Akwa Ibom, Dangote, others to establish new power plant

Akwa Ibom, Dangote, others to establish new power plant:

A new electricity generating company, Qua Iboe Power Plant, expected to gulp more than US$1bn is to be set up at the Qua Iboe Onshore Terminal in Ibeno Local Government Area of Akwa Ibom State.

Budget – FG votes N46bn for manufacturing zones: The Federal Government is planning to spend a total of N46bn (US$128m) this year on the construction of special economic zones for the manufacturing sector in all the six geo-political zones in the country. The amount is part of the 2018 proposed budget sent to a joint session of the National Assembly by President Muhammadu Buhari last year.

PenCom recovers N13.58bn from defaulting employers: The National Pension Commission (PenCom) has recovered N13.58bn (US$37.7m) from employers that deducted pension contributions from their employees’ salaries but failed to remit the amount to the workers’ respective Retirement Savings Accounts, investigation has revealed

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