FRC Targets N3trn Operating Surplus From MDAs In 2022
The Fiscal Responsibility Commission (FRC) is targeting no less than N3 trillion operating surplus from Ministries, Departments and Agencies (MDAs) next year.
When realised, such funds will be remitted into the Federal Government Consolidated Revenue Funds in...
Senate Panel Insists PEF Hasn’t Remitted Interest On Fixed N34bn
The Senate’ Committee on Public Accounts has insisted that the Petroleum Equalisation Fund, now Nigeria Midstream and Downstream Petroleum Regulatory Authority, must account for the bank interest on the N34bn placed in a fixed deposit...
FEC Okays N65.3bn For Power Projects In 2022
The Federal Executive Council meeting has approved N65.39bn in foreign and local denominations to execute power projects in the country.
The Minister of Power, Abubakar Aliyu, disclosed this to State House Correspondents on Thursday at the end of...
We’ll Raise Infrastructure Finance From N13trn Pension Funds, Others – CBN
The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has said Nigeria plans to finance infrastructure projects with banking and pension monies.
According to him, the Federal Government is seeking to reduce its external debts...
Buhari Inaugurates N348trn Devt Plan, Targets N298trn From Private Sector
President Muhammadu Buhari says Nigeria requires an investment size of N348.1tn to achieve the targets set out in the National Development Plan 2021-2025.
He also said a whopping 85.7per cent (N298.3tn) of this amount would come...
In Five Months, Shipping Council Saves N900.81m From Dispute Resolution
The Executive Secretary and Chief Executive Officer of the Nigerian Shippers’ Council, Emmanuel Jime, has said the council saved N900.81m from 82 resolved disputes between shipping companies and shippers or freight forwarders in five months.
He...
