Tag "Okechukwu Enelamah"

    Kachikwu, Dalung, Enelamah, Udoma… ex-ministers who didn’t make the new list 

Kachikwu, Dalung, Enelamah, Udoma… ex-ministers who didn’t make the new list 

After the wait, President Muhammadu Buhari has sent the names of his ministerial nominees to the senate. The president sent in 43 names. TheCable had earlier reported that only about 12 ministers were re-appointed by the president. Below are some of the key ex-ministers who didn't make it to the new cabinet. ABDULRAHAMAN DAMBAZAU A former chief of army staff, Dambazau was appointed to [...]

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    Sanusi: I was already emir when CBN approved Union Bank/Atlas Mara deal

Sanusi: I was already emir when CBN approved Union Bank/Atlas Mara deal

Muhammadu Sanusi II, the emir of Kano and former governor of the Central Bank of Nigeria, says the Atlas Mara transaction which resulted in the change of Union Bank's ownership was carried out months after he left the apex bank. He was responding to TheCable's inquiry on a petition submitted to Abubakar Malami, then attorney-general of the federation, on April 3. "This [...]

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    Osinbajo to investors: We are still committed to special economic zone project

Osinbajo to investors: We are still committed to special economic zone project

The federal government has assured its investment partners of the Nigeria Special Economic Zone Investment Company Limited (NSEZCO) of its commitment to the development of special economic zones across the country. Vice President Yemi Osinbajo gave the assurance on Thursday at a meeting with representatives of the African Export-Import Bank, Bank of Industry, Nigerian Sovereign Investment Authority, Africa Finance Corporation and [...]

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    FACT CHECK: Did trade ministry allocate N42bn to a private company?

FACT CHECK: Did trade ministry allocate N42bn to a private company?

THE CLAIM: Sabo Mohammed, chairman of senate committee on trade and investment, raised the alarm recently that N42 billion was allocated to a private firm, the Nigeria Special Economic Zone Company (NSEZCO), by the ministry of industry, trade and investment.  BACKGROUND: The ministry had proposed N15.63 billion as its budget for 2019. At the defence, Okechukwu Enelamah, the minister, was confronted by Mohammed [...]

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    Ministry of trade: How Special Economic Zone Company got into our budget

Ministry of trade: How Special Economic Zone Company got into our budget

The ministry of industry, trade and finance says the Special Economic Zone Company is a public private partnership project of the federal government. In an email sent to TheCable on Tuesday explaining why the company was included in its budget, the ministry said the company was established under the Made in Nigeria for Exports project, a presidential initiative. The senate committee for [...]

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    Senate rejects ministry of trade’s budget over inclusion of ‘private’ company

Senate rejects ministry of trade’s budget over inclusion of ‘private’ company

The senate committee on trade and investment has rejected the ministry’s 2019 budget of N15.63 billion. The committee, on Monday, said it would not consider the budget till the minister could explain a company listed for appropriation. Sabo Mohammed, chairman of the committee, said the Special Economic Zone Company which was included in the budget was not part of the 17 agencies [...]

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    PEBEC launches action plan to tackle challenges of starting a business

PEBEC launches action plan to tackle challenges of starting a business

The Presidential Enabling Business Environment Council (PEBEC) has commenced the fourth run of its 60-day national action plan (NAP 4.0) on ease of doing business. This, the council said, is in line with its "commitment to delivering reforms aimed at improving the enabling environment for doing business in Nigeria through systemic interventions". In a statement on Tuesday, the council said NAP 4.0, [...]

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    26,000 jobs, first leather policy… trade ministry lists successes of World Bank project

26,000 jobs, first leather policy… trade ministry lists successes of World Bank project

The federal ministry of industry, trade and investment says the $160 million World Bank growth and employment (GEM) project has led to the creation of over 26,000 jobs in its intervention sectors. Reacting to allegations of irregularities in the project, Bisi Daniels, communications adviser to the minister, said the programme has been a success. There had been allegations of fraud levelled against [...]

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    FG, Abia enter partnership to build Enyimba economic city

FG, Abia enter partnership to build Enyimba economic city

The federal government and Abia state have entered a partnership to build the new Enyimba economic city project. At the signing ceremony of the definitive agreement which held at the presidential villa on Friday, President Muhammadu Buhari said such initiatives were exactly what his administration was looking for to create employment for the people and boost the economy. The president assured the [...]

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    Enelamah: We’ll resolve dispute between Samsung, LADOL

Enelamah: We’ll resolve dispute between Samsung, LADOL

Okechukwu Enelamah, minister of industry, trade and investment, says government will wade into the ongoing dispute between Samsung Heavy Industries Nigeria (SHI), and the management of Lagos Deep Offshore Logistics (LADOL). According to a statement signed by Bisi Daniels, spokesman of the minister, Enelamah disclosed this while receiving In-tae Lee, South Korean ambassador to Nigeria, in Abuja on Thursday. Lee had sought [...]

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    Enelamah: FG’s auto policy has revived 29 assembly plants

Enelamah: FG’s auto policy has revived 29 assembly plants

Okechukwu Enelamah, minister of industry, trade and investment, says 24 car assembly plants have been revived across the country as a result of the federal automobile policy. In a statement released on Tuesday by Bisi Daniels, strategy and communications adviser to the minister, he said the plants have a combined capacity of 419,190 units. A total of 8,628 cars are said to [...]

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    FG on poverty report: Indices were probably compiled during recession

FG on poverty report: Indices were probably compiled during recession

Okechukwu Enelamah, minister of trade and investment, says there is no cause for alarm in respect to the recent global poverty report released by Brookings Institution. In a recent report, Brookings Institution said Nigeria has replaced India as the world's poverty capital with six people slipping into poverty every minute. While responding to questions from journalists on Wednesday at the end of [...]

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    You’ll make more money in Nigeria than anywhere else, Onyeama tells US investors

You’ll make more money in Nigeria than anywhere else, Onyeama tells US investors

Geoffrey Onyeama, minister of foreign affairs, says investors from the United States will get a higher return on investment from Nigeria than any other place in the world. NAN reports that the minister made this statement while speaking at the Nigeria-US Business and Investment Forum in New York alongside Okechukwu Enelamah, minister of trade, industry and investment. He said: "What we are [...]

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    FULL LIST: Poultry, coal, music… 27 industries on tax holiday

FULL LIST: Poultry, coal, music… 27 industries on tax holiday

Companies involved in the manufacture of poultry products, leather, mining and processing of coal are part of the 27 industries that have been granted a three-year tax holiday by the federal government. Okechukwu Enelamah, minister of industry, trade and investment, made this known in a statement released by the ministry on Monday. According to the statement, the industry has also released new guidelines [...]

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    FEC approves three-year tax holiday for 27 industries

FEC approves three-year tax holiday for 27 industries

Okechukwu Enelamah, minister of industry, trade and investment, says the federal executive council has approved a three-year tax holiday for 27 new industries and products. Enelamah, who made this known after the federal executive meeting on Wednesday said it was done in a bid to enable them to grow and expand investments. He said: "The FEC gave approval to a memorandum that [...]

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    Enelamah advises manufacturers to develop a synergy with govt to solve problems

Enelamah advises manufacturers to develop a synergy with govt to solve problems

Okechukwu Enelamah, minister of industry, trade and development, says the federal government is focused on ensuring a conducive business environment for local manufacturers. Speaking during a tour of May & Baker’s Pharmacentre in Ota, Ogun state, Enelamah, who led a team comprising officials of his ministry, said a tactical war-chest of strategists has been put together under the industrial council to [...]

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