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Nigeria spends $2bn importing agric products annually — Amaechi

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By Favour Nnabugwu  The Minister of Transportation, Mr Rotimi Amaechi, has said the the country spends a total of $2 billion annually to import agricultural products into the country. Amaechi disclosed this to journalists during an inspection tour from Rigasa rail station in Kaduna to Idu Station in Abuja last Friday. Rotimi Amaechi Even as the world’s 7th largest population in the world at a base line of 170million, the Minister said agriculture is an exceptionally important element of Nigeria’s economy. Amaechi went to say that the large import of food products include wheat, rice, flour, fish, tomato paste, eggs, textile and sugar. The Minister however, stressed the need to diversify the mono-cultural tendencies of the Nigerian economy by developing other sectors of the economy especially agriculture. “Major agricultural imports are wheat, rice and sugar. Most agricultural imports come from the US and the EU. The country’s main agricultural exports are cocoa beans, rubber, ...
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Fed Govt to open talks with MTN after receipt of N50b

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The Federal Government will open talks with MTN Nigeria over the N780 billion fines, imposed on the telecommunications giants after confirming receipt of the N50 billion part payment made by the firm.  The Nigeria Communications Commission (NCC) imposed the over N1trillion fine cut to N780billion, for Subscriber Identity Module (SIM) card infraction. The government also yesterday confirmed that the firm has withdrawn the suit it filed before a Lagos Highr Court challenging the regulator’s action. According to the Federal Government, with the “down payment,” the coast is now clear for it to listen to further talks on the matter. Minister of Communications Technology Adebayo Shittu who confirmed the payment, said the development was in line with what the government asked the firm to do. A statement by the minister’s Senior Assistant (Media) Victor Oluwadare, explained that the receipt of the N50billion payment will allow the Federal Government to entertain further negot...
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Battle for the soul of DGN…as Guild elects new president today

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By Benjamin Njoku  AS the general election of the Directors Guild of Nigeria, DGN, holds this morning in Asaba, Delta State, expectations are high as pundits are busy, predicting the outcome of the election. Although many have opined that the major battle for the post of the presidency would obviously be between Fred Amata and Lancelot Imasuen. Kingsley Omo-Efe who is also contesting for the coveted presidential seat may not be a push over after all. The last few weeks have seen the aspirants being locked in aggressive campaigns, as they reeled out their manifestos to win the support of DGN members. Lancelot Imasuen who celebrated his 20 years in Nollywood last year believes that he has what it takes to become the next president of the Guild. Popular director “Judging from the past and present, I see myself as most capable and competent to steer the ship of the directors in Nigeria because film directing has been my life and God has been merciful to me,… You cannot give what y...
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