News
2017 Budget Receives N1.2trn Boost
By Chioma Isaac with agency reports
The Federal Government has said that it will this week release additional N750 billion for capital projects to ministries, departments and agencies (MDAs) of government as contained in the 2017 budget,
Minister of Finance, Kemi Adeosun who disclosed this at a meeting with a delegation of investors from France said government had earlier this year released N450 billion for the capital projects.
She told the delegation, made up of representatives of 30 companies, that with the injection of N750 billion into capital vote, government would have invested N1.2 trillion on infrastructure in the country.
Speaking further, the Minister also told the delegation, who expressed readiness to invest in key sectors of the Nigerian economy, that “what the government is doing is to provide enabling infrastructure that will bring potential into reality.
“Last year (2016), we released N1.3 trillion of capital and so far this year we have released N450 billion and this week, we will release another N750 billion and this will take the release to N1.2 trillion by the end of the year”, she stated.
In his remarks, the Head of the French delegation, Mr Philippe Labonne, said the investors had indicated interest in key sectors of the economy such as banking, infrastructure, renewable energy, Agriculture and youth empowerment.
He said the decision of the companies to invest in Nigeria was taken following a directive by government of France for French companies to increase their investments in Nigeria just as he described the Nigerian economic environment as encouraging, following the recent stability in the country’s foreign exchange market.
To achieve their investment objective, Labonne said, most of the French companies would form strategic partnerships with their Nigerian counterparts.
“We are here to assess the investment environment in Nigeria to enable us to take advantage of the opportunities.
“We have about 30 companies in this delegation in sectors such as infrastructure, services, agriculture and banking and the purpose of this meeting is to identify key sectors where we can invest.
“We are interested in many areas such as energy, agriculture, services, especially toward youths and we will identify other areas subsequently”, he added.
Before the meeting with Adeosun, the delegation had earlier met with Ms Yewande Sadiku, the Executive Secretary, Nigerian Investment Promotion Commission.
Sadiku had told them that Nigeria remained a top destination of capital inflows in the African continent.
She said “Nigeria is strategically located in Africa to serve the needs of many countries as regional hub to the continent.
“We have a compelling population that provides the market which means that Nigeria can serve as manufacturing hub for investors.”
She expressed delight over the interest of the investors in Nigeria, noting that France was one of the many countries that Nigeria was targeting in its investment strategy.
On investment inflows, Sadiku said France appeared as number 10 on the chart and represented about N1 billion of the capital inflows into Nigeria
Former President Goodluck Ebele Jonathan and former First Lady Patience Ibifaka Jonathan recently celebrated a significant family milestone as they attended the graduation ceremony of their son, Ariara Goodluck Jonathan, at Manchester Metropolitan University in the United Kingdom.
The proud parents joined family members and well-wishers to witness Ariara receive his degree, marking the successful completion of his academic programme. The occasion was filled with joy as the Jonathan family commemorated the achievement, highlighting the importance they place on education and personal development.
The graduation ceremony attracted warm congratulatory messages from friends, associates, and admirers, who wished the graduate continued success in his future endeavours.
The Following names joined the political family of Sen. Dr. George Akume today after leaving the sinking Alia ship .
Under the leadership of Barr. Emmanuel Jime .
The are ;
Chief Nelson Alapa
Douglas pepe SAN senatorial Aspirant zone A,
Engr Peter Ashiekaa
QS Clement Beetseh
Former commissioners
Joy Luga
Ann itodo
Barr martins Shaagee
Miss Dorcas
Prof Usar Joseh
Prof Cephas Tushima
Chief Patrick Idoko
Hon Patience Akor
Hon Fred Idoko
Hon Lawrence Ekpo Onoja Jnr
Hon Andrew Abah
Hon Agbo Innocent Ikwumonu
Hon Simon Omachoko
Hon David Egboja
Dr John Garba
Among together,
Engr. Bello Babayo Bello, FNSE, Executive Director (Networks) of the Niger Delta Power Holding Company (NDPHC), has extended his heartfelt congratulations to Vice President Senator Kashim Shettima, GCON, on his renomination as the Vice Presidential candidate for the 2027 general elections, alongside President Bola Ahmed Tinubu, GCFR.
In his message, Engr. Bello described the renomination as a beautiful affirmation of the Vice President’s enduring commitment to Nigeria’s unity, stability, and prosperity. He noted that Senator Shettima, himself a former Senator of the Federal Republic, has consistently embodied resilience, foresight, and a deep sense of responsibility, qualities that continue to inspire confidence across the nation.
“This renomination is a shining testament to your unwavering dedication to the Nigerian people,” Engr. Bello stated. “It reflects the trust of the party and the citizens in your ability to guide our country toward greater progress, peace, and prosperity. Your leadership has been a beacon of hope, and this endorsement is richly deserved.”
Engr. Bello further emphasized that Senator Shettima’s political journey has been marked by courage and service. From his tenure as Governor of Borno State to his current role as Vice President, he has consistently championed initiatives that address national challenges, foster economic growth, and promote inclusive development.
As a leader in the power sector, Engr. Bello highlighted the importance of visionary leadership in driving infrastructure and energy reforms. He expressed confidence that Senator Shettima’s continued role in government will further strengthen Nigeria’s capacity to deliver reliable power, expand opportunities, and improve the quality of life for millions of citizens.
He prayed that Almighty Allah grants the Vice President wisdom, strength, and good health to continue serving the nation with distinction. “May Allah bless your efforts, guide your decisions, and grant you success as you carry forward the responsibility of leadership,” he added.
The message concluded with a reaffirmation of goodwill and support: “Congratulations once again, Your Excellency. We look forward to your continued contributions to the peace, progress, and prosperity of Nigeria.”
Signed:Engr. Bello Babayo Bello, FNSEExecutive Director (Networks)Niger Delta Power Holding Company (NDPHC)
Goodluck Jonathan’s Family Celebrates Son’s Graduation in UK
2027 BENUE GUBER: MORE TROUBLE FOR GOV ALIA
ENGR. BELLO BABAYO BELLO FELICITATES VICE PRESIDENT KASHIM SHETTIMA ON RENOMINATION
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