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GEJ, Deputy to Spend N4Bn on Food, Travels in 2015

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Goodluck Ebele Azikiwe Jonathan, President of Nigeria and family
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President Goodluck Jonathan and Vice President Namadi Sambo will spend over N4billion on food and travels in 2015, according to the details of the budget proposal submitted to the National Assembly by Ngozi Okonjo Iweala, finance minister.

The presidency has a total budgetary allocation of N26.6 billion (N12.9 billion for personnel, N11. 1 billion for overhead and N2.5 billion capital development fund) next year, subject to upward or downward review by the lawmakers.

Specifically, President Jonathan will spend N1.9 billion on travels and transport, while others under the President’s office will spend N1.3 billion on local travels and transport, and another N621,067,913 on international travels and transport.

Vice President Namadi Sambo will spend a total on N42.4million on travels and transport, while others under his office will gulp N19.6 million for local travels and transport and N10.7 million for international travel and transport. Local travel and transport (training) will also gulp another N12 million.

President Jonathan will also spend N517.8 million on miscellaneous, N456 million on honorarium and sitting allowance and N60.8 million on publicity and advertisements; while Sambo will spend N117 million on miscellaneous, N15 million on  honorarium and sitting allowance, as well as N35 million on publicity and advertisements.

Both the president and his deputy have been allocated a combined sum of N1.2 billion to be spent on food stuffs and kitchen items.

Another sum of N310 million will go for purchase of drugs and other medical and laboratory equipment.

Other expenses include the sum of N13.5 million on the feeding of wild life at the State House zoo.

The presidential air fleet has a total budget allocation of N5.3 billion with only N36.1 million as salaries while the remaining sums will be spent on overheads and capital expenditure.

The office of the National Security Adviser (NSA) was allocated the sum of N84.1 billion out of which N20 billion is for capital expenditure, N64.1 billion for recurrent. Of the N64.1 billion only a party sum of N268.4 million is for salaries.

According to the NSA’s budget details, N1.3 billion is to be spent on security services, N15 million on fueling of generators, N20.8 million on food, and N11.1 million on local travel.

The Federal Government had, due to dwindling prices of oil, proposed a budget of N4.3trillion. Capital expenditure was cut to N633.53 billion as against N1.552 trillion in 2014, but recurrent expenditure was raised to N2.616 trillion as against N2.468 trillion in 2014.

Already, the crude oil bench mark price has been reviewed thrice and is now pegged at $65 per barrel, which is still above the $60 price of oil in the international market.


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PalmPay Deepens Its Long-Term Commitment in Nigeria with New Office @ Yaba

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PalmPay has opened a new office at 33 Old Yaba Road, Lagos, reinforcing its commitment to innovation, customer service, and operational growth in Nigeria.

The new office represents a continued investment in PalmPay’s people, operations, and infrastructure, supporting the company’s ability to deliver reliable financial services at scale. Designed to accommodate PalmPay’s growing team, the workspace enables closer cross-functional collaboration while strengthening service delivery nationwide. Located in Yaba, one of Lagos’s most established commercial and technology corridors, the office further anchors PalmPay within Nigeria’s innovation and financial ecosystem.

Speaking at the office launch, Managing Director Chika Nwosu highlighted that the new workspace reflects PalmPay’s long-term vision and dedication to excellence. “This new office represents an important step in our growth journey and our commitment to building secure, reliable, and inclusive financial solutions for our users,” he said.

The launch event was attended by PalmPay’s leadership team, employees and customers, who toured the facility and marked the company’s continued growth and progress.

With the opening of its office at 33 Old Yaba Road, PalmPay continues to strengthen its presence in Nigeria and reaffirm its mission to drive financial inclusion through innovative digital solutions.

PalmPay is a leading digital banking platform driving financial inclusion and economic empowerment in underserved emerging markets. Through its secure, user-friendly, and inclusive suite of financial services, PalmPay empowers individuals and businesses with tools to manage and grow their money.

PalmPay offers a comprehensive range of products, including mobile payments, savings, and micro-insurance via its app and mobile money agent network.

Since launching in Nigeria in 2019 under a Mobile Money Operator license, the platform has grown to over 35 million app users and processes up to 15 million transactions daily. PalmPay has operations in Nigeria, Ghana, Tanzania, and Bangladesh.


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NAHCO Signs New Ground Handling Deals

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The Nigerian Aviation Handling Company Plc has announced the signing of a chain of contracts with major airlines for the provision of total handling solutions.

In a statement on Tuesday, the company announced the signing of contract renewals with Air France, KLM and Virgin Atlantic, as well as the African operator, RwandAir.

NAHCO also signed fresh contracts with United Nigeria – Regional, Bellagio and Malaikair.

According to the statement, the contracts with Air France and KLM are for three years and will run till 2028, respectively. The duration of the contract with Virgin Atlantic was also put at three years.

The duration for the RwandAir contract is for three years, effective 1 October 2025.

The statement read, “The new contract with United – Regional would be for a period of five years, effective from 1 August 2025. For Bellagio and Malaikair, the contracts are for three and five years, respectively.

“Bellagio Air, Nigeria’s rising star in aviation, is redefining air travel with a blend of luxury, efficiency, and reliability. Headquartered in the vibrant city of Ikeja, Lagos, Bellagio Air is committed to providing world-class service across key domestic and regional routes.”

The Group Executive Director, Commercial and Business Development, NAHCO Plc, Saheed Lasisi, who expressed his delight with the new contracts, said NAHCO is already ready to exceed customers’ expectations.

According to Lasisi, NAHCO’s more than 46 years of unblemished excellent service delivery puts it heads and shoulders above any other service provider in the industry.

“This is what we have been doing for almost half of a century. We will continue to delight our customers and make our stakeholders happy by exceeding expectations in all aspects of our service offerings. We are always willing and ready to do more,” Lasisi added.

The Group Managing Director/Chief Executive Officer, NAHCO Plc, Olumuyiwa Olumekun, added that with the new fleet of equipment the company is deploying, service delivery will only be better.

 


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Nigeria Targets Satellite-to-Mobile Services in Draft Spectrum Roadmap

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Nigerian Communications Commission (NCC) has unveiled a forward-looking strategy that places satellite-enabled mobile connectivity at the heart of the country’s drive to bridge its long-standing coverage gaps.

Nigeria Targets Satellite-to-Mobile Services in Draft Spectrum Roadmap

The draft Spectrum Roadmap for the Communications Sector for 2025 to 2030 lays out how satellite technologies could help deliver reliable voice and data services to millions of Nigerians who live beyond the reach of conventional mobile networks.

The direction is outlined in the Commission’s draft Spectrum Roadmap for the Communications Sector covering the period.

The proposed approach highlights non-terrestrial networks as a complement to existing mobile infrastructure, especially in areas where terrain, insecurity, or high costs limit the deployment of base stations.

The NCC said D2D satellite technology, which allows standard mobile phones to connect directly to satellites, is gaining traction globally as a means of delivering voice and data services without reliance on ground towers.

According to the regulator, the technology could help close persistent coverage gaps in rural, riverine, and border communities that remain outside the reach of conventional networks.

It also noted that satellite-backed connectivity could improve network reliability by providing alternative links during fibre cuts, power failures, or other disruptions affecting terrestrial systems.

The Commission added that wider adoption of D2D services could support emergency communications, public safety operations, Internet of Things applications, and services such as smart agriculture in underserved regions.

It also pointed to potential investment opportunities through partnerships between mobile network operators and satellite companies, including more efficient use of shared spectrum resources.

Beyond D2D services, the roadmap places emphasis on Low-Earth Orbit satellites to expand broadband access to remote parts of the country.

It also proposes better utilisation of Geostationary Orbit satellites and the exploration of high-altitude platforms, such as stratospheric balloons, to support mobile backhaul and rural connectivity.

The policy signals come shortly after Airtel Africa announced an agreement with SpaceX to introduce Starlink-powered direct-to-cell services in Nigeria.

The NCC’s roadmap is expected to shape future spectrum allocation, licensing decisions, and technology adoption across the telecommunications sector.


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