National Economic Council, NEC, has set up a committee in the six-geopolitical zones of the country to decentralise operations of Nigeria Police Force. This came as National Security Adviser, NSA, Babagana Monguno, said ongoing security challenges in the country were asymmetric, which cannot be overcome within a short period. This is even as Nigeria Governors […]
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The Minister for Finance, Mrs. Kemi Adeosun, says the Federation Accounts Allocation Meeting (FAAC) ended in a deadlock on Wednesday in Abuja, because the figures proposed by the NNPC were unacceptable. A statement issued by Mr Oluyinka Akintunde, her Special Advise, Media and Communications, said Adeosun gave this explanation on Thursday in Abuja, at the […]
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The National Economic Council (NEC), presided over by Vice President, Yemi Osinbajo, Thursday, said the final report on the forensic audit of revenue accruals by revenue generating agencies confirmed massive under-remittances to government coffers to the tune of ₦8.1 trillion. Governor Ibrahim Dankwambo of Gombe State, who briefed State House correspondents at the end of […]
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The Federal Government has approved the sum of ₦800 million each for 35 states of the Federation totalling ₦28 billion to help them meet salaries, pension and other infrastructure obligations. Out of the 36 states, only Lagos State was excluded from the loan. The package was announced at the end of the five hour National […]
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The National Economic Council, NEC, yesterday, approved the injection of a fresh $250 million into the Sovereign Wealth Fund sourced from the Excess Crude Account (ECA). It also inaugurated a 9- member board of the Nigeria Sovereign Investment Authority, NSIA. Speaking at the inauguration of the board in Abuja, Acting President Yemi Osinbajo said the mandate […]
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Nigeria’s National Economic Council (NEC) has ruled out the possibility of increasing the Value Added Tax and other Corporate taxes by the Federal Government. NEC yesterday after a meeting at the presidential villa Abuja presided over by Vice President Yemi Osinbajo agreed that any attempt to increase taxes including VAT would bring additional hardship to […]
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