The African Development Bank (AfDB) has initiated a new regional and global effort to transform the African Savannah from a “Sleeping Giant” to the cradle of the continent’s green revolution. The Bank’s Vice-President for Agriculture, Human and Social Development, Jennifer Blanke, who made this remarks while addressing an audience at the sidelines of the recently ended […]
The Auditor-General for the Federation (AuGF), Anthony Mkpe Ayine, has charged auditors in the country, especially those at the public service at national and sub-national levels, to ensure that their work impacts positively on the country. The AuGF, who pointed out that purpose of audit remained to add value to the system, gave the charge […]
Lawmakers in the House of Representatives on Wednesday called for the prosecution of indicted persons on the looting the finances and property of the defunct Nigeria Airways, estimated at over N60 billion. The estimated N60 billion loot was based on the findings of the Justice Obiora Nwazota Commission of Inquiry set up by former President […]
The Ministry of Budget and National Planning has expressed some concerns about the nation’s revenue situation, saying that there is the urgent need to improve the efficiency of revenue collection to avert plunging the country into debt trap. The Director of Budget in the Ministry, Ben Akabueze, who raised the concern on Wednesday disclosed, for […]
A a development economist with expertise in political economy analysis, Dr Neil McCulloch, has advocated a six-point strategic approach that could help in improve Nigeria’s tax system, especially increasing the non-oil tax revenue collections as a ratio of GDP for development. McCulloch set the fiscal agenda at the panel session on “Leveraging Domestic Resource Mobilization […]
The Federal Executive Council on Wednesday approved the 2019-2021 Medium-Term Expenditure Framework and Fiscal Strategy Paper in furtherance of the Federal Government’s efforts to consolidate on the modest mileage recorded on the nation’s economic recovery drive. In addition, the council approved also the government’s proposed N8.73 trillion budgetary provisions for the 2019 fiscal year. The […]
The Ag. Director General of the Securities and Exchange Commission (SEC) Ms. Mary Uduk at the weekend said that a more organized Commodities Exchange Market in the country would enhance efficiency and fast-track the nation’s economic development. The Acting Director General made this remark when she received members of the Commodities Trading Ecosystem Implementation Committee in […]
The International Air Transport Association (IATA) and the United Bank for Africa (UBA) Plc have announced their collaboration on a new financial settlement system for airlines and travel agencies. The new system, the New Generation of IATA Settlement Systems, is an improvement on the current billing settlement plan and a programme to deliver faster, safer […]
The Federal Government has said that more than 200,000 Micro Small and Medium Enterprises, (MSMEs) will benefit from its Energizing Economies Initiative being implemented by the Rural Electrification Agency(REA). This is even as the initiative is expected to create over 2,500 jobs and reduce carbon emissions by 25,000 metric tonnes annually. The agency’s Director of Promotions, Ayang […]
President Donald Trump has assured that the tax break for 401(k)s, a sort of retirement security contribution, would not change under the tax overhaul proposal he wants to get through Congress. The 401(k) contributions are typically pre-tax, meaning that a taxpayer’s taxable income is reduced by the amount he/she puts into the 401(k) account. All contributions […]