FG, Dangote sign MoU on ₦165bn rice project

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Dangote Industries Limited on Friday announced a $1bn (N165bn) investment for commercial rice farming and modern integrated rice mills to be run by the firm in Nigeria.  The President and Chairman, Dangote Group, Mr. Aliko Dangote, announced his firm’s investment plan at the headquarters of the Federal Ministry of Agriculture and Rural Development in Abuja.

Dangote, who led a delegation from his firm to the ministry, later proceeded to the Presidential Villa for the signing of a Memorandum of Understanding with the Federal Government. He told ministry officials and journalists that the move to invest in rice production was aimed at developing Nigeria’s economy through agriculture.

He said the investment would further boosts the Federal Government’s drive to attain food sufficiency in Nigeria, adding that in the next fours years Nigeria will become an exporter of rice.

Vehicles Made-in-Nigeria to roll out next month – FG

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Minister of State for Industry, Trade and Investment, Dr. Samuel Ortom has revealed the Federal Government's plans to roll out made-in-Nigeria vehicles into the market next month, June 2014. The Minister made this known when he received a delegation from Automobile Peugeot, France in his office in Abuja, Punch reports.

The minister, while addressing the delegation which included the company's Vice President, Mr. Yves Moulin, said the newly introduced auto policy is quite effective and is attracting automobile brands to establish assembly plants in Nigeria. Continue...

ASUU strike: Forcing us to re-open varsities will complicate matter– ASUU warns FG

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AS the strike embarked upon by the Academic Staff Union of Universities enters the fourth month, the union has flayed alleged plans by the Federal Government to forcefully order the re-opening of the universities today, saying this may only complicate the situation.

Chairperson of the Uniport chapter of ASUU, Professor Anthonia Okerengwo, urged the Federal Government to toe the path of honour in its effort towards resolving the lingering strike.

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FG presents National Honours, money & plots of land to Super Eagles

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President Jonathan at a special reception held in honour of the Super Eagles in Abuja this evening rewarded the Super Eagles with National Honours, millions of Naira and plots of land in Abuja.

Coach Stephen Keshi - Commander of the Order of Niger. N10million. Plot of land in Abuja
Asst Coach Daniel Amokachi - Officer of the Order of Niger. N5m. Plot of land in Abuja
Asst Coach Ike Shorumu - Officer of the Order of Niger. N5m. Plot of land in Abuja
Captain Joseph Yobo - Officer of the Order of Niger. N5million. Plot of land in Abuja
Super Eagles players - Member of the Order of Niger. N5million. Plot of land in Abuja
Technical crew - N2 million 

Billionaire businessmen Tony Elumelu and Jim Ovia donated half a million dollars each to the Super Eagles, while Dangote donated N5m to each player and technical crew of the Super Eagles.