AUGUST 9TH, 2017
- Hits: 37
Local contractors excluded from $20 billion rail projects
THE Federal Government is breaching its own local content policy in the construction of over $20 billion rail tracks across the country, as indigenous firms are being excluded from the execution of the projects.
AUGUST 10th, 2017
- Hits: 35
NIGERIA APPROVES SPENDING PLAN, LOWERS 2018 GDP FORECAST - BUDGET MINISTER
Nigeria's government approved its medium-term expenditure framework for 2018-2020 on Wednesday, and revised its growth forecast for next year downwards, its budget minister said.
AUGUST 4th, 2017
- Hits: 30
WE’RE ALREADY MOVING OUT OF RECESSION — UDOMA – PAGE 25
•FG projects 2.2% growth this year
The Minister of Budget and National Planning, Senator Udo Udoma, on Thursday said that the country was already moving out of economic recession.
AUGUST 2nd, 2017
- Hits: 31
55% OF VAT REVENUE GENERATED FROM LAGOS –ADEOSUN – PAGE 25
The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday said that 55 per cent of the revenue generated by the Federal Government from Value Added Tax receipts was being collected from Lagos State.
AUGUST 1st, 2017
- Hits: 236
FG adopts automated system for 2018 budget preparation
For the first time since it was acquired over five years ago, the Federal Government will be using the Government Integrated Financial Management Information System for the preparation of the 2018 budget.
JULY 25th, 2017
- Hits: 47
IMF: Nigeria’s Economic Growth to Overtake South Africa Next Year
The International Monetary Fund (IMF) on Monday predicted that the Nigerian economy would expand by 1.9 per cent in 2018, higher than the 1.2 per cent it estimated for South Africa.
JULY 24th, 2017
- Hits: 48
Nigeria will be out of recession before year end, says CBN
The Central Bank of Nigeria (CBN) has assured Nigerians that the current recession they are facing would end before the end of the year, even as it blamed overdependence on importation for the problem.