Between January 2015 and August 2018, the Federal Government recorded a total shortfall of ₦2.38 trillion in independent revenue from its agencies captured under the Fiscal Responsibility Act. The Act stipulates that any government agency that generates revenue must remit 80 per cent of their operating surplus to the Consolidated Revenue Fund account. Some of […]
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The federal government is not resting on its oars to address the present economic challenges being faced by Nigerians, the Minister of Transportation, Mr. Rotimi Amaechi, has said. In a statement signed by Mrs. Yetunde Sonaike, the ministry’s Director of Press and Public Relations, on behalf of the minister said the current economic recession experienced in […]
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Militant group, Niger Delta Avengers, NDA, on Sunday, dismissed reports that the group nominated Nobel laureate, Prof. Wole Soyinka to head its dialogue team with the Federal Government. Reports recently had it that the group which had claimed responsibility for several attacks on oil installations in the Niger Delta region, picked Soyinka to head its […]
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The Nigerian government has reduced to 40 days the timeframe for the granting of mining license to prospective investors. Director General, Mining Cadastral Office, MCO, Mr. Ibrahim Amate, who stated this, explained that licenses would be issued to successful miners who met the stipulated requirements, adding that all these is possible under the repositioned Mining […]
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Consumer Rights Advancement Organisation has appealed to the Federal Government to stop electricity generation companies from shutting down their operations over N156 billion debts. The GenCos, in newspaper advertisements on Aug. 8, threatened to shut down their plants over N156 billion debts owed by some government agencies. Mr Adeolu Ogunbanjo, the President of CRADO, a […]
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A former militant group on Sunday said it has been holding talks with the government to end a wave of attacks on oil and gas facilities in the Niger Delta which has crippled the country’s crude output, report by Reuters showed. On Thursday, the office of President Muhammadu Buhari said the government was using oil firms […]
Read More The Niger Delta Avengers on Friday denied claims by President Muhammadu Buhari that his administration was holding talks with the militants for possible compromise. The Nation earlier reported that “talks are going on with Niger Delta militants” The militants had claimed responsibilities for series of attacks on oil facilities across the region in recent times. According […]
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The Federal Government spent a total of N446.44bn to service the nation’s domestic and external debts between January and April this year, figures obtained from the Federal Ministry of Finance have revealed. In a report by Punchng, the figures are contained in the Consolidated Income and Disbursement Account of the Federal Government for the first […]
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IN A PRESS RELEASE STATEMENT N-Power is a job creation and empowerment initiative of the Social Investment Programme of the Federal Government of Nigeria. N-Power is designed to help young Nigerians acquire and develop life-long skills to become solution providers in their communities and to become players in the domestic and global markets. Through N-Power, […]
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The Federal Government may have directed its Ministries, Departments and Agencies to henceforth patronise local auto assembly plants for their vehicle needs as a way to keep the industry running and improve the nation’s economy. It is also projected that the gesture will form the plank for generating thousands of jobs. This indication emerged on […]
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A former Acting Governor of Kogi State and member of the Board of Trustees (BoT) of the All Progressives Congress (APC), Chief Clarence Olafemi, has called on the Federal Government to liberalize crude oil refining licence. This he said will encourage more private participation in crude oil refining in Nigeria. Olafemi in a position paper issued […]
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Following threats to embark on a nationwide strike over the new fuel price, the Federal Government plans to hold talks with the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC). Secretary to the Government of the Federation (SGF) Babachir David Lawal might lead the government’s team which will include some ministers, The Nation […]
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