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FG: Nigeria not yet a Mining Nation

The federal government says that Nigeria, though rich in mineral resources, is not yet a mining nation. The Minister of Solid Minerals Development Dr Kayode Fayemi, made the remarks, at the 5th edition of the International Mining Investment Conference and Exhibition on Nigeria (IMICON) in...

FG Releases Over 50% Vote for Capital Projects

The Federal Government has released over 50 percent capital vote to ministries, departments and agencies (MDAs). Speaking at the 15th meeting of the Joint Planning Board and National Council on Development in Kano, Vice President Yemi Osinbajo said the administration placed high priority on infrastructural...

Osinbajo: We Have Saved N1.4tn by Not Paying Fuel Subsidy

The Vice President, Professor Yemi Osinbajo, has disclosed that the federal government has so far saved the sum of N1.4 trillion for not paying oil subsidy. He also assured Nigerians that very soon, the foreign exchange market would stabilise going by some radical policies already...

Economic Team Yet to Advise President to Seek Legislative Amendments

The Office of the Vice President has said the Economic Management Team has not advised President Muhammadu Buhari to seek executive powers. It said it had been considering several policy options and measures to urgently reform and revitalise the economy. The Economic Management Team his headed...