Category: Economy
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NEDC Partners Private Firm To Train 50 Young School Leavers As Electrical Technicians
By Abdulkareem Haruna MAIDUGURI, Nigeria – The North-East Development Commission (NEDC) has partnered with Mainstream Academy, a subsidiary of Mainstream Energy Solution, to provide an eight-week skills training program for 50 electrical technicians across the North-East Zone. The announcement was made by the Commission’s Managing Director/CEO during the opening ceremony held at the Commission’s headquarters…
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Analyzing Nigerian Minister of Agriculture’s Ambitious Plan for Agriculture and Food Security
By Abdulkareem Haruna Nigeria’s new Minister of Agriculture, Senator Abubakar Kyari, recently outlined an ambitious multi-year plan to overhaul the country’s agricultural sector and boost food security. While the initiative appears comprehensive and well-intentioned, its success will likely hinge on effective implementation, stakeholder cooperation, and sustained investment. Before we take a dive into Minister Kyari’s…
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Warren Buffet’s Right Hand Man, Charlie Munger Says AI Over-hyped, Insists Crypto Investments Stupid
By Abdulkareem Haruna (Source: FORTUNE)/ Charlie Munger, the 99-year-old vice chairman of Berkshire Hathaway, controlled by Warren Buffett, is casting doubt on the growing frenzy surrounding artificial intelligence (AI) investments. Despite the billions of dollars flooding into the AI sector, Munger believes it may be receiving more hype than it deserves. During a recent appearance…
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Borno Governor Unveils 70 New Buses to Subsidize Transportation Woes
By Abdulkareem Haruna Borno State Governor, Babagana Umara Zulum, on Monday evening, unveiled a new fleet of 70 buses for metro transport and to ease the movement of civil servants to their various places of work. “The initiative aims to alleviate the burden of commuting for both government employees and the general public,” Governor Zulum…
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NEDC Performs Groundbreaking Ceremony for 22.5km Rural Road
By Abdulkareem Haruna The North-East Development Commission (NEDC) has commenced work on a 22.5km rural road project, expected to significantly boost transportation and farming in Borno State. The groundbreaking ceremony was performed by Nigeria’s Vice President, Kashim Shettima, in Ngwom village in Mafa. This road network, stretching for 22.5km, will link Ngwom, Koshebe, Gongulon, Zabarmari,…
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Borno State Inaugurates First-of-its-Kind Underground Pedestrian Underpass
By Abdulkareem Haruna Borno State’s Governor, Babagana Umara Zulum, officially opened a pioneering underground pedestrian underpass on Friday, designed to enhance road safety by allowing vehicles to drive overhead while pedestrians cross beneath. The innovative infrastructure project, located near the renowned Gamboru market in Maiduguri, was initiated in response to the risks associated with pedestrian…
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EDITORIAL: On Governor Zulum’s N2 Billion Loan to Borno Organised Labour
By Abdulkareem Haruna Governor Babagana Umara Zulum’s recent initiatives in Borno State, including the allocation of a N2 billion interest-free loan to workers, increased gratuity payments, and enhanced transportation, are strategic moves that not only foster a harmonious relationship between the government and workers but also stimulate the local economy. These measures are particularly crucial…
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Borno State Government Distributes Food Palliatives to 3000 Households Amid Fuel Subsidy Removal
By Abdulkareem Haruna In an effort to mitigate the economic impact of the fuel subsidy removal, the Borno state government continued its food palliative distribution to selected vulnerable individuals on Tuesday, Aug. 22. A total of 3,000 household heads were recipients of this food aid. The food aid, comprising rice and maize, is funded by…
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Borno State Begins Emergency Food Assistance Program for Economically Stricken Residents
In response to economic pressures caused by rising fuel costs, Borno State initiates a food aid campaign to assist 1.8 million of its most at-risk citizens; recipients express appreciation for the support.
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First Independent Petroleum Import Arrives Nigera; Ends NNPCL’s Monopoly
By Abdulkareem Haruna The arrival of the first independent petroleum import, carried by the vessel ST Nnene, signifies a landmark shift in Nigeria’s downstream oil market. A 27 million litres batch, imported by Emadeb Energy, arrived at Ijegun-Egba on Wednesday, breaking the monopoly previously held by the Nigerian National Petroleum Company Limited (NNPCL). The vessel…
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