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    Climate Change: Nigeria Gets $30m From World Bank

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    As Nigeria marks the World Environment Day, the World Bank has said it is providing the sum of $30 million as critical support for Nigeria’s response to climate change. Speaking during this year’s celebration with the theme “Seven Billion Dreams. One Planet. Consume with Care”, Mr Amos, a representative of World Bank also stated that…

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  • world bank logo

    Climate Change: Nigeria Gets $30m From World Bank

    | Leave a comment

    As Nigeria marks the World Environment Day, the World Bank has said it is providing the sum of $30 million as critical support for Nigeria’s response to climate change. Speaking during this year’s celebration with the theme “Seven Billion Dreams. One Planet. Consume with Care”, Mr Amos, a representative of World Bank also stated that…

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    JAIZ Bank Appointed Hajj Collection Agent

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    Jaiz Bank Plc has been appointed by the National Hajj Commission of Nigeria (NAHCON) to serve as its agent to receive from intending pilgrims Qurbani (Sacrifice) collection for the 2015 Hajj. A letter of appointment signed by the commissioner of policy, personnel management and finance of the NAHCON, Yusuf Adebayo Ibrahim, mandated the bank to…

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    How Laudable Is FG’s N9.2bn Clean Stoves Project?

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    The federal government, in 2014 under the presidential intervention for the clean cookstove, approved the sum of N9.2 billion for the purchase of stoves for women in the rural areas. The initiative came about because of the effect of the constant felling of trees on the environment. Constant felling of trees has resulted in desertification…

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    Crude Price, Other Costs Determine Subsidy Figures – PPPRA

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    The Petroleum Products Pricing Regulatory Agency (PPPRA) has explained that the price of crude at the international market as well as other cost elements such as landing cost determine the amount of subsidy paid on a litre of fuel in Nigeria. Explaining this in a statement yesterday, the agency said such cost elements contributed to…

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    FG Plans Construction Of 4,000MW In Next Phase Of NIPP

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    The federal government has said it is planning to kick start a process that would add an additional 4,000 megawatts (MW) to the national grid through hydro power under the second phase of the National Integrated Power Projects (NIPP). This was disclosed yesterday by Vice President Namadi Sambo during the commissioning a 330kv transmission facility…

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    Fuel Scarcity: We Have 1.2bn Litres Of Petrol – NNPC

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    Despite the continued fuel scarcity, the Nigerian National Petroleum Corporation (NNPC) and its downstream subsidiary, the Pipelines and Products Marketing Company (PPMC), has said it has 1.2 billion litres of petrol in stock. According to the corporation, the figure translates to 31 days sufficiency going by the 40 million daily consumption rate of the product…

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    Is Govt Serious With Providing Social Housing?

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    That Nigeria is faced with a huge housing problem cannot be over-emphasied owing to the fact that about a large percentage of her total population are either underemployed or unemployed. Statistics has shown that the rate of unemployment has rose from 5.3 per cent in 2006 to 23.9 per cent in 2012.Due to the high…

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    FHA Has Sole Responsibility For Social Housing – Al-Almin

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    The managing director of the Federal Housing Authority (FHA), Prof Mohammed Al-Almin, has said that the provision of social housing is the sole responsibility of the authority and not the Federal Mortgage Bank of Nigeria (FMBN) or Ministry of Land, Housing and Authority. Speaking yesterday in Abuja during the 2015 pre-workers’ day lecture organised by…

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  • Nigeria Spends N500bn Yearly To Import Steel – NSE

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    The president of the Nigeria Society of Engineers (NSE), Mr Isaac Ademola Olorunfemi, has said that despite the huge natural raw material, such as iron ore, required for the production of primary steel, inherent in the country, Nigeria still spends $3.3 billion on steel importation. During its first quarterly press briefing, Olorunfemi noted that though…

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