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Posts tagged with "Federal Capital Territory"

32 of Nigeria's 36 states failed to attract one dollar in FDI during the first quarter of 2022 African News

32 of Nigeria's 36 states failed to attract one dollar in FDI during the first quarter of 2022

AS many as 32 of Nigeria's 36 states did not attract one dollar in foreign direct investment (FDI) during the first quarter of 2022 according to a recent report just published by the National Bureau of Statistics (NBS).   Apparently, only Lagos, Oyo, Katsina and Anambra and the Federal Capital Territory (FCT) attracted any FDI...
Kidnappers give family of abducted FCT monarch 24 hours to come up with N6m in cash African News

Kidnappers give family of abducted FCT monarch 24 hours to come up with N6m in cash

KIDNAPPERS who abducted the traditional ruler of Bukpe community in Kwali Area Council of the Federal Capital Territory (FCT) His Royal Highness Alhaji Hassan Shamidozhi have given his family 24 hours to come up a ransom payment.   Alhaji Shamidozhi was kidnapped about two weeks ago and immediately afterwards, the kidnappers...
Armed bandits kill six soldiers and two officers on the outskirts of the FCT in Niger State African News

Armed bandits kill six soldiers and two officers on the outskirts of the FCT in Niger State

NIGERIA continues to reel from the effects of violent insecurity as armed bandits struck again yesterday attacking Abuja from the Suleija-Zuma axis in Niger Stare in a bloody attack that left six soldiers and two officers dead.   On Monday, armed bandits attacked an Abuja to Kaduna train, killing some passengers and abducting...
Abuja residents resort to walking as fuel scarcity leads to a shortage of buses and taxis African News

Abuja residents resort to walking as fuel scarcity leads to a shortage of buses and taxis

NIGERIANS living in Abuja  have resorted to walking a lot more over the last few days as a scarcity of petrol has brought about a reduction in the number of commercial vehicles on roads across the Federal Capital Territory (FCT).   Petrol is now very scarce across Abuja, leading to buses and taxis becoming scarce, leaving...
Osinbajo distances himself from 2023 presidential campaign posters declaring him a candidate African News

Osinbajo distances himself from 2023 presidential campaign posters declaring him a candidate

VICE president Professor Yemi Osinbajo has distanced himself from posters that have flooded Abuja declaring him a candidate in the 2023 presidential race making it clear that he has made no such decision or pronouncement.   With 2023 fast approaching, several candidates have already announced their intention to run for...
Abuja businesses object to new environmental tax on the use of generators saying it is crippling African News

Abuja businesses object to new environmental tax on the use of generators saying it is crippling

BUSINESS owners in Nigeria's Federal Capital Territory (FCT) are up in arms against plans by the government to impose an environmental levy on companies that use private generators to electrify their operations.   Currently the world's largest importer of small and medium sized generators, Nigeria has a chronic power supply...
Nigerian government plans aerospace university in bid to resolve woes in aviation industry African News

Nigerian government plans aerospace university in bid to resolve woes in aviation industry

NIGERIA'S federal government is planning to establish an aerospace university to address the challenges of qualified and specialised manpower in the nation’s aviation sector and get the industry operating up to international standards.   Despite having the largest number of travelling customers on the African continent,...
Given Nigeria's increasing dependency on the diaspora for foreign exchange, should the government not introduce a special Diaspora Housing Scheme to attract more hard currency? African News

Given Nigeria's increasing dependency on the diaspora for foreign exchange, should the government not introduce a special Diaspora Housing Scheme to attract more hard currency?

Ayo Akinfe Introduce a policy called the Special Diaspora Housing Programme (SDHP) A pilot project will be initiated in Abuja involving the construction of about 1,000 3-bedroom bungalows Under a public-private partnership scheme, the bungalows will be constructed in the Federal Capital Territory (FCT) with the government...
Agriculture ministry refuses to scrap cattle grazing routes saying not all pastoralists can afford ranching African News

Agriculture ministry refuses to scrap cattle grazing routes saying not all pastoralists can afford ranching

NIGERIA'S agriculture ministry has said that it will proceed with the establishment of grazing routes across the country despite the widespread opposition to the practice because many herdsmen cannot afford to operate ranches.   Over recent years, Fulani cattle herdsmen have wrecked havoc across Nigeria as their livestock have...
Nigeria's total debt portfolio rose to $50bn by the end of 2020 as a result of government borrowing African News

Nigeria's total debt portfolio rose to $50bn by the end of 2020 as a result of government borrowing

NIGERIA'S debts rose by N20.8trn ($50.4bn) between July 2015 and December 2020 to N32.92trn ($79.8bn) as a result of increased government borrowing according to the latest statistics just released by the Debt Management Office (DMO).   According to the statistics, Nigeria’s total debt as of June 30, 2015 stood at N12.12tn...
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