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2017 Budget:FG Proposes Another N500bn for Social Intervention

The Federal Government said it would again set aside the sum of N500bn in the 2017 budget for its social intervention programme. The amount when added to the N500bn earlier approved for the same purpose this year would bring the total budgetary allocation for programme...

No Going Back on Digital Migration – Lai Mohammed

It is imperative for Africa to utilize the platform provided by digitalization to leapfrog into the future of technology, says Minister of Information and Culture, Alhaji Lai Mohammed. Speaking at the end of the 6th African Digital TV Development Seminar, in Beijing, China, Alhaji Lai...

Loots: Breakdown of Recovery of N78bn, $185mn, £3.5mn, €11,000

The Federal Government made cash recoveries totaling N78,325,354,631.82 (Seventy-eight billion, three hundred and twenty-five million, three hundred and fifty-four thousand, six hundred and thirty-one Naira and eighty-two kobo); $185,119,584.61 (One hundred and eight-five million, one hundred and nineteen thousand, five hundred and eighty-four US...

Nigeria’s GDP Falls To Historic Low, Heads Towards Recession

...Declines to -0.36%  ...Unemployment rate rises to 12.1% Nigeria’s real Gross Domestic Product (GDP) growth rate declined to -0.36 per cent in the first quarter of this year (Q1 2016) compared to 2.11 per cent in Q4 of 2015, the National Bureau of Statistics (NBS) stated...

FG: Nigeria is Broke, Looks to Taxation for Infrastructure Development

...Government ready to talk to all aggrieved groups Nigeria is in dire straits and lacks enough funds to meet its obligations, the Minister of Information and Culture, Alhaji Lai Mohammed has said. The minister stated this in Abuja while explaining the decision of the federal government...

Lai Mohammed Clear Air on Buhari’s Control of Nigeria’s Economy

On Saturday morning, I appeared on a Radio show here in Abuja at which I spoke extensively on the issues affecting our country, especially the economy. To my surprise, my views were twisted and I was reported to have said that the economy of our...