Kaduna Unveils Ease of Doing Business Charter

Image

By Modupe Gbadeyanka

Governor Nasir El-Rufai has launched the Kaduna State Ease of Doing Business Charter at the second Kaduna Economic and Investment Summit (KADINVEST 2.0).

The scheme is aimed to outline the state government’s commitment and measures, which in turn is to simplify business processes and operations in the state.

According to Mr El-Rufai, the charter is further to demonstrate the state’s business-friendly environment that is also supported by a favourable legal framework.

Speaking at the programme, the Governor said the major objective of the master plan was to create a conducive environment for public/private participation in infrastructure project development.

He also launched the Infrastructure Master Plan, which he said details the physical and social infrastructure needs of the state from 2017-2050.

Mr El-Rufai stated that the plan, which identifies about 300 projects, links the state’s development plans with actual needs of the people.

He explained that the state government has taken a number of measures to strengthen the business environment of the state since the last edition of the summit, including passing a number of laws, producing the State Development Plan (SDP) 2016-2020 and empowering the agencies to drive it, leveraging on the participation of the private sectors in key sectors of the economy, among others.

It was gathered that since the last edition of the summit in April 2016, investments worth over $350 million have been attracted into Kaduna state with thousands of jobs created.

Share
Related Stories
Image
28-February-2024

Nigeria’s Stock Market Stands Still to Honour Ogunbanjo’s Legacy

By Aduragbemi Omiyale The stock market in Nigeria stood still for the late former chairman of the Nigerian Exchange (NGX) Group Plc, Mr Abimbola Ogunbanjo, on Tuesday, February 27, 2024. The day was set aside to pay homage to the enduring legacy of the esteemed luminary, who died in a helicopter crash in the United States a few weeks ago along with the group chief executive of Access Holdings, Mr Herbert Wigwe, his wife and son. The NGX Group held an Afternoon of Tributes and Closing Gong Ceremony yesterday for him in collaboration with the Coronation Group. In a poignant

Image
28-February-2024

Untraceable People Traded $26bn Via Binance Nigeria in One Year—Cardoso

By Adedapo Adesanya The Governor of the Central Bank of Nigeria (CB), Mr Olayemi Cardoso, has stated that about $26 billion has passed through the popular crypto exchange, Binance, from sources that cannot be adequately identified, echoing sentiments shared by his predecessor, Mr Godwin Emefiele. He said this as he responded to the activities of cryptocurrency platforms like Binance while addressing the press after the Monetary Policy Committee (MPC) meeting on Tuesday. The MPC raised its benchmark interest rate, known as the Monetary Policy Rate (MPR) to 22.75 per cent, for the first time in eight months. The Cash Reserve

Image
27-February-2024

Supply Disruptions Jerk Crude Oil Prices

By Adedapo Adesanya Oil prices increased by more than $1 on Monday amid European diesel demand, constrained by Russian sanctions and shipping disruptions, with the Brent crude futures up by $1.41 or 1.73 per cent to $83.03 per barrel and the US West Texas Intermediate crude futures (WTI) up by $1.48 or 1.93 per cent to $77.97 per barrel. A slump in refining activity in the US and disruptions to global trade have tightened diesel supplies in recent weeks, dampening historically high US diesel exports to Europe this month. US diesel cracks briefly surged to a four-month high of more

Image
27-February-2024

CBN Resumes FX Sales to BDCs, Pegs Rate at N1,301/$1

By Adedapo Adesanya The Central Bank of Nigeria (CBN) will begin selling Dollars to eligible Bureau De Change operators (BDCs) at a pegged rate of N1,301/$1 in its latest effort to improve liquidity in the Nigerian foreign exchange market. The apex bank will begin those sales after proposing more stringent rules for BDC operators last week, according to a circular published on Tuesday. According to the notice signed by Mr Hassan Mahmud, the CBN Director of Trade and Exchange Department and seen by Business Post, the CBN said it carrying out the move due to “the continued price distortions at

More Stories
Image
27-November-2019

Investor Acquires 43.35% Stake in Resort Savings

By Modupe Gbadeyanka The board of Resort Savings and Loans Plc has secured a fresh capital injection of up to N4.3 billion from an investor, who now controls about 43.35 percent equity stake in the company. Not too long ago, the investor, Camey and Rock Business Consulting Limited, offered to purchase all the unissued 8,670,267,596 ordinary shares of the bank and this proposal was approved. According to the CEO of Camey and Rock, Mr Peter Adejoh, the decision to invest in financial institution was to “change the face of the Resort Savings and Loans and efficiently reposition it for the

Image
22-March-2017

Commissioner Slumps, Dies in Jos While Jogging with Governor

By Dipo Olowookere It was a sad occurrence on Wednesday when the Commissioner for Housing and Urban Development in Plateau State, Mr Samuel Galadima, slumped and died. According to reports, the Commissioner was jogging along with the state Governor, Mr Simon Lalong, at the Rwang Pam Stadium in Jos. Efforts made by medical personnel to prevent the man from giving up the ghost were futile as he died at the hospital. It was gathered that immediately the Commissioner slumped, he was rushed to the Plateau Specialist Hospital, but gave up the ghost. Confirming the incident, the Director of Press Affairs,

Image
01-May-2021

Incessant Attacks: FG Declares Prisons as Red Zones

By Modupe Gbadeyanka Worried by the incessant attacks at some prisons in the country, the federal government has declared the prisons as red zones to invaders. This declaration was made by the Minister of Interior, Mr Rauf Aregbesola, during a meeting with Squadron Commanders of the Nigerian Correctional Service (NCoS), on Friday in Abuja. In a statement issued by Towoju Raphael on behalf of the Director Press in the Ministry of Interior, it was stated that the commanders were given the marching order to protect the facilities. “We cannot afford to fail our people, our nation and the President. I

Image
08-July-2022

CitiTrust Leads NASD OTC to 0.02% Upward Movement

By Adedapo Adesanya CitiTrust Holdings Plc was the hero at the National Association of Securities Dealers (NASD) Over-the-Counter (OTC) Securities Exchange on Thursday, July 7. The stock price of the financial services company went up by 50 Kobo to sell at N8.00 per unit compared with the preceding session’s N7.50 per unit and this lifted the NASD OTC by 0.02 per cent. As a result, the market capitalisation gained N200 million to close the day at N1.016 trillion as the NASD Unlisted Securities Index (NSI) went up by 0.16 points to wrap the session at 772.07 points compared with 771.91

Image
27-July-2023

Nigerian Stocks Drop 0.46% as Interest Rate Hike Dampens Mood

By Dipo Olowookere Investors on Wednesday reacted negatively to the marginal hike in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN) on Tuesday evening. By the time the Monetary Policy Committee (MPC) was concluded on Tuesday, the financial markets had closed. The apex bank raised the benchmark interest rate by 0.25 per cent to 18.75 per cent from 18.50 per cent. Traders pulled back at the equity market yesterday, resulting in the Nigerian Exchange (NGX) Limited reversing the gain by 0.46 per cent at the close of business. Business Post reports that the banking space lost

Image
02-July-2021

Ikeja Electric Accepts 20 into Young Engineers’ Programme

By Aduragbemi Omiyale No fewer than 20 young engineers were on Thursday, July 1, 2021, inducted into the Young Engineers’ Programme (YEP) of Ikeja Electric, Nigeria’s largest electricity distribution company. The inductees will undergo 12 months of comprehensive developmental training aimed to improve their capacity and practical field practice experience. In the course of the study, they will have a blend of learning approaches; instructor-led classroom sessions, virtual sessions, field and on-the-job practical sessions to ensure effective learning transfer. The scheme, in its sixth edition and targeted at young, dynamic, self-motivated and highly driven talents, was designed to be an

Image
23-October-2020

Governor Sanwo-Olu Relaxes Curfew in Lagos from Saturday

By Dipo Olowookere Governor Babajide Sanwo-Olu has relaxed the curfew he imposed on Lagos State earlier this week after some elements made efforts to cause unrest in the state. On Tuesday, the Governor imposed a 24-hour curfew on the state following the hijacking of the peaceful #EndSARS protest by some hoodlums. He later extended the dusk to dawn movement restriction to 72 hours and despite this, several properties belonging to the government and private individuals were destroyed by thugs. On Friday, the Governor embarked on a tour of the places touched by the hoodlums and after the exercise, he announced

Image
15-September-2021

More Worries as Nigeria Struggles to Get Buyers for Crude Oil

By Adedapo Adesanya Nigeria’s problems continue to compound as the largest oil exporter in Africa is reportedly struggling to get buyers for crude oil for October exports. This has sent a signal that the recovery in global oil demand still has some way to go, with volumes for next month’s loading struggling to find a home, even among its main customers. According to a report from Bloomberg, as much as two-thirds of Nigeria’s crude for October export is yet to be booked by customers. The report noted that according to traders specializing in the West African market, this is equal

Ad
Ad
Recent Stories
Image
28-February-2024

Dangote Cement Wins Environmental Sustainability Award

By Aduragbemi Omiyale NatureNews has announced Dangote Cement Plc as the winner of the 2023 NatureNews Environmental Sustainability Award at its 3rd anniversary themed Climate Change and Energy Transition in Nigeria. At the Anniversary Lecture and Presentation of the Hero of Environmental Actions for Development (HEAD) held on Tuesday at the Shehu Musa Yar’Adua Centre, Abuja, the news platform said Dangote Cement was nominated for the category following a thorough screening by eminent professionals. The Publisher and Editor-in-Chief of NatureNews, Mr Aliyu Akoshile, disclosed that during the screening, it was discovered that the cement maker had deployed cutting-edge technology to

Image
28-February-2024

Nigeria’s Stock Market Stands Still to Honour Ogunbanjo’s Legacy

By Aduragbemi Omiyale The stock market in Nigeria stood still for the late former chairman of the Nigerian Exchange (NGX) Group Plc, Mr Abimbola Ogunbanjo, on Tuesday, February 27, 2024. The day was set aside to pay homage to the enduring legacy of the esteemed luminary, who died in a helicopter crash in the United States a few weeks ago along with the group chief executive of Access Holdings, Mr Herbert Wigwe, his wife and son. The NGX Group held an Afternoon of Tributes and Closing Gong Ceremony yesterday for him in collaboration with the Coronation Group. In a poignant

Image
28-February-2024

Fans Anticipate ‘Return of Maleeka (Atupa)’ by Mobolaji Samuel

By Modupe Gbadeyanka Some movie lovers are already calling on a movie producer in Nigeria, Ms Mobolaji Samuel, to release the sequel to her captivating film, Maleeka, Return of Meleeka (Atupa). The quest to see the second part of the flick is due to the exploits of the Nollywood filmmaker in the first part. However, she has called for calm, assuring her fans that the release date of her latest work of art would be announced very soon. Speaking recently on the Return of Maleeka (Atupa), the charming movie maker described the film as a story of faith and resilience,

Image
28-February-2024

FG Selects Learning Community Managers for 3MTT Initiative

By Modupe Gbadeyanka The federal government has selected Learning Community Managers for the 3MTT Initiative for all 36 states of the federation and the Federal Capital Territory (FCT). The managers were picked for the programme by the Federal Ministry of Communications, Innovation & Digital Economy, which is handling the initiative. Recall that the government secured N1 billion in partnership with IHS Nigeria to support the 3MTT Learning Community. The selection of Learning Community Managers marks a significant milestone in the government’s efforts to empower Nigeria’s tech talents. These individuals will play a crucial role in managing and assisting participants in

Image
28-February-2024

Renowned Embryologist Dr Marta Jansa Perez Visits Bridge Clinic Nigeria

By Modupe Gbadeyanka A renowned embryologist, Dr Marta Jansa Perez, has visited the Bridge Clinic Nigeria in Lagos, reinforcing its commitment to excellence in reproductive healthcare. Ms Perez is the Director of Embryology at Bridge Clinic London. Her visit to the Nigerian affiliate of the foremost healthcare organisation is a testament to the partnership between the two clinics, opening new avenues for the exchange of expertise and resources. The health practitioner arrived at Bridge Clinic Nigeria on Monday, February 19, 2024. Her week-long visit was meticulously structured around training, process and quality improvement, research and development, and guidance on best

Image
28-February-2024

Zero Routine Gas Flares and Delta Communities

By Jerome-Mario Utomi It is common knowledge that in pursuit of meeting the targets of 20 per cent (unconditional) and 47 per cent (conditional) greenhouse gas emission reduction as contained in the Nationally Determined Contribution under the Paris Accord reportedly signed by the President Bola Tinubu administration, the Nigerian National Petroleum Company Limited/TotalEnergies joint venture recently achieved zero routine gas flare in all its assets. While it is obvious that “the significance of this achievement is that the last routine flare volume of about 12MMscf/d (12 million standard cubic feet per day) of gas has now been eliminated giving rise

Image
28-February-2024

70 Active Stanbic IBTC Bank Customers Grab N7m in January Draws

By Aduragbemi Omiyale The sum of N7 million has been won by 70 active customers of Stanbic IBTC Bank in its ongoing Reward4Saving Promo. The money was won in the January 2024 draw, bringing the total number of beneficiaries since the inception of the promo in 2021 to 1,424 valued at N234 million, a statement from the company said. The Reward4Saving Promo was created to foster disciplined saving habits among Nigerians, offering them rewards for achieving specified savings targets. In the January draw, 10 winners were selected from each of the seven business regions operated by the bank in Nigeria,

Image
28-February-2024

Firms in Nigeria to Pay Annual Levy for Hiring Foreigners

By Aduragbemi Omiyale A new tax known as Expatriate Employment Levy (EEL) has been introduced by the federal government and it is to be paid by companies, which hire foreigners to work in Nigeria. The scheme was launched on Tuesday in Abuja by President Bola Tinubu and it is to close wage gaps between expatriates and Nigerian workers. The government explained that the policy aims to find a balance between leveraging foreign expertise and fostering local talent in Nigeria’s job market through the EEL, emphasising that it is not to discourage foreign investments. It was stressed that the level would

Image
28-February-2024

Senate Advocates Introduction of Food Stamps in Nigeria

By Adedapo Adesanya The Senate has urged the federal government to introduce the Nigerian version of the “food stamps programme” as an interim intervention to cushion the effects of food shortages in the country. This followed the adoption of a motion on the Introduction of Food Stamps in Nigeria as an Interim Measure to Address Imminent Food Insecurity in the country, by Mr Ali Ndume, the Senate Chief Whip at plenary on Tuesday. Presenting the motion, Mr Ndume said that in other countries, like the United States, food stamps were government-issued coupons that had been in use since 1939. “This is

Image
28-February-2024

Trucks Transit Parks Reflects Industry Impact, Future Opportunities

By Modupe Gbadeyanka A leading technology company specializing in mobility solutions, Trucks Transit Parks (TTP) Limited, is marking its third year of operations. As part of this, the firm is reflecting on the significant impact it has made in the maritime and logistics industry. TTP, since its inception to revolutionize the maritime and logistics sector in Nigeria through truck mobility solutions powered by technology, has emerged as a key player in driving port terminal efficiency, reducing traffic congestion, and creating new business opportunities within the Apapa port economic zone. “Our third anniversary of operations provides us an opportunity to reflect