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...

Earlier in the year, the federal Government set up the Efficiency Unit in the Federal Ministry of Finance as part of its plans to reduce both overhead and other costs and wastages. Towards this end, government recently banned the procurement and distribution of conference...

...Insists contracts, projects should only be advertised in national dailies, tenders board The federal government has said it would henceforth sanction any chief executive or director general heading government departments, agencies or parastatals over the abuse of the Public Procurement Act 2007. This was made known...