73,000 Lagos workers under insurance coverage as Alausa pays N2bn premiums
Onome Amuge & Zainab Iwayemi
August 24, 2021
By Onome Amuge & Zainab Iwayemi A total of 73,000 people in the workforce of Lagos State are fully under insurance coverage as Government House, Alausa, Ikeja says it has paid N2 billion to cover both life and non-life insurance premiums for the workers. The premiums paid by the state are up-to-date as they […]
Oyo State denies retaining N715m education intervention funds
Onome AmugeAugust 19, 2021
By Onome Amuge The Oyo State government has debunked reports claiming that it has failed to release N715 million counterpart funds for Universal Basic Education Commission/SUBEB Year 2020 Intervention Projects. Nureni Adeniran, executive chairman, Oyo State Universal Basic Education Board, who refuted the allegations, maintained that the state has, in fact, paid counterpart funds […]
Nigeria joins International Coffee Organisation after ratifying membership, 2007 agreement
Onome AmugeAugust 19, 2021
By Onome Amuge Nigeria has officially become a member of the International Coffee Organisation (ICO), having completed membership procedures of the 2007 ICO agreement. The development came after President Muhammadu Buhari ratified the agreement on Thursday, following the Federal Executive Council (FEC) approval of Nigeria’s membership. Garba Shehu, senior special assistant to […]
Nigeria’s voters registration hits 1.9m but only 6.5% complete online process, says INEC
Zainab IwayemiAugust 18, 2021
Youths dominates applicants list Osun State tops with highest registrants The Independent National Electoral Commission (INEC) has said that the total pre-registered Nigerians for the continuous voters registration has reached about 1.9 million, 78.5 percent of the total 2.4 million applications received so far since the commencement of the exercise on 28th, June […]
Nigeria’s FEC votes N21bn for aviation, education projects
Onome AmugeAugust 18, 2021
By Onome Amuge Nigeria’s federal executive council, (FEC), has approved N21.1 billion for execution of projects in the aviation and education ministries, as well as four federal agencies. The development was disclosed to newsmen at the end of the FEC virtual meeting chaired by President Muhammadu Buhari at the Presidential Villa,Abuja. Hadi […]
Nigeria’s 2022 budget has inbuilt N4.89trn deficit finance borrowing
Charles AbuedeAugust 18, 2021
Finance minister says looking at internal, external sources Nigeria’s proposed budget for fiscal 2022 has an inbuilt deficit of N5.62 trillion, for which Zainab Ahmed, the finance minister, says N4.89 trillion of that would be financed through borrowing from internal and external sources, it has emerged. The total spending plan for fiscal […]
Rivers moves swiftly with new law for VAT collection as FIRS appeals ruling
Ben EguzozieAugust 18, 2021
Move could potentially push other states into seeking VAT haul-in Smarting from a legal victory over the authority on collection of value added tax (VAT) proceeds, Rivers State has moved swiftly to enact a state law empowering its internal revenue agency, the Rivers Internal Revenue Service (RiRS) to collect the tax across the […]
FMARD to boost output with more gum arabic processing centres
Onome AmugeAugust 18, 2021
By Onome Amuge The Federal Ministry of Agriculture and Rural Development (FMARD) is planning to establish two additional gum arabic processing centres in Kano and Borno States this year to enhance processing of the commodity in the world’s third largest producing country, after Sudan and Chad. Karima Babangida, FMARD director, made the disclosure while […]
RMAFC considering N102bn demand by Plateau State for agriculture, solid minerals
Onome AmugeAugust 12, 2021
By Onome Amuge The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), has assured the Plateau State government that the N102 billion investment it demanded to facilitate development of its agriculture, solid minerals and tourism sectors would receive the attention it deserves. The commission, led by Yuguda Dubal, its chairman, made the pledge to […]
Nigeria ramps up tax collection with N864.72 in six months
Charles AbuedeAugust 11, 2021
Gets boost from growth in tax collection Nigeria’s tax collection strategy continued to pay off in recent times with a joint report by the National Bureau of Statistics (NBS) and Federal Inland Revenue Service (FIRS) in the first half of the year showing a ramp up in quarterly numbers. For instance, a 17.42 […]