Business

Okonjo-Iweala Presents N4.6tr Budget Estimates To N/A Comprising Of 72% Recurrent Expenditure

Okonjo-Iweala Presents N4.6tr Budget Estimates To N/A Comprising Of 72% Recurrent Expenditure

Business December 19, 2013 at 5:44 pm 0 comments

Nigeria’s Finance Minister and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, today presented the 2014 budget estimate of N4.6tr to the National Assembly.
She laid the document on the table before the senators during their plenary, presided over by Senate President

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Hunger Ahead As FG Bans Importation Of Fish… Prices Soaring Already

Hunger Ahead As FG Bans Importation Of Fish… Prices Soaring Already

Business December 15, 2013 at 11:59 am 0 comments

Few weeks after the Minister of Agriculture and Rural Development, Mr. Akinwunmi Adesina, was honoured by Forbes magazine, more Nigerians have taken a swipe at his decision to place a ban on the importation of fish into the country. They are of the opinion that the directive by the Federal Government through the minister is another ploy to deny

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Lagos Accounts For 43% Of N508.2bn States’ IGR In 2012 – NBS

Lagos Accounts For 43% Of N508.2bn States’ IGR In 2012 – NBS

Business December 9, 2013 at 9:32 am 0 comments

The total internally generated revenue, IGR, of the 36 states stood at N508.2 billion in the financial year ended 2012 up from the N457.7 billion generated in the preceding year.
This represents about 10 per cent increase in earnings on year-on-year basis.
Of the total IGR accruals to the sub-national

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Former coordinating minister of the economy under former President Goodluck Jonathan, Ngozi Okonjo-Iweala

FG Waiver Bazaar: Shell, Netco, Guinness, Others Top List Of Multi-Trillion Naira Awardees (DOCUMENTS)

Business, Investigation December 8, 2013 at 2:34 pm 0 comments

The Federal Ministry of Finance has released a list of organisations it granted waivers in the year 2012 and 2013. The new documents purportedly shows how organisations benefited in the new sectoral targeted waiver regime as opposed to the individual targeted policy regime.
In a document seen by The Paradigm,

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Dr. Sam Amadi, NERC Chairman

POWER: 2,859MW Unutilised— NERC

Business December 6, 2013 at 11:03 am 0 comments

The nation’s deteriorating power supply has been blamed on the capacity constraints of the generating companies, GENCOs, resul-ting from under-capacity utilisation.
About 2,859 megawatts are unutilised due to gas shortage as at December 3.
Dr. Sam Amadi, Chairman, National Electricity Regulatory Commission, NERC, stated this in a chat with Vanguard

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FG Evolving Special Intervention Programme To Boost Socio Economic Development In The North East -Pres. Jonathan

FG Evolving Special Intervention Programme To Boost Socio Economic Development In The North East -Pres. Jonathan

Business December 3, 2013 at 11:44 pm 0 comments

President Goodluck Jonathan announced Tuesday in Gombe that the Federal Government is currently evolving an intervention programme specifically targeted at accelerating the pace of socio-economic development in the North-East geo-political zone of the country.
Speaking at the opening of the 2
nd North-East Economic Summit, President Jonathan noted, however, that

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