FCT Traffic Service Generates Over N3.5bn IGR     The Federal Capital Territory (FCT) Road Traffic Service, has disclosed that it realised over N3.5billion from Internally Generated Revenues (IGR), in 2019. It said the performance is about N500million above the N2.9billion revenue target set by the FCT administration. It...

Nigeria’s Investments On Fixed Assets Hit $39.2bn In Five Years   Nigeria’s Fixed Gross Investments rose by $39.2 billion in five years, from $59.6 billion recorded in 2016 to $98.2 billion in 2020. Fixed Gross Investment records total business spending on fixed assets, such as factories, machinery,...

FIRS Seeks Stakeholders’ Support On N8.5trn Revenue Target   The Federal Inland Revenue Service is seeking the support of stakeholders in achieving its 2020 revenue target of N8.5tn. The Executive Chairman, FIRS, Muhammad Nami, sought the support during a national tour of the six geo-political zones to...

AfDB To Support Agro-processing Zones With $300m   The African Development Bank is to support the implementation of the Special Agro-Industrial Processing Zones project in Nigeria with $300m. Senior Special Adviser on Industrialisation to AfDB President, Prof. Oyebanji Oyelaran-Oyeyinka, disclosed this at an SAPZ Inception Workshop in...

FG Approves N7bn Loan To Support Creative Industry The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, says the Federal Government has approved a facility of about N7bn to support the creative industry. The amount was disbursed by the Federal Government through the Bank...

Power Sector Loses N19.15bn In Ten Days   The nation’s power sector lost an estimated N19.15bn in 10 days due to constraints from insufficient gas supply, distribution and transmission infrastructure. The losses were recorded in the 10 days to February 14, 2020, according to data from the...