By Olawale Ajimotokan in Abuja, Nume Ekeghe and Dike Onwuamaeze in Lagos
Economic analysts and representatives of the organised private sector (OPS) have warned against a second lockdown in the country, expressing concerns about possible job losses even as the added that efforts at stimulating economic activities to facilitate an earnest recovery from recession would be hampered.
They warned that any total lockdown of the economy will lead to huge economic and social costs that the country will not be able to manage, adding that what is needed right now is a firmly articulated risk management framework on the spread of COVID-19.
Ade Adefeko. Remember the name; we do not meet men like this every day. A consummate commercial diplomat, an enviable polyglot, and a record-setting Nigerian who has just been named Botswana’s first honourary consul to Nigeria in Lagos. He’s the first person in Nigeria’s 60-year history to be so honoured.
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But what exactly makes the man, Ade Adefeko?
Born in Nigeria a decade after independence, Adefeko has gone on to become a citizen of the world, travelling nearly 50 countries in 50 years. These trips are not without cause; the consummate commercial diplomat has worked in various sectors of many global economies; from health to agric, from communications to trade and most recently making giant strides in international diplomacy.
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•Tariff increases to continue till Discos cover costs, says NERC
Ndubuisi Francis, Chuks Okocha, James Emejo, Onyebuchi Ezigbo, Emmanuel Addeh in Abuja and Dike Onwuamaze and Peter Uzoho in Lagos
Analysts, the Organised Private Sector (OPS), labour and the Peoples Democratic Party (PDP) yesterday decried a review, by the federal government, in electricity tariffs, especially amidst the current economic challenges occasioned by the COVID-19 pandemic.
They faulted the timing of the tariff adjustment, considering the economic hardship and recession which have eroded the purchasing power of Nigerians.
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), the Lagos Chamber of Commerce and Industry (LCCI), the Nigeria Labour Congress (NLC), Trade Union Congress (TUC), a former Director General, Abuja Chamber of Commerce and Industry (ACCI), Dr. Chijioke Ekechukwu; Managing Director/Chief Executive, Credent Investment Managers Limited, Mr. Ibrahi
Buhari signs 2021 Budget of N13.588trn, Finance Act
On
By Johnbosco Agbakwuru, Yinka Kolawole & Nkiru Nnorom
PRESIDENT Muhammadu Buhari, yesterday, signed the 2021 Appropriation Bill of N13.588 trillion as well as the 2021 Finance Bill into law.
He also issued stern warning to agencies of government saddled with revenue generation to work hard to meet their targets or face severe sanction.
Speaking at the signing ceremony that took place at the Council Chamber, Presidential Villa, Abuja, President Buhari hinted that he will soon send a borrowing plan to the National Assembly since the 2021 budget has deficit and in view of the amendments made to the executive proposals by the lawmakers, he would revert to them for amendments, virements or other necessary adjustments.