Tag: Private Sector
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EIB, AfDB to support private sector investment in Nigeria
The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country. The European Investment Bank has finalized a US $20-million equity stake in the new financing institution, alongside US $50-million equity participation from…
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VAIDS: FG reviews states, private sector’s pleas for extension of deadline
…Insists Tax Evaders Risk Prosecution, Seizure of Properties The Honourable Minister of Finance, Mrs. Kemi Adeosun, on Saturday confirmed that the Federal Government was currently reviewing the requests by the States and Private Sector for an extension of the tax amnesty programme, the Voluntary Assets and Income Declaration Scheme (VAIDS). The tax amnesty programme, which…
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Dogara advocates private sector participation to tackle housing deficit in Nigeria
…frowns at violation of NHF Act, housing policies …says New Housing Laws to cover self-employed Nigerians Speaker of the House of Representatives, Hon. Yakubu Dogara has called for increased private sector participation in order to address the national housing deficit and pledged the commitment of the House towards enacting the required legislation. Speaking at a…
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Road Infrastructure: FEC Approves Tax Relief Scheme for Private Sector
The Federal Executive Council on Thursday approved a tax relief scheme to attract private sector involvement in the provision of Federal road infrastructure across the entire country. The approval was the outcome of a Memorandum for the setting up of a Road Trust Fund (RTF) presented by the Honourable Minister of Finance, Mrs. Kemi Adeosun,…
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FG, States to partner private sector in construction, rehabilitation of prisons – NEC
The federal and state governments have agreed to partner the private sector in the construction and rehabilitation of prisons across the country, Ebonyi governor Dave Umahi, has said. Umahi made the statement on Thursday in Abuja while briefing State House correspondents on the outcome of the meeting of the National Economic Council (NEC). Gov. Ibrahim…
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Invest in government to promote economic growth, Osinbajo tells private sector players
The Acting President, Prof. Yemi Osinbajo, on Monday advised private sector players to invest in government to promote the country’s economic growth. Osinbajo said this while addressing the third Quarterly Business Forum at the Conference Centre of the Presidential villa, Abuja. According to him, the crucial partnership plays itself out in many of the administration’s…
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Private sector operators task FG on effective implementation of Economic Recovery Plan
Private sector operators have advised the Federal Government to come up with workable strategies to implement the Nigerian Economic Recovery and Growth Plan (NERGP) to achieve its objectives. This is contained in a statement signed by the Media Adviser to the Minister of Budget and National Planning, Mr Akpandem James on Tuesday in Abuja. According…