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$311million recovered Abacha loots, can it be spent in well?

Federal government had on Monday announced that it has received the funds from the United States and the Island of Jessey. Nigeria government listed the second Niger Bridge, the Lagos-Ibadan and Abuja-Kaduna-Kano expressways, as some of the ongoing  projects that are benefiting from the fund, according to government, there would be creation of   tens of thousands of construction jobs. According to Nigerian government, (some $311 million US Dollars) stolen from   the Abacha regime were safely returned to the country from the United States. government also mentioned the ailing electricity sector in Nigeria which will also benefit from the funds. Monies previous monies returned last year from Switzerland ( some $320 million US dollars) are already being used for the government’s free school feeding scheme, a stipend for millions of disadvantaged citizens, and grain grants for those in severe food hardship, government also said,without these funds, the fight against Covid-19 would b
An American man walked into a restaurant in London. As soon as he entered, he noticed an African man (black), sitting in one corner. He walked over to the counter, removed his wallet andshouted, "Waiter! I am buying food for everyone in this restaurant, except that black guy over there!"The waiter collected the money and began serving free food to everyone in the restaurant, except the African. Instead of becoming upset, the black man simply looked up at the American and shouted, "Thank you!" This infuriated the American. So once again, he took out his wallet and shouted, "Waiter! This time I am buying bottles of wine and additional food for everyone in this bar, except for that African sitting in the corner over there!" The waiter collected the money from the man and began serving free food and wine to everyone in the bar except the African. When the waiter finished serving the food and drinks, the African simply smiled at the American manand s

The National Agency for Food and Drug Administration and Control (NAFDAC)

The National Agency for Food and Drug Administration and Control (NAFDAC) on Friday warned Nigerians against the consumption of rotten tomatoes to forestall cancer. Mrs. Christiana Essenwa, a Deputy Director with the agency, gave the warning in an interview with News Agency of Nigeria (NAN) in Onitsha. According to her, rotten tomatoes contain micro organisms that induce cancer. She explained that “once tomatoes become  rotten, it will have micro organisms, mostly fungi, and fungi in rotten tomatoes produce mycotoxins, which are deadly and induce cancer, and cause immune deficiency in man and animals. “Mycotoxins are deadly, and can cause all sorts of poisoning in the body,” the director said.She said that some research suggested that mycotoxins could also cause kidney damage. According to her, some people think that rotten tomatoes, which are cheap, can be consumed after washing and heating. She, however, stressed that the toxins could not be washed or killed by heating “because myco

Nigeria and South Africa emerge from recession

Nigeria and South Africa emerge from recession Nigeria's economy has suffered from falling oil prices but the worst may be over. Key note:- Economic powerhouses back in credit after slumps Oil and agriculture rebound in Nigeria Agriculture surges in South Africa . Two of the largest economies in Africa are growing again after recessions. Nigeria's GDP expanded by 0.55% in the second quarter of 2017 year-on-year, according to the National Bureau of Statistics, ending five consecutive quarters of contraction. Quarter-on-quarter growth for the same period was 3.23%. And the South African economy grew by 2.5% quarter-on quarter for the three months to June 30 after two quarters of decline, according to official statistics. Insight:- Growth in Nigeria marks the end of its worst recession in 25 years. Africa's leading oil producer has been hard hit by falling prices for the commodity, which accounts for the majority of its export revenue. But the oil sector has recovered s

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NATIONAL ASSETS SALE

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Nigerian's: Sale of assets as dangerous policy myopia? ON September 27, 2016 I have just read the wide media coverage regarding the recommendations of the National Economic Council (NEC) as well as the Senate on the ways to reboot the economy out of the current recession. Times such as this require all brains at work and all hands on deck. Consequently, I commend both institutions for their patriotic duty in advising the President. Surely, the proposals are still mere advice or recommendations, and not approval as wrongly reported by some media. Only the President can approve any of those recommendations to become policy (both NEC and Senate are advisory bodies on matters of national economic policy). Without a doubt, several of the proposals deserve serious consideration. In particular, the Senate suggestion for active coordination between monetary and fiscal authorities is urgent. Furthermore, the suggestion to urgently review legislations that impede the economy and enact new