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The statement said the authorisation allows the MOFI director to assume ownership, control and management of all outstanding Federal Government of Nigeria (FGN) equity in all existing electricity successor companies.
In its half-yearly economic review for 2023, the Manufacturers Association of Nigeria identified forex illiquidity, inconsistent power supply, etc.
Adebayo said the House was worried that after the privatisation of Osogbo Steel Rolling Mills, the company has suffered a lack of maintenance and investment leading to a state of disrepair and operational inefficiency, thus undermining the potential of the steel industry to create employment opportunities and economic growth in the region.
The Tinubu-led government has growth in Small, Medium and Large Enterprises (SMLE) as one of its key agendas. This requires that all aspects of workers’ welfare be prioritised, since motivated workers are likely to be more productive and drive higher economic growth.
The Nigeria Social Insurance Trust Fund was established in 1961, then known as the National Provident Fund. It was established with a mandate