A total of N652.229 billion has been distributed as federal allocation for the month of June 2017 to the federal government, state governments and local government councils. The communiqué issued by the sub-committee of the Federation Accounts Allocation Committee, FAAC, of the Office of the Accountant-General of the Federation, at the end of the meeting […]
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A statement from the ministry of finance revealed that a second tranche of Paris Club refund has been given to states by the federal government. In the breakdown given, it was said that the payments, which totalled N243,795,465,195.20 were made to the 36 states and the federal capital territory upon the approval of President Muhammadu […]
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The federal government has promised to make public the list of suspected treasury looters. Abubakar Malami, attorney-general of the federation (AGF), made the promise while speaking with state house correspondents on Wednesday. But he said that would only happen after the government had “fulfilled judicial principles”. A federal high court in Lagos had compelled the government […]
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The Federal Government has released N54 billion for the settlement of inherited and current liabilities to retirees on the platform of the Contributory Pension Scheme. The presidential spokesman, Malam Garba Shehu, disclosed this when he featured on an interactive radio programme, “Hannu Da Yawa” on the Federal Radio Corporation of Nigeria, FRCN Kaduna. The programme […]
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The Federal Government has declared Monday, 29th May 2017 as Public Holiday to celebrate the 2017 Democracy Day. Making the declaration on behalf of the Federal Government, the Minister of Interior, Lt Gen. (Rtd) Abdulrahman Bello Dambazau, congratulated Nigerians for witnessing yet another Democracy Day, which marks the Second Year Anniversary of President Muhammadu Buhari’s […]
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The first phase of Ajaokuta Steel Company will provide 500,000 upstream and downstream employment when it becomes operational. Mr Isah Onobere, the Sole Administrator of the company, told journalists on Friday that the first phase of the plant would also provide direct employment for 10,000 technical staff when inaugurated. He also said the first phase […]
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The Federal Executive Council (FEC) on Wednesday approved N54 billion for the reconstruction of Odukpani Itu-Ikot Ekpene road linking Akwa Ibom and Cross River states. The Ministers of Power, Works and Housing, Mr Babatunde Fashola, disclosed this at the end of the FEC meeting held in the Presidential Villa, Abuja. He stated that the road […]
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The Federal Government on Monday in Abuja assured Nigerian workers of speedy passage of the new National Minimum Wage. President Muhammadu Buhari said this in a message to workers on the occasion marking the 2017 May Day Rally with the theme, “Labour Relations in Economic Recession: An Appraisal”. “I am happy to inform you that […]
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The Association of Electricity Distribution Companies (ANED) has appealed to the Federal Government to provide the N100 billion subsidy it promised after private investors took over the power sector utilities on November 1, 2013. ANED, in a statement by its Executive Director, Mr Sunny Oduntan also appealed to the government to inject funds into the […]
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Peter Nwaoboshi, a Peoples Democratic Party (PDP) senator representing Delta north senatorial district, lost temporarily his 12-storey building at 27 Marine Road Apapa to the federal government. The forfeiture order was given by Abdulaziz Anka, a judge at the federal high court in Lagos. The court order was sequel to an application filed before the […]
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