FG urges African leaders to focus on rural tourism post COVID-19

Mohammed said Nigeria has put measures in place to aid the recovery of the travel and tourism as well as all the creative industry. The Federal Government has urged African leaders to focus on rural and intra-African tourism in speeding up the recovery process in the creative industry post Coronavirus (COVID-19) pandemic.The Minister of Information[...]

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We are expecting Buhari’s decision on IPPIS –Ogunyemi

The Academic Staff Union of Universities has said it was expecting the decision of the President, Major General Muhammadu Buhari (retd.), on the Integrated Personnel Payroll and Information System and other issues discussed with him last Thursday. Besides IPPIS, the union said it discussed the 2019 FG-ASUU Memorandum of Action and the implication of its[...]

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Buhari promises to Strengthen Electoral System for 2023 Presidential Candidate

President Muhammadu Buhari has reiterated his intention not to contest the 2023 presidential elections but determined to help strengthen the electoral process both in Nigeria and across Economic Community of West African States (ECOWAS). News Agency of Nigeria (NAN) reports that several ECOWAS members will be going to the polls in 2020. Buhari made his[...]

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Did America get involved for Sowore Release?

We write to you regarding Mr. Omoyele Sowore, a New Jersey resident, who was arrested on August 3rd and charged with treason, money laundering and cyber-stalking associated with his call for demonstrations. We are deeply concerned that established legal procedure and the rule of law are not being followed in his case. We understand that[...]

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Buhari not hundred percent sure of 2020 Budget

The Presidency said on Sunday that the President, Major General Muhammadu Buhari (retd.), was backed by law to return any portion of the 2020 budget that required reworking to the National Assembly. It noted that the budget was “good enough”, having come from a collaborative effort by the Executive and the National Assembly, but added[...]

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Federal Government solicits partners for Data Collection

The federal government has stressed the need for stakeholders’ collaboration to improve data collection in the country. Addressing a two-day 2019 ICT Data stakeholders’ workshop with the theme: “Building the Digital Economy through ICT Data Resources,” the Permanent Secretary, Ministry of Communications and Digital Economy, Mr. Musa Istifanus said Nigeria needs to embrace and harness[...]

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A Seven Day Notice as been Issued to all Tax Defaulters by FIRS!

The Federal Inland Revenue Service (FIRS) has served a seven-day notice to tax defaulters across the country. The Head, Communications and Servicom Department, Mr Wahab Gbadamosi, made this known in a statement in Abuja on Tuesday. Gbadamosi said the Acting Executive Chairman of FIRS, Mr Abiodun Aina, announced this in a notification letter to taxpayers[...]

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Subsidy in 2020 is over N400 billion of the Budget

Though the nation’s subsidy on petrol may be around N417 billion in 2020, according to current data obtained yesterday from the Petroleum Products Pricing Regulatory Agency (PPPRA), about N450 billion was voted in the 2020 budget by the Federal Government. Coming at a time when the government said since it closed the borders, partly to[...]

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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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