President Goodluck Jonathan will today leave Abuja, for the World Economic Forum (WEF) in Davos, Switzerland. At the forum, the president is expected to lead efforts aimed at attracting beneficial global participation in this year’s World Economic Forum (WEF) Africa, which would be hosted by Nigeria in Abuja from May 7 to 9. Jonathan will be accompanied and supported by key members of the federal government’s Economic Management Team from the public and private sectors, as well as the Nigerian Economic Summit Group (NESG). The president is scheduled to host special events in Davos aimed at boosting attendance at the economic forum in Abuja by leading players in the world’s political and economic affairs who meet in the Swiss winter resort annually. This was contained in a statement by his Special Adviser on Media and Publicity, Dr. Reuben Abati. The events, which would include an African soiree for participants, and an interactive session with financiers and industrialists, according to the statement, would also seek to further promote Nigeria’s immense economic potentials with a view to attracting more employment generating investments to the country. The theme of the WEF on Africa in Abuja – “Forging Inclusive Growth, Creating Jobs” is very much in tandem with the federal government’s economic priorities for this year as enunciated in this year’s national budget proposals. “It is expected that the forum will bring regional, continental and global leaders together in Abuja to discuss innovative structural reforms and investments which Nigeria and other African nations can buy into to sustain their economic growth, create more productive jobs for their youthful populations and greater prosperity for all their citizens. “While in Davos for the 2014 annual meeting of the World Economic Forum which has “Reshaping of the World” as its theme, President Jonathan will also participate in a televised session focused on actions needed to ensure that the currently positive economic growth trends in Africa endure and yield greater benefits for all stakeholders in the well-being and development of the continent. “The president will have bilateral meetings with other participating heads of state and government including Prime Minister Benjamin Netanyahu of Israel and also receive the chief executives of leading international conglomerates with interest in Nigeria before returning to Abuja on Friday,” the statement read.
Abuja – The Minister of Finance, Dr Ngozi Okonjo-Iweala, said on Tuesday that corruption persisted in the country because Nigeria lacked the institutions, systems and processes to prevent it. Okonjo-Iweala made this known when she spoke on the Topic: `Preventing Leakages in the Nigerian Economy` at the Catholic Caritas Foundation Forum in Abuja. According to […]
Questions are now being raised over a secret recruitment of workers by Nigeriaâ€™s National Human Rights Commission, Abuja contrary to the provision of the Federal Character Commission Act Findings revealed that about 253 people were hurriedly employed a week before the Governing Council of the commission was inaugurated. Under the amended National Human Rights Commission […]
For the first time this year, the interbank money market experienced severe scarcity of funds, which occasioned interest rates to rise by over 60 per cent. Data from Financial Market Dealers Quote (FMDQ) revealed that interest rate on overnight lending rose to 17.5 percent from 10.75 percent the previous week. Also, interest rate on Open […]