Floods Caused $7bn Economic Damage In 2022 – Shettima
The Federal Government has said the financial worth of direct economic damage in Nigeria caused by floods in 2022 is $7bn.
On Tuesday, the government also said over 600 lives were lost as a result of the...
Tinubu Chases 18% Tax-GDP Ratio, Vows to Cut Borrowing
President Bola Ahmed Tinubu has expressed his commitment to break the vicious cycle of overreliance on borrowing for public spending.
The President said the resulting burden of debt servicing is not good for the country's economy.
Inaugurating the...
FG Begins Harmonisation of Taxes, Inaugurates Committee Today
The federal and state governments have commenced harmonisation and codification of taxes at the national and sub-national levels to eliminate multiple taxation and increase revenue.
In line with this, President Bola Tinubu is also expected to inaugurate the...
Electricity Subsidy: FG Spent N36bn In Three Months – NERC
The Nigerian Electricity Regulation Commission (NERC) has said the federal government paid the sum of N36bn to subsidise electricity consumption in the first quarter of 2023.
In its quarterly report, NERC said the money amounted to...
We've Recovered N1.6trn In 10 Years – AMCON Boss
The Asset Management Corporation of Nigeria (AMCON) has said it recovered N1.6tn from bad debtors in 10 years of its existence.
This was disclosed in a statement signed by the Head of Corporate Communications Department, AMCON, Mr...
Direct Interventions In Power Sector Now N7trn – FG
The Federal Government, on Tuesday, said it had spent about N7tn as direct interventions in the power sector despite privatising the electricity generation and distribution arms of the industry since November 2013.
It revealed this at a...
