Buhari Re-appoints Orji, MD Sovereign Wealth Fund

Hamilton Nwosa
Writer
new-diplomat default image
new-diplomat default image

Ad

US approves $346m arms sale to Nigeria to fight terrorism

By Obinna Uballa The United States government has cleared a possible Foreign Military Sale to Nigeria, involving munition, precision-guided bombs, rockets, and related equipment valued at an estimated $346 million. According to agency reports, a statement by the Defence Security Cooperation Agency (DSCA) dated August 13, the US State Department has notified Congress of the…

Airlines lift lifetime ban on freed Ibom Air passenger Comfort Emmanson

By Obinna Uballa  The Airline Operators of Nigeria (AON) has lifted the lifetime flight ban placed on Comfort Emmanson, an Ibom Air passenger earlier sanctioned for unruly behaviour on board. AON spokesperson, Professor Obiora Okonkwo, announced the decision in a statement on Thursday, noting that it followed an appeal from the Minister of Aviation and…

Reactions as Tinubu Sets 7% Growth Goal for 2027, Directs NNPCL Deduction Overhaul

By Abiola Olawale President Bola Tinubu has announced a target of achieving a 7% annual economic growth rate by 2027, triggering reactions from analysts. To support this goal, Tinubu has also ordered a comprehensive review of deductions and revenue retention practices by the Nigerian National Petroleum Company Limited (NNPCL) and other key revenue-generating agencies, aiming…

Ad

President Muhammadu Buhari has re-appointed Mr Uchechi Orji as Managing Director of the Nigeria Sovereign Investment Authority (NSIA).

This is contained in a statement issued by the President’s Special Adviser on Media and Publicity, Mr Femi Adesina, in Abuja on Thursday.

Orji was first appointed in October 2012 for an initial term of five years, renewable for another term of five years.

He said that under Orji’s leadership, “the NSIA has made remarkable strides, and its assets now stand at over two billion dollars, which is invested in Nigerian Infrastructure, Economic Stabilisation and Future Generation Funds”.

He stated that in line with Section 16(2) of the NSIA Act, the National Economic Council had in July, endorsed the renewal of Orji’s appointment, given his performance in the first term.

According to Adesina, President Buhari has also approved the nomination of Prof. Isa Hayatu Chiroma as the Director-General of the Nigerian Law School.

Chiroma will succeed Mr Olanrewaju Onadeko, who is due for retirement.

He is a Professor of Law, and currently the Deputy Director in charge of the Yola Campus of the Nigerian Law School.

He hails from Adamawa.

NAN

Ad

X whatsapp