News Summary: Thursday, 30th October, 2014 1. NPC Pledges To Attract More Funds For Promotion Of Culture - Dailytrust The Minister of National Planning and Deputy Chairman, National Planning Commission, Dr. Abubakar Olanrewaju Sulaiman, has pledged to assist in attracting more funds for the promotion of the nation’s cultural sector. He spoke when he received in audience the management team of the National Institute for Cultural Orientation (NICO), led by its Executive Secretary/CEO, Dr. Barclays Ayakoroma, in his office. Dr. Ayakoroma, while highlighting some of the agency’s activities, identified funding as a major challenge. Responding, the minister pledged the commission’s commitment to complement NICO’s efforts in this direction by attracting donor agencies to fund culture-related programmes in the country through NICO. The Minister, who also described corruption as alien to the country’s culture, stressed the need for effective funding of agencies charged with propagating and promoting the nation’s culture to achieve desired national rebirth. dailytrust.ng/daily/business/38176-npc-pledges-to-attract-more-funds-for-promotion-of-culture 2. We Can Cope With Falling Oil Prices – FG - Punch The country is up to the challenge posed by the decline in global oil prices, which has taken a big toll on its revenue, the Federal Government has said. The Minister of National Planning/Deputy Chairman, National Planning Commission, Dr. Abubakar Sulaiman, described the fall in the international prices of oil as a blessing in disguise for Nigeria. Sulaiman, in a statement on Wednesday, said the development would rather impact positively on the country’s economy. The Minister gave the assurance in a lecture for Block 3 participants of the National Defence College in Abuja. His paper was entitled: ‘National planning and Vision 2020: An assessment’. “On the question regarding the drop in the international prices of oil, we are up to the challenge as a country. It will simply bring out the resilience in us as a nation. We are up to the challenge of the fall in the prices of oil,” he said .punchng/business/business-economy/we-can-cope-with-falling-oil-prices-fg/ 3. NBS Proffers Appropriate Living Standards Index for Nigeria - Guardian For the purposes of improving household data collection for use by the private, public sector and non-profit institutions in Nigeria. The National Bureau of Statistics (NBS) is working on the collection of appropriate index for Nigeria. The Statistician- General of the Federation/ Chief Executive Officer, of the bureau, Yemi Kale, disclosed this at the NiMRA (Nigerian Marketing Research Association Breakfast Summit themed: “ Harmonizing Living Standard Measurement in the Market & Social Research Industry in Nigeria” held in Lagos . ngrguardiannews/business/184801-nbs-proffers-appropriate-living-standards-index-for-nigeria 4. AFC Secures N16bn Facility For Infrastructure Devt in Nigeria, Others - Vanguard The Africa Finance Corporation, AFC, has secured a $100 million, about N16 billion, long term loan facility from the United States of America’s (USA) development finance institution, the Overseas Private Investment Corporation (OPIC), and the global investment banking leader, J.P. Morgan to support infrastructural development in Nigeria and other countries in the African continent. Andrew Alli, President and Chief Executive Officer, AFC, said $75 million of the facility will be provided by OPIC while the remaining $25 million will be provided by JP Morgan. According to him, the facility is intended to further deepen AFC’s resources to support infrastructure development on the African continent. vanguardngr/2014/10/afc-secures-n16bn-facility-infrastructure-devt-nigeria-others/ 5. Nigeria Up in Global Doing Business Ranking - Business Day Africa’s largest economy, Nigeria, made further improvement in the World Bank ease of doing business global ranking which has seen the country move up five places in the last one year. The World Bank analysis showed it is getting better to do business in emerging markets, as Nigeria jumped to 170 out of a total of 189 counties measured in the ease of doing business survey. The report finds that Nigeria now ranks among the top five economies in Sub-Saharan Africa in two areas: the ease of getting credit and the strength of minority investor protection. Also some improvement was recorded in the process of starting up a business. “The latest World Bank doing business global ranking which indicated Nigeria’s appreciable progress with regard to the ease and speed of doing business is encouraging and laudable. The report showed that Nigeria recorded remarkable improvement in 34 vital thematic requirements,” said Kayode Omosebi, an analyst with UBA Capital in a response to questions. businessdayonline/2014/10/nigeria-up-in-global-doing-business-ranking/#.VFIdpWeFqbs NPC Information Unit Room 415, 4th Floor Plot 421, Constitution Avenue, Central Business District, E-mail: [email protected] Website: nationalplanning.gov.ng
Posted on: Thu, 30 Oct 2014 17:43:56 +0000
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