The Federation Accounts Allocation Committee (FAAC) has shared a total of N574.668 billion in January 2022 Federation Account Revenue to the Federal Government, states, and local government councils. This was contained in a communiqué issued at the end of a virtual meeting of the Federation Account Allocation Committee (FAAC) for February 2022. The N574.668 billion […]
Economy
We’re Working To Bring Down Inflation, Boost Economy – FG
The federal government has assured of its determination to ensure that the inflation rate which has been on a downward trend is brought even lower as the government continues to work ways of reviving the economy. The Minister of State for Budget and National Planning, Clement Agba, gave the assurance yesterday at the Presidential Villa, […]
High Cost Of Cement Renders Most Nigerians Homeless – Group
A group, Coalition of South East Youth Leaders, COSEYL, an umbrella body of all the youth groups in the South-East has said that the high cost of cement would render most Nigerian families homeless if not checked. The group said it is totally condemnable to sell a bag of cement at the rate of N5,000 […]
Governor Matawalle Goes Round, Touching Lives Of The Poor
One of the cardinal principles of Leadership is empathy and sympathy to the poor. The essence of public treasury is to pool a commonwealth where the society can witness even distribution of resources for the maximum benefit of all. It is equally a virtue for a leader to have the personal feelings and concern to […]
Adulterated Fuel: Reps Committee To Sanction Erring PMS Suppliers
The Chairman, House of Representatives Committee on Petroleum (Downstream), Abdullahi Gaya, has assured Nigerians that it would handle companies who imported off-spec Premium Motor Spirit into the country. Gaya spoke during an engagement with the management of the Nigerian National Petroleum Company Limited, organised by the committee on the current fuel situation in the country. […]
FG To Train 500,000 Public Servants On Digital Economy
The Bureau of Public Service Reforms (BPSR) says plans are underway to train 500,000 public servants on digitisation and Information Technology (IT) to improve service delivery. Mr Dasuki Arabi, the Director-General of the bureau disclosed this when he featured at the News Agency of Nigeria (NAN) forum in Abuja on Sunday. Arabi said that the […]
Bill To Ease Retirees’ Access To Pension Funds Passes Second Reading
A bill proposing retirees can make a 75% withdrawal from their Retirement Savings Account (RSA) after retirement has passed second reading at the Senate. The bill titled: “The Pension Reform Act 2014 Amendment Bill 2022” scaled second reading during Wednesday’s plenary following debates on the general principles of the bill. The bill, sponsored by Senator […]
Nigeria’s Debt Sustainability At Risk, Cause For Concern – IMF
The International Monetary Fund (IMF) has said Nigeria’s debt sustainability is at risk and causes a great deal of concern and unease in the long-term. IMF reiterated the need for the Nigeria government to implement timely fiscal reforms. IMF’s Mission Chief for Nigeria, Ms. Jesmin Rahman, said these yesterday, during a virtual media briefing on […]
The Petroleum Subsidy Trap and The Way Forward
Ahmed Adamu, PhD Lack of refining capacities and Petroleum subsidies have caused Nigeria to lose significant foreign exchange and its ability to fund infrastructural development. The Nigerian government’s share of crude oil averaged around 900k barrels per day in 2021, and at least 70% of that was exchanged for petroleum products, which means only 30% […]
Bagudu Lauds WACOT Rice For Transforming Economic Landscape Of Kebbi
Kebbi State Governor,Senator Abubakar Atiku Bagudu has commended an International Rice Milling Firm, that is based in Argungu, WACOT Rice Nigeria Limited for transforming the economic landscape of Kebbi State. He spoke on Monday in Birnin Kebbi when he received the Chairman of WACOT Rice , Alhaji Faruk Gumel, the Chairman of the company on […]