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 […]
The Presidency has said that the Federal Government’s Economic team is strong and competent to discharge its duties.
Mr Laolu Akande, the Senior Special Assistant to the Vice President on Media and Publicity, said this on Sunday when he appeared on the News Agency of Nigeria (NAN) Forum in Abuja.
He was reacting to the allegation in some quarters that the country remained in recession due to poor handling of the economy by officials.
According to him President Muhammadu Buhari’s economic team is […]
The Presidency has asked the Emir Of Kano, Sanusi Lamido Sanusi, to get his facts straight over the allegations of the grave consequences of Nigeria borrowing $30 billion.
Reports gathered show that the Emir had in his keynote address at the policy monitoring dialogue on the state of the Nigerian economy, which was organised by the Savannah Centre for Diplomacy, alleged that the Central Bank’s lending to the government since Buhari came into power had spiked from about N1.5trn to over […]
Senior Special Adviser to the President on Media and Publicity, Femi Adesina, has revealed that the government is currently negotiating with Boko Haram insurgents for the release of the remaining abducted Chibok girls.
Recall that the insurgents recently released 21 of the abducted Chibok girls after two years in captivity.
Adesina made the disclosure shortly after delivering lectures at the Nigerian Army School of Public Relations and Information, NASPRI, annual media workshop for Defence Correspondents and Commanding Officers.
On the sponsors of Boko […]
Barely one month to the end of the year, the Presidency, yesterday, shocked lawmakers when it revealed that less than N1 billion, out of the N500 billion Social Welfare Scheme in the 2016 budget, has been released.
Special Adviser to the President for Social Protection Plan, Mrs Mariam Uwais, said this at a meeting of Ministries, Departments and Agencies (MDAs) with the National Assembly Joint Committee on Appropriations, with respect to a N181 billion virement request by President Muhammadu Buhari.
She said […]
President Muhammadu Buhari will soon send a “reworked” list of non-career ambassadorial nominees to the Senate for confirmation.
The Senate had last week rejected the 46 non-career ambassadorial nominees earlier sent to it by Buhari for approval.
The lawmakers, who said the list would be returned to the President “for re-submission and re-jigging,” added that they rejected the nominees because of over 250 petitions against them.
Our correspondent learnt on Sunday that a fresh list would be prepared and sent to the Senate.
It was gathered that the presidency has said the administration of former President Goodluck Jonathan awarded projects on paper without allocating a single kobo for its take off.
The senior special assistant to the President on Media and Publicity, Garba Shehu, who stated this in an interview program on Express Radio in Kano on Tuesday, said a number of projects existing on paper are now being activated, citing the Kano-Katsina dual road project as an example of what he called “deceitful […]
According to reports, the Special Adviser to President Muhammadu Buhari on Media and Publicity, Femi Adesina, has explained why the $30bn loan request rejected by the Senate will be resent back.
Featuring on Channels Television yesterday, the Presidential spokesperson explained that the Buhari’s loan request was not rejected by the Senate but the upper legislative chambers only asked for more details.
Reacting to a question on the loan request, Adesina said, “Yes, it makes sense to represent. You will notice that what […]
A policy and governance expert, Mr Oseloka Obaze, has advised African leaders to look inward for solutions to their political and economic challenges.
Obaze, the Managing Director of Selonnes Consult, said in a statement in Awka on Friday while reacting to the emergence of Donald Trump as U.S. president-elect.
He said that the emergence of Trump as the president-elect, in spite of the bookmakers’ predictions, was “American Wonder’’.
Obaze, who is also a retired diplomat, said that Trump presidency might hold some fortunes […]