ABIA STATE GOVERNOR, HAS APPROVED 100 HECTARES OF LAND WITHIN THE ABIA AIRPORT PROJECT SITE FOR THE NIGERIAN AIR FORCE TO BUILD ITS TRAINING BASE IN ABIA STATE.(PHOTO).

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 Abia State Governor, Dr Alex Otti, OFR, has approved 100 hectares of land within the Abia Airport Project Site for the Nigerian Air Force to build its training base in Abia State. The Nigeria Air Force had requested an expansion of the 50 hectares of land already earmarked for its training base at the Abia Airport Project Site.  Governor Otti gave the approval on Tuesday, March 10th, in his office while receiving a delegation of the Nigeria Air Force (NAF), Ground Training Command led by the Commander, Air Vice Marshal Adebayo Gabriel Kehinde, who called on him. "The partnership is such that Abia State Government is handling the runway, and the Federal Government is handling the Airport Terminal.  "We expect the runway to be ready very soon. And the Airport Terminal can come in as time goes on.  "I want to thank the Nigerian Air Force, for the approval to set up a base in Abia, and of course, to further set up a training ground at the Abia Airport Project Site, whic...
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INFLATION RATE: NIGERIA DOING BETTER THAN OTHER AFRICAN COUNTRIES- CBN.(PHOTO).

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Inflation rate: Nigeria Doing Better Than Other African Countries – CBN


The Central Bank of Nigeria, CBN said the country’s inflation rate is still doing better than most African nations.


The acting Governor of the CBN, Folashodun Shonubi, stated this at the 2023 Zenith Bank International Trade Seminar in Lagos on Tuesday.


According to him, there were several contributing factors to the global inflation rise Speaking on the theme, “Nigerian Non-Oil Export Industry. The Present, The Future,” Shonubi expressed concern over low growth rate in non-oil exports to Gross Domestic Product ratio.


The acting CBN governor, who was represented by the Deputy Governor, Economic Policy at the CBN, Kingsley Obiorah, said Nigeria’s inflation rate stood at 22.8 per cent, adding that the International Monetary Fund expected the country to have a growth moderation of 3.2 per cent in 2023.


Obiorah stated, “Now, when you come down to Africa and neighbouring Ghana, At the last count inflation there is at 42.5 per cent. We have it at 31 per cent in Ethiopia and 36 per cent in Egypt.


“So, in our dear country, we are at 22.8 per cent. When you hear these figures, it tells you that we’re not doing as badly but all of this has also affected economic growth itself. Today, the IMF has revised growth downwards from 3.5% per cent to three per cent this year and 3 per cent next year.”

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