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Lagos emerges fifth largest economy in Africa

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Lagos State has emerged as the fifth largest economy in Africa, consequent upon which, Governor Akinwunmi Ambode, disclosed that his administration is in the process of setting up an Economic Management Team, EMT, comprising distinguished individuals from the private sector and the public sector to manage and improve the feat.

Ambode spoke on Tuesday at the Lagos House in Ikeja when he received a delegation from the Nigerian-British Chamber of Commerce on courtesy visit, disclosing that the emergence of Lagos as Africa’s fifth largest economy was very instructive

He promised that his government would explore synergy with private sector with the view to catapult the State into a true global city-state in the true sense of the word.

Ambode said: “Very soon we would be setting up what we would refer to as an Economic Management Team to drive the fifth largest economy, because that’s the way we need to envision ourself and this Economic Management Team will involve nominees from the Chambers and other people in the private sector so that we can collaborate because majorly this economy is driven by the private sector.

“Our duty is to create an enabling environment and fuse all that together.
“I think that synergy can just catapult Lagos into that global city-state that we want it to be.”

The governor explained that his decision to come up with the Office of Oversees Affairs and Investment, otherwise known as Lagos Global, was part of efforts at encouraging investment in Lagos both from within and outside, among many other initiatives of the present administration.

His words: “I think it is very instructive to clearly state that the economy of Lagos is in the hands of the private sector and beyond the fact that Lagos is now the fifth largest economy in Africa, the drive to take Nigeria out of recession actually resides in the private sector and willingness on the part of the public sector.

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War: China, India, Tajikistan, others to send troops to Russia

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China’s People’s Liberation Army will send troops to Russia to participate in the “East-2022” drills.

The East-2022 is also called the Vostok-2022 and this was disclosed by the Chinese Ministry of Defense on Wednesday, according to CNN.

“China’s participation in the exercise is aimed at deepening practical and friendly cooperation with the armies of the participating countries,” the ministry added.

It further explained that the Asian giants’ participation would enhance the level of strategic cooperation among countries involved.

The exercise would further strengthen the ability to respond to various security threats, according to the defense ministry.

It, however, added that the exercise is unrelated to the current international and regional situation.

Other nations to join in the exercise are India, Belarus, Tajikistan, Mongolia and other countries.

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Buhari approves three orthopedic hospitals in Edo, Plateau, Taraba

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President Muhammadu Buhari has approved the establishment of three additional orthopedic hospitals.

Health Minister, Osagie Ehanire, made the announcement on Wednesday at the inauguration of the Primary Health Care(PHC) Leadership Challenge at the State House.

The event was organised by the Nigeria Governors’ Forum (NGF) in collaboration with development partners.

Ehanire disclosed that the President approved siting of the orthopedic hospital in three regions.

“North-East has one; the North-Central has one and the South-South has one; in Benin, Jos and Jalingo respectively”, NAN quoted him saying.

Finance Minister, Zainab Ahmed said N471.9 billion had been disbursed to states under the $1.5billion World Bank-Assisted States Fiscal Transparency Accountability and Sustainability (SFTAS) Programme.

She added that all the 36 states had fully domesticated the fiscal reforms in their public financial management system.

Buhari approves three orthopedic hospitals in Edo, Plateau, Taraba

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BREAKING: Electricity workers call off strike

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National Union of Electricity Employees (NUEE) has called off its nationwide strike.

The decision followed an emergency meeting with the Minister of Labour and Employment, Chris Ngige on Wednesday.

The minister’s spokesman Olajide Oshundun, announced that Ngige intervened in the industrial action.

NUEE Secretary General, Joe Ajaero, assured that electricity would be restored across the country tonight.

The workers shut down all Transmission Companies of Nigeria (TCN) offices earlier today.

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