Osinbajo explains the State against Sowore

Nigeria’s Vice President, Yemi Osinbajo, has subtly condemned the SSS invasion of a court and re-arrest of Omoyele Sowore, by declining to receive an anti-corruption award days after the incident. Mr Osinbajo, a law professor and Senior Advocate of Nigeria, has been criticised by many Nigerians for not commenting publicly on the Friday invasion of[...]

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FG makes concrete plans to dissuade Oil Sector Fraud and Tax Evasion

The federal government has said disclosing the real owners of oil gas, and mining assets in the country through the Beneficial Ownership register will help it to deal with cases of corruption, illicit financial flows and tax avoidance in the sector. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed disclosed this in[...]

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VAT Revenue decreases, shocking reason why

The National Bureau Statistics (NBS) said the federal government generated N275.12 billion Value Added Tax (VAT) in the third quarter of the year (Q3’19). This represents a 12 percent quarter-on-quarter decline when compared to N311.94 billion generated in Q2’19. The Bureau disclosed this in its latest Sectoral Distribution of VAT report. According to NBS, Professional[...]

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National Assembly to provide approval for Buhari’s External Borrowing

President Muhammadu Buhari on Thursday sought the re- consideration and approval of the National Assembly on the 2016-2018 External Borrowing Plan of the Federal Government. Buhari’s request is contained in a letter address to President of Senate Ahmad Lawan and read at the plenary on Thursday. Request for the National Assembly to re-consider and approve[...]

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Finance Minister admits Real Cause of Inflation

MINISTER of Finance, Budget and National Planning, Mrs. Zainab Ahmed Wednesday said that closure of the nation’s borders contributed to the rising inflation in the country. The Minister however assured that the closure is temporary as government expects the neighbouring countries to respect the ECOWAS protocols to enable the reopening of the borders. The nation’s[...]

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“Leverage Technology to Rebrand the Nation’s Economy”- Expert

Experts have stressed the need to leverage on the ongoing digital revelation to aid efforts to rebrand the nation’s economy. They opined that the adoption of good content, adequate data capturing, connectivity, electronic governance among other things using technology can aid efforts to positively project the nation’s economy. The experts spoke at the Annual Lecture[...]

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Federal Government breaks Fiscal Rules, Refuses to present audit Report

The Federal Government, National Assembly and Office of the Auditor-General for the Federation’s acclaimed pursuit of transparency and fiscal discipline is being threatened. The threat is coming from the non-presentation of the 2017 audit report on the accounts of the federation, nearly two years after the end of the fiscal calendar. The 2016 report came[...]

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Nigerians Begrudge Hate Speech and Social Media Bill, go out and Protest in Abuja

The Senate yesterday said it would not force the controversial hate speech and anti-social media bills on Nigerians.The upper chamber gave the promise as scores of protesters yesterday stormed the National Assembly demanding the immediate withdrawal of the bills aimed at regulating the social media and prescribing capital punishment for hate speech offenders. One of[...]

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Agricultural Output Projections to reach N38trillion by 2036

The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NISRAL), has said by increasing hectarage and yield using fertilizers, seeds, adopting good cultural practices, the nation’s agricultural sector output is expected to hit N38.4 trillion by 2036. According to the Managing Director and Chief Executive Officer, NISRAL Plc, Aliyu Abdulhameed, opportunities in the agricultural space[...]

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Is the Border Closure a Plus or Minus?

The Central Bank of Nigeria (CBN) has stated that the rise in inflation will drop in another three to four months. CBN Governor, Godwin Emefiele, told Channels Television on Tuesday that the effect of border closure cannot be ruled out. The latest report by the National Bureau of Statistics (NBS), showed inflation figures at a[...]

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Inflation reaches highest level in eleven months, Here’s Why

The consumer price index, which measures inflation, rose to 11.61% in October, data released by the National Bureau of Statistics (NBS) has shown. This is an increase of 0.36 percentage points compared to 11.24% recorded in September. This was the exact inflation rate recorded in May 2018 when the country was recovering from the recession[...]

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Fiscal Crisis Persists as Federal Government and States record revenue Shortfall

The Federal Government and the state of the federation missed their respective revenue targets gain for the month of October, widening the 2019 budget deficits. At N894.09 billion, the estimated federally-collected revenue (gross) in October 2019, fell below both the monthly budget estimate of N1.246 trillion. The shortfall represents 28.2 percent of the monthly budget[...]

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Fashola denies responsibility for some Nigerian Roads

Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in the country. Addressing journalists on Wednesday at the end of the federal executive council meeting in Abuja, the minister said the federal government is only responsible for major arterial roads. Babatunde[...]

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APC commands Oshiomole to Resign immediately, here’s why

The Progressives Governors Forum has asked the All Progressives Congress (APC) chairman Adams Oshiomhole to convene a National Executive Council (NEC) meeting to address the party’s challenges or resign his position. “It is either Comrade Oshiomhole respect the provision of the party constitution and convene superior organ meeting to deliberate on all our challenges, or[...]

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Yemi Osinbajo the backbone of Also Rock

Anyone who has access to a political barometer will see clearly that Aso Rock is quaking at the moment. The dusts the quake is provoking is so huge that it can block nasal passages. You only need to make use of the barometer and become Johnny Nash instantly. Nash? John Lester “Johnny” Nash, Jr. was[...]

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Nigerians will enjoy Christmas Rice this year as well- NFSC

The National Food Security Council (NFSC), chaired by President Muhammadu Buhari, will make rice available before the Christmas festivity. The Deputy Chairman of the Council, Gov. Atiku Bagudu of Kebbi, stated this in an interview with News Agency of Nigeria (NAN) in Makkah, Saudi Arabia. He stated that the Council was aware of the current[...]

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Federal Government orders Termination of Cash Payments

The federal government has ordered immediate termination of cash payments in all Nigeria Postal Services (NIPOST) offices. Isa Pantami (pictured), minister of communications and digital economy, announced this in a statement issued by Uwa Suleiman, his spokesman on Thursday in Abuja. The statement quoted the minister as saying that some members of staff of NIPOST[...]

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