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Nigeria ‘s Economy Will Be 21% Digital Driven By 2021 – Isa Pantami

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images 30 2 Nigeria 's Economy Will Be 21% Digital Driven By 2021 - Isa Pantami

The Minister of Communication and Digital Economy, Dr Isa Ali Pantami, has predicted that the Nigerian economy would be 21 per cent digital come 2021, because digitalisation is becoming the most adopted economy globally.
The minister, while speaking at the Chartered Institute of Bankers of Nigeria’s (CIBN) 2020 Graduates’ Induction and Prize Award’s Day, said the COVID-19 pandemic has shown the importance of the digitalization in the growth of any nation’s economy.
Pantami noted that there has never been a more urgent time to fast track digital transformation in Nigeria, saying that the digital economy drive is aimed at rapidly enhancing digital identification, broadband penetration, how bank accounts are run, etc.
While stressing the need for professionals to develop more innovative digital tools and competencies, the Minister said activities in the banking, customs, and ports sectors, including revenue collections are being digitalized.
He further noted that broadband penetration at the end of July rose to over 43 per cent, an almost 10 per cent increase in less than a year. He said compared to the usual two per cent penetration witnessed in the years before, this is a remarkable step in the digital direction.
Pantami went on to disclose that the Ministry was working to ensure that indigenous digital solution providers and entrepreneurs get preference, saying that the current administration is committed to consuming what it produces. “The latest Quarter Two (Q2) 2020 report recently released by the National Bureau of Statistics (NBS), showed that the Information and Communications Technology (ICT) sector contributed about 17.83 per cent to the Gross Domestic Product (GDP), from 13.85 per cent in the same period of 2019. “Yet, the digital economy was not included in the disclosed figure. If the digital economy was added, it would have risen well above 45 per cent to GDP,” Pantami added.

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To Boost Revenues , FG Posts Treasurers To MDAs

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images 89 2 To Boost Revenues , FG Posts Treasurers To MDAs

The Federal Government on Tuesday commenced the deployment of professional treasury officers to revenue generating ministries, departments and agencies in a bid to improve the country’s revenue base.
Minister of Finance, Budget and National Planning, Zainab Ahmed, said an important sector with huge potential was the revenue generation arm of the Federal Government Owned Entities.
Ahmed spoke in Abuja at the orientation for directors of revenue in FGOEs organised by the Office of the Accountant-General of the Federation.
She said, “You may all wish to know that analysis of budgets of some of the FGOEs shows that these entities have the capacities, if properly managed, to significantly improve the revenue base of the Federal Government.
“It is in this light that the deployment of the treasury directors is considered expedient to the selected FGOEs as a pilot test.”
The minister explained that the deployment of directors of revenue to the FGOEs was in compliance with presidential approval that was conveyed via the Secretary to the Government of the Federation’s circular with reference SGF.50/S.3/C.9/24, dated October 16, 2018.
She said the circular was on the approved Revenue Performance Management Framework for Government Owned Enterprises.
Ahmed said the government was increasingly concerned about the dwindling profile of revenues, adding that the trend had to be quickly arrested particularly with key revenue generating agencies of government.

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FEC Approves ₦745 Million To Hire Auditors For NDDC

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images 88 2 FEC Approves ₦745 Million To Hire Auditors For NDDC

The Federal Executive Council (FEC) on Wednesday approved N745 million for the hiring of additional forensic field auditors for the audit of the Niger Delta Development Commission (NDDC).
The Minister of Niger Delta Affairs, Sen. Godswill Akpabio, also disclosed that the council approved the hiring of auditors to ensure that whatever comes out of the forensic audit is acceptable not just in Nigeria but to the international community.
Akpabio said: “The memo that was presented by the Ministry of Niger Delta Affairs was a concluding memo on the procurement of Field Forensic Auditors for the forensic audit of the Niger Delta Development Commission and today the council approved additional forensic field auditors at a total sum of about N745.2 million.
“This brings the total number of field forensic auditors to 16 in addition to the earlier approved Lead Forensic Auditors, Messrs Olumiluwa Bashir and Co.
“These people are now going to be in charge of the nine states of the Niger Delta which has been divided into 16 lots. As I stated earlier, lots one is Ernst and Young for the headquarters.
“They will be undertaking the 19 years of audit and also bring out the organigram for the restructuring of the NDDC for better performance in future.’’
The minister added that the council equally approved the need to attach in
vestigative security agencies to each of the team to ensure transparency in the exercise.

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Bolaji Owasanoye, 136 Others Short – Listed For SAN Rank

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images 87 2 Bolaji Owasanoye, 136 Others Short - Listed For SAN Rank

Chairman of the Independent Corrupt Practices and other related offence Commission (ICPC), Professor Bolaji Owasanoye and the Executive Secretary of the National Human Rights Commission (NHRC), Anthony Ojukwu, are among 137 lawyers short-listed for conferment with the rank of Senior Advocate of Nigeria (SAN).
A statement released late on Wednesday by the Acting Chief Registrar of Supreme Court and Secretary of the Legal Practitioners’ Privileges Committee (LPPC) , Hajo Sarki, said the 137 short-listed candidates are emerged at advocate filtration stages and academic pre-qualification exercise.
No fewer than 116 out of the 137 are practising lawyers while 21 are from the academia.
Sarki said all qualified candidates short-listed are graded under the category system of the LPPC Guidelines, 2018.
He said: “The general public is at liberty to comment on the integrity, reputation and competence of the candidates.
Sarki added that any complaint (s) presented to the LPPC “must be accompanied with a verifying affidavit deposed to before a Court of Record in Nigeria.
“Please be informed that in relation to paragraph 12 (2). of the Legal Practitioners’ Privileges Committee Guidelines, 2018, twenty copies of such comments or complaints must be received at the office of the Secretary, Legal Practitioners’ Privileges Committee not later than 4.00pm on Tuesday 13th October, 2020

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