The office of the Accountant General has revealed that Nigeria’s revenue shared between the federal, state and local governments, increased by 16% to N465.19 billion ($1.5 billion) in January from the N400 billion ($1.31 billion) in December 2016. The shared amount includes statutory distributable revenue of N282.406 billion, Value Added Tax of N73.522 billion, exchange gains of N48.371...

The Federal Government of Nigeria has signed a €70 million European Development Fund support to improve maternal and child health care in the country. Speaking during the signing ceremony in Abuja on Tuesday, the Minister of Health, Isaac Adewole (photo), said the Nigerian government saw the need to pay much attention to the Primary Healthcare systems (PHCs) as it is the key strategy towards...

The Nigerian Minister of Agriculture and Rural Development, Audu Ogbeh (photo), on Wednesday, revealed that the Federal Government is targeting the production of 7 million tonnes of rice by 2018. According to him, the target, which is expected to be achieved Q2 of 2018 is aimed at meeting demands. “I think we have attained the level of being one of the largest producers of rice, even...

The Central Bank of Nigeria has injected $370.9 million into the interbank forex market as part of efforts aimed at easing the difficulties encountered in the funding of foreign exchange transactions. According to the Acting Director of the corporate communications department at CBN, Isaac Okorafor, the bank’s intervention in the forex market was the first wholesale intervention...

Nigeria needs about $28bn worth of investment to increase its daily crude oil production to 4 million bpd (from 1.9 million bpd in December 2016) and gas production to 10 billion cubic feet, according to the Nigeria Council of the Society of Petroleum Engineers (SPE). The Chairman of SPE, Saka Matemilola, who disclosed this at a media briefing in Lagos on Tuesday, said that such...

In a circular signed by Samir Taieb and Mabrouk Korchid, respectively Tunisian minister of agriculture and State secretary in charge of public domains and land affairs, it was revealed that 11,000 ha of lands will be given to small farmers in Tunisia’s remote areas. Commenting on the initiative on the sidelines of the Social economy and Solidarity Days, last Feb.20, Taieb said the areas...

Mali’s and Algeria’s ministers of energy, Malick Alhousseini and Noureddine Bouterfa respectively, are working on ways to implement the energy cooperation agreement established between the two nations in November 2016. The cooperation is to help Mali benefit from Algeria’s experience in terms of construction and management of solar and wind stations as well as in terms of power network...

Cote d’Ivoire recently signed with the African Development Bank (AfDB) three funding agreements valued at FCFA70 billion (€107 million) to support three agricultural projects which aim to modernize the nation’s agriculture. In details, the first project focuses on the development of agricultural value chains in the Indénié-Djuablin region which is in the Central-Eastern part of the...

In Togo, last Saturday, the people of Bè Massouhouin, angered, are demanding for the lands taken from them in 1977 by the government to be returned. “We, the people of Bè, initially had a total of 900 hectares of lands. However, the State took half of these saying it was for public use. It is on these lands that the State built all infrastructures found in the Lomé II area.” “The...

Qatar and Morocco signed a partnership agreement to build the Fask hydropower dam on the Oued Sayad 40 km East of Guelmin. The agreement was initialed in Rabat by Abdallah Daoussari, Qatar’s ambassador to Morocco, Charafat Afilal, Morocco’s deputy minister of Water and Mohamed Hassad, the Moroccan minister of interior. Fully funded by Qatar ($150 million), the Fask hydropower dam project...