The House of Representatives defended its decision to buy exotic cars for its 360 members at a period the country’s economy is in recession. It said lawmakers must have a means of mobility while carrying out oversight duties over Ministries, Departments and Agencies of the...

The Federal Government has said it is owing former Presidents and ex-Heads of State including Goodluck Jonathan, Olusegun Obasanjo and Shehu Shagari allowances since January this year. This was made know on Thursday when the members of the Senate Committee of Federal Character and Intergovernmental...

The Federal Ministry of Finance has announced the constitution of a committee to recover unremitted operating surpluses of agencies of government, running into N450 billion. The committee led by the Accountant General of the Federation, Alhaji Ahmed Idris, is to reconcile the operating surpluses of...

The Federal Government has sidelined the Bureau of Public Enterprises in the process of giving out key assets and infrastructure in several critical sectors of the economy, including aviation, petroleum and railways to private operators as concessions. Investigation by our correspondent showed that a number...

The Efficiency Unit in the Federal Ministry of Finance has concluded arrangements for a series of workshops on Cost Management for officers of Federal Ministries, Departments and Agencies (MDAs) and their counterparts in the 36 States of the Federation. The workshops are part of the...

…plans $1 billion loan for Capital projects The Federal Government plans to release the sum of N350 billion to Ministries, Departments and agencies (MDAs) for their capital projects in the next one week. Finance Minister, Mrs. Kemi Adeosun who spoke to newsmen at the Finance Ministry...