Truth Is Treasure
By Tony Obiecina and Mathew Dadiya, Abuja The Bureau of Public Enterprises (BPE) said it has so far contributed N135bn out of the N220bn it is expected to generate for the 2019 fiscal budget. The Director General of the agency, Mr. Alex Okoh disclosed this at an interactive forum with the
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By Tony Obiechina, Abuja The Federal Inland Revenue Service (FIRS) has established a tax office, dedicated solely to the administration of taxes for Non-Resident Persons.A statement by FIRS Head, Communication & Servicom Dept, Wahab Gbadamosi said the Executive Chairman, Tunde Fowler has already signed a Public Notice to that effect.The
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By Tony Obiechina, Abuja The Federation Account Allocation Committee (FAAC) yesterdayshared a total of N693.529billion to the three tiers of Government for the month of September 2019. The N693.529 billion comprised revenue from Value Added Tax(VAT), Exchange Gain and Gross Statutory Revenue. The Committee which was chaired by
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By Mathew Dadiya, Abuja The Federal Government Wednesday okayed N5.4 billion contracts for Ministry of Petroleum, Aviation and Transportation for the construction of Oil and Gas parks, indoor shooting range and the purchase of 300 buoys for Nigerian waterways. The Minister of State for Petroleum, Timipre Sylva, Minister of Aviation, Hadi
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Despite claims to improvements in the economy by the Federal Government, it has emerged that the nation's inflation rate in September 2019 increased by 0.22 per cent to 11.24 per cent from 11.02 per cent recorded in August. The National Bureau of Statistics (NBS) said this in
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The Governor of Ekiti State, Governor Kayode Fayemi, yesterday said shortage of funds forced the federal government to stop states from rehabilitating Federal roads. Fayemi gave the clarification in Ado Ekiti on Tuesday at a colloquiuim tagged: ‘Building a Sustainable Economy Through Values Orientation and Innovative Thinking’, marking the first year
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The Federal Government on Monday listed its N15 billion green bond on the daily official list of the Nigerian Stock Exchange (NSE). The News Agency of Nigeria (NAN) reports that the seven-year bond issued at coupon rate of 14.50 per cent on June 13, 2019 would mature on June
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By Tony Obiechina, Abuja The Federal Government has allocated over N1,322.92 trillion on capital expenditure for 12 top Ministries, Departments and Agencies (MDAs) in the 2020 Budget.This is even as the Government admitted that it was responsible for the failure of Public Private Partnership (PPP) projects in the country.The Minister
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From Joseph Amedu, Lokoja No fewer than 33,348 households in Kogi state are now benefiting from the federal government cash transfer scheme. Mrs Falilat Abdulrazaq, the Head of Conditional Cash Transfer (CCT) Unit in Kogi, who gave the hint said the scheme is geared towards boosting the indigent households under the Federal Government's CCT Programme. Abdulrazaq disclosed
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By Orkula Shaagee, Abuja The House of Representatives yesterday passed the 2020 budget for second reading.President Muhammadu Buhari on Tuesday presented a spending plan of N10.3 trillion to the National Assembly, making next year’s proposed budget the country’s highest ever.Members of the green chamber had on Wednesday commenced debate on
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