National Planning
Nigerian government posts 35 firefighters to man new Treasury House substation
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Wednesday commissioned a fire substation built for the Treasury House which houses the Office of the Accountant-General of the Federation. Speaking at the event, the Minister extolled the Accountant-General of the Federation, Mr Idris Ahmed, for building the facility which will help battle fire incidents in the building and its environs. She was also pleased that 35 firemen have been posted to man the facility by the Comptroller-General of the Fire Service. According to her, “the Treasury House is the key driver of the ongoing Public Financial Management Reforms in line with the desire of the Federal Government to bring the nation up to speed with other leading world economies. “In carrying out this enormous task, ...
AKK gas pipeline at 15 percent completion – NNPC chief
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, says the construction of Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project is currently at 15 per cent completion. Kyari disclosed this at the inspection of the second leg of the project at Karogo community in Igabi Local Government Area, Kaduna State, on Tuesday. “The project is currently at about 15 per cent completion but what is important for us to know is that we are crossing the river Niger, what we call the Ndoni-Aboh river crossing in Rivers and Delta states that will deliver gas from the eastern part to the country into the western corridor. “That means expanding gas supply into the help line and also making gas ready. We are happy that this project is going on and we will deliver it...
Nigerian governors to meet with President Buhari to address security challenges
Governors of the thirty six states under the aegis of the Nigeria Governors Forum, NGF have resolved to meet with President Muhammadu Buhari to address the security challenges with continued cases of armed banditry, terrorism and kidnapping across the country. The governors are meeting with President Buhari especially to discuss last week’s gruesome beheading of about 43 Farmers in Zarbamari near Maiduguri, Borno State by Boko Haram Insurgents while they were working in their farmland without any form of resistance. The decision was part of the resolutions reached at the end of the 22nd NGF teleconference meeting. In a Communique signed by the NGF Chairman and Ekiti State governor, Dr. Kayode Fayemi, said, ” Members of the forum resolved to meet with Mr. President as soon as possible to ad...
Naira weakens to lowest in three years
The Naira yesterday weakened to the lowest in over three years in the parallel market due to increased demand for dollars amid foreign-currency shortages. The local currency depreciated to N495 to a dollar yesterday, lowest since February 23, 2017, widening the gap with the official rate of N379.5 to over 30 per cent. The currency traded in the interbank market at 389.74 as of 4:54p.m. in Lagos. Agency reports quoted traders as alleging a groundswell of diversion of dollars, a development which heightened scarcity of the green back in the parallel market this week. There is a diversion of inflows away from official channels to the parallel market due to the gap in rates, Murega Mungai, trading desk manager for Aza Finance said in a note Thursday. The market spread has created arbitrage opp...
Nigerian government assures on completion of Abuja-Zaria-Kano dual carriageway
Minister of Works and Housing, Mr Babatunde Fashola SAN has reiterated the commitment of the Federal Government to completing the on going reconstruction of the Abuja-Kaduna-Zaria-Kano dual carriageway. The post Nigerian government assures on completion of Abuja-Zaria-Kano dual carriageway appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Nigeria debts will hit N38.68 trillion in 2021 – minister
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the total public debts of Nigeria would hit N38trn by December 2021. The Minister stated this on Tuesday, in her presentation to the Senate Committee on Local and Foreign Debts. The Minister said, ”The total public debt stock comprising the External and Homes debts of the Federal and state governments and the Federal Capital Territory stood at N31.01trn (USD85.90 billion) as at June 30, 2020. “It is projected, based on existing approval, to rise to N32.51 trillion by December 31, 2020 and N38.68 trillion by December 31,2021.” She attributed reasons for numerous abandoned road projects across the country to poor funds releases occasioned by dwindling revenue. She explained that the current Sukuk fund is N162bn for...
President Buhari presides over virtual FEC meeting
Expectedly, President Muhammadu Buhari Wednesday presided over his 10th virtual Federal Executive Council (FEC) which also had in attendance his Vice, Professor Yemi Osinbajo, and eight ministers physically present. The meeting holding at the Council Chamber, Presidential Villa, Abuja, is also being attended by the Secretary to the Government of the Federation (SGF), Boss Mustapha, Chief of Staff to the President, Professor Ibrahim Gambari, and the National Security Adviser (NSA), Major General Babagana Monguno (retd). The ministers who are present are the Attorney-General of the Federation (AGF) and Minister for Justice, Abubakar Malami, Informatoon and Culture, Lai Mohammed, Finance, Budget and National Planning, Mrs. Zainab Ahmed, Aviation, Senator Hadi Sirika, Interior, Rauf Aregbesola...
Aviation, education ministries, others make presentations at FEC meeting
President Muhammadu Buhari is currently presiding over the seventh virtual meeting of the Federal Executive Council (FEC) at the Council Chamber of the Presidential Villa, Abuja. Newsmen report that the Federal Ministries of Aviation; Niger Delta; Education as well as Works and Housing are expected to make presentations at the meeting. Those at the meeting include Vice-President, Prof. Yemi Osinbajo, Secretary to the Government of the Federation, Boss Mustapha; Chief of Staff to the President, Prof. Ibrahim Gambari and the National Security Adviser (NSA) to the President, retired Maj.-Gen. Babagana Monguno. Newsmen observed that 11 cabinet ministers joined the president at the Council Chamber for the virtual meeting while other ministers are participating directly from their respective off...
Senator Lawan: Why privatisation of power sector must be reviewed now
President of the Senate, Ahmad Lawan, has called for the immediate review of the privatization exercise of the power sector by previous administrations. Lawan gave the charge in his concluding remarks on a motion considered on the floor during plenary on Tuesday. The motion titled: “Power Sector Recovery Plan and the Impact of COVID-19 Pandemic” was sponsored by Senator Gabriel Suswam (PDP – Benue North East). The Senate President, who bemoaned what he described as the “inefficiency of Power Generating and Distribution companies” in the country, called for a review or eventual reversal of the terms of privatization. According to Lawan, parties involved in the shared purchase agreement with the federal government can only seek the intervention of the latter when sufficiently justified. “The...
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