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PIB: Oil Firms To Pay Fine For Gas Flaring

PIB: Oil Firms To Pay Fine For Gas Flaring       Operators in the oil and gas sector involved in gas flaring will be expected to pay a yearly fine to the government for the offence, according to the Petroleum Industry Bill (PIB) before the National Assembly. The...

2021 Budget: Increasing IGR To Stave Off Debt Accumulation

2021 Budget: Increasing IGR To Stave Off Debt Accumulation         Two things that stood out in President Muhammadu Buhari’s 2021 budget presentation at the National Assembly last week are the desire to steer the economy away from racking up debts to increasing its revenue generation capacity...

2021 Budget: MDAs To Get N20bn For Electricity, Local Contractors

2021 Budget: MDAs To Get N20bn For Electricity, Local Contractors       The Federal Government plans to settle the electricity bills of its ministries, departments and agencies with N5bn and offset the debts of local contractors with N15bn in 2021. It also plans to settle ex-workers of the...

Pantami: One Year of Digital Economy Ministry and the Pathway to National Development

Pantami: One Year of Digital Economy Ministry and the Pathway to National Development By Inyene Ibanga     The 23rd day of October, 2019 is going to remain a memorable day in the history of the Federal Ministry of Communications and Digital Economy. On that day, President Muhammadu Buhari...

Buhari To Okonjo-Iweala: We’ll Work More To Ensure You Emerge WTO DG

Buhari To Okonjo-Iweala: We’ll Work More To Ensure You Emerge WTO DG       President Muhammadu Buhari, on Monday, assured former Minister of Finance and Economy, Ngozi Okonjo-Iweala, that he will do all within his power to ensure that she becomes the Director-General of World Trade Organisation. According...

Buhari Allocates N509bn For Pension Liabilities

Buhari Allocates N509bn For Pension Liabilities       President Muhammadu Buhari has appropriated a total of N501.19 billion to offset pension liabilities in the 2021 budget proposal. He made this known during his 2021 Budget Speech: Budget of Economic Recovery and Resilience at The Joint Session of the...