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Abuja — Faced with dwindling revenue due to government's withdrawal of funding and growing housing demand, the Federal Housing Authority (FHA) has entered into a partnership with a private developer for construction of 260 housing units in Guzape District, Federal Capital Territo...
By AGENCE FRANCE PRESSE, ABUJA, Nigeria, Feb 28 –The past 2016 was a difficult year for Nigeria, its economy suffered constraction last year, but the oil sector showed signs of recovery, which raised hopes for the end to recession.
The Federal Government has set a target of attracting more than $10 billion of fresh investments in the oil and gas industry in the next five years, Minister of State for Petroleum Resources, Ibe Kachikwu, said on Tuesday.
While it is important to note that the implementation of the 2016 budget would be ongoing till May 2017, the President Muhammadu Buhari's administration has proposed an increased budget estimate for the mining sector in the 2017 budget proposal.
thiopians and foreign nationals of Ethiopian origin residing in Beijing, China, have pledged to purchase bonds worth 14,000 USD to finance the construction of the Grand Ethiopian Renaissance Dam (GERD).
The solid minerals sector had been targeted by the previous administration to contribute 5% to the GDP by 2015 and 10% to GDP by 2020, but present contribution of the solid minerals sector to GDP averages only about 0.46%.
The Federal Government is thinking of the possibility of revitalising the local sources of dye to serve as a viable substitute for the synthetic dyes, the Minster for Science and Technology, Dr Ogbonnaya Onu, has said.
The Federal Government will soon ban importation of foreign tomato pastes into the country, the minister of agriculture, Chief Audu Ogbeh has said.
The Manufacturers Association of Nigeria, MAN, on Thursday said Central Bank of Nigeria's flexible exchange rate policy had culminated to N500 billion loss for manufacturers.