Economy
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FG promises unveiling of new tax reforms
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed plans by the Federal Government plans to introduce new tax reforms to boost domestic resource mobilisation. Edun said this on Tuesday while attending the World Bank Group/International Monetary Fund (IMF) annual meetings in Marrakech, Morocco. He said the G-24 meeting which he took part in discussed how…
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Experts commend FG on roadmap to sanitize mining sector
Experts have commended the Ministry of Solid Minerals Development on its transformative plans to reposition and sanitize the mining sector towards achieving rapid economic development of the country. Panelists on the Nigerian Television Authority programme, Good Morning Nigeria” recommended that the Ministry should have a positive outlook on previous roadmaps and policies that were enunciated in year 2012 and 2106…
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Solid minerals sector to boost GDP and combat climate change, says Alake
Minister of Solid Minerals Development, Dr Oladele Alake has reaffimed that the decision of the Federal government to diversify from hydrocarbon to making the minerals sector major contributor to Nigeria’s gross domestic product ( GDP) is our contribution to climate change. Alake dropped this hint when he received a delegation of the Miners Association of Nigeria, led by their National…
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NNPC GMD, Kyari, insists no subsidy on petrol, says FG has 1.4bn litres
The Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has said the federal government is not paying subsidy for the supply of Premium Motor Spirit (PMS). Mr Kyari, who said this on Monday while addressing state house journalists in Abuja, also disclosed that the FG has about 1.4 billion litres of product at both marine…
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FG suspends N-Power, probes past activities
The federal government has suspended the N-Power programme and launched a probe into its activities over the past year, citing irregularities and fraud in the social assistance scheme. “This action has become necessary to give room for a detailed investigation into the operations of the N-Power in the last twelve months,” Akindele Egbuwalo, National Programme Manager N-Power for Honourable Minister…
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Aviation minister seeks to revamp Nigeria’s international airports
The Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, has reiterated the need for a master plan for the five international airports in Nigeria, as he received the report of the task force on the relocation of foreign airlines from the old terminal to the new terminal at the Murtala Muhammed International Airport (MMIA) in Lagos. According to a…
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PHOTO NEWS: Funmi Adewara gets Nigeria Innovation honours
Nigerian-British medical doctor and founder of Mobihealth, Dr. Funmi Adewara was honoured at the Nigeria Innovation Awards alongside others for her service to the medical profession and her innovative and transformative startup company that is changing how people receive medicare across Africa.
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FG to launch $617m investment in digital, creative enterprises programme
Determined to deliver on the promise to create millions of jobs in the technology space, President Bola Ahmed Tinubu’s administration has proposed November 2023 to launch the $617.7 million Investment in Digital and Creative Enterprises (i-DICE) programme. To ensure this unfolds into a reality, Vice President Kashim Shettima has given marching orders to members of the i-DICE Steering Committee, tasking…
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Nigeria’s active mobile subscribers hit 220 million in August
The Nigerian Communications Commission says the number of active mobile subscriptions in the country has reached 220,715,961 million as of August 2023. The executive vice chairman of NCC, Umar Danbatta, disclosed this at the 18th Abuja International Trade Fair organised by the Abuja Chamber of Commerce and Industry (ACCI) on Thursday. This year’s 12-day edition of the fair has the…
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FG, AFC partner to gather data, process minerals
In furtherance of it’s commitment to reposition and sanitize the solid minerals sector of the economy, the Federal Government through the Ministry of Solid Minerals Development will partner with the Africa Finance Corporation in data gathering to de-risk investment in the mining sector. Minister for Solid Minerals, Oladele Alake, made this known during the visit by the President/CEO Africa Finance…
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