FEC Approves N59.35bn For Aviation, Roads Projects         The Federal Executive Council (FEC) on Wednesday approved N59.350 billion for roads and aviation projects across the country. Three ministers – Babatunde Fashola (Works and Housing), Alhaji Lai Mohammed (Information and Culture), on behalf of Senator Hadi Sirika (Aviation)...

No Plan To Review 2021 Spending Estimates - Finance Minister         The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, yesterday in Abuja, said there is no plan to review the 2021 budget currently before the National Assembly. She has also allayed the fears of...

Finance Bill Proposes Tax Reliefs For Donors To COVID-19 Funds       More highlights of the Finance Bill 2020, approved by the Federal Executive Council (FEC) on Wednesday, were unveiled yesterday at a virtual National Economic Council (NEC) meeting presided over by Vice-President Yemi Osinbajo. Presenting the bill...

Fed Govt Disburses N195bn Export Grant To 270 Exporters       The Debt Management Office (DMO) has said that a total of N195 billion has been disbursed to 270 exporters under the Export Expansion Grant (EEG) programme of the federal government. However, the figure is lower than the...

FG Seeks NASS's Approval For Issuance Of N35bn Promissory Notes         The federal government yesterday revealed plans to issue promissory notes worth N35.813 billion to 30 local contractors. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed disclosed this during the 2021 budget defence held...

FEC Okays $3.02bn For PH-Maiduguri Rail Line       The Federal Executive Council (FEC) on Wednesday approved the reconstruction and rehabilitation of the Port Harcourt-Maiduguri Eastern Narrow Gauge. The cost of the project was put at $3.02bn. The decision was taken at the weekly meeting of the council presided...