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President Muhammadu Buhari on Monday in Abuja signed the 2019 Appropriation bill of N8.92 trillion into law.
Nigeria’s Finance Minister Zainab Ahmed has reiterated government’s resolve not to remove fuel subsidy. She made the emphasis against the backdrop of long queues emerging at some filling stations amid the fear that a removal was imminent.
President Muhammadu Buhari has directed the Ministry of Finance to sell all recovered and liability-free assets in six months.
A notice by Minister of Budget and National Planning, Senator Udoma Udo Udoma and Executive Chairman of Federal Inland Revenue Service (FIRS) Mr. Babatunde Fowler of government’s intention to raise the rate of value added tax (VAT) before the end of 2019 is presently causing ripples among various categories of Nigerians.
Udoma Udo Udoma, the minister of budget and national planning, says the federal government will sell some of its stakes in joint ventures with Shell and Chevron to improve its finances.
President of United Labour Congress (ULC), Mr. Joe Ajaero, has said any increase in Value Added Tax (VAT) to pay the N30,000 new minimum wage would not be accepted except it is discussed with stakeholders in the Labour market.
The Federal Government would send request to the National Assembly for adjustments to the 2019 budget to reflect ways of sourcing funds to pay the new national minimum wage which was approved by the Senate.
The Minister of Budget and National Planning, Senator Udoma Udo Udoma is optimistic that the Nigerian economy will continue to maintain its recovery in 2019 as the real GDP growth is expected to increase from 0.8% in 2017 to 2.1% in 2018 and 3.01% in 2019, with the sustained implementation of the ERGP.
The federal government on Tuesday gave further impetus to childhood immunisation with the signing of a $75 million financing agreement between it and the Bill & Melinda Gates Foundation.
The Federal Government has said it is fighting poverty step-by-step and ameliorating the plight of the poor and vulnerable people across the country.
Minister of Budget and National Planning, Senator Udoma Udo Udoma, has allayed the fears of Nigerians over the softening of the international oil prices, saying that the government willclosely monitor the events with a view to achieving targeted oil production.
Federal government signs $21 million deal with Japan for rehabilitation of Lagos transmission substation
The federal government has signed a grant aid project with Japan for emergency rehabilitation and reinforcement of the Lagos electricity transmission substation.
Minister of Budget and National Planning, Senator Udoma Udo Udoma, has opened up, for the first time, on the fierce battle the then agitators of resource control for the Niger Delta, fought with the then president Olusegun Obasanjo.
President Muhammadu Buhari has forwarded the 2019 to 2021 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) to the National Assembly for approval.
The federal government has expressed its determination to promote and increase indigenous participation in the shipping business in Nigeria.
Huge cost of servicing new loans amid poor revenue informed the Federal Government’s decision to dispose of 10 state-owned assets to select investors and the public between now and year end, in order to fund the 2018 fiscal plan.
A financial expert, Prof. Uche Uwaleke, on Thursday said that the Federal Government’s decision to reduce the size of the 2019 budget to N8.73 trillion would reduce inflation threat.
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Details of the incident are unclear, however, a government statement gave his name as Juergen Schedema and local media reported that he worked as a manager in a logging firm in the West African state.
Chinese authorities have urged people to stop travelling in and out of Wuhan, the city at the centre of a new virus outbreak that has killed 17 people.
Leicester City boss Brendan Rodgers has opened up on Wifred Ndidi’s ‘remarkable’ return.
The Kaduna State Traffic Law Enforcement Authority (KASTLEA) is being automated to make traffic enforcement in more efficient, a government statement said on Wednesday.
Comrade Solomon Okoduwa, Senior Special Assistant, (SSA) Edo State Governor on Anti-Human Trafficking Issues, on Wednesday cried out over what he described a series of threats to his life.
Following the return of Imo State to the All Progressives Congress, APC, a chieftain of the party and former senatorial candidate in the 2019 general elections in Imo State, Barrister Chyma Anthony, Friday, called on the Federal Government to consider making functional, the Sam Mbakwe International Airport, to boost commerce and industry in the state and the country in general.
Four of Iran’s top football clubs Monday threatened to boycott the Asian Champions League unless a reported ban on the Islamic republic hosting international matches is lifted.
A civil society organisation, the Civil Empowerment and Rule of Law Support Initiative (CERLSI), has threatened to institute legal actions against the Management of Auchi Polytechnic, Auchi if they fail to repeal the decision to revoke admission of new students of the institution.
A Non-Governmental Organisation (NGO), the Royal Ambassador Organisation of Nigeria, has declared support for the Governor Godwin Obaseki-led administration’s policies and programmes, targeted at ensuring sustainable peace across Edo.
“Europe has been very, very tough to deal with,’’ Trump told U.S. broadcaster, CNBC at the World Economic Forum summit in the Swiss town of Davos, one day after meeting European Commission President Ursula von der Leyen there.