Some of the reasons for which the Central Bank of Nigeria (CBN) last year banned commercial banks from issuing dollar for the importation of selected products were to develop the local manufacturing sector, increase patronage of homemade goods and reduce pressure on the naira.
What exactly is your mandate?
With the adoption of the National Biosafety Management Agency Act 2015, Nigeria has now domesticated the Cartagena Protocol on Biosafety, which the country signed in 2000 and ratified in 2003.
What is the effect of the dwindling revenue accruable to government and how should this be addressed?
The dwindling revenue is not coming as a surprise.
The power sector in Nigeria is one that is evolving. There are over 24 power plants in the country comprising private and public utilities.
There seems to be no applause as the 11 electricity Distribution companies (Discos) Monday, February 1, implemented their various tariff hikes approved by the Nigerian Electricity Regulatory Commission (NERC).
Secretary General of the Association of Petroleum Inland Basin States of the North (APIBON), Engr. Yusuf Yabagi Sani, in this interview says the federal government and the National Assembly should probe what happened to the N19bn budgeted in 2015 for oil exploration activities in the basins. Excerpts:
Implementation of The Treasury Single Account by the federal government is currently creating hiccups among some of its ministries and agencies. However, as President Muhammadu Buhari’s government said there is no going back on the new system,some MDAs are coming up with initiatives to enable them cope.