FG Aims to Generate N3.96tn revenue from oil, non-oil sectors Annually The Federal Government has approved a new revenue boost scheme aimed at generating N3.8tn annually and N160bn from non-oil and oil ventures respectively. The Senior Special Assistant to the Vice President on Media and Publicity,...

N477bn Refunded To 24 States For Project Expenses - FG   The Minister of Information and Culture,  Lai Mohammed, says the Federal Executive Council has so far reimbursed the total sum of N447 billion to state governments for expenses incurred on Federal Government projects. The minister made...

FEC, N/Assembly Approve N16.39trn Proposed 2022 Budget     The Federal Executive Council (FEC) and the National Assembly have approved President Muhammadu Buhari’s revised 2022-2024 Medium Term Expenditure Framework of N16.39 trillion. The government will also borrow N6.258tr to fund the proposed budget deficit. President Buhari will be presenting...

FG Approves $2.5m, N498.2m For Four Power Projects     The federal government has approved a total sum of $2.54 million and N498.23 million for four power projects across the country. This is just as it also okay the interim report on greenhouse emission reduction for the nation. Minister...

FEC Okays $1.48bn For Refineries Repair       The Federal Executive Council on Wednesday approved $1.48bn for the rehabilitation of two refineries in Warri and Kaduna. The decision was taken at the weekly meeting of the council presided over by Vice-President Yemi Osinbajo. Osinbajo stood in for President Muhammadu...

FEC Awards N309.9bn Road Contracts To Dangote       The Federal Executive Council on Wednesday approved the award of a contract to Dangote Industries for the construction of five roads totaling 274.9 km at the cost of N309.9bn to be advanced to the company as tax credit. Minister...