவர் , கைஂட்லீ பகிர் இது கதை , துணை பேச்சாளர் , வீடு குழுக்கள் , சட்டமன்றம் இணக்கம் , பகிர் இது கதை ,