Lawmakers Demand 40-year Socioeconomic Plan From FG   The House of Representatives has asked the Federal Government to develop a long-term socioeconomic plan for Nigeria. The lawmakers adopted a motion at the plenary on Tuesday, entitled, ‘Need for Nigeria to Develop a Long-Term Social and Economic Development...

CSOs To Fed Govt: Privatise Refineries   A consortium of 15 civil society organisations on Tuesday asked the Federal Government to privatise Nigeria’s refineries and commit to the sustainability of the no-subsidy regime by articulating it into a law. According to the CSOs, this would help the...

JAMB Remits N7bn To Federal Government     The Joint Admissions and Matriculation Board (JAMB) has returned N3.5billion to the Federation Account from the excess generated from its operations during the conduct of 2020 Unified Tertiary Matriculation Examination (UTME). It said that it had returned N3.5billion to the...

Debt Servicing May Gulp 75% Govt Revenue By 2024   A report published by the World Bank has projected that debt servicing will take up about 75 per cent of Federal Government’s revenue by 2024. The report entitled ‘State debt management in Nigeria: Challenges and lesson learned’,...

FG April Bonds Oversubscribed By N215.67bn   The Federal Government’s bonds for the month of April worth N60bn offered on Wednesday were over oversubscribed by N215.67bn, the Debt Management Office disclosed on its website. The total subscription received from investors for the bonds was N275.67bn, comprising N49.7bn...

FG Slashes Budget, Sends To National Assembly For Review   The Federal Government has revised downward the revenue projection for the 2020 budget by N3.3tn from the initial approved amount of N8.41tn to N5.08tn. The revised revenue projection is contained in a proposal sent to the National...