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Nigeria Saves $2bn From Local Cement Production, Says BUA Group

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Abdulsamad Rabiu
  • Nigeria Saves $2bn From Local Cement Production, Says BUA Group

Nigeria has saved $2billion from local production of cement in the country in the past one year, a development which culminated in the corresponding reduction in the import of the product.

The Chairman, BUA Group, Abdulsamad Rabiu, gave the indication on Tuesday, while speaking with State House correspondents at the end of a Presidential Industrial Policy and Competitiveness Advisory Council (PIPCAC), meeting chaired by Vice President Yemi Osinbajo at the Presidential Villa, Abuja.

He noted that the reduction in the importation of the product has equally reduced capital flight, saying: “The most important thing I think is that the cement industry in Nigeria has, and will continue to save Nigeria a lot of foreign exchange.

“If for example, you look at what we have produced in Nigeria today, maybe 25 to 30 million tonnes. If we quantify that in terms of foreign exchange it is almost $2billion per year. That is a lot of money being saved because if we do not have these cement plants definitely we have to import cement.”

He argued that there are more prospects for Nigeria to achieve higher savings from increasing local production of cement in the near future.

“We will be commissioning our Sokoto plant next quarter, early 2018, and also our Edo second cement line will come on stream probably by second quarter of next year.” he added

On the purpose of his visit to the Presidential Villa, he said: “We are here this evening to attend the monthly Presidential Advisory Council meeting with the Vice President, and we discussed a lot of issues.

“As you all know, this Council is one that is trying to bring private sector together with the government to come up with ideas on how we can improve on a lot of things most especially infrastructure, power, roads and so many other things. I believe this is a good thing.

“This is the third meeting we are having today, and we will have another meeting next month.

“The Council has made a lot of progress and a lot of areas have been identified that the government together with the private sector are going to work together to see that work can start as soon as possible.

“In fact, I believe last week, one of the ideas that we presented was deliberated upon at the FEC meeting, and approval was given. We are looking forward to another meeting, and I believe in the next few months a lot of things will take shape as far as this council is concerned,” he said.

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.

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FG Includes Emirates Airlines in Restricted Flights

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Emirates Airline

FG Restricts Emirates Airlines From Flying Nigeria

The Federal Government on Friday said it has included Emirates Airlines in the list of airlines not allowed to fly into Nigeria as part of measures to contain the spread of COVID-19 in Nigeria.

Hadi Sirika, the Minister of Aviation, disclosed this via his official Twitter handle on Friday.

According to him, the decision was taken after a meeting between members of the Presidential Task Force on COVID-19 and European Union ambassadors.

The minister said the ban would take effect on Monday, September 21, 2020.

The PTF sub-committee met today with EU Ambassadors to discuss Lufthansa, Air France/KLM ban. The meeting progressed well. Emirates Airlines’s situation was reviewed & they are consequently included in the list of those not approved, with effect from Monday the 21st September 2020,” Hadi Sirika tweeted.

“The PTF sub committee met today with EU Ambassadors to discuss Lufthansa, Air France/KLM ban. The meeting progressed well. Emirates Airlines’s situation was reviewed & they are consequently included in the list of those not approved, with effect from Monday the 21st Sept. 2020.

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FG to Absorb Exited N-power Beneficiaries into New Program

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Exited N-power Beneficiaries to Be Absorbed into Another Program

The Federal Government has commenced plans to absorb exited N-power beneficiaries into a new program in an effort to help them eke a living.

Sadiya Umar Farouq, the Minister of Humanitarian Affairs, Disaster Management and Social Development, made the statement at an interactive forum with state focal persons of the National Social Investment Programmes in Abuja.

She said: “As we renew our commitment to the service of humanity, I will like to cease this opportunity to once again state that we have successfully exited Batch A and B of the N-Power beneficiaries in June and July respectively and we are still working towards ensuring a transition plan that will further engage or absorb them into other programmes.

Sadiya also stated that the selection process of the Batch C N-power application will be thorough and base on merit.

We have also received over 5 million applications from proposed N-Power Batch C and we are currently in the process of selecting the qualified beneficiaries coming into the programme.

“I assure all the applicants and Nigerians that the selection process will be transparent,” she said.

She added that, “I wish to reiterate that I have given approval for the payment of stipends for the exited beneficiaries of batches A and B up to the month of June 2020 including that of the independent monitors. Also, the final payment of stipend for Batch B is almost ready for transmission to the office of the Accountant General of the Federation for final checks and payment.

The minister urged state coordinators to discharge their duties diligently and not let her down.

It is against this background that I urge everyone of you to continue to give in your best to ensure the lives of those we are called to serve are made better.

“We must not lose sight of the fact that each one of the vulnerable persons are not mere numbers or statistics but real people with dreams, hopes, aspirations and a desire to live decent lives in peace and safety,” he submitted.

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FG Says All Airports Are Now Open for Domestic Flight Operations

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All Airports Are Now Open for Domestic Flight Operations Says FG

The Federal Government on Monday said all airports in the country are officially open for domestic flight operations.

This was disclosed by the Minister of Aviation, Hadi Sirika, during the briefing of the Presidential Task Force on COVID-19 on Monday in Abuja.

Hadi, however, noted that operators flying into private-owned airports must know the status of such airports.

Speaking at the PTF Briefing, the minister said there is no need for flight approval within Nigeria again as all airports are now opened for domestic operations.

He said, “All airports in Nigeria are now open for domestic flights, including those that are for private charter operations.

“They (operators) will no longer need approvals from us to operate domestically within government-owned airports. However, for the private airports, operators should check their safety status with the Nigerian Civil Aviation Authority.

“Such airports are Jalingo, Uyo, Asaba, Gombe, Nasarawa, Damaturu, Osubi, etc. So you don’t need any approval from the minister, but you should check the status of these airports with the NCAA.”

Commenting on international chartered flights, the minister said they need approvals to flight out of the country.

He said, “All flights out of the country that are private charter will still need approvals for those kind of flights, including technical stops.

“So with this, it means that the approvals that are sent via the NCAA, NAMA and myself will cease and if there is any change, it will be so advised accordingly.”

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