GE and Dangote Foundation launch manufacturing GE garages


dangote renewnaija GE renewnaija As part of efforts to support commercial growth in Nigeria, global infrastructure leader, GE and Dangote Foundation have officially announced a plan to launch a manufacturing GE garages program to help build a skilled workforce and drive entrepreneurial development in Nigeria.

The program is in development with the Dangote Foundation. The proposed Garages training facility will be based in Lagos, Nigeria and support hands-on skills training, work placement and leadership development and is designed to graduate students into the growing manufacturing and service sectors. The space will also support free classes, and workshops, for entrepreneurs to learn more about advanced technologies, software programming and business planning to support business growth in Lagos.

Speaking at a media event to announce the initiative, Adhiambo Odaga, Managing Director of Dangote Foundation said they pleased to be partnering with GE to set up an innovative learning environment, According to her, “this innovative program will…

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Nigeria: Financial Probe – Sanusi Wins Round Two

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It was another sweet victory for suspended governor of the Central Bank of Nigeria (CBN) as Justice John Tsoho of the Federal High Court in Lagos yesterday barred the Financial Reporting Council of Nigeria (FRCN) from further investigating him.

Justice Tsoho made this order while delivering judgment in a suit filed by the suspended CBN governor against the FRCN and its executive secretary, Jim Osanyade Obase.

The court described the action taken by the FRCN so far as biased, malicious, premeditated, frivolous, deliberately skewed, malafide and abuse of executive power.

The judge also held there is clear evidence that FRCN’s bid to investigate Sanusi’s tenure at CBN is tainted with bias and motivated by bad faith.

Justice Tsoho’s verdict is coming three months after the president, Goodluck Jonathan, suspended Sanusi on allegations of financial recklessness.

He has denied the allegations, saying he had followed approved procedures while doing his job.

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Presidency Vs IOCs On Oil Theft: The Truth Is Gradually Coming Out By Ifeanyi Izeze.

Rivers of Hope

By Ifeanyi Izeze

It all started when the Managing Director of Shell Petroleum Development Company (SPDC) Mutiu Sunmonu, said in Abuja that instead of gallivanting to European and other foreign countries to seek for help on tackling crude oil theft, the Goodluck Jonathan administration should move against “principalities and powers in high places,” who are the sponsors of crude oil theft in the Niger Delta.


Mr. Sunmonu, who made the statement at the recently concluded Nigerian Oil and Gas (NOG) 2013 Exhibition and Conference, compared the stolen crude business to the drug business that had couriers, small dealers, and sponsors. The Shell boss said though it is commendable for Nigeria to take the initiative to discuss with foreign countries suspected to hold the proceeds from the sale of stolen crude oil, the problem can be easily solved if the sponsors are found out and dealt with.



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Bankers Won’t Speak The Truth Says Pat Utomi.

Rivers of Hope

A professor of political economy and entrepreneurship at the Lagos Business School, Prof. Pat Utomi has taken a swipe at Nigerian bankers for contributing to the culture of corruption that is destroying the country. In an extensive interview with SaharaTV over the weekend on the state of the Nigerian economy, Prof. Utomi accused bankers of being averse to telling the truth.

Bankers are the worst people in this,” Utomi said. “They won’t speak the truth. They say we escaped it this time. But they get caught the next time around.”

Defending himself on the role he played as the star witness for accused banker Mr. Atuche who is accused of defrauding Bank PH B of N27 billion, Utomi said that system was unfair.

“The system set up a prosecutorial lynch mob,” Utomi told SaharaTV’s Rudolf Okonkwo. “Things are thrown on some people. Sometimes really framed. Sometimes…

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Nigerian Inland Port, Kano to Begin Operations This Year

What Happened to the Portcullis?

201215124949311580_20Kano Inland Container Port is scheduled to commence operations by the end of this year, Chairman Governing Board Nigerian Shippers Council, Lieutenant General Salihu Ibrahim (Rtd) has said.

According to him, all gray areas that cause the delay in the processing and documentation of Kano port which affects the commencement of operations has been resolved.

Speaking during an interactive dinner session organized by Nigerian Shippers Council, North West zone, the chairman stressed that the council is all out to ease some of the transaction difficulties faced by shippers in Nigeria. He added that commencing operation at the inland ports will absolutely ensure reduction of about 90% in the expenses incurred during shipments of goods. According to him, all things being equal, Kano inland port is hoped to be fully operational at the end of 2013. Source: Daily Trust (Nigeria)

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Nigeria Scales Up To 36th Position On Global GDP Ranking …A 6.6 Percent Growth Rate, One Of The Fastest Obtainable Worldwide


The Federal Government yesterday said the nation had witnessed improvement in the global Gross Domestic Product ranking from number 44th in 2010 to 36th in 2012, recording a 6.6 per cent economic growth,one of the fastest growth rates obtainable anywhere in the world.

OKONJO IWEALAPresident Goodluck Jonathan, who was represented by Vice-President Namadi Sambo, said this while declaring open the 6th National Diaspora Day Conference organised by the Office of the Secretary to the Government of the Federation in Abuja.

The conference had as its theme, ‘Diaspora Nigerians –Agents of investment and development.’

“We have further reduced our fiscal deficit in the 2013 budget to 1.81 per cent of the GDP and significantly cut domestic borrowing,” Jonathan said.

He also applauded Nigerians in the Diaspora, who had responded positively to the call for greater involvement in the nation building process, adding that they should be very proud for their remittances and…

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