You Can’t Ban Open Grazing, Miyetti Allah Challenges Governors
The Miyetti Allah Kautal Hore, a factional umbrella body for herdsmen in the country, has said it is opposed to the ban imposed on open grazing of cattle by South-West governors. It said the enforcement of the ban was tantamount to an eviction notice. This is however against the position of the Miyetti Allah Cattle Breeders Association of Nigeria, which...
Nigeria Makes World Bank List Of 10 Countries With High Debt Risk
The World Bank has stated that Nigeria is among a list of top 10 countries with high debt risk exposure. It stated this in the financial statement for International Development Association, which was among the World Bank FY21 audited financial statements released on Monday. The financial statement said, “IDA faces two types of credit risk: country credit risk and counterparty credit...
We’re Working Hard To Ensure Free Fall Of Naira Stops, Emefiele Vows
With an escalating demand for foreign exchange for both goods and services by Nigerians, the Central Bank of Nigeria (CBN) has assured that it would continue to make deliberate efforts in the foreign exchange sector to avert further downward slide in...
National Economic Council Suspends Fuel Subsidy Removal
The National Economic Council, NEC, has suspended the planned removal of subsidy on petroleum products by the end of President Muhammadu Buhari’s administration. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed disclosed this while briefing State House correspondents at the end of the NEC meeting presided over by Vice President Yemi Osinbajo at the Presidential Villa, Abuja. She...
We’ve Returned Ibori’s Looted £4.2m To Delta State Govt, Says Accountant-General
The Accountant General of the Federation, Ahmed Idris on Tuesday said the £4.2m looted by ex-Delta State Governor, James Ibori, has been returned to the state. The Attorney-General of the Federation, Abubakar Malami had on March 9 said the loot would be used for the construction of the second Niger Bridge, Abuja-Kano road, and Lagos-Ibadan Express road and not returned...
FG Seeks Fresh $1.2 Billion Loan From Brazil
The Federal Government is seeking a $ 1 .2 bn external borrowing from Brazil to finance agricultural programmes in the 2021 budget. A request for approval has also been transmitted to the National Assembly. The Minister of Finance, Budget and National Planning, Zainab Ahmed, who appeared before the House of Representatives Committee on Finance in Abuja on Tuesday to defend...
Ministry Of Mines Seeks Partnership With SEC On Exploration Of Mineral Resources
As part of efforts to develop and grow the sector and use it as an alternative source of revenue generation for the country, the Ministry of Mines and Steel Development is collaborating with the Security and Exchange Commission (SEC) for funds mobilization to boost exploration in the sector. Minister of State Mines and Steel Development Dr. Uchechukwu Sampson Ogah made...
Ikpeazu Delivers Abia 2021 Proposed Budget Of 131 Billion Naira
Governor Okezie Ikpeazu has just delivered the 2021 Appropriation Bill to the State House of Assembly. The 2021 Appropriation Bill is a total of One Hundred and Thirty-One Billion, Eight Hundred and Fifteen Million, Seven Hundred and Fifty-Three Thousand, Seven Hundred and Twenty Naira only (=N=131,815,753,720.00). Recurrent Expenditure is Sixty Two Billion, Six Hundred and Twenty Four Million, Five Hundred and...
Tinubu To Present N26.1 Trillion 2024 Budget To National Assembly November
President Bola Tinubu will present the proposed N26.1trillion 2024 budget estimates to joint session of the National Assembly early next month, the Senate revealed on Wednesday. Ahead of the presentation, the Senate through its committee on Appropriations , has summoned the Ministers of Finance , Wale Edun and his counterpart on Budget and Economic Planning , Senator Atiku Bagudu ,...
Nigeria’s Survival Lies With Non-Oil Sector – Says NEPC
The Nigeria Export Promotion Council says the nation’s economic survival lies with non-oil products. NEPC Trade Promotion Advisor, Bello Noma, stated this when he led his colleagues on a sensitisation visit to the News Agency of Nigeria in Jos on Monday. Noma said that the oil, “which is the nation’s main export would one day dry up leaving the country with...
