Saturday, February 16, 2019

Tag "Federal Government"

    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 [...]

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    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 [...]

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    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 [...]

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    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 [...]

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    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 [...]

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    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, [...]

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    Dangote group pledges to help Kano, FG out of recession

Dangote group pledges to help Kano, FG out of recession

Dangote group has pledged to support the federal government and Kano state in exploring key sectors of the economy to cushion the effect of the recession among Nigerians.The group said in a statement on Monday in Abuja, that it would exploreopportunities opening up in agriculture, mining and infrastructure, through partnership with the levels of government.Halima Dangote, an executive director of [...]

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    ASUU: TSA is good but universities should be exempted from it

ASUU: TSA is good but universities should be exempted from it

The Treasury Single Account (TSA), introduced by the federal government to check corruption, is stalling research in the universities, according to the Academic Union of Universities (ASUU).Exempting the universities from the TSA is among the demands of ASUU, whose members embarked on a one-week warning strike on Wednesday.According to Biodun Ogunyemi, its national president, other demands include the payment of [...]

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    Lawyer: We’re not aware of FG’s offer to allow Dasuki attend father’s funeral

Lawyer: We’re not aware of FG’s offer to allow Dasuki attend father’s funeral

⁠⁠⁠Ahmed Raji (SAN), counsel to Sambo Dasuki, former national security adviser (NSA), says he is not aware of the offer of the government to allow his client attend his father's funeral. ‎Ibrahim Dasuki, ex-sultan of Sokoto and father of Sambo, died on Monday in Abuja, but he was buried in Sokoto on Tuesday.Dasuki, who has been in detention since December [...]

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    Recovered loot in FG’s consolidated account, says EFCC

Recovered loot in FG’s consolidated account, says EFCC

The Economic and Financial Crimes Commission (EFCC) says all looted funds recovered by it are paid into the consolidated revenue account of the federal government.The commission made this known on its Twitter handle, @officialefcc, while responding to a question from one of its followers.In a tweet to the commission through the handle @asantoo11a, the follower had asked; “When are we [...]

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    Fashola: FG patronises foreigners because Nigerian firms lack capacity

Fashola: FG patronises foreigners because Nigerian firms lack capacity

Babatunde Fashola, minister of power, works and housing, has blamed Nigerian engineers for creating the vacuum that makes the federal government patronise foreign contractors.Fashola said this when a delegation of the Nigerian Society of Engineers (NSE) led by its president, Otis Anyaeji, paid him a courtesy visit.He said the failure of Nigerian engineering firms to bid for government projects was responsible for the patronage of foreign contractors.“If [...]

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    Falana to FG: $30bn loan will jeopardise destiny of future generations

Falana to FG: $30bn loan will jeopardise destiny of future generations

Femi Falana, human rights activist and Senior Advocate of Nigeria (SAN), has called on the federal government to shelve its plan to borrow $29.960 billion to execute key projects across the country.He said the government would be putting the collective destiny of the younger generation in jeopardy should be loan be secured.President Muhammadu Buhari recently sought the approval of the [...]

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    Alhassan, minister of women affairs, slumps at IDP camp

Alhassan, minister of women affairs, slumps at IDP camp

Aisha Alhassan, minister of women affairs, slumped on Monday while speaking to women at the camp for internally displaced person in Fufore local government area of Adamawa state.According to THISDAY, Alhassan had arrived in crutches to speak with the women about the alleged sexual abuse on girls and women in camps in the north east.As she spoke, she slumped.She was given [...]

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    Nigeria’s federating units: A case for the devolution of powers

Nigeria’s federating units: A case for the devolution of powers

BY UGOCHUKWU AMASIKEOne of the tragedies of the current unitary system of governance we practice; and the consequential mono-product economy it's foisted on the Nigerian federation, is the transformation of Nigeria's federating units into dependent and mere distribution centres.Today, Nigeria has states that are incapable of meeting the most elementary requirements of a government, even the payment of salaries is a herculean task, not to [...]

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    Looming strike: 14 institutions owe staff 10 months salaries

Looming strike: 14 institutions owe staff 10 months salaries

The Academic Staff Union of Polytechnics (ASUP) has decried the non-payment of 10 months salaries in 14 institutions.Chika Ogonwa, the ASUP’s coordinator, Zone `D’, made this known in a media briefing after an emergency meeting of the union in Owerri on Wednesday.  [...]

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Exchange Rates

February 15, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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