The Federal Executive Council, FEC, on Wednesday approved the 2019-2021 Medium Term Expenditure Framework, MTEF, and Fiscal Strategic Paper, FSP now to be sent to the National Assembly for its consideration and approval. FEC also approved a budget proposal of ₦8.73 trillion for the 2019 fiscal year which is about N400 billion lower than that […]
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ADDRESS BY HIS EXCELLENCY MUHAMMADU BUHARI, PRESIDENT, FEDERAL REPUBLIC OF NIGERIA, AT THE INAUGURATION OF THE COMMITTEE TO ASSESS IMPACT AND READINESS FOR THE AFRICA CONTINENTAL FREE TRADE AREA AGREEMENT (AFCFTA) MONDAY, 22 OCTOBER, 2018 Protocols: It is my pleasure to be here with you in this inauguration ceremony. Let me begin by saying that […]
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The Federal Government has finalised arrangement to establish delivery units in six ministries to tackle the challenges faced by investors in the effective implementation of the Economic Recovery and Growth Plan, ERGP, of President Muhammadu Buhari’s administration. Minister of Budget and National Planning, Senator Udoma Udo Udoma, stated this while briefing State House correspondents after […]
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Minister of Budget and National Planning Senator Udoma Udo Udoma says that over 180 firms took part in the first phase of the Economic and Recovery Growth Plan (ERGP) Focus Labs, which covered a six week period in Abuja from March 12th to April 22nd. Udoma added that the Focus Labs produced 67,200 man-hours of […]
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President Muhammadu Buhari yesterday said the Federal Government, under his leadership, is pursuing an aggressive plan to attract investment into the country to boost the economy. He said the implementation of the Economic Recovery and Growth Plan (ERGP) required significant investment by the government and the private sector to build infrastructure and diversify the economy. […]
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Co-Chair of the Bill and Melinda Gates Foundation, Bill Gates, yesterday, criticised the Federal Government’s Economic Recovery and Growth Plan (ERGP), saying it does not reflect people’s needs. Gates, who stated this at the expanded National Economic Council on Investment in Human Capital, presided over by Vice President Yemi Osinbajo, at the State House Conference […]
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As tongues wag over the avalanche of heavy offshore loans heaped on the country, the Minister of Finance, Mrs. Kemi Adeosun, yesterday said there was no cause for alarm as the Federal Government’s revenue and debt management strategy would mitigate its debt service risk to fast-track development. The Minister, who welcomed the advice of Nigeria’s […]
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In line with the Economic Recovery and Growth Plan (ERGP) and Medium Term Expenditure Framework (MTEF), Nigeria’s government has articulated and identified 10 key prioritized projects set to double productivity and improve access to export markets in a sustainable manner. Minister of Agriculture and Rural Development, Chief Audu Ogbeh, who disclosed this at Nigeria’s Agricultural […]
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The Nigeria’s Federal Government yesterday disclosed it released ₦336 billion as first quarter 2017 capital expenditure for federal Ministries, Departments and Agencies (MDAs). A statement from the Finance Ministry, said that the balance of N14 billion was being processed, pending resolution of some formalities within the agencies concerned. According to the statement, the Ministry of […]
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Tanzania is set to take Nigeria through stages of sustaining economic recovery following its exit from recession in order to prevent a relapse. According to correspondent, the President, Manufacturers Association of Nigeria, Dr. Frank Jacobs, stated this on the sidelines of the pre-Annual General Meeting media briefing in Lagos on Wednesday. Jacobs said the former […]
Read More The Federal Government appears more favourably disposed to giving the Organised Private Sector (OPS) the support it needs to play a leading role in the revival of Nigerian economy currently buffeted by recession. This sentiment was amply demonstrated in Lagos recently, when the Minister of Budget and National Planning, Udoma Udo Udoma, spoke on the […]
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The Federal Government has been advised to review its economic policies to accommodate evolving global economic trends in order to facilitate quick recovery and growth. Economic experts and stakeholders said this in Lagos at the 2017 Bankers Nite organised by the Lagos branch of the Chartered Institute of Bankers of Nigeria. The theme of the […]
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