• Falcons bonuses ; FG blames recession for non-payment

    Falcons bonuses ; FG blames recession for non-payment

    The Federal Executive Council (FEC) yesterday waded into the embarrasing episode of non-payment of the Super Falcons players’ match bonuses.

    The bonuses are due to the female players after they won the African Women Nations Cup in Cameroon at the weekend, but the FEC discussed the matter at its meeting chaired by President Muhammadu Buhari and blamed the failure to pay the ladies on the prevailing “biting economic situation”.

    Reports emerged that the players refused to vacate their hotel rooms in Abuja […]

  • Presidency asserts FG Has Credit Balance of N1.194tn in TSA

    Presidency asserts FG Has Credit Balance of N1.194tn in TSA

    The Buhari administration revealed to newsmen that the net credit balance of the federal government in the Treasury Single Account (TSA) as of December 2, 2016, was N1.194 trillion rubbishing the allegation made by the Emir of Kano and the former CBN governor, Alhaji Muhammad Sanusi II, that the account of the federal government domiciled at the central bank had been overdrawn to the tune of N4.7 trillion.

    He said last week that the CBN claims on the federal government now […]

  • Sectarian Crisis: FG donates 4 fighters’ jets to Air Force

    Sectarian Crisis: FG donates 4 fighters’ jets to Air Force

    The Federal Government yesterday encouraged the Armed Forces to keep up the tempo in the ongoing insurgency war and protect the lives of innocent citizens. President Muhammadu Buhari and Imo State Governor, Rochas Okorocha commended the Army for sustaining anti-insurgency operations.

    The Armed Forces were charged to make more efforts in curbing other societal vices such as kidnapping, oil bunkering and attacking of oil pipeline installations currently rocking some parts of the country

    Minister of Defence, Mansur Dan-Ali, who made this known […]

  • FG should diversify away from oil – Ajibola

    FG should diversify away from oil – Ajibola

    In order to find solution to the economy downturn, the Federal government has been advised to diversify the economy.

    The President of Chartered Institute of Bankers of Nigeria (CIBN), Professor Segun Ajibola suggested that Nigeria has great capacity for diversification of its economy, even though most of the strategies targeted towards the achievement of this objective have not yielded the desired results over the years.

    Ajibola, who stated this at  80th anniversary of International Commercial Terms (INCOTERMS) in Lagos,  said that  there […]

  • FG, turn down Senate move to cancel FERMA, supports tolling

    FG, turn down Senate move to cancel FERMA, supports tolling

    The Federal Government on Monday stated its objections on the plan by the Senate to cancel the Federal Roads Maintenance Agency and replace it with the Federal Roads Authority.

    The government however supported the planned to restore of tolls on federal highways across the nation.

    The Senate, acting on a bill sponsored by its Chairman of the Committee on Works, Kabiru Gaya, (APC, Kano South) in October 2016, had resolved to repeal the Act establishing FERMA and replace it with the FRA.

    The […]

  • Revealed: FG plans to increase VAT coverage from 10% to 20%

    Revealed: FG plans to increase VAT coverage from 10% to 20%

    Mr Laolu Akande, the Senior Special Assistant to the Vice President on Media and Publicity, has revealed that the Federal Government has no plans to impose new taxes but to expand the scope of Value Added Tax (VAT) in a drive for additional revenue.

     

    Akande said this in Abuja on Sunday that VAT was presently covering 10 per cent of the total areas expected at the rate of five per cent.

    “We want to increase the coverage to 20 per cent because […]

  • Organised labour vows to fight FG over salary deductions, says it is callous and uncalled for

    Organised labour vows to fight FG over salary deductions, says it is callous and uncalled for

    The Federal Government’s decision to reduce salaries of public servants working in some agencies, because their salaries and allowances are way above the benchmark of National Salaries and Wages Commission, is not going down well with some people.

    Reports gathered indicate that the organised labour is set for an agitation, as various unions told newsmen at the weekend that they were not ready for any reduction in salaries and allowances of their members particularly at a period like this.

    The government had […]

  • FG laments low ranking of Nigerian Universities in the world

    FG laments low ranking of Nigerian Universities in the world

    Federal Government has decried the consistent low ranking of Nigerian universities in the league of top universities in the world, describing it as discouraging.

    Malam Adamu Adamu, Nigeria’s Minister of Education, expressed the governments displeasure, at the weekend, in Abuja.

    In view of this, the Emeritus Professor, Ayo Banjo has advised the Federal Government to consider setting up  a Nigerian Universities Ranking Council (NURC), to encourage periodic local and global ranking of the nation’s universities.

    The minister of Education and Banjo spoke at […]

  • RECESSION: CBN attacked Sanusi, claiming its former boss were behind economic crisis

    RECESSION: CBN attacked Sanusi, claiming its former boss were behind economic crisis

    The Central Bank of Nigeria on Saturday blamed past political office holders who failed to take steps to save the country for Nigeria’s present economic woes.

    The CBN said this in reaction to the several accusations of the Emir of Kano, Alhaji Muhammadu Sanusi II, on the state and handling of the economy.

    Chief among the accusations by Sanusi, a former Governor of the CBN, was that there are five exchange rates in the country.

    The CBN said it does not allocate dollars […]

  • FG to boost ICT development in Sokoto state

    FG to boost ICT development in Sokoto state

    The Federal Government has pledged to assist Sokoto state with expertise and other logistics to ensure rapid development of Information and Communications Technology, (ICT) in the state.

    Adebayo Shittu, Nigeria’s Minister of Communications, stated this when he visited Governor Aminu Waziri Tambuwal over the weekend.

    “We will deploy logistics and personnel to assist the state government develop its ICT sector. Already, appreciable level of progress has been achieved but we hope to expand into critical areas like agriculture, education and healthcare delivery. […]

  • FG approves fire-arms for FRSC

    FG approves fire-arms for FRSC

    Following upsurge in violent attacks and killing of some of its operatives during legitimate duties, the officers and men of the Federal Road Safety Corps, FRSC, have been licensed to carry fire-arms.

     

    Corps Marshal and Chief Executive of FRSC, Dr Boboye Oyeyemi, revealed that the Corps has lost over 70 of its personnel in 2016 alone as a result of violent attacks by motorists at the course of duties on highways.

    Oyeyemi made this known on Friday in Abuja at the end […]