Tagged: government

Government gives traders two weeks for Ladipo Market demolition

Barely a week after the Lagos State governor, Akinwunmi Ambode, paid an unscheduled visit to the Ladipo auto spare parts market in Mushin, the state government has given traders two weeks notice to quit some sections of the market already marked for demolition. The notice was announced to the leadership of the market under the umbrella of Ladipo Auto Central Executive Committee (LACEC) on Tuesday by the state government at the stakeholders meeting held to fine-tune arrangements for the proposed multi-layer car park promised by the governor during his visit last week. “To start with, we will commence...
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Guinea-Bissau President Dissolves Government In Crisis

Guinea-Bissau’s President Jose Mario Vaz dissolved the government on Monday in an attempt to solve a political succession crisis that has paralysed the tiny west African state. Guinea-Bissau has been in the throes of a power struggle since August 2015, when Vaz sacked then prime minister Domingos Simoes Pereira, leader of the ruling African Party for the Independence of Guinea and Cape Verde (PAIGC). Two factions of the ruling PAIGC have failed to resolve their differences over Pereira’s successor, Baciro Dja, since he was given the job in June, with some lawmakers refusing to work with him. The...
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Government Records N1.90tr Deficit Financing In Second Quarter

An estimated deficit of N1,090.96 billion was recorded in the fiscal operations of the Federal Government at the end of the second quarter of this year. According to the Central Bank of Nigeria (CBN), in its Second Quarter (Q2) Economic Report, the deficit indicates an increase of 96.4 per cent above the provisional quarterly budget deficit of N555.49 billion. The report just released and obtained by The Guardian yesterday said provisional data indicated that federally-collected revenue during the second quarter of 2016 was N1,159.05 billion which represents 51.3 per cent, and is 8.6 per cent lower than the...
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Olawale Rotimi: Education in Rural Nigeria; An Assessment

In the Nigeria’s National Policy on Education (FRN 1998), it is stated that the Federal Government has adopted education as an instrument for effecting National Development in all areas of the nation. However, this does not reflect the situation in rural Nigeria where there is overwhelming widespread of illiteracy. Education in rural Nigeria is characterized with very poor infrastructure, insufficient academic staff, insecurity, and non-payment of academic staff among others. It is common knowledge that majority of the population in developing countries like Nigeria live in rural areas. Nigeria is...
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Coup In Burkina Faso As Military Dissolves Government

The military in Burkina Faso has announced the dissolution of the country’s transitional government, a day after presidential guards arrested the interim president and prime minister. President Michel Kafando and Prime Minister Yacouba Zida were detained by soldiers who stormed an afternoon Cabinet meeting, plunging the poor West African country into chaos and uncertainty. The coup comes days before the country’s first election since last year’s ouster of long-serving ruler, Blaise Compaore. Mr. Compoare was deposed in a popular uprising in 2014. Read More: premiumtimesng
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Nigeria Borrows Money To Pay Government Salaries- Aljazeera

Africa's biggest economy faces "revenue challenges" that have affected expenditure, finance minister says. Africa's richest economy is borrowing money to pay salaries as it struggles through a "difficult cash crunch" brought on by halved oil prices, Nigeria's finance minister revealed. The news comes as Nigeria prepares to welcome a new government at the end of this month and the country's naira currency remains in a slump, hovering between 180 and 220 to the US dollar. It was trading at 160 a few months ago. Minister Ngozi Okonjo-Iweala tried to be upbeat in a speech on Tuesday after lawmakers...
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