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FEDERAL GOVERNMENT TO REVIEW THE NATION’S INVESTMENT POLICY TO PROMOTE INVESTMENTS THAT ALIGN WITH THE COUNTRY’S ECONOMIC DEVELOPMENT OBJECTIVES.

  President Muhammad Buhari, has assured that Federal Government is reviewing the nation’s investment policy to promote investments that align with the country’s economic development objectives. The president stated this at the opening ceremony of the Lagos International Trade Fair, organised by the Lagos Chamber of Commerce and Industry. President …

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FG TO ACQUIRE $750M WORLD BANK TO SUPPORT ECONOMY AND VULNERABLE HOUSEHOLDS

The Federal Government is in the process of accessing a $750m World Bank loan for states. The Minister of Finance, Budget, and National Planning, Mrs. Zainab Ahmed, disclosed this in Abuja yesterday at the inauguration of the Federal Steering Committees of the Nigeria COVID-19 Action Recovery and Economic Stimulus, also …

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FEDERAL GOVERNMENT CHANGES MICRO, SMALL AND MEDIUM ENTERPRISES SURVIVAL FUND’S STIMULUS SCHEME WEBSITE

Federal Government says it will make changes to the Minister of State for Industry, Trade and Investment and Chairperson of the Steering Committee of National MSMEs Survival Fund Amb. Mariam Katagum, disclosed that the site will be migrating to www.survivalfund.gov.ng with effect from today. The survival fund is a conditional …

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MONEY APPROPRIATED FOR 2021 BUDGET INADEQUATE- MINISTER OF POWER

The minister of power, Alhaji Mamman Saleh said the money appropriated for the ministry in the twenty twenty-one budget proposal was inadequate. Alhaji Saleh made this known during twenty twenty-one budget defence before the senate committee on power chaired by senator Gabriel Suswan in Abuja. He said that the one …

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FEDERAL GOVERNMENT SAYS NIGERIA WILL BE CONSIDERING MORE OPTIONS TO BOOST ITS ECONOMY

The Federal government has disclosed that Nigeria will be considering further options in capital instead of issuing Eurobonds due to its cost in order to boost Africa’s largest economy in the face of a looming recession. Vice president Yemi Osinbajo made this known in a statement noting that Nigeria is …

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F.I.R.S RELEASES FIGURES FOR JULY 2020

The Federal Inland Revenue Service (FIRS) has announced that it generated a sum of four hundred and ninety billion naira revenue from tax in July 2020. According to a statement released by the FIRS, eighty-nine percent of the amount was generated from the non-oil receipt while eleven percent was collected …

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COMMERCIAL BANKS IN NIGERIA EXTENDS CREDIT FACILITIES OF EIGHTEEN POINT EIGHT- TWO TRILLION NAIRA TO THE PRIVATE SECTOR IN THE SECOND QUARTER OF 2020.

Commercial banks in Nigeria extended credit facilities of eighteen point eight- two trillion naira to the private sector in the second quarter of 2020. This was contained in the recent data released by the National Bureau of Statistics ( NBS), representing an increase of one point nine percent when compared …

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PRESIDENT MUHAMMADU BUHARI INAUGURATES NATIONAL STEERING COMMITTEE FOR DEVELOPMENT OF THE NIGERIAN AGENDA-2050, AND MEDIUM TERM NATIONAL DEVELOPMENT PLAN

President Muhammadu Buhari has inaugurated the National Steering Committee ( NSC) for the development of the Nigerian Agenda- 2050, and Medium Term National Development Plan. This was made available in the recent statement released by the Federal Ministry of Finance, Budget and National Planning.   Speaking at the inauguration, the …

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VICE PRESIDENT CALLS ON MINISTRIES TO ACTION IN MITIGATING EFFECTS OF COVID-19 IN THE NATION

Vice President Yemi Osinbajo has called on relevant Ministries and Stakeholders to expedite action, in mitigating effects of COVID-19 pandemic disruptions on the nation’s economy. Spokesman to the Vice president- Mr. Laolu Akande who made this known said, the V.P stated this while presenting an overview of the Economic Sustainability …

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PRESIDENT BUHARI REITERATES IMPORTANCE OF OIL AND GAS AT PENGASSEN CONFERENCE

President Mohammadu Buhari has reiterated the centrality of the Oil and Gas sector to the infrastructural and economic development of Nigeria. The President who was represented by the Minister of Petroleum Resources, Chief Timipre Sylva made the affirmation while delivering his welcome address at the 6th Triennial National Delegates’ Conference …

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