The recent Central Bank of Nigeria‘s Monetary policy Committee‘s decision, to continue its hiking of interest rate, by another 100 basis points to 16.5% has elevated the debate on where the preference should lie. Inflation lowering is a core mandate for all central Banks. Monetary stability is important for economic well-being. The issue is, should…
The CBN-Reset: Will The Reform Go All The Way?
Of recent, the debate has been about the Central Bank of Nigeria’s (CBN) intention to redesign Nigeria’ s National currency, the Naira, and reprint the three largest denominations and calling in the old notes for cancellation. The debate, essentially, has been about whether this is a good or bad policy. Like anything else, every good…
Edo NUJ Accuses Nigeria Gas Coy of Sabotaging Operations of Ossiomo Power Plant As Customers Experience Blackout
The Edo State Council of the Nigeria Union of Journalists, NUJ, has berated the Nigera Gas Marketing Company for alleged sabotage of the services of the Ossiomo Power Plant which operations are being hampered by inconsistent gas supply. The NUJ called on the Federal Government, the national security institutions, the state government, and all other…
2023: Edo PDP Government Mops Up Campaign Billboards, Leaves Billboard Owners, Opposition Parties in a Fix
Amidst allegation by the Billboard Owners Association in Edo State that its members have been warned by the governor, Godwin Obaseki, against accepting patronage by the All Progressives Congress, APC, and other opposition political parties as campaigns rev up for the 2023 general elections, the government has admitted mopping up all available campaign billboards in…
Obaseki Set to Lift Ban On Gold Mining in Edo Community, Promises Enhanced Security
The Edo State Government will soon lift the ban on illegal gold mining in Dagbala community in Akoko-Edo local government area of the state. An indication to this effect was given by the Commissioner for Mining and Energy, Ethan Uzamere, an engineer, when he inspected buildings for security personnel in the community as part of…
Reviewing The Infrastructure Development Debacle
The often loud claims of infrastructure development by the current government has not resonated well with the Nigerian public, because what has been delivered, is too little to cheer about, mainly because of the wrong financing strategy, with all the associated limitations. These limitations have led to delayed delivery, higher cost and overall inefficiency and…
Obaseki Seeks Synergy With Stakeholders for Tourism Master Plan Design
The Edo State Governor, Godwin Obaseki, is seeking the collaboration of stakeholders in developing a master plan for the tourism sector that would impact on socio-economic development and improve livelihoods of Edo people. The governor, at a workshop held at the government house, Benin, organised for Ministries, Departments and Agencies, (MDAs) with a view to…
More Edo Communities to Enjoy Stable Electricity from Ossiomo Power Plant – Igiehon, MD
The managing director of Ossiomo Power Plant in Edo State, Dr. Uwa Igiehon, has assured that communities across the three senatorial districts of the state will soon start to enjoy stable electricity supply, courtesy of the company. Speaking on Sunday at a media briefing, Igiehon said this is in line with Governor Godwin Obaseki’s renewed…
Illegal Demolition: We Never Ceded our Land to Oba of Benin says Ulegun Community, As Property Developer Laments Loss of Over ₦38m
One of the victims of the controversial demolition of houses at Ulegun community in Ikpoba-Okha local government area of Edo State, Osaro Ihankpan, a property developer, has been counting his losses, and has therefore demanded justice. Ihankpan, who lamented the destruction of his houses, said four other house owners affected by the demolition last week,…
Edo Boasts of Largest Oil Palm Programme in Africa
Edo State Governor, Godwin Obaseki, is upbeat about the state’s strides in the agriculture sector as exemplified in the growing of the largest oil palm project in Africa. Governor Obaseki explained that this was part of efforts to tap from the state’s natural endowments and decouple from the oil economy in its economic diversification drive.…
WhatsApp us