Tag: Increment
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Protest in Ambrose Alli University over 300 percent tuition fees increment
Tension has gripped the Ambrose Alli University, Ekpoma, Edo State, as the National Association of Nigerian Students on Friday protested an over hike of school fees in Ambrose Alli University, (AAU) Ekpoma. The students’ national body, while at the premises of the Nigerian Union of Journalists,Edo State Council demanded the reversal of the over three…
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Ngige reverses self, clears air on increment of workers salaries
Senator Chris Ngige the current Minister of Labour and Employment, has denied reports making the rounds that the federal government has plans to review salaries of workers, saying it was far from true. Ngige said the increase he alluded to with State House Correspondents in Abuja was on the remunerations and emoluments of the affected…
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FG defends proposed 2.2 per cent increment in VAT
The federal government has defended its decision to increase Value Added Tax (VAT) from 5 to 7.5 per cent. There have been loud cries from many quarters kicking against the planned VAT increase based on the recommendation of the Presidential technical advisory committee. But a statement from the Federal Ministry of Finance signed by Yunusa…
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FEC approves 2.2 per cent increment in Value Added Tax
A new Value Added Tax (VAT) of 7.2 percent has been approved for Nigeria by the Federal Executive Council (FEC), Minister of Finance, Budget and Planning, Mrs Zainab Ahmed, has announced. Addressing newsmen after the weekly FEC meeting on Wednesday, the Minister said this increment was subject to an amendment of the VAT act of…
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No provision for minimum wage increment in 2018 budget – FG tells NLC
The Director-General, Budget Office of the Federation, Mr. Ben Akabueze, says the 2018 budget, at present, cannot accommodate the minimum wage as proposed by the Nigeria Labour Congress. He said the Federal Government might go for a supplementary budget to implement the new minimum wage if approved by the law. Akabueze disclosed this at the…