The Federal Government has signed a Memorandum of Understanding (MoU) with the African Risk Capacity (ARC) to address the impact of extreme weather events in Nigeria. The ceremony, took place on the sideline of the Annual Meetings of the African Development Bank (AfDB) on Thursday in Busan, South Korea. The MOU which also include training support […]
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The Federal Government said it recovered more than N143. 89 billion from corrupt officials through the implementation of the Whistleblower policy. The Presidential Initiative on Continuous Audit (PICA) disclosed this in a report made available to the News Agency of Nigeria (NAN) on Sunday in Abuja. The report showed that government had successfully recovered N7.8 […]
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The Minister of Finance, Mrs Kemi Adeosun, addressed State House correspondents after the Federal Executive Council meeting, presided over by President Muhammadu Buhari, on Wednesday, said the Federal Government has released N1.248 trillion for capital projects. The minister also said the government had saved N68 billion on personnel cost in 2017. This brings the aggregate […]
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The Nigeria Extractive Industries Transparency Initiative (NEITI) on Tuesday in Abuja said the Federation Account Allocation Committee (FAAC) disbursements increased by 25 per cent in 2017. NEITI Director Communications and Advocacy, Dr Orji Orji, said this in a statement. Orji said FAAC disbursed a total sum of N6.418 trillion in 2017 showing an increase of […]
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NIGERIA – The minister of finance, Kemi Adeosun, has defended the decision to suspend Mounir Gwarzo as director-general of the Security and Exchange Commission (SEC). Adeosun had set up an administrative panel to look into some allegations levelled against Gwarzo. The panel had recommended his suspension, which the minister upheld. But Gwarzo attributed the action […]
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The Debt Management Office (DMO) says the release of N1.2 trillion for capital projects by the Federal Government in six months is a positive development in the country. The capital projects are contained in the 2017 Appropriation Act. The News Agency of Nigeria (NAN) recalls that the 2017 budget was only finalised in July 2017, […]
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The Minister of Finance, Mrs Kemi Adeosun on Monday, said the Federal Government of Nigeria would release the sum of N750bn this to Ministries, Departments and Agencies of government this week. This is to serve as part of implementation of capital projects contained in the 2017 budget. gave the figure while speaking during a meeting […]
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The Minister of Finance, Kemi Adeosun, has said the whistleblower who informed the Economic and Financial Crimes Commission, EFCC of the N13bn recovered from an Ikoyi apartment in Lagos would be paid this month. Adeosun said this in a statement issued by her Special Adviser, Media and Communications, Oluyinka Akintunde on Sunday. “The attention of […]
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The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday said about N797.51 billion revenue generated from Value Added Tax (VAT) between January and October was transferred into the Federation Account. Adeosun released details of the 2017 VAT collection in a statement by her Special Media Adviser, Mr Oluyinka Akintunde in Abuja, She said that the […]
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Kemi Adeosun, minister of Finance, has said the country needs to borrow more in order for President Muhammadu Buhari to deliver several infrastructures in the country. The President Buhari had written to the Senate seeking approval for $5bn loan. The minister made this statement on Sunday at a joint press conference with Godwin Emefiele, governor […]
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