TraderMoni Gulps N11.5bn As FG Sets Up Monitoring Centre Vice President Yemi Osinbajo, yesterday, spoke to traders via the TraderMoni call centre set up by the Bank of Industry (BOI) to track 3.56 million potential beneficiaries and 1.15 million traders that had received their loans. Real-time...

FG Disburses N71.3bn Paris Club Refund To UBEC The Federal Government has released the sum of N71.3bn from the Paris Club refund to the Universal Basic Education Commission for the provision of much-needed infrastructure in public primary and secondary schools across the country. The UBEC Executive...

FG Earmarks $650m To Complete Five Major Roads The federal government has stated that the reconstruction of the Lagos-Ibadan expressway is to be completed in 2021 and that work on the road is not expected to stop until it is ready. It also announced that...

ECA Shrinks To $631m As FG Withdraws $1.6bn In Three Weeks Between November 25 and December 19, the amount in the Excess Crude Account declined by about $1.68bn, statistics obtained from the Federation Account Allocation Committee have revealed. As of November 25 when the FAAC committee...

FG Records N2.3trn Deficit From Revenue-earning Agencies Between January 2015 and August 2018, the Federal Government recorded a total shortfall of N2.38tn in independent revenue from its agencies captured under the Fiscal Responsibility Act. The Act stipulates that any government agency that generates revenue must remit...

FG Loses $325m Annually To Smuggled Textiles The Federal Government is losing about $325m revenue annually to the smuggling of garments into the country. The Minister of State for Industry, Trade and Investment, Aisha Abubakar, gave the figure on Thursday in Abuja during the opening session...