Tag Archives: FG

The Federal Government, through the National Insurance Commission, plans to introduce a new classification policy in the industry, the Commissioner for Insurance and Chief Executive Officer of NAICOM, Mr Muhammad Kari, has said. Kari stated this at an executive breakfast meeting organised by the Society for Corporate Governance Nigeria, in Lagos on Wednesday. According to him, under the planned policy, …

Read More »

The Federal Government has announced that a total of N1,580,270,755,084.44(One trillion, five hundred and eighty billion, two hundred and seventy million, seven hundred and fifty-five thousand, eighty-four naira, forty-four kobo) capital cost was released to Ministries, Departments and Agencies for the 2017 federal budget. The Minister of Finance, Mrs. Kemi Adeosun made this known in Abuja on Tuesday. The N1,580,270,755,084.44 total capital releases …

Read More »

Stakeholders in the financial sector have tasked the Federal Government, on the need to put in place the right policies that will drive the growth of Agriculture, which will further diversify the income earnings of the country as well as create more values for famers in the economy. The stakeholders who spoke during a Symposium organized by the Nigerian Stockbrokers …

Read More »

The Federal Government is targeting to get fresh investments from over 190 investors from 40 countries in key sectors of the economy. The Executive Secretary, Nigeria Investment Promotion Commission, Yewande Sadiku, said this on Tuesday in Abuja during the opening session of the Direct Investors Summit Nigeria. The event was attended by the ministers of Budget and National Planning, Senator …

Read More »

Federal Government on Thursday said it is aiming first to 100th position on the World Bank ranking on the ease of doing business with the launch of I Guide, which is an investment guide for domestic and foreign investors into the country. Nigeria appreciated 24 places in the recent ranking of the World Bank ease of doing business ranking presented …

Read More »

The Federal Government has said the news making the rounds that Ministers who were invited to the US-Nigeria Investment Summit in Washington, DC, on April 19, 2018 shunned the forum is untrue. Speaking through a statement from London on Monday, the Minister of Information and Culture, Alhaji Lai Mohammed, added that most of the Ministers “slated to attend the event …

Read More »

The Federation Account Allocation Committee on Thursday approved the sum of N635.55 billion to be shared to the three tires of government from the Federation Account as statutory allocation for the month of January. The figure was announced by the Accountant-General of the Federation, Idris Ahmed, shortly after the FAAC meeting, which was held at the headquarters of the Ministry …

Read More »

The Federal Government has earmarked N66bn to further boost its four social welfare programmes namely Home Grown School Feeding, N-Power, Conditional Cash Transfer and Government Enterprise and Empowerment Programme. The Special Adviser to the President on National Social Investment, Mrs. Maryam Uwais, gave this hint on Monday during the commencement of a retreat at Tinapa Business and Resort Centre in …

Read More »

-Needs N9.1trn to end Poverty  Tayo Olanipekun Nigerian crude oil production in 2012 recorded the monetary value higher than the amount it presently requires to end poverty at national level as revenues were buoyed by high exchange rate and international prices that year, reports have shown. Africa’s largest economy produced 32.70bn barrels of crude oil valued at N118.49trn between 1961 …

Read More »

The Federal Government has revealed plans to adopt a new approach to recover stolen funds stashed abroad. Minister of Foreign Affairs, Geoffrey Onyeama, who briefed State House Correspondents at the end of the Federal Executive Council (FEC) meeting, yesterday, said the approach was to negotiate directly with the Ministry or Department of Justice of the United States of America or …

Read More »