Category Archives: Nigeria Business

Reps Move To Review Chinese Loan Agreements

The House of Representatives has said it would review all loan agreements and conditions signed by the Federal Government.

The Vice- Chairman of the House Committee on Aid , Loans and Debt Management , Mr Chris Azubogu, stated this in an interview with newsmen.

He said the House generally is concerned about the loan agreement and they are reviewing all the terms and conditions to know what they are like . He added that the reviewing about all loans and agreements .

Recall that the committee raised the alarm over loan agreements Nigeria signed with China . The lawmakers said the agreement might force Nigeria to concede its sovereignty to the Asian country if the loans were not paid back .

However, the Minister of Transportation , Rotimi Amaechi, who appeared before the committee, asked the lawmakers to stop the investigation into the Chinese loans.

He said the probe would send a wrong signal to China , which could stop the loans , thereby thwarting the nation’ s rail projects .

A member of the Treaties , Protocols and Agreements, who spoke on condition of anonymity , stated that the lawmakers would not back down on the probe .

Over 5 Million Youths Jostle For 400,000 N-Power Jobs

The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq has revealed that the ministry has received not less than 5 million applications from Nigerian youths for the ongoing Batch C N-Power programme registration.

The Minister who said this in a series of tweets said this that she is happy to announced that the ministry has received over 5 million applications after one month after the portal opened for Batch C underlining enthusiasm for the programme.

She also said that in a bid to extend the opportunity to all Nigerians and ensure it is truly inclusive, the portal will close at midnight on August 8, 2020.

The N-Power programme was inaugurated by President Muhammadu Buhari in 2016. Thousands of beneficiaries are spread across key industries targeted by the programme including Agriculture, Health, Education, and Tax.

Last month, the ministry announced the disengagement of both batches A and B volunteers.

‘We Have Large Campuses With Small Population, Allow Us To Resume’ Private Universities Begs NUC

Private Universities in Nigeria has submitted a request to the National Universities Commission (NUC) that it is high time the university governing body allowed the private owned universities to reopen as they are fully ready for resumption.

The Chairman of the Committee of Vice- Chancellors and Registrars of Private Universities , Prof . Timothy Olagbemiro, made this known in an interview that the private universities had big campuses with small population which would give room for social distancing.

He also maintained that resumption would be done in phases , adding that university laboratories also needed to be opened for researches to take place.

Olagbemiro also said that once the NUC has given the green light, they will put everything needed in place. He added that they don ’ t want to resume fully but they will do it in phases whereby the year one and graduating students can resume to take their final exams after which the year two and three will follow suit.

He also said that it is just the high time the government allowed the private universities to reopen because opening of academics will enhance more research to fight the Covid-19 pandemic as well as others things.

The Chairman concluded that he hope that the NUC consider their request, putting in mind that they are job providers and they needed to pay salaries which can’t be done when schools remain closed.

Amechi: FG begins construction of Lagos-Kano railway

After months on break due to the COVID-19 induced lock-down, the Federal Government on recently announced it will commence construction work on the Kano-Kaduna section of the Lagos to Kano rail line.

According to the Minister of Transportation, Rotimi Amaechi, workers were deployed to site to begin construction on the multi-billion naira rail project on Wednesday. Amaechi, who disclosed this in a tweet via his verified Twitter handle, also posted pictures of contractors and trucks on the project site.The minister said, “On site, contractors move in for the commencement of the Kano-Kaduna section of the Lagos-Kano rail line.”

More details are expected on this developing story….

‘No Hazard Allowance in UK’ Health Minister Persuades Doctors Not To Leave

Nigerian doctors who are willing to leave the country for job abroad has been told by the Minister of Health, Osagie Ehanire that there is no such thing as ‘hazard allowance’ aside from their salary in the UK.

The Minister of Health in a speech at the Presidential Task Force, PTF, on COVID-19 briefing on Thursday, said the government was working on ensuring better welfare for the doctors.

Ehanire reacting to the news on on the doctors that were denied boarding for the UK at Lagos Airport last week said the government was surprised to hear that they were at the airport when many of them did not have visas.

He debunked the rumour the doctors have since left the country without a visa.

The minister also said in the medical practice, doctors who have been trained by scholarship and they’re on a job have a moral responsibility to give back to the community. He added that even now, Nigeria has large numbers of Nigerian doctors in the UK, United States and in Europe, who apply to come every year to come and serve, even though they were not even trained here or they were not even trained at state’s expense.

He added that they have the obligation to come and give back to the community and that it’s just a moral obligation. He then said it happens every year and it is called the Diaspora Health Professionals Initiative.

Ehanire further said Nigeria unlike other country does not have a policy on restricting movement which is why it is easy for some professionals to be thinking of leaving the country.

He however stated that the government are trying to make sure that the remuneration of the doctors is good and added that Nigeria is perhaps one of the few countries that are actually giving what is called hazard allowance.

The Minister said the UK is one of country there’s no something like hazard allowance.

“They don’t give doctors a hazard allowance. You just get your salary, that’s all”. He said.

He also urged state governments to prioritise the employment of doctors as part of efforts to encourage doctors to stay.

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