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Minister Confirms Bird Flu Outbreak In 11 States

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The Minister of Agriculture and Rural Development, (AMARD) Dr Akinwumi Adesina, on Wednesday confirmed the outbreak of bird flu in 11 states of the federation.
Adesina announced that the Federal Government had approved N145 million to compensate farmers affected by the outbreak of the disease.
He made the disclosure at an emergency meeting on Avian Influenza with state commissioners for agriculture in Abuja.
The minister directed that the compensation should be paid to the farmers within 72 hours.
Adesina named the states affected by the outbreak of the disease as Kano, Lagos, Ogun, Rivers, Delta, Edo, Plateau, Gombe, Imo, Oyo and Jigawa states.
He explained that the compensation was for 39 farms across nine states where depopulation was carried out as a measure to control the outbreak.
The minister said that the affected farmers would get N1.4 million each.
“We want all those who are exposed to report. The Federal Government just like we dealt with Ebola are on top of the situation.
“We are not in a state of an epidemic and will collaborate with states and our development partners to ensure that there is no room for panic,’’ Adesina said.
According to him, as at Jan. 21, a total of 139, 505 birds had been exposed with 22, 173 mortality recorded and as at Jan. 27, 232,385 were exposed and 51, 444 mortality recorded.
He said the ministry was working closely with State Governments, the Poultry Association of Nigeria, the Nigerian Veterinary Medical Association and the Animal Science Association of Nigeria to contain the spread of the flu.
The minister said he had directed a nationwide comprehensive surveillance, quarantine, de-population and decontamination of affected poultry farms.
He said that poultry product if cooked well was safe for consumption, adding that the main channel of infection was direct contact with infected surfaces or objects contaminated with faeces of infected birds.
Adesina urged the citizenry to imbibe high level of hygiene, calling on stakeholders to cooperate with government to quickly control the outbreak.
He urged the private sector to cash in on the opportunity to establish veterinary laboratories across the country for easy and faster diagnosis of animal diseases.

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NSE Begins Week On Negative Note, Loses N19.49bn

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The Nigerian stock market began the week on a negative note as banking and consumer goods stocks, among others, triggered a N19.49bn loss.
At the end of trading on the floor of the Nigerian  Exchange Limited , the NGX All-Share Index dropped by 0.09 per cent to end at 43,270.94 basis points, while the market capitalisation declined to N22.58tn.
Market activities were mixed as the total volume of shares traded decreased by 30.19 per cent while the value traded rose by 34.05 per cent.
A total of 213.13 million shares valued at N2.36bn were exchanged in 4,105 deals, compared to 305.32 million shares worth N3.58bn in 4,450 deals last Friday.
FCMB Group Plc topped the traded stocks in terms of volume, accounting for 27.43 per cent of the total volume of trades while Airtel Africa Plc emerged as the most traded stock by value, representing 28.81 per cent of the total value of trades on the exchange.
14 firms gained compared to 21 losers.
AIICO Insurance Plc was the biggest gainer for the day, topping the gainers’ chart with a price appreciation of 8.57 per cent to N0.76 per share.
It was followed by LivingTrust Mortgage Bank Plc with a rise of 7.95 per cent, ending the day at N0.95 per share.
Analysing by sectors, three of the five major indices closed lower, led by NGX Oil & Gas (-0.56 per cent), NGX Consumer Goods (-0.23 per cent) and NGX Banking (0.18 per cent).
But the insurance (0.82 per cent) and industrial goods (0.002 per cent) indices gained at the end of trading.

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… Introduces TIES To Boost  Business Loan

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The Central Bank of Nigeria (CBN) has introduced the Tertiary Institutions Entrepreneurship Scheme (TIES), which provides undergraduates and graduates with a platform to access loans.
The TIES’ underlying aim is to provide access to capital for Nigerian undergraduates and graduates with innovative entrepreneurial and technological ideas from polytechnics and universities.
TIES intends to shift undergraduates and graduates away from white-collar job pursuits and towards a culture of entrepreneurship development for economic development and job creation.
In a national biennial entrepreneurship competition, the Developmental Component would be distributed in the form of awards to Nigerian polytechnics and universities.
The competition aims to increase undergraduates’ awareness and visibility of high-impact entrepreneurial/technological concepts, foster entrepreneurial talent hunts in Nigerian polytechnics and universities, and encourage commercially viable and transformative technologies.
Interested Nigerian polytechnics and universities shall apply to participate in the national biennial entrepreneurship competition on a dedicated online portal.
Outlining brief details of the project, potential impact and evidence of originality of project, CBN said it is an innovation for students entrepreneurs.

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CITN Applauds FG, Tax Authorities On Fiscal Policy Decisions

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The Chartered Institute of Taxation of Nigeria (CITN) has lauded the Federal Government and tax authorities on the giant strides made on fiscal policy decisions and tax administration measures initiated this year in the area of Finance Act 2021 and the introduction of TaxPromax solution.
President of the institute, Adesina Adedayo, who gave the commendation at the institute’s yearly award ceremony at the weekend in Lagos, assured the government and tax authorities of aligning with the measures and promised to provide professional thoughts and insights on ways through which they could achieve an efficient and effective Nigerian tax system.
Adedayo emphasised the need to address the database, adding that without knowing who the tax-payers are, there is no way they can take money from unknown tax-payers.
Database is the aspect we have been emphasising on as an institute and in doing this, there are so many of pockets of data we have. All the data must be harmonised to have a simple unique tax-payers identification number,” he said.

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