Connect with us

COVER

Uzodimma Signs N592.2bn 2024 Budget, Urges Prudent Implementation

Published

on

Share

From Marcel Duru, Owerri

Imo State Governor, Hope Uzodimma has assented to the 2024 Appropriation Bill of N592.2 billion.

At a brief ceremony after signing the bill into an Act at the Government House, on Monday in Owerri, the governor said that the success of the budget would depend on the prudent implementation of the items contained in the document.

Uzodimma assured the people of the state that the budget would act both as a stimulus and catalyst for the growth and development of Imo in line with the theme: “Budget of Renewed Economic Growth.

“In the history of Imo, there has not been an annual budget with a capital expenditure of over 82 per cent, meaning when implemented, the result will make Imo the envy of other states,” he said.

He commended the Speaker and members of the State House of Assembly for the uncommon synergy and conceded to his request to give the bill accelerated hearing and passage.

The governor, who congratulated the Imo people as the ultimate beneficiaries of the synergy between the executive and legislature, promised prudent implementation of the budget.

He urged everyone working for the government to do the same.

He also promised to sustain the cordial relationship and synergy that existed between the three arms of government.

He, however, called for all hands to be on deck to raise the revenue proposed in the budget to enable his administration ensure total implementation and achievement of the budget target.

He called for strict closure of all revenue leakages in the state, promising to “deal with all those who are fraudulent and the criminally-minded in the government circle.

“Government will be ruthless to any public officer or appointee who engages in fraud and corruption in this administration, going forward.

“I will leave no stone unturned in advancing the cause of Imo,” he said.

Presenting the bill to the governor, the Speaker, Mr Chike Olemgbe, said the bill brought to them was “carefully crafted”, which made their job “easy and seamless.”

According to him, the proposal shows that the governor is determined to give Imo people “renewed overall growth and development.”

The speaker promised that the lawmakers would work as partners with the executive to ensure that Imo people enjoyed the dividend of democracy under his and Uzodimma’s leadership.

He said that the bill passed through all the legislative processes from the day it was presented on December 12 to its passage.

COVER

Health Crisis Looms as Dantata Donates N1.5bn in Maiduguri

Published

on

Share

By David Torough, Abuja

Business tycoon Aminu Alhassan Dantata yesterday donated N1.5 billion to those affected flood in Maiduguri, Borno State.Dantata who was accompanied friends and associates in Kano was received in Maiduguri by the Borno State Governor, Babagana Zulum.The businessman extended his heartfelt condolences to the government and the people of the state especially those who lost their beloved ones to the flood.

Dantata, 96 lamented the bad economy and prayed for the peace and harmony of Borno State and Nigeria.
The Borno State governor expressed heartfelt gratitude for the visit.He acknowledged that its serves as a powerful beacon of hope and solidarity during the trying times.
Zulum said, “The people of Borno deeply appreciate this show of humanity by a 96-year-old to visit us.“Let me say it, Our Baba has donated the sum of N1.5 billion to support the flood victims. May Allah bless and reward you with Aljannah.”This donation comes after Dantata’s nephew, Aliko Dangote also donated N1 billion to the flood victims.Meanwhile, Borno State government has raised the alarm, saying the people are at the risk of health crisis.Government has warned residents against eating vegetables from flooded areas because they are contaminated.A statement posted by the Ministry of Information and Internal Security on Facebook yesterday advised the public to abide by the warning for their wellbeing.The statement read, “Due to the recent flood disaster, vegetables from flooded areas are seriously contaminated with harmful substances, including sewage, dead bodies, chemicals and bacteria.“Consuming these contaminated vegetables can lead to serious health risks, including waterborne diseases, food poisoning, and other health complications. “To protect your health and safety, we urge you to avoid buying vegetables from flooded areas; only purchase vegetables from trusted sources and reputable markets; ensure that all vegetables are properly washed and cleaned before consumption.”Nearly 500,000 people have been displaced and more than 1 million affected by flood that recently submerged several parts of Maiduguri, the Borno State capital.The flood, described as the worst in the state in 30 years, resulted from the collapse of Alau Dam due to high rainfalls. The disaster also killed about 80 percent of animals in a zoo in the city as some ran away.

Continue Reading

COVER

Niger Signs $2bn Agric Deal with Turkish Coy

Published

on

Share

From Dan Amasingha, Minna

Niger State Government has signed a $2billion Memorandum of Understanding (MoU) with a Turkish company, Direkci Group for the off-taking of Soya Beans in the State.The agreement signed at the Niger State Government House, Minna was witnessed by Governor Mohammed Umaru Bago, officials of Direkci Group led by their MD/CEO Mr Nurullah Mahmet and other top government functionaries.

The 10-year partnership, which will cost $200 million per year and $2 billion for the 10 years period, is under the Niger Foods, and is expected to boost agriculture in the State, create job opportunities and improve the economic status of local farmers.
Bago appreciated the Turkish Government for the willingness to invest in Niger State.
According to him, “This collaboration is a game-changer for Niger State and we are confident it will significantly reduce unemployment and boost food security.”He said going forward, the state government was equally willing to partner with Turkey in other areas beyond agriculture.The Managing Director and Chief Executive Officer of the Turkish company, Mr Nurullah Mahmet said they have been in agric business for decades and have established their presence in Nigeria for 17 years.He said they were attracted by the agricultural programmes of the state and partnering with the state would be mutually beneficial for both parties.He commended Bago for providing the needed impetus for agric investment in the state.The MD said they were willing to put in $10 billion in agriculture investment for the next 10 years and would work with the government of their country to provide security for their investment in the state.The Chairman, Niger Foods, Sammy Adigun disclosed that the Turkish firm will buy 500,000 tonnes of soya beans each year for 10 years.He said the agreement would empower local farmers by providing them with seeds and fertilizers, ensuring a guaranteed market for their produce.Adigun revealed that the Turkish firm was also investing in a 100,000 hectare Green House project with cold chain facility at the agro processing zone with an annual output of about 160,000 tonnes of fruits and vegetables such as tomato and pepper among others.He added that the group will also establish a total of 2.5 million chicken production facility including eggs and feed mills production in two phases.Adigun said the partnership would establish 30,000 hectares of soya beans farms with irrigation systems in Adunu, Paikoro Local Government Area of the state.He announced that already, the group had ordered the first chicken house for 500,000 chickens and would be functional in six months time, while 2000 green houses were already being shipped as the group was also to provide $50 million as direct support to farmers.The agreement, according to Adigun will include the company providing security for their investment in areas prone to insecurity in the state.

Continue Reading

COVER

Enugu, Jelfah Group in N40bn Partnership to Revitalise Sunrise Mills

Published

on

Share

From Sylvia Udegbunam EnuguEnugu State Government and Jelfah Nigeria Ltd yesterday signed N40 billion deal for the revitalisation of the long-moribund state-owned Sunrise Flour Mills, Enugu.The deal signed at the Government House, Enugu saw Jelfah acquire 60 percent equity stake in Sunrise Flour Mills and is expected to invest N24 billion in the iconic mills, which went moribund since 1985 just two years after it was commissioned in 1983.

The state government keeps 40 percent based on the existing assets of the company.
Speaking at the brief signing ceremony and public announcement of the transaction, the Enugu State governor, Peter Mbah said this milestone, coming on the heels of the N100 billion deal to resuscitate the hitherto dying Enugu United Palm Products Limited (UPPL) is clear demonstration of his administration’s determination to grow the state’s economy from $4.
4 billion to $30 billion through private sector investment.“Just a few months ago, we secured an investment size of N100 billion with a company known as Pragmatic Palms Limited, and today we have just witnessed Enugu State, again securing another investment size of N40 billion.“This investment will see Jelfah Group investing N24 billion into the existing Enugu Sunrise Flour Mills. N22bn will be directed into revamping and resuscitation of the Sunrise Flower Mill, and N2 billion is going to come to the State by way of cash.“The Special Purpose Vehicle (SPV) is also going to own 10,000 hectares of farmland, where we are going to cultivate the inputs for the flour mills such as cassava and grain.“This is a testament that when we say Enugu State is open for business, we are truly committed to it. We understand how to make a win-win deal, both for the investors and for the people of Enugu State,” Mbah stated.He assured Jelfah group of continued support, enjoining other prospective investors to come over to invest in the state.“We hope that this signals to other investors, who may still be on the fence that Enugu is actually ready for business. We are committed to not just creating the enabling environment, but also working with investors to help them derisk investments and grow their businesses,” the governor concluded.Speaking, the Chairman of Jelfah Group, Moses Saromi, said they were attracted by Governor Mbah’s vision, dynamic leadership, and speedily increasing ease of doing business in Enugu State under his leadership, saying that Jelfah was in a hurry to transform Sunrise Mills to a centre of excellence.“Your policies have unlocked new opportunities for private sector participation, and Jelfah is proud to be part of this progressive movement.“This acquisition of 60 percent equity not only aligns with Jelfah’s long-term vision, but also furthers the governor’s ambition of empowering the people, revitalising moribund assets, and ensuring sustainable development. And together with our consortium partners, our goal is to transform Sunrise Flour Mills into a centre of excellence, harnessing our collective expertise to drive growth and value creation.“So, we firmly believe that this partnership will catalyse positive change, spark job creation, elevate local production capacities, and contribute significantly to the socio-economic advancement of Enugu State,” he said.“We have worked hard in the last months to get to this point. We have a short term, medium term, and a long term plan for the flour mills. Activities will start in earnest. In another 90 days, you are going to experience a lot of movements and activities with regards to the revitalisation of the flour mills.“Our activities will include recruitment of people, who will run the plant, indigenes of the state, obviously. And as the governor rightly said, we are creating a model that will provide the inputs for the mills, such as the 10,000 hectres of farmlands to cultivate all the inputs for the mills,” he said.

Continue Reading

Read Our ePaper

Top Stories

NEWS12 hours ago

Customs Intercept Contraband Worth N510.92m in Two Conths

ShareThe Nigeria Customs Service (NCS), Federal Operations Unit Zone C, says it intercepted contrabands with a Duty Paid Value (DPV)...

NEWS13 hours ago

APC Forum Decries Deplorable Condition of Federal Roads

ShareThe Forum of Stakeholders of the All Progressive Congress (APC) has decried the deplorable condition of some federal roads in...

JUDICIARY13 hours ago

Court Shifts Judgment in Suit Seeking Ganduje’s Sack Until Sept. 23

ShareA Federal High Court, Abuja, on Wednesday, shifted the judgment in a suit seeking the removal of Dr Abdullahi Ganduje...

NEWS13 hours ago

Yuan Strengthens 7. 087 Against Dollar

ShareThe central parity rate of the Chinese currency renminbi, or the yuan, strengthened 160 pips to 7.087 against the dollar...

NEWS13 hours ago

Edo 2024: NSCDC Deploys 6,433 Personnel

Share The Nigeria Security and Civil Defence Corps (NSCDC) has deployed 6,433 operatives to provide security ahead of the Edo...

NEWS13 hours ago

Ex-Gov Yahaya Bello Honours EFCC’s Invitation

ShareFormer Governor of Kogi, Alhaji Yahaya Bello has honoured the invitation of the Economic and Financial Crimes Commission (EFCC) over...

NEWS15 hours ago

Enugu LG polls: 4,145 Security Personnel to Be Deployed – ENSIEC

ShareThe Enugu State Independent Electoral Commission (ENSIEC) has said that no fewer than 4,145 security personnel would be involved in...

NEWS15 hours ago

NNPC Ltd/TotalEnergies’ $550m Ubeta Upstream Gas Project Begins Operation – Aide

Share The 550 million dollars upstream gas project between the Nigerian National Petroleum Company Limited (NNPC Ltd.) and TotalEnergies on...

NEWS19 hours ago

Kwara LG Poll: Court Allows KWSIEC to Proceeds with Process

ShareFrom Samuel James, Ilorin On the restraining order regards the releasing of the National Voter Register to the Kwara State...

NEWS19 hours ago

Barau Receives Kano Gov’s Top Aide to APC

ShareBy Eze Okechukwu, Abuja The Deputy President of the Senate, Barau Jibrin has received a top aide of the Kano...

Copyright © 2021 Daily Asset Limited | Powered by ObajeSoft Inc