Tag Archives: Boost

China Partners With Nigeria To Boost Food Production

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The Peoples Republic of China has expressed its readiness to a partnership with Nigeria to boost food production in the country.

Chinese Ambassador to Nigeria  Zhou Pingjian, who made the promise said  the support would come through the provision of loan facilities to small and medium scale farmers and manufacturers through the China Development Bank.

He spoke on Wednesday in  Abuja  when he paid a visit to the Minister of Agriculture and Rural Development, Chief Audu Ogbeh.

Pingjian  said the bank had over N10 billion which could be loaned to farmers and manufacturers in the country to boost agricultural production.

“This visit and partnership is the aftermath of President Muhammadu Buhari’s visit to China.

“This loan facility will work just like the Anchor Borrowers scheme of the Central Bank of Nigeria (CBN).

“Agriculture is one of the priority areas that we want to support Nigeria,’’ he said.

Ogbeh appealed to the Chinese Government to assist the country in developing processing machines that could facilitate mechanised agriculture.

He listed some agricultural products that needed adequate processing to meet international standards.

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China partners with Nigeria to boost food production

Iran, China Sign Agreement To Boost Defense-military Cooperation

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Iran and China have signed an agreement to boost defense-military cooperation and fight terrorism.

The agreement was inked by Iranian Defense Minister Brigadier General Hossein Dehqan and his Chinese counterpart General Chang Wanquan in Tehran on Monday at the end of an earlier meeting between the two sides.

“The development of [Iran’s] long-term defense-military relations and cooperation with China is among the top priorities of the Islamic Republic of Iran’s defense diplomacy,” Dehqan said in the meeting.

He added that the two countries’ defense-military cooperation would guarantee regional and international peace and security.

He emphasized that all countries in Asia and the Oceania shoulder the responsibility to maintain peace and stability.

“Today, foreign meddling and lack of respect for the national sovereignty of countries have turned the Middle East region into a hotbed of crisis and insecurity in the world and led to [the emergence of] terrorism and its spread throughout the world,” Dehqan said.

He added that the US and some regional countries are supporting terrorism and the scourge is overflowing into Europe, Central Asia and the Caucasus as well as other regions.

“Today, the threat of Daesh and terrorism has turned into an important regional and international challenge,” the Iranian defense minister said.

Read More: presstv

Tomato Farmers Collaborate To Boost Wheat Production In Sokoto – Chairman

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Alhaji Haruna Abubakar, Chairman, Tomato Farmers Association of Nigeria, Sokoto State Chapter, said his members would collaborate with wheat farmers to boost the production of the product in the state.
Abubakar made the disclosure in an interview with the News Agency of Nigeria (NAN) on Monday in Sokoto.
He said the state government’s determination and commitment to technologically improve wheat production in the state was the reason for the collaboration.
Hs said that the government is so much committed to improving agricultural production, as it had introduced modern wheat farming techniques.
“All our members have accepted to join hands with the association of wheat farmers to ensure the development of farming activities in the Sokoto.”
Abubakar thanked Gov. Aminu Tambuwal for supporting farmers in the state.

He assured the government of his members’ commitment to grow the sector for the overall development and growth of the nation’s economy.

He, therefore, urged members of the association to become role models to their counterparts in other states, by utilizing the opportunity provided by the state government to boost agriculture in the state.

Credit: NAN

Nigeria, Japan To Boost Military Cooperation

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Nigeria and Japan have started plans to boost military cooperation with the aim of improving security in both nations.

The military cooperation plan was discussed at a security forum held on Monday in Abuja, Nigeria’s capital city, by the Nigerian Defence College and Japanese Maritime Self Defence Force.

At the meeting, the Commandant of the National Defence College, Rear Admiral Samuel Alade, stressed the need for enhanced military co-operation between Nigeria and Japan on security matters.

Mr Alade told the President of the Japanese Maritime Self Defence Force, Vice Admiral Umio Otsuka that it was important to invigorate the seemingly dormant military relationship in order to collectively enhance the nations’ chances of addressing the amorphous nature of contemporary global security challenges.

“The visit of our esteem guest will trigger more robust and substantially beneficial interaction between our defence forces generally and particularly training institutions in Nigeria,” he said.

The President of the Japanese Maritime Self Defence Force, however, requested that his lecture be delivered behind closed doors without the journalists.

Moments after, the guest lecturer told reporters in an interview that military co-operation and intelligence sharing were important in the war against terrorism.

“More than 40 Japanese were killed at the 9/11 incident. And since then, the Japanese government is conducting even military operations to support counter-piracy actions in the Indian Ocean, providing support at sea.

“Now that terrorism has become more globalised, the issue is how we can collectively share the information and intelligence that is key for countering the terrorists.

“Particularly, it is not only by the military, but military and civilian relationship seems to be necessary,” Vice Admiral Umio Otsuka stressed.

Credit: ChannelsTV

How We Plan To Boost The Naira- Osinbajo

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To diversify the economy, the Federal Government is collaborating with rice-producing states in the North to step up the commodity’s production.

Self-sufficiency in rice and wheat production, according to Vice President Yemi Osinbajo, would ease the pressure on the naira.

The naira currently exchanges for N197 to the dollar at the official market.

It is over N200 to the dollar at the parallel market.

Osinbajo said the naira which has plummeted against major currencies would gain value, by moving away from the current mono-product economy; ensuring an increase in earnings; exporting more products and driving infrastructural development through local and foreign direct investment.

The vice president, who spoke in Enugu, said President Muhammadu Buhari’s economic policies would produce a stronger naira and by earning and exporting more the currency’s value will improve.

Credit: NationOnline

CBN To Channel Funds To Boost Power Supply

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Central Bank of Nigeria, CBN, said its N213bn Nigeria Electricity Market Stabilisation Facility, NEMSF, would improve generation, distribution and transmission of power in the country.

Special Assistant to CBN Governor on Energy Sector, Mr. Yinka Balogun, said this in Abuja on Monday at a roundtable on “Releasing Private Sector Capital for Investment in the Power Sector”.

He said the intervention fund would ensure that the power sector delivered tangible improvement in power supply for the benefit of all Nigerians.

“CBN will disburse these funds in partnership with “deposit money banks” to address the shortfalls in revenue for operators to boost power supply and settle legacy gas debt.

“We believe that once the power sector issues are fixed, Nigeria will return to the path of sustainability at other sectors,” he said.

Read More: nationalmirroronline

Buhari Promises Reforms, New Policies To Boost Oil, Gas Income

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President Muhammadu Buhari on Tuesday restated his administration’s promise to initiate appropriate reforms and implement policies to boost income from the oil and gas industry.

Speaking at separate meetings with delegations from ExxonMobil and the Nigeria Liquefied Natural Gas Company, President Buhari listed the removal of bureaucratic bottlenecks created by multiple government agencies that currently impede the operations of companies in the oil and gas sector as one of the reforms to be undertaken by his administration.

The President said that his government would also give priority attention to the security of oil and gas installations as well as maritime security in its bid to boost national earnings from the sector.

Read More: premiumtimesng

Lawan’s Bid For Senate Presidency Gets A Boost

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Senators-elect under the aegis of the Unity Forum, penultimate Wednesday, formally informed the leadership of the All Progressives Congress (APC) of their support for the Lawan-Akume Senate Presidency ticket, just as the party assured them that the extant Standing Order of the chamber will be adhered to in its final decision.

This was contained in a letter signed by Senators Barnabas Gemade, Abu Ibrahim, Olusola Adeyeye, Abdullahi Adamu and Bukar Abba Ibrahim with the signatures of their members attached and the group’s resolutions.

They resolved that “Senator Ahmed Lawan shall be the highest ranking APC Senator and George Akume the second highest ranking APC Senator in the 8th Assembly in the 8th Assembly. This is so, as Ahmad Lawan has spent 16 years in the National Assembly; eight years in the House of Representatives and another eight years in the Senate. Thus, Senator Ahmad Lawan is the most qualified to be the Senate President, while Senator George Akume is the most qualified to be the Deputy Senate President of the 8th Assembly in accordance with Rule 3 Order (2) of the Extant Senate Standing Orders.

“Nomination of senators to serve as presiding officers and appointments of principal officers and other officers of the Senate or on any Parliamentary delegations shall be in accordance with the ranking of senators. In determining ranking, the following Order shall apply-Senators retiring based on number of times re-elected; Senators who had been members of the House of Representatives; and Senators elected as Senators for the first time.”

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Stock Market Gets A Boost After Buhari’s Victory

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The Nigerian stock market recorded its biggest rise in a day on Wednesday as investors scrambled to buy stocks following the declaration of Gen. Muhammadu Buhari of the All Progressive Congress as the winner of the presidential election.

At the close of trading, the market capitalisation of the listed equities surged by N904bn or 8.4 per cent from N10.717tn on Tuesday to N11.621tn, with the Nigerian Stock Exchange All-Share Index also rising by 8.4 per cent or 2 635.32 basis points to close at 34 380.14 basis points.

It was the biggest gain recorded by any Exchange all over the world so far this year, the closest being a five per cent gain by Chinese stocks earlier in the year.

According to market operators and experts, the peaceful conduct of the presidential election and, particularly, the acceptance of the result by Jonathan, which has set the stage for a peaceful transition, are responsible for the record performance of the stock market as it has greatly boosted investor confidence.

Wednesday’s gains were spread across all the sectors with all of the five NSE sectoral indices surging as well.

Read More: Thisday