The newly established Policy Advisory Council (PAC) by President Bola Ahmed Tinubu has proposed the merger of the Federal Inland Revenue Service (FIRS), Nigerian Customs Service (NCS), and the Nigerian Maritime Administration and Safety Agency (NIMASA) into the Nigerian Revenue Service. The members of the (PAC), who include Senator Tokunbo Abiru (chair), Dr. Yemi Cardoso, Sumaila […]
The International Energy Agency (IEA) has charged governments worldwide, particularly African governments, to prioritize their strategies beyond policy measures to strengthen clean energy technology manufacturing as the drive towards cleaner environment continues to gain momentum globally. This recommendation was contained in the recently published ‘State of Clean Technology Manufacturing’ report by the global agency. In […]
The Centre for the Promotion of Private Enterprise (CPPE), one of the leading organized private sector (OPS) advocacy groups, has canvassed key fiscal, monetary and policy reform initiatives that the new President Bola Ahmed Tinubu-led administration should prioritize in its reform agenda to ensure improved socioeconomic well-being for the citizenry and sustainable growth of the […]
KPMG Nigeria, one of the nation’s economic research and professional services firms, has expressed its doubt about the feasibility of President Bola Tinubu’s target to increase the country’s Gross Domestic Product (GDP) growth rate by 6% on average in the next four years. The research firm, in its Issue 8 Flashnotes released on Friday, noted […]
President Bola Tinubu has signed the Electricity Bill, which was passed in July 2022, to repeal the Electricity and Power Sector Reform Act 2005. A source at the Presidential Villa, Abuja who gave this hint on Friday, said that the newly enacted Electricity Act would consolidate all legislations on the electricity supply industry by providing […]
….86mn Nigerians lack access to power supply ….80% of world’s un-served live in Africa A recent report by major international agencies involved in global development has indicated that 86 million Nigerians lack access to electricity, thereby making the country with the largest number of people without electricity access globally. The report, which was compiled […]
President Bola Ahmed Tinubu has directed Service Chiefs and heads of security and intelligence agencies to ruthlessly deal with oil thieves and other criminals involved in vandalizing the nation’s oil assets The President, who gave the order on Thursday, said that his administration would not tolerate such criminal acts that have been undermining the nation’s […]
…says allocation higher than schools and PHCs’ combined budget Tracka, BudgIT’s service delivery promotion platform, has disclosed that a total of N81.7 billion was allocated to the construction of solar street lights in the 2023 FG Capital and Constituency projects. The civil advocacy group reported that the budgetary allocation was higher than the total […]
The National Bureau of Statistics (NBS) has reported that Nigeria’s Tax-to-GDP ratio, which has been hovering between 5% to 6% in the past 12 years, rose to 10.86% by the end of 2021. The Statistician-General of the Federation/Chief Executive Officer of the Bureau, Prince Adeyemi Adeniran, gave these figures in a letter dated 25th May […]
The Bureau of Public Enterprises (BPE) on Tuesday announced a change in dates for the verification of ex-staff of the Power Holding Company of Nigeria (PHCN) and the certified Next-of-Kin (NOK) of the deceased ex-staff who were in service between July 1, 2012 and October 31, 2013, scheduled for Monday, May 15, 2023, to Saturday, September […]