CBN, SEC, Others To Lift Financial Sector With Fresh N1.54trn Investment     Federal Government Ministries, Departments and Agencies, especially financial services regulators are to invest N1.54tn in five years to boost liquidity in the financial services sector. According to the Federal Government National Development Plan 2021-2025, the...

Customs, Immigration, 13 Others Fail To Remit N127.1bn – Audit Report   The Office of the Auditor General of the Federation has disclosed that 15 Ministries, Departments, and Agencies failed to remit N127.13bn revenue to the Consolidated Revenue Fund between 2017 and 2019. The OAuGF made this...

FG Releases N16.7bn For Accrued Pension Rights   The Federal Government has released N16.67 billion for payment of accrued pension rights under the contributory pension scheme, the Director-General, National Pension Commission (PenCom), Mrs. Aisha Dahir-Umar has said. Mrs. Dahir-Umar, who made this known yesterday in a statement,...

FRC Targets N3trn Operating Surplus From MDAs In 2022   The Fiscal Responsibility Commission (FRC) is targeting no less than N3 trillion operating surplus from Ministries, Departments and Agencies (MDAs) next year. When realised, such funds will be remitted into the Federal Government Consolidated Revenue Funds in...

TSA: FG Compiles List Of Erring Banks, MDAs For Sanction   In addition, the federal government has ordered all banks still holding on to government funds “to transfer all remaining balances in the accounts of Federal Government owned MDAs in their custody without express exemption to...

Fed Govt May Extend 2021 Budget Implementation To Next Year   The Federal Government may extend the implementation of capital projects components in the 2021 Appropriation Act till next year following the inability of many ministries and agencies to conclude their procurement process until the last...