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FG Confirms First Payment of N375.8m to Whistleblowers

The Federal Ministry of Finance has confirmed release of N375.8M to the first batch of 20 providers of information under the Whistleblower Policy. The payment, of various amounts totaling N375,875,000, relate to the recovery of N11,635,000,000 . The Minister for Finance, Mrs. Kemi Adeosun stated:...

Unemployment Rises to 14.2% in Q4 2016

The unemployment report released by the National Bureau of Statistics (NBS) Tuesday has shown that no fewer than 5.5 million Nigerians became unemployed in the two years of the Muhammadu Buhari administration, even as the unemployment rate rose to 14.2 per cent in the...

Poverty peaks as income to transport ratio rises

Nigeria’s consumer prices increased 17.24 per cent year-on-year in April, easing slightly from a 17.26 per cent in March, even as food and other household items remain high, despite interventions by the government. Nigeria’s poverty level already standing at about 72 per cent, may soar,...

FG Urged to Increase Funding in Education Sector

The Federal Government has been advised to increase its funding of the education sector if Nigeria is to become globally competitive. A former Nigerian Ambassador to Equitorial Guinea, Sunday Bassey, made the call for more funding of the education sector at the 2017 maiden Abuja...

Osinbajo: Nigeria Will Be Self Sufficient in Rice Production by 2019

‎Acting President Yemi Osinbajo has once again reassured Nigerians that the country will be self sufficient in rice production by 2019. The acting president gave the assurance Wednesday in Abuja at the launch and official handover ceremony of Computer Assisted Personal Interview (CAPI) system developed...

Reps Seek Mandatory 5-Year Minimum Wage Review

The House of Representatives has passed for second reading, a bill seeking to amend the National Minimum Wage Act, with a view to making it mandatory for the wage to be reviewed every five years. Sponsored by Majority Leader, Hon. Femi Gbajabiamila, the bill, which...