Fed Govt To Deduct Illegal Mining Fees From States’ Allocations     The Federal Government on Wednesday resolved that henceforth, it would be deducting any illegal fees imposed on mining companies by state governments from the allocation of such states. It has therefore directed the Minister of Finance,...

Reps Summon Adeosun, Ahmed, Farouq Over N1.7trn NSIP Fund     The House of Representatives has summoned a former Minister of Finance, Mrs Kemi Adeosun; the incumbent Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed; and the Minister of Humanitarian Affairs, Disaster Management and Social...

FEC Okays N8.6bn To Begin Siemens Power Project     The Federal Executive Council (FEC) has endorsed the President’s approval to release €15.21 million (N6.94 billion) offshore and N1.71bn onshore, totaling N8.65bn as counterpart funding to kickoff phase 1 of the Siemens Presidential Power Initiative. The Minister of...

Senate Summons Ahmed, Fashola, Others     The Senate on Tuesday, summoned the management of the United Bank for Africa to appear before it over its alleged N41bn indebtedness to the creditors and liquidators of the defunct Nigerian Telecommunications Limited and the Mobile Telecommunications Limited. The Senate Committee...

N6.4trn ERGP Expenditure Fails To Meet Set Targets     AS the federal government gets set to replace the Economic Recovery and Growth Plan (ERGP) with a new economic plan, the Nigerian Economic Sustainability Plan (NESP), reports from both government sources and private sector assessment have indicated...

We’ve Identified Plans To Generate N18trn Revenue, Says FG     The Federal Government on Thursday said it had identified oil and non-oil initiatives that could help the country generate between N13tn to N18tn and achieve its 15 per cent revenue to Gross Domestic Product target. It also...