Economy
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In first 10 days, 163,878 Nigerians enjoyed FG transportation rebate
rogramme a huge success – Dele Alake The Chairman of the Committee on the Implementation of the End of Year Transportation Subsidy Programme of President Bola Ahmed Tinubu, Dr. Oladele Alake, has described the programme as a huge success, saying that it has benefited over 160,000 passengers across the country. Dr. Alake, who is also the Minister of Solid Minerals…
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COP23: New Siemens deal with Germany would improve electricity- Tinubu
President Bola Tinubu has stated that the recent electricity deal reached with the German energy power company, Siemens, during the COP 23 climate change event will help to improve the country’s weak power supply in the future years. President Tinubu stated this on Monday while delivering his first New Year goodwill message to Nigerians. The message was aired on the…
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Tinubu seeks Senate approval for securitisation of N7.3trn Ways & Means revenue
President Bola Tinubu has sought for the Senate approval for securitisation of the balance of Ways and Means revenue in the Consolidated Revenue Fund (CRF) of Nigeria. Tinubu said this in a letter addressed to the Senate President, Godswill Akpabio, and read at plenary on Saturday. “I will like to call the attention of Senate to the provisions of section…
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Ijewere, the brain behind Nigeria’s Value Added Tax, dies at 77
The main brain that midwived Value Added Tax (VAT) in Nigeria has died. Dr. Emmanuel Ijewere, who was a former president of the Institute of Chartered Accountants of Nigeria (ICAN), reportedly succumbed to a prolonged terminal illness on Thursday. He was 77. He served as the Chairman of the modified value-added tax committee set up by the Federal Military Government…
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Abiodun signs N703.02bn 2024 budget into law
….says it will make Ogun Nigeria’s infrastructure capital By Kolawole Olayinka, Abeokuta Ogun State Governor, Prince Dapo Abiodun, has said that the 2024 Appropriation Bill of N703.028bn signed into law will further enhance the development of the state and make it Nigeria’s infrastructure capital. The governor stated this while signing the Bill into law after it was presented to him…
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FG to share N75 billion loans to MSMEs from January
The Federal Government has announced its plans to boost the growth and development of Micro, Small, and Medium Enterprises (MSMEs) in the country. As part of this initiative, the FG said it will be disbursing a total of N75 billion worth of loans to eligible businesses. This was contained in a statement issued by the Office of the Senior Special…
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OGHA okays 2024 Appropriation Bill of N703.02bn
… reviews estimates Of 18 MDAs, others By Kolawole Olayinka, Abeokuta Ogun State House of Assembly has passed the Year 2024 Appropriation Bill of N703,028,013,431.64 earlier presented to it for consideration by Governor Dapo Abiodun. The Appropriation Bill was presented about four weeks ago, with a review in the capital and recurrent expenditures as well as projected revenue of 18…
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Power minister decries persistent sabotage by vandals on power sector
Nigeria’s power minister, Adebayo Adelabu, expressed his dismay at the repeated acts of sabotage by vandals that have been causing disruptions to power supply in the NorthEast region of the country. These disruptions, according to him, have been affecting the states of Yobe and Borno, causing inconvenience and frustration for the residents. He said the vandalism occurred at a transmission…
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NEC appoints Kwara governor Chairman Economic Affairs Committee
By Mosunmola Ayobami,Ilorin The governor of Kwara State, AbdulRahman AbdulRazaq has been announced as the Chairman of the Economic Affairs Committee of the National Economic Council (NEC). Chairman of NEC and Nigeria’s Vice President, Kashim Shettima, made the announcement at the 138th meeting of NEC which held virtually during the week. The Committee is saddled with the task of preparing…
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WRC-23: Nigeria joins rest of world to sign updated radio regulations to deepen global connectivity
At the conclusion of the World Radiocommunications Conference (WRC) 2023, Nigeria joined the rest of the World to sign unto the Final Act WRC-23, which constitutes a record of the decisions taken at the conference. The Final Act comprises both the new and revised provisions of the Radio Regulations, an international treaty governing the use of the radio-frequency spectrum and…
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