FG attracts $1bn investment into automotive industry FG attracts $1bn investment into automotive industry
• As Reps uncover multi-billion naira extra-budgetary expenditures by MDAs
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The Federal Government, on Wednesday, disclosed that it attracted over $1 billion investment into the automotive industry in the year 2019.
Director-General of National Automotive Design and Development Council (NADDC), Mr Jelani Aliyu, disclosed this at the opening of the two-day investigative hearing held at the instance of the Ad-hoc Committee into the financial budgetary approvals and multilateral donation on skills acquisition and related programs of Federal Government and its agencies, chaired by Hon Victor Akinjo.
He said: “We have the core responsibility of developing the automotive sector, that’s to encourage and promote the assembling and production of the vehicle in Nigeria as opposed to continued importation of them from overseas and exporting jobs and revenues outside of Nig
Automobile: FG recorded $1bn investment through Honda, Innoson, Dangote in 2019 — NADDC
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TETFund increases budget by 40% to N500 billion for tertiary institutions in 2022
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February 15, 2021
West Africa’s political elites have long been enamored with the UK’s leading education system. In the process, it has become a significant mechanism for illicit money flows, a report by the Carnegie Endowment for International Peace has found.
The recently published report by the institute’s Matthew Page was commissioned by the UK government, in partnership with its Foreign, Commonwealth and Development Office. It explores the decades-long affinity that Africa’s elites have had for the UK system, and highlights risks posed by the investment of funds into the UK education sector by “politically exposed persons” so-called PEPs, which includes individuals convicted of corruption or whose assets have been seized by the UK.
A UK education system appeals to corrupt Nigerian politicians Quartz 2/15/2021 © Provided by Quartz UK students gather after a graduation ceremony.
West Africa’s political elites have long been enamored with the UK’s leading education system. In the process, it has become a significant mechanism for illicit money flows, a report by the Carnegie Endowment for International Peace has found.
The recently published report by the institute’s Matthew Page was commissioned by the UK government, in partnership with its Foreign, Commonwealth and Development Office. It explores the decades-long affinity that Africa’s elites have had for the UK system, and highlights risks posed by the investment of funds into the UK education sector by “politically exposed persons” so-called PEPs, which includes individuals convicted of corruption or whose assets have been seized by the UK.