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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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Peoples Democratic Party, Osun State chapter, on Sunday berated the state government and the ruling All Progressives Congress over planned 10-day official trip by chairmen of 68 local government areas and local council development authorities in the state to the United Arab Emirates.
Leader of Afenifere (Egbe Ilosiwaju Yoruba) Senator Ayo Fasanmi has hailed Southwest governors for their efforts to fight banditry and curb insecurity in the region.
Super Eagles coach, Gernot Rohr, has admitted that it was a tough call excluding Kelechi Iheanacho and Semi Ajayi from his final 23-man squad for the 2019 Africa Cup of Nations in Egypt.
Two pupils abducted from their school in Obosi in the Idemili North Local Government Area of Anambra State, were on Sunday, found in a hotel in Onitsha.
Brazil romped to a 7-0 victory over 10-man Honduras in their final friendly before hosting the Copa America, but lost Arthur to injury.
The Nigerian Prisons Service (NPS) says 21 prison inmates of Medium Security Prison Oko, in Edo, have performed in a Bi-Annual Drama and Music Concert show hosted by the prison.
The Lagos state Ministry of Education has announced a shift in the dates for the screening test into the State Model Colleges and Upgraded Schools, the Basic Education Certificate Examination (BECE) and the Placement Test into JSS 1 in all public secondary schools.
Portugal will be without veteran centre-back Pepe as they aim to lift the first ever Nations League title on home soil on Sunday.
Kwara State Governor, Abdulrahman Abdulrazaq, on Friday announced the appointments of Chief of Staff (CoS), Secretary to the State Government (SSG) and Chief Press Secretary (CPS).
Real Madrid finally announced they have signed the Belgian on Friday following a protracted transfer saga and he admits it was not easy to leave.