Browsing: Presidential Villa

“It is a sector that seems to have defiled recession, according to the bureau of statistics, its growing while other sectors may be experiencing challenges; that is not to say that we have reached Eldorado. But, it is a journey and we are beginning to see concrete development and the President as you know also approved an intervention fund for this sector, the first of its kind in the history of the mining sector,” he said.

“Council members generally expressed concern over the current situation of the exchange rate and called for an urgent review of the forex policy, especially the gap between inter-bank’s and the parallel market’s rates.”

“Suffice it to inform that the State House electricity bill for 2016 alone as forwarded by Abuja Electricity Distribution Company for State House Abuja was N252 million, with another outstanding liability of over N300 million for State House, Lagos facilities. Clearly, the provision in the 2016 Budget could not accommodate this.”‎

According to him, we need to sit down and work out how to make necessary adjustments.
“It can’t continue this way, the exchange rate is high, cost of things in the market have gone high but only the workers’ salaries remain the same.”