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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PRESIDENT Muhammadu Buhari has stated that it is difficult for Nigeria to develop when the nation’s wealth is in the hands of few individuals. The president who spoke on Monday at the National Political Summit organised by Save Democracy Group Africa in Abuja,a situation where politicians divert resources meant to provide drugs in the hospitals, […]
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Nigeria’s Vice President, Professor Yemi Osinbajo, says contrary to the misconceptions about the Conditional Cash Transfer, the scheme is well thought out and will cater for thousands of unemployed youths. In an exclusive interview with Channels Television’s, Chamberline Usoh, at the Presidential Villa on Wednesday, Professor Osinbajo stressed that the cash transfer promised during the […]
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VICE President Yemi Osinbajo has said the Federal Government, which relies on crude oil for about two-thirds of its revenue, is seeing a silver lining to the plunge in crude prices because it will no longer have to subsidise fuel. “Lower oil prices also mean there is some advantage,” Osinbajo said in a panel discussion […]
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PRESIDENT Muhammadu Buhari on Wednesday surprised many ministers as he arrived for the Federal Executive Council (FEC) meeting 10 minutes earlier than the commencement time. Buhari, who arrived the Council Chamber at 9:50am with his Aide-de-Camp for the meeting slated for 10:00am met only 19 ministers out of the 36 ministers when he got to […]
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DESPITE the ongoing trial at a federal high court in Abuja on charges of money laundering and corruption pressed against him by the Economic and Financial Crimes Commission, EFCC. The Chairman of DAAR Communication, owners of African Independent Television and Ray Power FM, Chief Raymond Dopkesi, on Tuesday sent season’s greeting cards to President Muhammadu […]
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President Muhammadu Buhari and Vice-President Yemi Osinbajo are to spend N2.2bn on travels and transport, foodstuffs and catering materials, refreshment and meals as well as honorarium and sitting allowances in the 2016 fiscal year. Details of this spending are contained in the 2016 budget of N6.08tn, which the President submitted to a joint session of […]
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