Connect with us

Trending

NIPC says collated investment for 2020 was $16.74 billion

Published

2 months ago

on

The Nigerian Investment Promotion Commission (NIPC) has declared that the examined speculation for the year 2020 was $16.74 billion, which is down from the 2019 grouped figure of $29 .91 billion.

The NIPC revealed this in its Intelligence Newsletter report on Friday, refering to the worldwide pandemic as a main consideration for the diminished ordered venture figure for 2020.

NIPC uncovered it gathered a sum of 63 tasks in 21 states and the Federal Capital Territory for the year 2020. With Lagos State driving the quantity of activities at 24.

For esteem, Rivers State was the top state with grouped venture esteemed at $6 billion, trailed by Kaduna at $2.8 billion, Kogi at $1 billion and Lagos at $890 million

“The information further indicated that the assembling area had the most elevated number of tasks (10) just as the most elevated worth, $8.4 billion (50 percent).

“Transportation and capacity (28 percent), data and correspondence (11 percent), mining and quarrying (six percent) and Finance and protection (three percent) made up the main five areas for the year,” NIPC said.

NIPC uncovered that Singapore represented 36% of the declarations grouped during the time frame, trailed by China at 22% and the USA at 15%

What you should know

NIPC as of late reported that its Single Window Investors Portal (SWIP) would be dispatched in the primary quarter of 2021.

The Single Window Investors Portal is an e-business assistance gateway, an e-government activity that would encourage simplicity of business and interests in Nigeria when dispatched.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Trending

Video: Mojisola Oduola -Kabiyesi

Published

21 hours ago

on

April 21, 2021

By

At last the long awaited video is out . KABIYESI The unquestionable God.

watch and make sure you subscribe to my YouTube channel. May God bless you as you do so.

This will surely serve as my birthday gift from my love ones.
Click on the link below

CLICK TO DOWNLOAD

Continue Reading

Comedy

Funny tweets, memes and videos from Twitter NG for “Happy 420”

Published

2 days ago

on

April 20, 2021

By

Today’s date, April 20, stylised as 4/20 is a day worldwide commemorated by stoners or smokers of weed to celebrate marijuana. In short, it is treated as a public holiday for weed/marijuana and termed—Happy 420.

Twitter NG i.e users of Twitter in Nigeria, as it is the yearly custom are trending “Happy 420” as the number one topic in the country. While many really used the medium to share their unwavering love for weed, others have taken it upon themselves to make funny tweets, memes, skits and share several videos in relation to weed smoking and “Happy 420” as an entity.

While some tweeps take jab at those who don’t smoke weed but indulge in the “woke” culture by wishing stoners a “Happy 420”, others in their own way intentionally misinterpret certain scriptural verses for comedic purpose in order to aid and bait their smoking habits, still others take it upon themselves to disperse various memes which for sure will bring a smile upon your face. That’s not all, though, for we have some tweeps who did brainstorm to form some of the best puns concerning weed and stoners jokes ever. Well we can say irrespective of the way they passed their message regarding “Happy 420”, they all ended on a high note. Enjoy!

Continue Reading

Trending

FG to extend fuel subsidy for 6 months

Published

1 week ago

on

April 12, 2021

By

The Nigerian Government may have suspended plans to end its subsidy payments as reports indicate that the FG plans to spend N720 billion for the next 6 months on Premium Motor Spirit (PMS) subsidies.

This was disclosed in an exclusive report by The Guardian on Sunday, citing that President Muhammadu Buhari ordered that the subsidies remain in place for the next 6 months.

“Specifically, President Buhari has asked the Nigeria National Petroleum Corporation (NNPC) to suspend any idea on subsidy removal for five to six months so that a plan that does not harm ordinary Nigerians is evolved if the deregulation must go on,” a Government official said.

What you should know

NNPC GMD, Mele Kyari disclosed last month that the “NNPC may no longer be in a position to carry that burden because we cannot continue to carry it in our books,” after reports of fuel imports under-recovery revealed the FG was spending N120 billion a month on subsidy.
Kyari also hinted that they may soon start selling PMS at market prices saying: “NNPC importing PMS at market price and selling at N162/L. The actual market price should be between N211 and N234/L. Meaning is that consumers are not paying the market price.
“NNPC is currently the sole importer of PMS, and we’re trying to exit the underpriced sale of PMS. Eventual exit is inevitable, when it will happen I cannot say, but engagements are ongoing because the government is cognisant of the implications.”

Continue Reading

Trending

%d bloggers like this: