Friday Bako

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FG Increases VAT Rate From 5% To 7.2%

Friday Bako September 11, 2019

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At the first meeting the newly constituted Federal Executive Council , an increase in Value Added Tax rate from 5% to 7.2% was approved. Zainab Ahmed, minister of finance, budget and national planning, disclosed this to state house correspondents at the end of the cabinet meeting on Wednesday. However, this is subject to an […]

FG is Taxing Poverty in a Depressed Economy – Nde Isaac Wadak

Friday Bako November 7, 2019

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Full version of an exclusive interview with the Chairman, CITN Jos District & Society, Isaac Wadak By Joseph Adudu Isaac Wadak, a retired Permanent Secretary, a Politician and tax consultant is currently the Chairman of the Chartered Institute of Taxation of Nigeria , Jos District and Society. In this exclusive interview with African Drum, he […]

FG Lists States That Will Partake In Disbursement Of $322m Abacha Loot In July

Friday Bako June 29, 2018

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The Federal Government says it will commence disbursement of the recovered 322 million dollars Abacha loot through Conditional Cash Transfers to 302,000 poor households in 19 states in July. Tukur Rumar, of the National Cash Transfer Office , disclosed this at a roundtable on assets recovery organised by the Swiss Embassy on Thursday, in […]

FG Mops Up “COVID-19 Response Package” Disbursement to Vulnerable Women in Plateau State

Friday Bako May 31, 2021

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In order to cushion the adverse economic impact of the COVID-19 pandemic on the citizens especially the less privileged, the Federal Government is mopping up the disbursement of N20,000 each to 2,100 targeted beneficiaries in Plateau State. The Target beneficiaries who are mostly vulnerable Women were seen being captured and the cash disbursed to them […]

FG Orders Network Providers To Reduce Cost of Phone Calls, Data

Friday Bako June 2, 2020

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Telecommunications companies operating in Nigeria have been told to reduce the cost of phone calls and internet data by the federal government. The government also urged the Mobile Network Operators to submit a list of all their critical infrastructures across the country and their locations in order to ensure they are protected from vandalisation and […]

FG Plans 30yr Economic Development Plan

Friday Bako September 16, 2019

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The Federal Government says it is fine-tuning arrangements to embark on the development of 30 year economic development plan. Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, dropped the hint in Abuja on Monday at the media briefing in preparation for the 25th Nigerian Economic Summit . The minister said the plan became […]

FG Queries Perm. Sec for Buying Uncompleted Building for N7bn

Friday Bako May 18, 2020

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By WazobiaReporters The Federal Government has queried the Permanent Secretary, Ministry of Science and Technology, Dr Mohammed Bello, for allegedly buying what it described as “uncompleted carcass” building for the Ministry of Agriculture and Rural Development in the sum of N7bn. Bello was said to have superintended over the transaction for the purchase when he […]

FG Reduces Petrol Price to N123.5 per Litre ‌

Friday Bako April 1, 2020

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The Federal Government on Tuesday night reduced the price of petrol from N125/litre to N123.5/litre. Current petrol price indicates a reduction of N1.5 on every litre of petrol purchased nationwide. It announced the reduction through the Petroleum Products Pricing Regulatory Agency, after a whole day meeting with stakeholders in the oil and gas sector in […]

FG Releases N4.5bn Allowances for Striking Doctors

Friday Bako June 19, 2020

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The Minister of Labour and Employment, Chris Ngige, on Friday, disclosed that the Federal Government has released N4.5bn to 31 federal teaching hospitals and medical centres nationwide. He said the sum covered hazard and inducement allowances of striking doctors for April and May. Ngige disclosed this to State House correspondents shortly after he, the Minister […]

FG Sacks 2,525 N-Power Beneficiaries for Absconding from PPA

Friday Bako July 26, 2019

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The Nigerian government has sacked 2,525 beneficiaries of its N-Power programme for absconding from their primary places of assignment across the country. The Communications Manager of the National Social Investment, Justice Bibiye, in a statement he signed on Wednesday, said the decision followed “reports that some beneficiaries stayed away for long periods of time […]

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