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Nigeria Spends N598bn Importing Hardware Yearly, Says NITDA

Organisations in the public and private sectors spend an average of $2 billion (about N598 billion) to import Information Technology hardware into the country annually, the National Information Technology Development Agency (NITDA) has said. Acting Director General of NITDA, Dr. Vincent Olatunji, disclosed this...

MDAs To Benefit From Properties Seized From Corrupt Officials

The Minister of Finance, Mrs Kemi Adeosun said the Federal Government plans to relocate some of its Ministries, Agencies and Departments (MDA) into some recovered looted properties. Adeosun dropped the hint in Abuja while briefing newsmen after the Steering Committee of the Efficiency Unit meeting. Economic...

Due Process Stalls Release Of N350bn To Economy –FG

The Federal Executive Coun­cil (FEC) has given Minis­tries, Departments and Agencies (MDAs) ultimatum to fast track the processes for the capital budgets to be re­leased so that the economy can be quickly reflated. It has also said Nigerians will start feeling the impact of...

FG Asks MDAs To Submit Priority Projects For Funding

The Federal Government has ordered Ministries, Departments and Agencies (MDAs) to forward list of ongoing and new projects in order of priority, for immediate funding. In a circular  from the Ministry of Budget and National Planning and Office of Secretary to the Government of the...

FG Gives Conditions for Accessing N350bn Economy Stimulation Fund

The Federal Government said the N350 billion earmarked for capital projects in the second quarter of this year will only be accessed by Ministries, Departments and Agencies (MDAs) with development plans. Daily Sun learnt that the early provision of the fund was to demonstrate government’s...