President Bola Tinubu on Wednesday signed the N2.17 trillion 2023 supplementary budget. The signing of the Supplementary Appropriation proposal by the President followed its passage by both chambers of the National Assembly last week. The proposal, which was approved by the National Assembly, has now effectively become a law, making it possible for the federal […]
The Federal Executive Council (FEC) on Monday approved the submission of a supplementary budget of over N2.1 trillion to the National Assembly for the fiscal year 2023 amid rising public governance expenditure obligations. The FEC approved the N2.176 trillion for presentation to the Legislature during its weekly meeting presided over by President Bola Tinubu. The […]
…Assures Completion Of Ongoing Projects Ogun State Governor, Prince Dapo Abiodun, has assured the people in the state that his administration will provide an additional 10,000 affordable houses and complete all ongoing road projects, including the agro-cargo airport in the next four years. He also promised to refurbish Primary Healthcare Centres in the 236 […]
Ogun State Governor, Prince Dapo Abiodun, has promised that about 200 units of semi-detached, detached, fully detached duplexes and terraces under construction at the Muhammadu Buhari Estate, Abeokuta would be completed and delivered before the end of the year. Abiodun, who hinted that the government was working towards providing affordable houses to all strata of […]
The West African Institute for Financial and Economic Management (WAIFEM), has called on the Federal Government to explore property tax source for improved revenue to meet its growing funding obligations on good governance. The Director-General of the Institute, Baba Yusuf Musa, who gave the charge at the sidelines of the just concluded World Bank/IMF Annual […]
President Bola Tinubu has advised foreign investors to explore for good returns the opportunities in the Nigerian economy through investments. Tinubu made the appeal on Wednesday in New York, when he rang the NASDAQ’s closing bell as part of the proceedings at the Executive Business Dialogue in the United States. Speaking at the event, the […]
The House of Representatives Ad-hoc committee investigating non-remittance to the National Housing Fund (NHF) and utilization of the funds from 2011 has summoned the Chief Executive Officers (CEOs) of the affected 54 insurance companies to make clarification over the alleged non-remittance of N267 billion into the funds, particularly for fiscal 2019 year, The Chairman of […]
….Facilitates $1Bn Third-Party Investments The Nigeria Sovereign Investment Authority (NSIA) has disclosed that it committed $500 million to domestic infrastructure and enabled over $1 billion third-party investments in the country so far. The Managing Director/Chief Executive Officer of the Authority, Mr Aminu Umar-Sadiq, made this disclosure on Tuesday during an investigative hearing of the Ad-hoc […]
The African Development Bank (AfDB) and ICEX Spain Trade and Investment, a Spanish public agency, have signed a cooperation agreement to mobilize Spain’s organized private sector (OPS) investments for urban development in Africa. Specifically, the pact will foster cooperation between the Spanish business entity and the AfDB’s Urban and Municipal Development Fund (UMDF), a multi-donor […]
The National Council on Privatisation (NCP) has approved nine companies to immediately commence a nationwide verification of NIPOST Properties & Development Company Limited, with a view to determining the current titles and ownership status of the properties nationwide. The decision on the entities was taken during the 2nd meeting of the Council this year chaired by […]