Tag Archives: FG

The Federal Government has shifted the deadline for the exit of joint venture cash call arrangement with oil companies to the end of this year. The government failed to exit the JV cash call arrangement in January in line with the agreement it reached with the international oil companies in December last year. The nation’s oil and gas production structure …

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The Federal Government on Tuesday said that it had resolved to reduce taxes payable by telecommunications operators in order to enable them to expand their services to the hinterland. It stated this through the Minister of Communications, Mr. Adebayo Shittu, at the 2017 Information Communications Technology and Telecommunication Expo in Lagos, which was organised by the Lagos Chamber of Commerce …

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The Federal Government said on Monday it has completed plans to harmonise road signage and markings in the 36 states of the federation. The Permanent Secretary, Ministry of Power, Works and Housing, Alhaji Mohammed Bukar, disclosed this at the commencement of 23rd national council meeting on works, held in Abuja. He said through the reviewed highway design manual, states would …

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Nigeria will appreciate the assistance of the United States of America in providing technical support for the development of transportation infrastructure and its agricultural sector as the country intensifies work on its economic diversification project. The Budget and National Planning Minister, Senator Udoma Udo Udoma told the USAID/Nigeria Mission Director, Mr Stephen Haykin who was in his office in Abuja …

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Kemi Adeosun, minister of finance, says Nigeria will realise over a billion dollars from the recent executive order signed by Acting President Yemi Osinbajo. On Thursday, Osinbajo signed an executive order to give room for Nigerians to  regularise their taxes. Adeosun was speaking on the Sunrise Daily, a Channels television programme, on Monday. She said after 15 months of work, it was …

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The Federal Government says it has released the sum of N420.2 million to the Nigeria film industry popularly called Nollywood to improve and support aspiring practitioners. According to a statement issued by the Deputy Director of Information, Federal Ministry of Finance, Mrs Patricia Deworitshe, on Friday in Abuja, the money, which is the second tranche payment will benefit 105 film …

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The Federal Executive Council (FEC) meeting presided over by Acting President, Yemi Osinbajo, has approved the signing of a multilateral convention on tax related treaties that will end profit shifting and tax evasion by multinationals. This approval was part of the government’s plan to push up its tax base and improve revenue generation. Government had in 2016 said it lost about …

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The Federal Government has opened talks with the African Development Bank for financing of coal-to-power projects across the country. Punch Newspaper learnt that the funding arrangement, which the Ministry of Mines and Steel Development is midwifing, would be available to operators who were ready to set up coal power plants with capacity of at least 500 Megawatts The Special Assistant …

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If the National Roads Fund Establishment Bill 2017, proposed by the Senate gets presidential accent, the Federal Government would be generating about N73 billion yearly, Daily Sun analysis has shown. Under the bill, the Senate is proposing a levy of N5 on every litre of petrol and diesel imported or refined in the country for the same purpose. The Bill …

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The Federal Government says it has commenced payment of agro-dealers and suppliers Growth Enhancement Scheme (GES) claims for the 2014/2015 farming season. Mr Ohiare Jatto, Director, Farm Input Support Services Department, Federal Ministry of Agriculture and Rural Development, told the News Agency of Nigeria (NAN) in Abuja on Friday, that N12.5 billion was approved for the part-payment of the claims. …

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