Africa Agriculture 

Delta government seeks N8Bn loan to boost agriculture

The Delta Government has granted its approval for the state to access eight billion naira loan from the Central Bank of Nigeria (CBN), to develop agriculture in the state. The state’s Commissioner for Information, Mr Charles Aniagwu, who made the disclosure while briefing newsmen in Asaba, said that accessing the loan was part of the decisions reached at the State’s Executive Council meeting. He said that the State Government had approved a review of the state’s 2020 budget to reflect the reality on ground because of the fall in crude…

Read More
Oil and Gas 

Okowa decries overdependence on oil, promises more developments in Nigeria

Delta State Governor, Senator Ifeanyi Okowa has reiterated his promise of an even development across the state. He is also optimistic that God will revive both the state and nation’s economies that have been negatively impacted by COVID-19. He said this during an interdenominational thanksgiving service at the Government House Chapel, Asaba, while decrying Nigeria’s dependence on oil, as its main source of revenue. Okowa, who called on Christians to pray fervently to God for solution to the scourge, disclosed that the global lockdown occasioned by the pandemic, had led…

Read More
Financial Services Management 

Representatives Urge AfDB Board to Stop Further Harassment of Adesina

Home of Representatives has advised the Board of African Advancement Bank(AfDB)to stop further harassment of the bank’s President, Akinwumi Adesina. The call was sequel to a consentaneous adoption of a motion of Matter of Public Urgent Value by the Minority Leader of your home, Ndudi Elumelu (PDP-Delta), at plenary on Tuesday. Previously, Mr Elumelu recalled that at a conference of the United Nations Economic Commission for Africa (UNECA) in Khartoum, Sudan, in August,1963, a contract was grabbed the establishment of AfDB. He stated the agreement was co-signed by 23 African…

Read More
Oil and Gas 

Senate queries NNPC over high cost of oil

The Senate on Monday resented the high cost of oil production and quiped the management of the Nigerian National Petroleum Corporation ( NNPC) over marginal profit of just $3 per barrel of oil produced by the country . This is as Senators consequently asked the federal government to as a matter of urgency diversify the nation’s economy . The management team of the NNPC that appeared before the Senate Committee on Finance on Monday came under fire when it was revealed that the cost of producing a barrel of oil…

Read More
Agriculture 

Farming commissioners require restriction on usage of paraquat in Nigeria

Some commissioners for farming have gotten in touch with the National Company for Fda (NAFDAC) to prohibit the usage of paraquat for weed control in the country. Paraquat is a chemical herbicide or herbicide that is extremely harmful and used all over the world. It is likewise understood by the brand name Gramoxone. The call for the restriction of paraquat for weed control came at the end of the conference held at the International Institute of tropical Farming (IITA), Ibadan, in a communiqué on Tuesday. The style of the meeting…

Read More