Friday, November 16, 2018

Tag "Federal Government"

    INTERVIEW: Many civil servants have been sacked for blowing the whistle, says Chido Onumah

INTERVIEW: Many civil servants have been sacked for blowing the whistle, says Chido Onumah

Chido Onumah, journalist and coordinator, African Centre for Media and Information Literacy (AFRICMIL), launched ‘Corruption Anonymous’ (CORA) in February. According to him, the project is aimed at creating confidence in the federal government’s whistleblower policy.In this interview with TheCable, he gives insights into the “missing links” in the policy; steps the government needs to take in order to prevent the [...]

0 comment Read Full Article
    35 states get N28bn loan to pay salaries — minus Lagos

35 states get N28bn loan to pay salaries — minus Lagos

The federal government has given approval for the release of N28 billion as budget loan for 35 states, excluding Lagos which does not need it.Udoma Udoma, minister of budget and national planning made this known to reporters at the end of the national economic council (NEC) meeting chaired by Vice-President Yemi Osinbajo.According to him, each state will receive N800 million to [...]

0 comment Read Full Article
    INFOGRAPHIC: What each ministry got in the 2018 budget

INFOGRAPHIC: What each ministry got in the 2018 budget

The federal government submitted a proposed expenditure budget of N8.612 trillion for 2018 to a joint assembly of the national assembly on November 7.According to President Muhammadu Buhari, the budget is supposed to consolidate the efforts already made with the 2017 budget in developing infrastructure and maintaining economic growth.A breakdown of the 1,918-paged document shows that the ministry of finance [...]

0 comment Read Full Article
    We can’t disclose how states spent N388.3bn Paris club refund, says FG

We can’t disclose how states spent N388.3bn Paris club refund, says FG

Ahmed Idris, accountant general of the federation, says N388.304 billion spending of London Paris club loan refunds by 35 states “is protected by professional privilege, and therefore confidential.”Idris said this in response to a suit filed by Socio-Economic Rights and Accountability Project (SERAP).The federal government released N388.304 billion of the N522.74 billion to 35 states as refunds of over-deductions on London-Paris [...]

0 comment Read Full Article
    FG raises N6.7bn from savings bond in eight months

FG raises N6.7bn from savings bond in eight months

The federal government has raised N6.7 billion through the auction of savings bonds in the last eight months, the Debt Management Office (DMO) has said.An analysis of data from the DMO showed that the savings bond was highly subscribed in the first few months.At its debut offer in March, the debt office raised N2.068 billion from the 13.01 percent two-year [...]

0 comment Read Full Article
    EXTRA: Looters list should include players of Umbrella Utd and Broomers FC, says Shehu Sani

EXTRA: Looters list should include players of Umbrella Utd and Broomers FC, says Shehu Sani

Shehu Sani, senator representing Kaduna central, says the federal government must be impartial when publishing the list of alleged looters.Adetokunbo Mumuni, executive secretary, Socio-Economic Rights and Accountability Project (SERAP), had quoted Abubakar Malami, attorney-general of the federation, as saying President Muhammadu Buhari had directed all relevant agencies to compile documents on names of all “looters”.The directive is to enforce the [...]

0 comment Read Full Article
    How FG plans to fund N3.52trn deficit in 2018 budget

How FG plans to fund N3.52trn deficit in 2018 budget

The federal government plans to finance the N3.52 trillion deficit in the 2018 budget with revenue from crude oil sales and non-oil sources.According to the medium term expenditure framework (MTEF) and fiscal strategy paper (FSP), 43.2 percent of funds are projected to come from oil revenue, while 56.8 percent is to be earned from non-oil sources.Data from the MTEF and [...]

0 comment Read Full Article
    Doctors continue strike despite marathon meeting with FG

Doctors continue strike despite marathon meeting with FG

The National Association of Resident Doctors (NARD) has refused to call off its strike despite meeting with the federal government over its action.On Wednesday, a federal government delegation led by Isaac Adewole, minister of health, and Chris Ngige, minister of labour and employment, met with the leadership of NARD to resolve the problem. The meeting spilled into Thursday.In a statement [...]

0 comment Read Full Article
    We have a non-performing government, says Olisa Agbakoba

We have a non-performing government, says Olisa Agbakoba

Olisa Agbakoba, a former president of the Nigerian Bar Association (NBA), has said "the non-performing government we have" in the country cannot attract foreign direct investment.Speaking on Monday at the ongoing annual general conference of the NBA in Lagos, he blamed inept leadership for country's underdevelopment.He described the country's poor leaders as the "central challenge" facing Nigeria.The senior advocate of Nigeria (SAN) said [...]

0 comment Read Full Article
    FG hands over presidential lodge to Lagos

FG hands over presidential lodge to Lagos

The federal government has handed over the presidential lodge in Marina to the Lagos state government.President Muhammadu Buhari had promised to entrust the edifice to the Lagos government in the bid to boost tourism development.Speaking after a memorandum of understanding was signed between the federal and state government on Thursday, Tunji Bello, secretary to the state government, said the successful [...]

0 comment Read Full Article
    No form of ransom paid for release of 82 Chibok girls, says Lai

No form of ransom paid for release of 82 Chibok girls, says Lai

Lai Mohammed, the minister of information and culture, has said that the federal government did not pay €2m ransom to secure the release of 82 Chibok girls.A BBC report had recently quoted a source as saying that €2m was paid to the Boko Haram insurgent group during the course of negotiation."Paying a ransom as well as swapping prisoners was a [...]

0 comment Read Full Article
    Labour, minimum wage and the economy

Labour, minimum wage and the economy

BY LANRE ASIWAJU The oil boom of the 1970s had profound effects on the Nigerian economy; government embarked on white elephant projects, the size of government expanded rapidly with the attendant increase in corruption, rising wage and appreciating naira made non-oil exports uncompetitive and most importantly, government’s revenue base shifted from non-oil—mainly agriculture—to oil.The dependence on volatile oil revenue for [...]

0 comment Read Full Article
    Fayose threatens to sue FG over Eurobond, likens APC to biblical prodigal son

Fayose threatens to sue FG over Eurobond, likens APC to biblical prodigal son

Ayodele Fayose, governor of Ekiti state, has compared the All Progressives Congress (APC) to the "biblical prodigal son".Expressing concerns over the plan of the current administration to lend $1bn Eurobond, Fayose threatened to sue the federal government over the issue.He said he was worried that the deal could plunge the country into more economic crisis.On Thursday, the government issued $1 billion [...]

1 comment Read Full Article
    Akande: FG started paying N5,000 to vulnerable Nigerians last week

Akande: FG started paying N5,000 to vulnerable Nigerians last week

Laolu Akande, spokesman of Vice President Yemi Osinbajo, says the federal government has started paying a stipend of N5,000 monthly to the poorest and the most vulnerable Nigerians in the country.In a statement on Monday, Akande explained that the payment was done through the Conditional Cash Transfer (CCT) of its Social Investment Programmes (SIP)."Under the CCT, one million Nigerians would receive [...]

0 comment Read Full Article
    There’s a solution to underage voting — Buhari thinks it’s the national ID

There’s a solution to underage voting — Buhari thinks it’s the national ID

The federal government has tasked the National Identity Management Commission (NIMC) ‎to ensure that the national identification number is used to authenticate eligible voters in future.Vice President Yemi Osinbajo gave the charge while speaking at a policy round-table meeting on Identity Management organised by NIMC in collaboration with the World Bank at the state house conference‎ centre.The accusation of underage voting, [...]

0 comment Read Full Article
Advertisement
Advertisement

 

Advertisement

Advertisement

Exchange Rates

November 13, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement