‘Nigeria Can Earn $500bn from Privatisation, Economic Diversification in Five Years’ Economic experts on Wednesday proffered solutions to Nigeria’s short, medium and long term economic recovery and suggested how the country can raise $500billion within the next five years. Their position was echoed by the Economic...

Nigeria Ranked Low On Budget Transparency Index Nigeria slipped into 90th place behind Zimbabwe and Afghanistan in the global Open Budget index released on Thursday. Nigeria’s score on the open budget index dipped from 24 in 2015 to 17. In Africa, Nigeria currently ranks 23 behind...

Oil companies Not Paying Gas Flaring Penalties — Adeosun The Federal Government has accused oil companies of not paying stipulated gas flaring penalties, amounting to loss of revenue in billions of dollars into government coffers. Minister of Finance, Kemi Adeosun, said the companies are taking...

World Bank Working With Nigeria To Increase Revenue Generation The World Bank is currently working with Nigeria to increase the country’s revenue-to-Gross Domestic Product ratio, which is currently put at six per cent. The World Bank Country Director for Nigeria, Mr. Rachid Benmessaoud, said this at...

FG Receives Power Transmission Expansion Document From World Bank A new power transmission expansion strategy document developed with about $2m from the World Bank was delivered to the Federal Government in Abuja on Tuesday. The 20-year Transmission Expansion Master Plan, which was funded by the World...

FG To Start Building $5.8bn Mambila Power Plant The Federal Government plans to start building a $5.8bn hydropower plant in the eastern Mambila region this year, after it agrees on loan terms with China’s Export-Import Bank. “We hope to break ground this year if we can...