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FG budgets N190bn for 2022 census

NPC waiting for presidential proclamation The Federal Government has earmarked about N190 billion for the National Population Commission (NPC) to conduct the long overdue housing and population census in 2022. Chairman, Senate Committee on National Identity and Population Matters, Senator Sahabi Yaú (APC/ Zamfara North), disclosed this yesterday at the National Assembly, Abuja. Yau who […]

Business

Nigeria’s recurrent expenditure hits N28trn in 10 years as Capex suffers setback

Nigeria, Africa’s most populous country and largest economy, may have continued to pay lip service to promises by successive governments to spend more on infrastructural development with less attention on recurrent expenses. Findings by Saturday Telegraph Federal Government spent N11.86 trillion more on recurrent expenditures than it spent on capital expenditure in 10 years. Figures […]

Business

NESG: Prioritising real sector to boost FX inflow

A 2021 Macroeconomic Outlook report from the stable of the Nigerian Economic Summit Group (NESG) revealed that the time is ripe for government to prioritise the country’s manufacturing sector in order to boost forex inflow into the fragile economy. TAIWO HASSAN reports No doubt, the profound challenge caused by foreign exchange scarcity on the Nigeria’s […]

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Senate asks Education Ministry, JAMB, NIMC to suspend use of NIN for exams

The Senate, yesterday, asked the Federal Ministry of Education, Joint Admission and Matriculation Board (JAMB) and the National Identity Management Commission (NIMC), to suspend the compulsory use of the National Identity Number (NIN) as a criterion for writing the forthcoming JAMB examination. The Senate also mandated the Education Minister and the authorities of JAMB and […]

Business

Evaluating economic implication of unsafe schooling

With kidnapping returning to the nation’s centers of learning, Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, last week, rallied stakeholders, members of organised private sectors, state governors and top security officials to a conversation on financing safe schools in Nigeria. ABDULWAHAB ISA reports Financing the safety of the nation’s institutions of learning […]

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Nigeria won’t progress without infrastructure borrowing –Ahmed

…says supplementary budget for COVID-19 vaccination underway Minister of Finance, Budget and National Planning, Zainab Ahmed, has said that Nigeria’s economy will regress and get stunted if the country refuses to borrow to build infrastructures. Ahmed, who said this at a briefing held at the Presidential Villa yesterday, also disclosed that the Federal Government will, […]

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FG: Inflation to remain above single digit

Real GDP to decline by 4.2% Nominal GDP to hit N132.1bn by 2021 The Federal Government has said inflation is expected to remain above single digit over the medium term. It said this is giving the structural issues impacting on the cost of doing business, including high cost of food distribution. The July inflation rate […]

Politics

Controversy over Chinese loans

As the House of Representatives plans to meet with the executive over the controversial loans obtained from China, PHILIP NYAM reviews what has so far transpired and previews possible consequences   In a week’s time, the House of Representatives Committee on Treaties, Protocols and Agreements chaired by Hon. Ossai Nicholas Ossai (PDP, Delta) would host […]

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