FG TO PRIORITIZE RESOURCE ALLOCATION IN THE FACE OF LOW OIL PRICES. (PHOTO). #PRESS RELEASE

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 PRESS RELEASE  FG TO PRIORITIZE  RESOURCE ALLOCATION IN THE FACE OF LOW OIL PRICES The Federal Government of Nigeria will pursue diversification of its revenues and adopt greater prudent resource allocation measures to mitigate the impact of low oil prices should it continue, according to Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. Speaking at a meeting with investors during the ongoing IMF/World Bank Spring Meetings in Washington DC yesterday, Mr Wale Edun emphasized that with the recent reforms embarked upon by the present administration, Nigeria is better positioned to deal with global economic uncertainties. The meeting was also attended by the Chairman, Senate Committee on Finance, Senator Mohammed Sani Musa; the Deputy Chairman of the House of Representatives Committee for Finance, Hon. Saidu Musa Abdullahi; the Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso; the Permanent Secretary of the Federal Ministry of Finan...
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KOGI GOVT ACQUIRES 15 HECTARES FOR NEW ULRA-MODERN MARKET. (PHOTO).

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 Kogi Government Acquires 15 Hectares for New Ultra-Modern Market


The Kogi State Government has secured 15 hectares of land for the development of an ultra-modern market, set to replace the old Lokoja International Market. Located along Hassan Katsina Road, Zone 8 in Lokoja, the land was officially handed over to the contractor, SABC, on Monday by the state’s Commissioners for Works and Commerce, along with the Permanent Secretary of the Bureau of Land and Urban Development, Bayegusi Taiwo, who represented the Director General.


During the ceremony, the Commissioner for Commerce and Industry emphasized the importance of maintaining high standards, warning the contractor against subpar work. He highlighted the significance of the project to Governor Ahmed Usman Ododo and assured that all legal issues related to the land had been resolved, with fair compensation given to everyone with an interest in the property.


Abdulrazaq Adio, the consultant from SABC, assured that the project would be completed on time and according to the specified standards. He thanked the government for their due diligence and pledged that the company would deliver as promised.


The new market is being relocated from the old Lokoja International Market, situated along the busy Lokoja/Abuja road, which has been prone to frequent accidents. This move is expected to improve safety and accessibility.

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