The record budget of Nigeria, Africa’s largest oil producer estimated at 34.6 billion dollars for the year 2020 will be revised downwards, according to the Ministry of Finance. This is due to the sharp drop in the price of crude oil.
Illegal mining is seriously hurting investments made by COCOBOD in cocoa production across the country. This is because cocoa farmers who have received various productivity enhancement programmes being implemented by COCOBOD, are now cutting down their cocoa trees and giving out their farm lands to illegal miners (galamsey).
The Minister of Trade and Industry, Alan Kyeremanten has visited the assembling plant of Volkswagen (VW) at North Industrial Area in Accra, to have first hand insight regarding the ongoing work of the automobile giant.
President Muhammadu Buhari Friday in Abuja said the resolution of the partial closure of Nigeria’s land border to goods from neighbouring countries will be determined by a report of tripartite committee made up of Nigeria, Benin and Niger Republic.