Category: Economy
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SERAP to FG: Explain why Nigerians still drink contaminated water despite budgetary allocations
Socio-Economic Rights and Accountability Project (SERAP) has requested Engr. Suleiman Adamu, Minister of Water Resources and Rural Development to “explain why Nigeria’s water and sanitation infrastructure has continued to deteriorate and millions of Nigerians have to resort to drinking water from contaminated sources with deadly health consequences, despite the authorities claiming to have spent trillions…
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Interdependency of nations key to economic advancement – Dakuku
The Nigerian Maritime Administration and Safety Agency (NIMASA) has said that no nation can attain sustainable growth and development relying on herself and/or single source of revenue as world economies are now consciously or unconsciously competing among themselves in terms of advancement and development indices. The Director General of the Agency Dr. Dakuku Peterside made…
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Sukuk fund yields expected results in Yobe – Works Controller
Mr Olusegun Akinmade, the Federal Controller of Works in Yobe State says the injection of Sukuk fund into the Federal Government ongoing road project in the state is yielding expected results. Akinmade said this on Sunday in Potiskum during an inspection of the ongoing federal government road projects in the Northeast. Sukuk are Islamic bonds,…
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President Trump threatens to tax European auto imports
U.S. President Donald Trump kept up pressure on trading partners on Saturday, threatening European automakers with a tax on imports if the European Union retaliates against his plan to slap tariffs on aluminum and steel. Trump’s tweet suggested he is refusing to yield to U.S. business interests and foreign trading partners alarmed at the prospect…
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Bayelsa Govt records N1.4bn increase in Feb. salary
The Bayelsa Government says it will spend N3.5 billion for the payment of civil servants salary in February against the N2.9 billion spent for January salary in the state. Gov. Seriake Dickson disclosed this through his deputy, retired Rear Admiral Gborigbiogha John-Jonah. He spoke on Wednesday in Yenagoa during the monthly transparency briefing to outline…
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Growing the Nigerian economy through the mobile & telecom sector
Undoubtedly the giant of Africa – with an estimated population of 194 million people, Nigeria remains the largest mobile market in the continent – and still has more potential for growth and for competing on a level-playing ground with the developed nations. Although the economic growth of the country might not be as fast-paced as…
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FG economic policies bearing positive fruits, says KADCCIMA President
Muheeba Dankaka, President, Kaduna Chamber of Commerce, Industry, Mines and Agriculture (KADCCIMA), has commended the Federal Government for banning the importation of goods and service the country has comparative advantage. Dankaka said at the opening of the 39th Kaduna International Trade Fair on Saturday in Kaduna, that other measures taken by the government to improve…
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FG gets global support against tax evasion
The Federal Government has secured a global commitment to fight tax evasion through having access to the financial accounts of Nigerians outside the country. Head, Organisation for Economic Cooperation and Development (OECD) Global Forum on Exchange of Information, Ms Monica Bhatia, stated this following a meeting with Nigeria’s Minister of Finance Kemi Adeosun. The meeting…
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FG to double tax to GDP ratio in 2yrs – Adeosun
The Federal Government is committed to doubling Nigeria’s tax to Gross Domestic Product (GDP) ratio from its current six per cent to 12 per cent by year 2020. The Minister of Finance, Mrs Kemi Adeosun, said in an interview with the News Agency of Nigeria (NAN) in New York that Nigeria was among the lowest…
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FIRS seals 2 companies over N8bn tax debt in Delta, Edo state
Officials of the Federal Inland Revenue Service (FIRS) on Wednesday sealed two companies in Delta and Edo over N8 billion tax debt. The Leader of the enforcement team, Mrs Anita Erinne, said the companies were sealed over failure to remit over N8 billion taxes payable to the Federal Government. She said that one of the…