By now, we should be recounting our expenses during the celebrations of Sallah, Christmas and New Year. As we enter the New Year 2010, the Economic Confidential magazine is introducing a new column Home Maker, on how to deal with the family economy and management of the home, most especially on cookery, needlework and cleaning. We believe women as homemakers will benefit from this new column and their contributions too will be welcome.
Distribution of N48bn on Exchange Difference in December 2009
Distribution of N48bn on Exchange Difference in December 2009
Distribution of the Sum of N48,626,887,445.44 being exchange difference of N149.01 and budgeted rate of N125 to 1 US Dollar at December 2009 meeting of the Federation Account. The other detail of Statutory and VAT Allocation to the tiers of government is in another table of this magazine
Federation Account: How They Share N458bn in December 2009
Gross summary of Statutory Revenue and VAT Allocation in December 2009
As part of the two allocations at the meeting of the Federation Account Allocation Committee (FAAC) in December 2009, the Economic Confidential magazine provides here the distribution of a total sum of N458 billion being the Statutory and VAT allocations shared to all tiers of government. Other allocations are in Fact and Figures pages. From the total disbursement of nets after deductions, the highest recipients are from the oil producing states with Akwa Ibom receiving N12.47bn, Rivers N11bn, Delta N10.7bn and Bayelsa N5.2bn.
FG Bans Retail of Bulk Lubricants from January 1, 2010
…To Accelerate Development of Cooking Gas Market
Against the backdrop of the federal Government’s renewed policy of repositioning the Oil and Gas sector, the Minister of Petroleum Resources, Dr. Rilwanu Lukman has directed that by January 1, 2010, all bulk sales of lubricants to retailers must stop nationwide just as he disclosed that the Federal Government has fashioned out a new strategy for the development of the LPG market in the country because the domestic gas utilization in Nigeria remains abysmally low.
Nadada: Facilitator of Small and Medium Enterprises
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) prides itself as a “One Stop Shop” for Micro, Small and Medium Enterprises Development (MSMA). Established by the SMEDAN Act of 2003 to promote the development of the MSME sector of the Nigerian Economy, it facilitates the access of micro, small and medium entrepreneurs/investors to all resources required for their development.Activities of the agency was not very known to the public until recently when the Director-General SMEDAN, Muhammad Nadada Umar flagged
