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Boeing Meets FG Over National Carrier

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  • Boeing Meets FG Over National Carrier

The globally renowned aircraft manufacturer, Boeing, has met with the Federal Government to discuss the setting up of a national carrier for Nigeria.

Although the government did not disclose if it had chosen Boeing as its partner for setting up an airline for the country, it stated that the meeting with the aircraft manufacturer was in furtherance of its resolve to establish “a new carrier soon.”

The Minister of State for Aviation, Hadi Sirika, who disclosed this in his most recent tweet, noted that the meeting between the Federal Government and the team from Boeing was held in his office in Abuja.

On his Twitter handle, @hadisirika, the minister stated that on Friday afternoon, “in my office, I met with the Boeing team in furtherance of our resolve to set up a new carrier soon.”

In November last year, the Federal Government announced that two major internationally renowned aircraft manufacturers, Airbus and Boeing, had indicated interest in Nigeria’s national carrier.

Sirika had stated that the manufacturers expressed willingness to discuss their interest with the government.

The minister had said, “Boeing said they can’t wait to discuss their proposal for the Nigerian national carrier. Will sign a MoU at the IWAF (ICAO World Aviation Forum).”

In another tweet, he stated, “Airbus signified interest in our national carrier and our MRO (Maintenance, Repair and Overhaul). Will discuss further during the upcoming ICAO forum.”

On several occasions, Sirika had announced the Federal Government’s determination to establish a national carrier as well as a facility for the MRO in order to reposition the country’s aviation sector.

Transaction advisers for the national carrier and the MRO had since been announced and unveiled by the Federal Government.

However, Sirika’s latest tweet on the new airline was greeted by criticisms and commendation by his followers.

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

FG Says Nigeria’s Rice Production Rises by 1.2mmt in Three years

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FG Interventions Boost Rice Production by 1.2mmt in Three Years

The Federal Government has said the nation’s rice production increased by 1.2 million metric tonnes within three years due to its interventions in the rice value chain.

This was disclosed by Mustapha Shehuri, Minister of State for Agriculture and Rural Development, in Omor and Umerum at Ayamelum Local Government, Anambra State while assessing the Federal Government rice farms/mills project there.

He added that the federal government is working on revitalising its rice farm in Anambra to boost rice production, increase new jobs and improve the standard of the people in the state and Nigeria at large.

The minister was quoted as saying, “The present administration has provided various interventions to promote investment in the rice sector.

“As a result of these interventions, the country has increased its production from 4.8 million metric tonnes of milled rice in 2015 to over six million metric tonnes by 2019 with huge reduction in the nation’s deficit.

He added that President Muhammadu Buhari administration is pursuing and implementing programmes to achieve self-sufficiency in rice production because of its strategic importance as a major staple food crop.

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Economy

Lagos State Declares N89bn Surplus in 2019 After BudgIT False Report

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Lagos State Economically and Financial Stable, Declared N89bn Surplus in 2019

Lagos State, Nigeria’s commercial capital, has declared an impressive N89 billion surplus for the year ended 2019.

This was disclosed in the state’s 2019 Audited Financial Statements.

The report was released following BudgIT, a public sector-focused financial information house, recent report titled ‘Ability of States to Meet Monthly Recurrent Expenditure and Loan Repayment Obligations, 2019’, that claimed the state was among states that can not meet monthly recurrent expenditure and loan repayment obligations.

A report, BudgIT later withdrew and apologised for misleading the public as several factors were not taken into consideration during the report. It added that Lagos was financially buoyant, and the only state with such financial capacity to function without federal allocations.

On Monday, Dr Rabiu Olowo, Lagos State Commissioner for Finance, in a statement to media houses, said the state was economically and financially buoyant.

In the statement titled ‘Lagos financially, economically stable’ said the commissioner said the state is presently doing 103 percent of the budget targets despite COVID-19, this he said is well above 2019 figures.

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Economy

Buhari to Inaugurate Nigeria’s First Standard Gauge Train in Itakpe-Warri Today

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Nigeria’s First Standard Gauge Train to Be Inaugurated Today

President Muhammadu Buhari will be in Itapke-Warri today, September 29, 2020 to inaugurate Nigeria’s first standard gauge train, the Itakpe-Ajaokuta-Warri rail line.

Fidet Okhiria, the Managing Director, Nigerian Railway Corporation disclosed this on Sunday.

Okhiria explained that President Buhari will conduct the inauguration virtually and not be physically present at the event.

He, however, said Mr. Rotimi Amaechi, the Minister of Transportation, would lead other members of the Federal Executive Council as well as other government functionaries to the event.

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