In One Month, FG Depletes ECA By $253.1m   The Federal Government depleted the Excess Crude Account by $253.1m between January 16 and February 19, analysis of figures from the Federation Account Allocation Committee, has shown. As at the end of the FAAC meeting on January 16,...

FG Through ICRC Develops 139 PPP Projects   The Federal Government, through the Infrastructure Concession Regulatory Commission (ICRC), has developed about 139 Public Private Partnership projects to be implemented by various agencies of government. The projects, which cover various sectors of the economy, are part of efforts...

FG Withdraws N35.51bn From States’ Allocations As Bail-out   The Federal Government deducted the sum of N35.51bn from allocation made to the states for external debt servicing, contractual obligations and others. The deductions, which were for the month of September, were made from the allocations given to...

FG, States LGs Share N702.058bn For October 2019   The Federal Account Allocation Committee (FAAC), at its meeting in Abuja shared to the Federal Government, States and Local Government Councils a sum total of N702.058 billion as federal allocation for the month of October 2019. From this...

FG Plans Two Terminals For Lagos International Airport   There are plans by the Federal Government to operate two terminals at the Murtala Muhammed International Airport, Lagos, it was gathered on Monday. Economic Confidential learnt that the plan to have two terminals like the local wing of...

Fed Govt’s Wages To Rise By N556bn In 3 Years   If the personnel cost budget of N2.67tn proposed by the Federal Government for next year is approved by the National Assembly, then the wage bill of Ministries, Departments and Agencies of government would have increased...