January 17, 2018

Jonathan approves N10b cassava bread fund

Jonathan approves N10b cassava bread fund... NAIJA INVEST

President Goodluck Jonathan has approved N10 billion for the Cassava Bread Development Fund, Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, has said. Adesina also announced Jonathan’s readiness to launch the Youth Employment Agricultural Programme called the “Nagropreneurs.” He added that the Jonathan will be actively involved in the programme of creating employment through value-chains of the Agricultural Transformation Agenda (ATA). In a statement, the Deputy Director, Press and Public Relations, Greyne Anosike, said the fund is to complement the Ministry’s target for the nation to achieve food security. “The N10billion approval is a way of encouraging us to work hard…

Nigeria as Africa’s new investors’ haven

Nigeria as Africa’s new investors’ haven.. NAIJA INVEST

The recent UN World Report indicated that Nigeria recorded great improvement in Foreign Direct Investment (FDI) in 2012. The report put FDI flow into the country in 2012 at 8.9 billion U.S. dollars, compared with the 6.1 billion U.S. dollars recorded in 2010. The Minister of Foreign Affairs, Dr Olugbenga Ashiru, who spoke at the ongoing Ministerial Platform in Abuja, attributed the increase to the strengthening of economic diplomacy by President Goodluck Jonathan’s administration. “The inflow of these investments had effect on the Transformation Agenda of President Goodluck Jonathan in supporting the economic programme of the government,’’ he said. Ashiru…

New broadband policy may earn Nigeria N600bn

New broadband policy may earn Nigeria N600bn.. NAIJA INVEST

The recent approval of a national broadband policy by President Goodluck Jonathan has opened the door for further investments in Nigeria’s vibrant telecommunications industry and may have a direct revenue impact of N600 billion by 2016, experts have said. Private investment, including Foreign Direct Investments (FDIs) in Nigeria’s telecoms sector had increased by 38.8 percent in three years. The industry’s FDI, which stood at $18 billion in 2009, grew significantly to reach $25 billion in 2012. Expectations are that with the new policy, this figure would increase over the next three years. “The new policy will encourage further investments in…