See also:
» 23.02.2010 - Nigeria appeals for power back-up
» 16.02.2010 - Devise local strategies to fight climate change
» 08.02.2010 - Nigeria approves hydro power plant
» 02.02.2010 - UK to return £43 million stolen funds
» 20.01.2010 - Legislators reject motion to probe mass sackings
» 05.01.2010 - Nigeria’s Central Bank refutes sack order reports
» 18.12.2009 - Appeals court rejects bail application for former ports chief
» 15.12.2009 - Local NGO denounces deregulation law











China wholesale online through DHgate.com


Houlihan's coupons


Finn autentiske matoppskrifter fra hele verden på Verdensmat.no:
Gazpacho Børek Kartoffelsalat Taboulé Gulasj Albóndigas Cevapi Rougaille Japrak sarma Zwiebelbrot Klopse Giouvetsi Paella Pljeskavica Pica pau Pulpo a la gallega Flammkuchen Langosj Tapenade Chatsjapuri Pasulj Lassi Kartoffelpuffer Tortilla Raznjici Knödel Lentejas Bœuf bourguignon Korianderchutney Brenneslesuppe Proia Sæbsi kavurma Sardinske calamares


Autentiske matoppskrifter fra hele verden finner du på Verdensmat.no:
Réunion Portugal Aserbajdsjan Serbia Tyskland Seychellene Bosnia Spania Libanon Belgia India Kroatia Hellas Italia Ungarn Komorene Georgia Mauritius Østerrike Romania Frankrike


Nigeria
Economy - Development | Society

N10 billion bailout might be a waste

afrol News, 19 February - The N10 billion government bailout for aviation industry in Nigeria has reached a stumbling block following a disagreement by two main local airline operators, the Chief Economic Adviser to the President, Tanimu Yakubu, has said.

Mr Yakubu said the bailout package, which is in the form of tax holiday, low interest loans and other incentives, could not be captured in the supplementary budget last year as operators could not agree on a common ground in their presentation to government.

“It is a disappointment that after three months of consultations, the operators could not approach government with substantial position paper,” he said.

Nigerian Federal Government had, in last October, requested for a comprehensive document showing all the needs of operators that require urgent government intervention; but the industry players failed to harmonise their position.

The Presidency, through the Office of the Senior Special Assistant to the President on Aviation, Shehu Iyal, later set up a committee, madem up of airline owners, towards the creation of a position paper that was to submit its report yesterday.

While some of the operators are not comfortable with the Federal Government’s direct bailout of the troubled aviation industry in the country, the other group appears favourably disposed to the idea, according to local news reports.

Local industry has been hard hit by the global financial crisis.


- Create an e-mail alert for Nigeria news
- Create an e-mail alert for Economy - Development news
- Create an e-mail alert for Society news


 
    Printable version


On the Afrol News front page now

Rwanda
Rwanda succeeds including citizens in formal financial sector

afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.

Famine warning: "South Sudan is imploding"

afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
Guinea
Panic in West Africa after Ebola outbreak in Guinea

afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
Ethiopia
Ethiopia tightens its already strict anti-gay laws

afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
Ethiopia
Ethiopia plans Africa's biggest dam

afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.



front page | news | countries | archive | currencies | news alerts login | about afrol News | contact | advertise | español 

©  afrol News. Reproducing or buying afrol News' articles.

   You can contact us at mail@afrol.com