Vice-President Yemi Osinbajo on Thursday said Nigeria required $2.3tn over the next 30 years to address the infrastructural deficit confronting the country. He said since government’s resources were completely insufficient, the only way to bridge the gap was by Public-Private Partnership arrangement in one form or the other. According to a statement by his Senior...
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Nigeria’s aviation industry is experiencing a flurry of activities with new airlines coming up, as 25 prospective operators are in the process of marking their presence in the sky. The wave of activities, BusinessDay learns, is driven by operators leveraging the opportunity of buying discounted airplanes, low cost of hiring staff and tax waivers on […] Read Full Story
’Femi Asu The debts owed to Nigerian banks by oil and gas operators as well as power companies in the country rose to N5.94tn at the end of 2020 from N5.25tn in December 2019. The N5.94tn represents 29.16 per cent of the N20.37tn loans advanced to the private sector by the banks as of December, […] Read Full Story