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FG Commences Process Audit of Parastatals and Agencies

In line with the Federal Government’s agenda to institutionalize fiscal discipline, transparency, probity and accountability in the management of public finances, the Office of the Accountant-General of the Federation, has engaged the services of 18 professional Audit companies to undertake the Process Audit of...

FG to Save N1bn Annually from Board Meetings

……Cuts Board meetings from 8 to 4 per annum In continuation of its cost-cutting drive, the Federal Government has pegged the frequency of meetings of part-time Chairmen and members Committees, Boards of Statutory Corporations and Government-owned companies from eight to four times annually, with  savings...

N500bn social intervention fund intact— Ngige

THE Minister of Labour and Employment, Senator Chris Ngige has reiterated the Federal Government commitment to implement the approved N500 billion for the social intervention scheme. The minister who also said that the fund will take care of one million jobs to be created as...

No going back on Price Modulation Mechanism –PPPRA

Contrary to reports by a Section of the Nigerian Media, the Federal Government has not reversed its decision to remove subsidy on Premium Motor Spirit (PMS), moreso when there is no appropriation for subsidy in the 2016 budget. The PPPRA wishes to state categorically that...

Nigeria moves not to lose Regional Maritime Bank to DR Congo

Efforts by Federal Government are in top gear  to retain the hosting right of the Secretariat of the Regional Maritime Bank, presently being touted for Democratic Republic of Congo. The Chairman, Committee of Experts on the Regional Maritime Bank, Chief Chris Orode, made the disclosure...