The Edo State Governor, Mr. Godwin Obaseki, has stated that Nigeria has a serious challenge considering its huge debt service obligation. With as much as N1.84 trillion earmarked in the budget for debt service alone, he said there was no doubt that this was a huge challenge for the country. #Video: Nigerian Economic Summit #23 to […]
Minister of Budget and National Planning, Sen. Udoma Udo Udoma on Thursday inaugurated the Technical Working Group (TWG) of the National Road Safety Advisory Council (NaRSAC), with a charge on members to work assiduously toward ensuring the successful implementation of the Nigerian Road Safety Strategy (NRSS). Speaking at the inauguration in Abuja, Udoma said the […]
The Minister of Budget and National Planning, Senator Udo Udoma, on Thursday said the 23rd Nigerian Economic Summit would drive the actualization of the Economic Recovery and Growth Plan. Udoma stated this in Abuja while inaugurating the Joint Planning Committee for the 23rd Nigerian Economic Summit. Watch: GROOVE: Defence College celebrates silver jubilee, 25th graduation ceremony […]
Kemi Adeosun, minister of finance, says the federal government has signed a policy to tax first class and business class air tickets alongside other luxury goods. Fielding questions from Nigerians on Thursday morning, via Facebook, the minister was asked what her thoughts were on taxing first class tickets and luxury coaches, and she said “I […]
Nigeria’s 36 states and the Federal Capital Territory (FCT) will be ranked based on an assessment of the ease of doing business within each location for the period 2014-2018. This was disclosed on Thursday in a presentation to the National Economic Council (NEC) by the Honourable Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, […]
The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has urged the Nigerian media to effectively communicate and educate Nigerians on how they could key into the Nigerian Housing Finance Programme (NHFP) to access finance for affordable housing in the country. The CBN Governor stated this on Tuesday in Abuja during the launch […]
Minister of Budget and National Planning, Sen. Udoma Udo Udoma has revealed why the President Muhammadu Buhari led administration is poised to simplifying the 2017 budget. Udoma made the disclosure at the public presentation of the 2017 appropriation on Monday in Abuja. “We believe that it’s important that people known and understand budget. The budget […]
The Minister of Finance, Mrs. Kemi Adeosun has announced plans by Nigerian government to recruit 7,500 graduates as Community Tax Liaison Officers to raise tax awareness among citizens thereby increasing the number of tax payers. Adeosun, along with the Chairman, Federal Inland Revenue Service (FIRS), Mr BabaTunde Fowler made this known at a joint media […]
Twenty-four days after the National Assembly transmitted the 2017 budget to the executive, acting President Yemi Osinbajo Monday finally signed the bill into law, with a resolve by the executive and legislature that the former would send a virement request to the National Assembly for the restoration of the budget alterations to the original document […]
Dangote Sugar sets to build the Africa’s largest sugar plantation capable of producing more than one and half million metric tons of sugar annually and creating 100,000 jobs state. The N217bn sugar complex which is sited in Tunga, Nasarawa state will start on a 60,000 hectares plantation with an initial capacity of 400,000 tons of […]
The Minister of Science and Technology, Dr. Ogbonnaya Onu said his ministry will partner with French Development Agency, AFD, to move Nigeria away from resource-based economy to knowledge based-economy. Dr. Onu stated this while playing hosts to officials of AFD in Abuja. Watch Also: Femi Falana: How Nigeria can recover, return looted funds from Switzerland, […]
FAAC: States appeal for more support from FG The Federation Account Allocation Committee (FAAC) on Tuesday shared N415.7 billion, which is N52.1 billion less than what the three tiers of government shared as revenue for March. The Accountant-General of the Federation, Mr Ahmed Idris, who represented the Minister of Finance, Mrs Kemi Adeosun, told journalists […]
The Federation Account Allocation Committee (FAAC) on Tuesday shared N415.7 billion, which is N52.1 billion less than what the three tiers of government shared as revenue for March. The Accountant-General of the Federation, Mr Ahmed Idris, who represented the Minister of Finance, Mrs Kemi Adeosun, told journalists in Abuja that the N415.7 billion was distributed […]
Nigeria will be out of recession by June CBN — Governor The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has stated that Nigeria’s economy will soon be out of recession. said that with the current efforts by the Federal Government to revive the country’s economy, the country should be out of […]
Nigeria’s Minister of Industry, Trade and Investment, Okechukwu Enelamah, as announced government’s plans to create 60,000 jobs through the new “tomato policy”. The minister made the announcement during a press briefing at the ministry’s headquarters in Abuja, Tuesday. “This policy (tomato policy) will actually work and it will create several jobs. We reckon it will […]
Minister of Finance, Keni Adeosun on Thursday says Nigerian government would save N5 billion from flight discounts offered to its officials by Dana Airlines limited and 18 other airline operators in the country. Acting Permanent Secretary, Ms. Larai Shuaibu, who represented the minister stated this at a workshop on flight discounts with Dana Airlines organised […]
Minister of Finance, Keni Adeosun on Thursday says Nigerian government would save N5 billion from flight discounts offered to its by Dana Airlines limited and 18 other airline operators in the country. Acting Permanent Secretary, Ms. Larai Shuaibu, who represented the minister stated this at a workshop on flight discounts with Dana Airlines organised by […]
Engr. Sidi Mohammad, a Deputy Director in the Federal Ministry of Industry Trade and Investments has disclosed government plans to restructure the ministry in a bid to improve service and boost revenue. Sidi made this disclosure while addressing Weights and Measures Inspectors at their 1st quarterly Assembly in Abuja. “The Senate is proposing to the […]
The federal, states and local governments has received less allocation for the month of February. The Federal Accounts Allocation Committee, FAAC, shared N429.1227 billion amongst the three tiers – this sum is N36.022 billion less the N459.149 billion distributed in January. Chairman of FAAC and Minister of Finance, Mrs. Kemi Adeosun read the communique of […]
The Nigerian government has launched “OneBook, Public Sector Accounting Solution” as a strategy to reduce cost and promote financial discipline among managers of public sector resources. This is coming weeks after the release of Economy Recovery Plan by the government. Minister of Finance, Kemi Adeosun performed the ceremony in Abuja on Tuesday. “I am very […]
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