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 […]

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 […]

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 […]

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 […]

Commodities market to be used to diversify economy — Osinbajo The Minister of Finance, Mrs. Zainab Ahmed, Monday, disclosed that the Federal Government has suspended its $22.7 billion external borrowing plans due to current realities in the global economic landscape. Speaking in Abuja, at the 2020 International Conference on the Nigerian Commodities Market, organized by […]

In it’s move to reduce the level of interference by State Government’s on the Local Government’s financial dealings, in Nigeria, 1st June 2019, has been slated by the Federal Government for the commencement of direct payment of Financial allocations from the Federal to the 174 Local government LGAs across the Nation. The reports according to […]

STRONG indications emerged that the Federal Government may have reduced the pump price of Premium Motor Spirit, PMS, from N145 per liter to about N130. It was learned that the Federal Government may have approved the new price after a presentation by Minister of State for Petroleum Resources, Timipre to the ongoing meeting of the […]

The Federal Government has considered scrapping seven major government agencies, following President Muhammadu Buhari’s decision to consider the recommendations of Stephen Oransaye-led report on “Restructuring and Rationalisation of the Federal Government’s Parastatals, Commissions and Agencies”. These agencies are: Fiscal Responsibility Commission, National Poverty Eradication Programme, Utilities Charges Commission , National Economic Intelligence Committee, Nigerian […]