Tag: Private Sector
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Private sector has big role to play in Nigeria’s development – Shettima
Vice-President Kashim Shettima on Saturday in Ibadan stated that Nigeria’s private sector has a very big role to play in the country’s development. Shettima stated this at an event at the University of Ibadan to honour a former governor of Oyo State, the late Sen. Abiola Ajimobi.
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Why Nigeria needs help from private sector – Finance Minister
The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, says Nigeria needs help from the private sector to meet its public investment needs. Ahmed said this at the presentation of the latest World Bank Nigeria D
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Buhari urges more private sector participation in humanitarian sector
President Muhammadu Buhari on Friday in New York called for more private sector participation in the humanitarian sector in Nigeria. The Nigerian leader made the call against the backdrop of lingering challenges posed by the COVID-19 pandemic, catastrophic weather events and conflicts.
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Private sector invests N500bn in automotive industry, says NADDC
The National Automotive Design and Development Council (NADDC), has hinted that the private sector has so far contributed over N500 billion in the automotive industry in Nigeria. According to the Director General of NADDC, Jelani Aliyu: “We have encouraged, supported, and enabled the private sector to come and put in over half a trillion naira…
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Privatised public entities have disappeared into thin air – Works Minister
… critical stakeholders insist infrastructural decay is massive …as ICRC kicks against Asset Reform Bill Speaker of the House of Representatives, Femi Gbajabiamila, members of the House of Representatives Committee on Privatization and Commercialization, the Minister of Works and Housing Mr Babatunde Fashola SAN and the President Nigeria Labour Congress NLC Mr Ayuba Wabba…
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Nigeria’s private sector donations to fight COVID-19 pandemic hit N25.8bn
The Nigeria Private Sector Coalition Against COVID-19 (CACOVID), has so far realized about N25.8 billion to help fight the COVID-19 pandemic in the country. The update of the contribution as of April 17, was made known in a document released by Mr. Isaac Okorafor, the Director, Communications of Central Bank of Nigeria (CBN) on behalf…
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Banks loans to private sector dropped to N15.1tn in Q4 2018 – NBS
The National Bureau of Statistics (NBS) on Tuesday said the total credit from banks to the economy recorded a decline of N455bn from N15.58tn as of the end of the third quarter of last year to N15.1tn in the fourth quarter. This was contained in the banking sector report released by the bureau on Tuesday.…
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Dangote hails Buhari’s Executive Order 007, says private sector will fix deplorable roads
Africa’s richest man and Chairrman of Dangote Industries Limited, Aliko Dangote, has hailed President Muhammadu Buhari for signing Executive Order 007 on Friday noting that the new order will make businesses run smoothly and more profitably. According to him, the new order, tagged Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme, will reduce the…
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Banks’ lending to private sector declines by N600.60b in Q2 – NBS
The total loans granted by Nigerian banks to the private sector declined from N16 trillion in the first quarter of 2017 to N15.34 trillion in the second quarter of 2018, a difference of N600.60 billion. A report by the National Bureau of Statistics (NBS) on Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels…
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How private sector can help revive Nigeria’s economy – Osinbajo
Vice President Yemi Osinbajo has given an insight on how the private sector can help revive the nation’s economy. The Vice President explained that the government alone cannot fix the economy. He said a private sector-led economy encapsulates the economic vision of the Muhammadu Buhari administration, saying the government is working on conducive environment to…