Surplus
House minority caucus flays $1.5 billion approval for rehabilitation of Port Harcourt refinery
The Minority Caucus in the House of Representatives Tuesday described the approval of $1.5 billion for the rehabilitation of the Port Harcourt refinery as a huge scam and a ploy by unscrupulous elements to siphon public funds. The Federal Executive Council (FEC) had recently at its virtual meeting presided over by President Muhammadu Buhari approved $1.5 billion for the rehabilitation of the refinery. But, the caucus in a statement by its Leader, Hon. Ndudi Elumelu, while rejecting the amount, said the figure is outrageous and heavily inflated, demanding an immediate review of the cost. The lawmakers noted that while they are in support of any genuine effort to bridge energy deficit in Nigeria, such should not be used as a ploy by corrupt individuals to fleece the nation. The caucus called...
Minister: When Nigeria receives coronavirus vaccines doesn’t lie in our hands
Since the beginning of January 2021, Nigeria has been expecting the delivery of COVID-19 vaccines, but nothing has happened to date. The World Health Organisation, WHO and GAVI, the Vaccine Alliance, and the Coalition for Epidemic Preparedness Innovations, CEPI, came up with the COVAX initiative to ensure that low and middle-income countries have access to vaccines. But COVAX has not given a precise date for when it will begin distributing the vaccines. Nigeria has put all its hopes on the COVAX Facility. The federal government is also expecting some vaccines from the Africa Union arrangement, expected to deploy from March. This development has attracted criticisms about the government’s readiness and commitment towards ensuring the timely vaccination of Nigerians against the dreaded pande...
Minister: When Nigeria receives coronavirus vaccines doesn’t lie in our hands
Since the beginning of January 2021, Nigeria has been expecting the delivery of COVID-19 vaccines, but nothing has happened to date. The World Health Organisation, WHO and GAVI, the Vaccine Alliance, and the Coalition for Epidemic Preparedness Innovations, CEPI, came up with the COVAX initiative to ensure that low and middle-income countries have access to vaccines. But COVAX has not given a precise date for when it will begin distributing the vaccines. Nigeria has put all its hopes on the COVAX Facility. The federal government is also expecting some vaccines from the Africa Union arrangement, expected to deploy from March. This development has attracted criticisms about the government’s readiness and commitment towards ensuring the timely vaccination of Nigerians against the dreaded pande...
How ICPC is combating corruption in MDAs, stopped diversion of N189 billion personnel cost
File Photo In the past few years, the Independent Corrupt Practices and Other-Related Offences Commission, as part of its statutory mandate, has been conducting systems study and review of ministries and organisations in the federal public service. The overall objective of a system review is reform of the systems and procedures of public agencies with a view to identifying and eliminating, preventing, blocking and obstructing opportunities for corruption. To achieve this, the exercise targets detecting areas of vulnerabilities, actual weaknesses, leakages and corruption risks and to recommend ways of strengthening these systems and removing the discretionary gaps and such opportunities for both individual and institutional malfeasance on public resources. In addition, the review also targe...
How ICPC is combating corruption in MDAs, stopped diversion of N189 billion personnel cost
File Photo In the past few years, the Independent Corrupt Practices and Other-Related Offences Commission, as part of its statutory mandate, has been conducting systems study and review of ministries and organisations in the federal public service. The overall objective of a system review is reform of the systems and procedures of public agencies with a view to identifying and eliminating, preventing, blocking and obstructing opportunities for corruption. To achieve this, the exercise targets detecting areas of vulnerabilities, actual weaknesses, leakages and corruption risks and to recommend ways of strengthening these systems and removing the discretionary gaps and such opportunities for both individual and institutional malfeasance on public resources. In addition, the review also targe...
NNPC declares N13.43 billion trading surplus for November 2020
The Nigerian National Petroleum Corporation, NNPC, has declared a trading surplus of N13.43billion for November 2020, 54 per cent more than the N8.71billion recorded in October 2020. This is contained in the November 2020 edition of the NNPC Monthly Financial and Operations Report (MFOR), according to a press release by the Group General Manager, Group Public Affairs Division of the Corporation, Dr. Kennie Obateru Obateru said the trading surplus or trading deficit is derived after deduction of the expenditure profile from the revenue in the period under review. The report indicated that in November, NNPC Group’s operating revenue as compared to October 2020, decreased slightly by 0.02 per cent or N0.09billion to stand at N423.08 billion. Similarly, expenditure for the month decreased by 1...
Nigerian government signs fuel transportation, storage deal with Niger Republic
The Federal Government, yesterday, signed a Memorandum of Understanding, MoU, with the Republic of Niger for the transportation and storage of petroleum products. The post Nigerian government signs fuel transportation, storage deal with Niger Republic 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.
Umar Danbatta: NCC remits N362.34 billion to Nigerian government
Fix Africa News Magazine Executive Vice Chairman, Nigerian Communications Commission (NCC), Prof Umar Danbatta, says the commission remitted N362.34 billion into the Consolidated Revenue Fund (CRF) of the Federal Government between 2015 and now. At an interactive session with media managers and news editors at the weekend, he also noted that broadband penetration jumped from six per cent in 2015 to 43.02 per cent by the end of June 2020 leading to 199,307,796 by the end of the first half of 2020. According to him, the N362.34 billion was generated through spectrum fees and operating surplus, which has helped to boost the revenue-generation drive of the current administration. “The amount generated through that singular initiative has brought significant revenue to the government.” Dambatta...
