FG To Borrow $1.2bn For Agric Mechanisation
The Federal Government is set to borrow $1.2bn from the Dutch Bank and the Development Bank of Brazil to provide for mechanised agriculture in Nigeria.
Senior Special Adviser to the President on Agriculture, Andrew Kwasari, told journalists in Abuja...
FG To Redeem Debts Owed States With Over N31.4bn
The Federal Government will tomorrow release over N31.4 billion to state governments in keeping with its obligations to service its debts.
The state governments will be credited with N31,440,652,571 tomorrow when the promissory notes issued to them...
Reps, Finance Ministry Disagree Over N2.8bn Payment To OPEC
The House of Representatives and the Ministry of Finance yesterday disagreed over the procedure for paying N2.8 billion to the Organisation of Petroleum Exporting Countries (OPEC) in 2017.
The Ministry appeared before the Public Accounts Committee of...
FG Subsidises Electricity By N50bn Monthly - Power Minister
The Federal Government has been subsidising electricity supply across the country to the tune of over N50bn monthly, the Minister of Power, Sale Mamman, has said.
He said the subsidy spendings were because the government was worried...
Reps To Probe MDAs Over N96bn Special Interventions Funds
The House of Representatives has directed its Committee on Finance to investigate the disbursement and utilisation of N96.191 billion Special Interventions Funds (SIF) provided to Ministries, Departments and Agencies (MDAs) between 2015 and 2020.
This was sequel...
Reps Condemn $750m Yearly Loss To Gas Flaring
The House of Representatives says Nigeria is losing about $750m to gas flaring annually.
It added that the flared gas could have been used to generate electricity for the country.
The Federal Government has, however, said it is committed...
