NIGERIA’S OKONJO-IWEALA EMERGES DG OF WORLD TRADE ORGANIZATION
Ngozi Okonjo-Iweala, Nigeria’s nominee for the position of the Director-General of the World Trade Organisation (WTO), has emerged winner of the competitive race. According to Reuters, a key group of WTO ambassadors proposed Okonjo-Iweala to lead the trade organisation on Wednesday, The official announcement is expected to be made later today by WTO. Okonjo-Iweala was […]
U.S. budget suffers a deficit of $3.1 trillion in 2020, as pandemic slams the economy
The new White House data released evidently shows that the huge surge in spending to confront the economic fallout of the coronavirus pandemic fueled a historic increase in national debt; thereby, creating an unprecedented budget deficit. According to the exclusive government data released on Friday, the U.S. budget deficit eclipsed $3.1 trillion in the fiscal […]
WTO DG: Okonjo-Iweala gets the backing of 79 countries so far
Nigeria’s candidate for the vacant World Trade Organization (WTO) Director-General post, Ngozi Okonjo-Iweala, has expressed confidence in her quest to lead the crisis-ridden global trade organization after all of Africa backed her candidacy, vowing she would champion reform. This disclosure was made by Nigeria’s former Finance Minister at a virtual press briefing on Friday, October […]
FG to inject over N198 billion on capital projects in power sector in 2021
The Federal Government plans to inject N198.27billion on various capital projects in the power sector across Nigeria in 2021. This was disclosed in the 2021 Appropriation Bill, which President Muhammadu Buhari presented to the National Assembly recently. Breakdown: * National rural electrification, managed by the Rural Electrification Agency, will invest a total of N17.86billion on power […]
