Connect with us

Business

Reps Threaten Transportation Ministry With zero Allocation

Published

on

House of representatives
  • Reps Threaten Transportation Ministry With zero Allocation

The House of Representatives on Tuesday said the Ministry of Transportation would get zero allocation in the 2017 budget if it failed to provide clear explanation and figures on how it spent the funds appropriated to it in the 2016 fiscal year.

According to the lawmakers, the ministry has not spent the over N243bn that it has so far received for the implementation of some of its 2016 budget items.

They stated this at the headquarters of the ministry in Abuja during an oversight visit.

The visiting lawmakers were members of the Joint House of Representatives Committees on Aviation, Land Transport, Maritime, Safety and Administration, as well as Ports, Harbours and Waterways.

The Chairman, House Committee on Maritime, Safety and Administration, Mohammed Bago, told journalists after an extensive session with the ministry officials, led by the minister, Rotimi Ameachi, that the lawmakers were not in any way satisfied with the presentation and documents made available by the ministry.

He said the figures in the ministry’s budget performance document for 2016 were not consistent, adding that the House had demanded that a new document on its expenditure should be provided to the National Assembly if the ministry wished to get budgetary allocation for this year.

“Most of the figures in the document they presented are not consistent and that is why we have asked for a new document as well as other related documents in order to ascertain the value of what the projects they talked about really is,” Bago said.

On whether the House would appropriate funds for the ministry, Bago stated, “Not yet, until we have a clear document. Let me tell you and reassure you of something, if we don’t have the facts and figures, the Ministry of Transportation will get zero allocation.

“Let me tell you something, they have received N243bn and they have not spent it; when other people like Ministry of Health need funds, because people are dying of meningitis. The Nigerian Army officers are dying in Sambisa because there’s no money to fund the soldiers and the Ministry of Transportation is sitting on billions of naira released to it without utilising them.”

Bago added, “If not because of the extension that was given to them till May, by the end of this month, this money would have been swept by the Ministry of Finance. We have just come out of a presentation and based on the presentation they gave us, we have seen zero spending.

“So, as far as we are concerned and based on the document they have given us, what we see is zero spending. Unless they give us the document to show that they spend this money, we cannot continue to allocate funds to them.”

The Chairman, House Committee on Land Transport, Aminu Sani, wondered why Ameachi would announce that his ministry planned to extend some rail line projects beyond their original points of termination when constructed.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Business

Ellah Lakes Partner Ondo State Government to Develop Oil Palm, Cassava in the State

Published

on

The management of Ellah Lakes Plc said it has partnered with Ondo State Government to develop and manage 5000 hectares of land for the purpose of cultivating oil palm and cassava in Ondo State, Nigeria.

The company stated in a statement signed by Kenechi Ezezika, Company Secretary, Ellah Lakes Plc.

Speaking on the development, the Chief Executive Officer, Chuka Mordi said: “This is a significant landmark for the Company in the development of our landbank, & we are very excited to be working with ODSG.

I am delighted that we are fulfilling our strategic objective of progressively expanding our land bank & diversifying our portfolio and production base. I am also glad to say that the intercropping programme in Edo State is progressing steadily & we have achieved our first milestone of 100Hectares of Cassava with the participation of personnel of the Agricultural Development Program (ADP), in Edo State”.

The Special Adviser on Development & Investment to the Ondo State Governor/ Chief Executive Officer of Ondo State Development and Investment Promotion Agency (ONDIPA), Mr. Akinboye Oyewumi, who also spoke on the development said: “We are pleased with this collaboration with Ellah Lakes Plc., and we look forward to a mutually beneficial, valuable and fruitful venture.”

Continue Reading

Business

Unilever Nigeria Appoints Mr Jaime Aguilera as a Non-Executive Director

Published

on

Unilever Nigeria Plc

Unilever Nigeria Plc announced it has appointed Mr. Jaime Aguilera as a Non-Executive Director of the company effective from January 2021.

The company stated in a statement filed with the Nigerian Stock Exchange.

Mr Jaime Aguilera worked with Coca-cola, Nestle and Procter & Gamble before joining Unilever as Executive Vice President Unilever Eastern Europe in September 2016.

Therefore, his experience spans from Europe, Americas and Asia.

His key expertise areas are “in Sales & Marketing and he has lead teams in Spain, Brazil, South Eastern Europe, Middle East, Mexico and Global teams.

“In 2009, he joined Unilever Spain as EVP & Chairman and then moved to his current role as Unilever Executive Vice President Africa, leading the Unilever business in Africa. Jaime is of Spanish origin and is an alumnus of the Universidad Pontificia de Comillas- ICADE. Jaime majored in Economic Sciences, Management & Business Administration.”

Continue Reading

Business

MTN Nigeria, Gameloft Partner to Increase Access to Variety of Exciting Games

Published

on

MTN 1

MTN Nigeria announced it has partnered with Gameloft, a leader in the development and publishing of games, to increase access to a variety of fun and exciting games online.

The telecommunications giant in collaboration with its new partner, Gameloft announced the launch of MTN Gameworld, a new gaming platform for its subscribers.

According to MTN, the new platform will allow the Nigerian growing gaming community access to a lot of unique games online through an extensive premium catalogue from Gameloft and other renowned publishers.

Commenting on the partnership, Srinivas Rao, the Chief Digital Officer, MTN Nigeria, said, “We are constantly seeking to deliver innovative products that support the aspirations of our customers, whilst delivering superior user experience. This partnership allows us to provide our customers with access to a variety of exhilarating games from Gameloft and other leading publishers at an affordable rate.”

MTN Gameworld will allow subscribed customers access to a variety of games, which they can play at subsidised data rates through the MTN Gameworld app. Android, iOS and Windows phone users can subscribe via SMS, app, web, USSD menu (*447#), 131 USSD menu and any other MTN customer channel.

Continue Reading

Trending