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Business News

Assertive, productive assembly impossible without financial autonomy – Senator

Senator Godiya Akwashiki said that good governance at the state level would be impossible without financial autonomy.

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Senator Godiya Akwashiki, (APC – Nasarawa North), showed support for state judicial financial autonomy which triggered crises recently adding that good governance at the state-level would be impossible without financial autonomy.

The Senator disclosed this in a meeting with newsmen on Friday in Lafia, adding that the introduction of financial autonomy would improve Nigeria’s institutional democratic process.

“Let the state Houses of Assembly be independent and let them have financial autonomy, just like the National Assembly,” he said

“You cannot have an assertive, productive assembly without financial autonomy as it will enhance good governance and strengthen democracy in the country. As a legislator, you cannot have development in your constituency without the cooperation of the executive. You must work together as partners in progress,” he added.

What you should know 

Nairametrics reported earlier this week that the Governors’ Forum, Conference of Speakers of State Legislature and other governance stakeholders announced that they reached a resolution over the implementation of financial autonomy for State Legislature and Judiciary.

“The issue is about implementation. There has been no objection from governors on judicial and legislative autonomy.

As a matter of fact, it would not have passed if governors were not in support in the first instance. So, that issue has been fully and holistically addressed,” Kayode Fayemi, Ekiti State Governor and Chairman Nigeria Governors’ Forum, said.

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    Corporate Press Releases

    Unilever holds 96th AGM, declares N62bn Turnover

    According to the Company’s financial report, there was a 2.4 per cent year-on-year increase in revenue from N60.8 billion to N62 billion in the year under review.

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    Leading consumer goods producer, Unilever Nigeria Plc has declared a turnover of N62 billion for the financial year ended December 2020, even as the Board assured shareholders of their commitment to good corporate governance to drive sustainability and efficiency across the Company’s operations.

    Addressing shareholders at the 96th Annual General Meeting of the Company, the Chairman of the Board, His Royal Majesty, Nnaemeka Achebe commended the shareholders for their trust and loyalty to the Company despite the challenges posed by the COVID-19 pandemic in the year under review. He added that the Company will remain strategic in its approach to attaining sustainable growth and profitability.

    According to the Company’s financial report, there was a 2.4 per cent year-on-year increase in revenue from N60.8 billion to N62 billion in the year under review. The increase was driven by 7.3 per cent year-on-year growth in its food products, which was slightly offset by a 3 per cent revenue drop in the home and personal care segments. These results reflect a challenging operating environment

    Speaking on the results, The Chairman, Board of Directors, Nnaemeka Achebe, stated that even though 2020 was a year of significant disruptions and volatilities impacting the operating environment, Unilever Nigeria continues to build its resilience to navigate the impact of headwinds.

    Achebe added that the company remains focused on its strategy to deliver sustainable growth both in the medium and long-term riding on the pillars of operational efficiency, cost optimization, purposeful brands and increasing market share across key categories.

    “We continue to monitor the business environment and respond appropriately to volatilities in the operating environment as well as disruptions from the Covid-19 pandemic,” he said.

    In compliance with the Federal and State government directives on social distancing as part of measures to reduce the spread of the coronavirus, this year’s AGM was hybrid with most of the shareholders joining virtually.

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    FG’s latest COVID-19 restrictions do not affect our operations – Airlines

    Airline operators have disclosed that the Federal Government’s latest COVID-19 announcement does not affect their operations.

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    Boeing 737 Max Air, Boeing 737 MAX crash: Victims’ families to get N52 million compensation fee  , Global Air passenger slump to persists til 2023- Moody’s 2023- Moody’s

    Airline operators have disclosed that the Federal Government’s latest COVID-19 announcement does not affect their operations.

    One of them, Air Peace Limited, informed its patrons via its Twitter handle that its operations are still intact despite the lockdown restrictions.

    It tweeted, “Be informed that the latest COVID-19 announcement by the Federal Government does not affect our flight operations for now, as we’re still servicing our regular routes.

    We’ll keep you posted via our social media platforms as new updates on this emerge.”

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