Tag Archives: FG

The Federal Government on Tuesday in Abuja launched the 2019 Humanitarian Response Plan and the 2019 – 2021 Humanitarian Response Strategy for the development of the North East Region of Nigeria. Minister of Budget and National Planning, Senator Udoma Udo Udoma, who launched the Plan, said it is a product of a collaborative effort between the Government of Nigeria and …

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Dr. Emeka Okwuosa, Managing Director Oilserv Nig Ltd has urged the Federal government to start putting measures in place to avert the projected Nigeria population explosion in 2050. Okwuosa said this in Nsukka last Thursday while delivering the 48th University of Nigeria Nsukka convocation lecture titled “Infrastructural Development: A Key to Economic Growth and Development In Nigeria”. He said that …

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The Federal Government, 36 States and FCT as well as 774 Local Governments on Thursday shared N698.7 billion for the month of September. The Minister of Finance, Mrs Zainab Ahmed, said this in Abuja, while briefing newsmen on the outcome of the Federation Account Allocation Committee (FAAC) meeting. Giving a breakdown of the revenue accrued in September to be distributed …

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Mother of Leah Sharibu,the Dapchi schoolgirl still in Boko Haram custody, has denied the reports that she is suing the Federal Government. There were reports in the local media that Rebecca Sharibu had sued the Federal Government for damages. However, according to CNN, she “strenuously denied” the claims she took such a legal action against the government. Her reaction was …

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The Federal Government is expected to take more loans if its plan to fund infrastructure is to be realized, Senior Analyst at Agusto & Co, Jimi Ogbobine has said. Speaking at a training  for financial journalists during the Finance Correspondents Association of Nigeria (FICAN) 2018 Annual Workshop held in Lagos at the weekend, he said government is expected to deploy …

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The Federal Ministry of Finance on Tuesday provided some clarifications on the Paris Club Refund approved for the 36 States of the Federation.   It will be recalled that the issue of Paris Club loan over-deduction had been a long standing dispute between the Federal Government and the State Governments which dated back to the period of 1995 to 2002. …

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The Federal, States and Local Government Areas across the country shared a total of N3.95 trillion from the Federation Account in the first half of 2018. The disbursements made at the Federation Accounts Allocation Committee (FAAC) represent an increase of 41 percent when compared to the N2.79 trillion disbursed in the first half of 2017 and a 95 percent increase …

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The Debt Management Office (DMO), on Wednesday August 29, 2018 put Nigeria’s external debt stock at $22billion. Out of the amount, the Federal Government’s quotient is $17.8 billion, while the combined debt portfolio by the states and the Federal Capital Territory (FCT) stands at $4.28 billion. Of the combined states’ figure, Lagos State, the commercial nerve-centre of Nigeria, has the …

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The Minister of State for Aviation, Senator Hadi Sirika, says the Federal Government is not paying 300 million dollars for a five per cent stake in the Nigeria Air recently unveiled in London. Sirika gave the clarification in a statement by Mr James Odaudu, Deputy Director, Media and Public Affairs, Ministry of Transportation, on Tuesday in Abuja. The minister was quoted …

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The Federal Inland Revenue Service has announced that it realized a total of N2, 529,615,174,601.25 (Two trillion, five hundred and twenty-nine billion, six hundred and fifteen million, one hundred and seventy-four thousand, six hundred and one naira, twenty-five kobo) from various taxes from January to June 2018. The amount shows that the Service had realized 75% of its total target for the year, …

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