Fed Govt, Operators Disagree Over Proposed Cost Of 5G Spectrum   Operators in the telecommunication space have said the minimum price set for the planned 5G spectrum is too expensive and higher than what obtains in most other countries. This was disclosed during the ‘Stakeholders Consultative Forum...

Fed Govt Privatises 234 Companies – BPE   The federal government has said no fewer than 234 public enterprises have been reformed by way of privatisation, commercialisation and in some cases, concession. The Director-General, Bureau of Public Enterprises (BPE), Mr Alex Okoh, disclosed this in a statement...

Fed Govt Earmarks N71.6bn For Railway Projects   The Federal Government has budgeted the sum of N71.6bn for new railway projects across the country. This is contained in the highlight of the 2022 budget of the Ministry of Transportation. The projects as contained in the 2022 budget presented...

Fed Govt Budgets N104bn To maintain, Purchase Generators In 2022   Ministries, Departments and Agencies of the Federal Government will in 2022 spend an estimated N104bn on purchasing generators, fuelling and servicing them. The N104bn which will be spent on generators due to the country’s unstable power...

Fed Govt Personnel Cost Rises By 79.48%, Gulps N13.2trn In Four Years   The amount budgeted for personnel costs has increased from N2.29tn spent in 2019 to N4.11tn in the proposed 2022 budget, according to data obtained from the budget implementation report of the Federal Government. This...

Why Debt Service To Revenue Ratio Is High – Fed Govt   The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has blamed Nigeria’s high debt service to revenue ratio on the large expenditure base of the country. Ahmed, in an interview with Bloomberg on...