Fed Govt To Spend N204bn On Power Projects, Salaries
The Federal Government will spend N204.4 billion on projects and salaries for agencies and the Federal Ministry of Power in 2021.
According to the budget proposal of the ministry, out of the N204bn budgeted, N198.3bn was for...
N392bn Projects Debt: Senate Asks FG To Consider Pension Fund
The Minister of Works and Housing, Babatunde Fashola, on Wednesday, told the Senate that the Federal Government owe construction firms handling 711 road projects across the country N392bn.
The debt, according to the minister, was higher...
Nigeria’s Oil Deposit Down By 2.16% To 36 Barrels - NNPC
The Nigerian National Petroleum Corporation (NNPC) has disclosed that the volume of oil deposits Nigeria holds declined by 2.16 per cent between 2018 and 2019 and is now 36.89 barrels (bbls).
While the country’s oil...
FG To Apply For $11bn Loan To Construct Lagos-Calabar Rail Line — Amaechi
Minister of Transportation, Chibuike Amaechi, said, yesterday, that the Federal Government was set to apply for a $11billion loan to construct Lagos to Calabar rail.
Amaechi made the disclosur y during an interactive...
Group Cautions FG Over Acclaimed $1.5bn Steel Plant Investment In Kaduna
The federal government has been advised to embark on thorough verification of data of investment of foreign investors in the country to further ascertain the investment status of foreigners for proper planning.
This is contained...
FG Expecting One million MT Steel From $1.5bn Plant – Minister
The Federal Government has said that the $1.5bn steel plant that is nearing completion in Kaduna State will attract automobile industries to Nigeria when completed.
Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed...
