National Economy
Tuesday, September 16, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home News

FG Secures N289.6bn In October Bond Auction Amid Rising Interest Rates

by Clement Uzo
11 months ago
in News
Reading Time: 2 mins read
FG,tree,Bond auction
Share on FacebookShare on TwitterShare on Telegram

You May Like

SEREC Links Steel Industry’s Decline To Poor Ports Infrastructure

Nigeria, Others To Brainstorm On Sustainable Energy Goals

The federal government has announced plans to review compensation rates for crops and economic trees, ensuring fairness for landowners impacted by infrastructure projects. The announcement was made by the Minister of Housing and Urban Development, Ahmed Dangiwa, during the 2024 National Technical Development Forum (NTDF) on Land Administration in Abuja, under the theme, “Review of Compensation Rates on Crops and Economic Trees for Project Affected Persons in Nigeria.”
Dangiwa stressed the importance of updating compensation, noting that the current rates, established in 2008, are outdated and no longer align with today’s economic realities or international standards.
“The federal government is reviewing these rates to ensure fairness and justice for landowners affected by expropriation. This review, supported by the Rural Access and Agricultural Marketing Program (RAAMP), aims to ensure that compensation reflects the true market value of lost assets, including long-term investments like cocoa, oil palm, rubber, and cashew trees,” Dangiwa said.
The minister emphasized that crops and economic trees, such as cocoa and oil palm, are more than just agricultural assets—they are symbols of cultural heritage and years of labor. He highlighted that the current compensation framework, underpinned by the Land Use Act of 1978, has struggled with implementation, resulting in delays, disputes, and inadequate payouts.
Fair compensation, according to Dangiwa, is not just a legal duty but also a moral obligation. He reaffirmed the government’s commitment to equitable compensation, especially for vulnerable citizens, to ensure that development projects do not impoverish Project Affected Persons (PAPs) but instead promote national growth.
Dangiwa called for the creation of a policy framework that balances infrastructure development with the protection of livelihoods and the environment.
“The true measure of development is not only in the infrastructure we build but in the lives we uplift and the communities we strengthen. I have full confidence that the outcomes of this forum will lead to a more equitable, just, and transparent compensation system for all project-affected persons in Nigeria,” he said.
The government plans to prioritize timely and transparent payments, with particular focus on vulnerable groups such as women, the elderly, and marginalized communities.
ShareTweetShare
Previous Post

UBA Grows Earnings By 83% To N2.3trn In Q3 2024

Next Post

World Bank Urges Nigeria To Boost Nutrition Investment, Promises $23 Return

ANOTHER GOOD READ

SEREC Links Steel Industry’s Decline To Poor Ports Infrastructure
News

SEREC Links Steel Industry’s Decline To Poor Ports Infrastructure

2 days ago
Nigeria, Others To Brainstorm On Sustainable Energy Goals
News

Nigeria, Others To Brainstorm On Sustainable Energy Goals

2 days ago
Arewa Forum Hail NAIC Boss Yazid Danfulani’s 100 Days In Office
News

Arewa Forum Hail NAIC Boss Yazid Danfulani’s 100 Days In Office

2 days ago
Aavishkaar Capital Invests $5m In Horizon Group To Boost Operations
News

Aavishkaar Capital Invests $5m In Horizon Group To Boost Operations

2 days ago
Coursera Introduces Region-aligned Pricing For Affordable Learning In Nigeria
News

Coursera Introduces Region-aligned Pricing For Affordable Learning In Nigeria

2 days ago
Aviation Safety: NiMet Unveils Digital Flight Folder, Aeronautical Bulletin
News

Aviation Safety: NiMet Unveils Digital Flight Folder, Aeronautical Bulletin

2 days ago
Next Post
CBN Reassures Of Depositors Funds’ Safety In Banks

World Bank Urges Nigeria To Boost Nutrition Investment, Promises $23 Return

Most Recent

LG Electronics Inaugurates Solar-powered Borehole, Free Laundry Facility In Abeokuta

LG Electronics Inaugurates Solar-powered Borehole, Free Laundry Facility In Abeokuta

September 16, 2025
How Fintech Can Untie Puzzle At  Bottom Of The Pile

How Fintech Can Untie Puzzle At Bottom Of The Pile

September 15, 2025
16 Teams For 9ja Cafe Rhum /Late Pa Ayo Rosiji Football Championship

16 Teams For 9ja Cafe Rhum /Late Pa Ayo Rosiji Football Championship

September 15, 2025
Nigeria Cricket Federation To Hold AGM, Board Elections Sept 20

Nigeria Cricket Federation To Hold AGM, Board Elections Sept 20

September 15, 2025
Nigerian U-20 Captain Daniel Joins Slovenian Club

Nigerian U-20 Captain Daniel Joins Slovenian Club

September 15, 2025
Egbe Demands NFF Reform Amid World Cup Qualifying Crisis

Egbe Demands NFF Reform Amid World Cup Qualifying Crisis

September 15, 2025
Safe Skies: Phone Switched Off Or Airplane Mode?

Safe Skies: Phone Switched Off Or Airplane Mode?

September 15, 2025
Articulated Vehicles And Increasing Fatalities: A Call To Action

Articulated Vehicles And Increasing Fatalities: A Call To Action

September 15, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy