President Goodluck Jonathan will today leave Abuja, for the World Economic Forum (WEF) in Davos, Switzerland. At the forum, the president is expected to lead efforts aimed at attracting beneficial global participation in this year’s World Economic Forum (WEF) Africa, which would be hosted by Nigeria in Abuja from May 7 to 9. Jonathan will be accompanied and supported by key members of the federal government’s Economic Management Team from the public and private sectors, as well as the Nigerian Economic Summit Group (NESG). The president is scheduled to host special events in Davos aimed at boosting attendance at the economic forum in Abuja by leading players in the world’s political and economic affairs who meet in the Swiss winter resort annually. This was contained in a statement by his Special Adviser on Media and Publicity, Dr. Reuben Abati. The events, which would include an African soiree for participants, and an interactive session with financiers and industrialists, according to the statement, would also seek to further promote Nigeria’s immense economic potentials with a view to attracting more employment generating investments to the country. The theme of the WEF on Africa in Abuja – “Forging Inclusive Growth, Creating Jobs” is very much in tandem with the federal government’s economic priorities for this year as enunciated in this year’s national budget proposals. “It is expected that the forum will bring regional, continental and global leaders together in Abuja to discuss innovative structural reforms and investments which Nigeria and other African nations can buy into to sustain their economic growth, create more productive jobs for their youthful populations and greater prosperity for all their citizens. “While in Davos for the 2014 annual meeting of the World Economic Forum which has “Reshaping of the World” as its theme, President Jonathan will also participate in a televised session focused on actions needed to ensure that the currently positive economic growth trends in Africa endure and yield greater benefits for all stakeholders in the well-being and development of the continent. “The president will have bilateral meetings with other participating heads of state and government including Prime Minister Benjamin Netanyahu of Israel and also receive the chief executives of leading international conglomerates with interest in Nigeria before returning to Abuja on Friday,” the statement read.
The Nigerian stock market sustained its positive momentum Friday, as the NSE benchmark index appreciated marginally by 0.43 per cent to close at 38,712.76 points, compared with the gain of 0.20 per cent recorded the previous Thursday. Week-on-week, the Index gained by 0.99 per cent, while Year-to-Date (YTD) it has recorded a decline of 6.33 […]
The sum of $143.5 billion was the total financial flow to the federation and other government entities from 2009 to 2011, the Nigeria Extractive Industries Transparency Initiative, NEITI, report assessing and reconciling financial flows within Nigeria’s oil and gas industry stated. The report released last week indicated that the amount showed a decrease of four […]
Royal Dutch Shell has offered $51million in compensation for two oil spills that occurred in Bodo community in Gokana Local Government Area of Rivers State in 2008 after a London court yesterday rejected a larger claim; Reuters quoted sources involved in the case as saying. Also yesterday, the Nigerian Liquefied and Natural Gas (NLNG) […]