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Vice-President Yemi Osinbajo stated this today while performing the ground breaking of Wagon Assembly Plant at Kajola in Ifo Local Government Area of Ogun state.

VP Osinbajo presides over NEC meeting

Vice President Yemi Osinbajo on Thursday presided over the monthly National Economic Council (NEC) meeting at the Presidential Villa, Abuja.

PTAD assures pensioners no one’ll touch their funds

The Pension Transitional Arrangement Directorate (PTAD) has assured government retirees that their money was safely kept in the Central Bank of Nigeria coffers under the Treasury Single Account policy.
Co-Founder and CEO of Twitter , Jack Dorsey, has left Nigeria after four days of visit to Lagos and Abuja. Mr Dorsey aptly announced his departure on Monday, of course via Twitter.

Former minister, Twitter chief advocate use of technology to tackle unemployment

A former Minister of Finance, Dr Ngozi Okonjo-Iweala, and the co-founder/Chief Executive Officer of Twitter, Jack Dorsey, have called on Nigerian youths to leverage technology to reduce the level of unemployment in the country.
Isaiah Idako-Ako

Workers celebrate sack of tribunal chairman

Workers at the Investment and Security Tribunal, IST, on Friday gathered in their office in Abuja, the Federal Capital Territory to celebrate and thank God for the exit of former Executive Chairman of the organisation, Barrister Isaiah Ako.
Brig.-Gen. Shuaibu Ibrahim, the Director-General (DG) of National Youth Service Corps (NYSC), says the monthly allowance of corps members is tied to the national minimum wage and any hike will depend on the new wage.

NYSC awaits directives on minimum wage payment

Director-General of National Youth Service Corps (NYSC), Brig.-Gen. Shuaibu Ibrahim, has said the scheme is waiting for directives from the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on when to begin the payment of the N30,000 new minimum wage to corps members.

FEC approves N5.72 billion for NDIC projects, 12 consultancy services

The Federal Executive Council (FEC) has approved N5.72 billion for the construction of Nigeria Deposit Insurance Corporation’s (NDIC) zonal office in Bauchi and for 12 consultancy services for development of NDIC’s offices.

Minister: Arik Air not suitable for national carrier

The Federal Government on Wednesday dismissed calls that Arik Air be converted into a national carrier rather than establishing a new one.
Professor Biodun Ogunyemi

ASUU: Why we are against inclusion of lecturers in IPPIS

The Academic Staff Union of Universities (ASUU) says it strongly believes that the introduction of Integrated Payroll and Personnel System (IPPIS) into federal universities will compound the problem of regular flow of fund and personnel management.
Lanre Issa-Onilu

Failed Abuja CCTV Project: Why PDP should be rejected at all levels – APC

The All Progressives Congress has said the recent disclosures by the Minister of Finance, Zainab Ahmed, that the current administration continues to service a $460 million loan taken from China to fund a phony Abuja Closed-Circuit Television contract is a stark reminder why Nigerians must continue to reject the Peoples Democratic Party at all levels of government.
All Progressives Congress (APC) Nigeria

APC warns against releasing N7 billion VAT refund to Bayelsa government

The All Progressives Congress (APC) has cautioned the Federal Government against plans to release N7 billion in VAT refund to the Bayelsa State Government, claiming that the state will deploy the fund into buying votes for the November 16 governorship election.

Central bank, IMF disagree over impact of forex restrictions on foreign direct investment inflow

The Central Bank of Nigeria (CBN), yesterday disagreed with the position of the International Monetary Fund (IMF) on the impact of the foreign exchange (Forex) restrictions on Foreign Direct Investment (FDI) inflow into the country.
Lagos lawyer and human rights activist, Femi Falana

No need for loans if we recover $103 billion oil sale loss – Femi...

Femi Falana, a senior advocate of Nigeria (SAN), has asked the national assembly to work with anti-graft agencies for the recovery of “$103.7 billion lost on oil sale”.

World Bank to invest $510 million in Lake Chad Basin

The World Bank is willing to invest $510m, in three tranches, in the Lake Chad Basin to address insecurity, desertification and humanitarian challenges, among others.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

World Bank approves Nigeria’s request for $3 billion loan

The World Bank has finally approved Nigeria’s request for a $3bn loan for the expansion of the transmission and distribution networks in the power sector.

World Bank approves $3 billion loan for power sector

The World Bank has finally approved Nigeria’s request for a $3bn loan for the expansion of the transmission and distribution networks in the power sector.

IMF advises Nigeria on reducing vulnerabilities, boosting growth

The International Monetary Fund (IMF) has advised the federal government to take action on a coherent and coordinated set of policies to urgently reduce vulnerabilities and increase growth over the medium term.
President Muhammadu Buhari on Tuesday proposed a capital expenditure of N46 billion for the Ministry of Health in the 2020 appropriation bill he submitted to the National Assembly.

Senators: 2020 budget projections unrealistic

Some senators, yesterday, dismissed projections of President Muhammadu Buhari’s N10.33 trillion 2020 budget proposal as unrealistic.
President Buhari presents 2019 Budget to the National Assembly on 19th Dec 2018-6

President Buhari to present 2020 budget next Tuesday

President Muhammadu Buhari will present the 2020 budget by 2 p.m. on Tuesday.

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Deputy Chief Whip of the Senate, Senator Aliyu Sabi Abdullahi; Deputy Senate President, Ovie Omo-Agege; President of the Senate, Ahmad Ibrahim Lawan, and Chairman of Presidential Advisory Committee Against Corruption (PACAC), Prof. Itse Sagay, during the courtesy visit by PACAC to the Senate President at the National Assembly on Thursday, November 21, 2019.

Itse Sagay applauds Senate’s leadership for commitment to service

Chairman of Presidential Advisory Committee on Anti-Corruption (PACA), Prof. Itse Sagay, on Thursday applauded the leadership of the ninth Senate for its commitment to service of the country.
Deputy Chief Whip of the Senate, Senator Aliyu Sabi Abdullahi; Deputy Senate President, Ovie Omo-Agege; President of the Senate, Ahmad Ibrahim Lawan, and Chairman of Presidential Advisory Committee Against Corruption (PACAC), Prof. Itse Sagay, during the courtesy visit by PACAC to the Senate President at the National Assembly on Thursday, November 21, 2019.

Senator Lawan: Senate yet to receive request from President Buhari for Ibrahim Magu’s confirmation

President of the Senate, Ahmad Lawan, on Thursday said the Senate is yet to receive any formal request from President Muhammadu Buhari for confirmation of the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu.

Edo new police commissioner reads riot act to criminal elements

The new Commissioner of Police deployed to the Edo State Police Command, CP Lawal Tanko Jimeta, yesterday, said he would be firm in carrying out his duty in order to ensure the safety of lives and property of the citizens of the state.
Chidi Izuwah

Federal government approves PPP projects worth $8 billion in eight years

Mr Chidi Izuwah, the Director-General, Infrastructure Concession Regulatory Commission (ICRC) has said that the Federal Government approved Public-Private Partnership (PPP) projects worth eight billion dollars between 2010 and 2018.
Power

Federal government to review ownership of electricity distribution companies

The National Economic Council, NEC, yesterday resolved to review the status of the ownership structure of the power distribution companies in the country.