Monetary

2024 Budget: FG To Spend N837bn On 2,254 Bridges, Roads

2024 Budget: FG To Spend N837bn On 2,254 Bridges, Roads   The Federal Government is planning to rehabilitate and construct 1,925 roads and highways across the country in the 2024 budget proposal. The government also allocated N548.56b for roads construction in 2024, with the East-West and Benin-Akure...

PFAs Generates N8trn Profit From Pension Investments

PFAs Generates N8trn Profit From Pension Investments   The Pension Fund Administrators (PFAs) have recorded N7.98tn profit from investing contributions made by workers into their Retirement Savings Accounts under the Contributory Pension Scheme, according to a new report. The report, obtained from the Pension Fund Operators Association...

Tinubu’s Vision to Revitalise Nigeria’s Economy with Privatisation, Commercialisation, PPPs – Shettima

Tinubu's Vision to Revitalise Nigeria's Economy with Privatisation, Commercialisation, PPPs - Shettima Vice President Kashim Shettima has implored new members of the National Council on Privatisation (NCP) to station themselves on the frontline of actualising the renewed hope agenda of the President Bola Ahmed Tinubu...

Senate Probes Customs Over Alleged Failure to Remit N62bn

Senate Probes Customs Over Alleged Failure to Remit N62bn   The Senate Public Account Committee has launched investigation into how Nigerian Customs Service failed to remit N62bn generated by the agency. This is contained in the 2017 Auditor General Report, which is currently being considered by the...

2024 Budget: FG to Spend Over N57,427,575 on State House Residential Rent

2024 Budget: FG to Spend Over N57,427,575 on State House Residential Rent   The Federal Government has proposed to spend over N57,427,575 on residential rent in State House quarters. This was contained in the 2024 Budget document obtained by Economic Confidential. Details in the budget show that...

2024 Budget: FG to Spend N6.5trn on Personnel Costs

2024 Budget: FG to Spend N6.5trn on Personnel Costs   Federal Government will spend a total of N6.48 trillion (inclusive of N1.02 trillion for government enterprises (GOEs) on personnel and pension costs in the 2024 budget. This is an increase of N576.16 billion or 9.8 per cent...