Economy: Ikpeazu Charges Abia MDAs On Increasing IGR
Governor Okezie Ikpeazu of Abia State has directed all MDAs and LGAs in the state to comply fully with Abia State Revenue Laws and the Abia State Internal Revenue Service (ABIRS) directives in order to achieve the much needed revenue for state development. He gave this charge last week when he met with members of the State IGR Council...
Why I Seek Fresh N2.3tr Loan — Buhari
President Muhammadu Buhari, yesterday, wrote the National Assembly for approval to borrow fresh $6.183 billion (N2.343 trillion) to fund the 2021 budget deficit of N5.602 trillion. Titled “Request for the resolution of the National Assembly to the implementation of the new external borrowing of N2.343 trillion, which is about $6.183 billion in the 2021 appropriation Act” and addressed to the...
Reps Moves Legalise Use Of Indian Hemp, Cites Economic Benefits
The House Of Representatives is set to legalise the use of Indian Hemp in the country for economic benefit. Spokesperson of the House of Representatives, Hon. Benjamin Kalu said this during a press conference on the benefits and opportunities of Cannabis in Akure, Ondo state capital Kalu said that the House of Representatives has concluded an arrangement to organize a two-day...
I Can Generate Billions Of Dollars From Cattle Business – Senator Okorocha
The lawmaker representing Imo West in the National Assembly, Senator Rochas Okorocha has said that Nigeria loses billions of dollars from cattle business, urging the Federal Government to invest in the business. He stated this during an interview on Channels Television’s Sunday Politics, noting if cattle business is being tapped well, it could create one million jobs for Nigerians. “Do you...
Ban On Open Grazing: Miyetti Allah Urges Northern Governors To Revive Existing Grazing Reserves
The Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) says the North cannot afford to ignore the recent unanimous decision of southern governors to place a ban on open grazing in their states. Responding to the Tuesday Asaba Declaration of the governors, National Secretary of MACBAN, Baba Othman Ngelzarma, said northern governors should rise up to the challenge by working...
FG May Review Workers’ Salaries, Merge Agencies To Cut Cost ― Finance Minister
The Federal Government, on Tuesday, stated that it had directed the salaries committee to review payroll and also review the number of its agencies. Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this in Abuja at the ongoing National Policy Dialogue on Corruption and Cost of Governance in Nigeria, organised by the Independent Corrupt Practices and Other...
We Are NOT Broke – NNPC
The Nigerian National Petroleum Corporation, NNPC says the zero revenue projection for May pertains only to the federation revenue stream it manages and not a reflection of its overall financial performance. Kennie Obateru, the group general manager of NNPC public affairs division, disclosed this in a statement on Friday. “The shortfall will be remedied by the corporation as it relates only...
Nigeria Owes China $3.714bn ― DMO
The Debt Management Office (DMO) had put Nigeria’s total loan obligations to China at $3.714 billion by the end of 2020. According to a document obtained from the debt agency, $449.89 million has been repaid from the principal and $391.66 million, as interest, with an outstanding of $3.264 billion to the China Export/Import Bank. The Nigerian Railway Modernisation Project (Lagos –...
Nigerians Should Accept Increase In Fuel Price – Minister
The Federal Government has insisted that Nigerians should brace up for an increment in the pump price of petrol, in the light of the current economic situation in the country. The minister said, “It is very unfortunate that if (there is) an increment in fuel pump price, (it) would have an impact on the marketplace and we are not happy...
Crude Oil: Nigeria’s Exact Production Volume Not Known — NEITI Reveals
The exact volume of crude oil produced in Nigeria, especially at the deep offshore fields, is not known by anyone, the Nigeria Extractive Industries Transparency Initiative said on Thursday. Executive Secretary, NEITI, Orji Ogbonnaya-Orji, disclosed this in Abuja during a courtesy call on the Director-General of the Federal Radio Corporation of Nigeria, Mansur Liman. He told his host that the exact...
