Economy

Buhari Is Only Exposing Corruption, Cannot Fight It With Fashola And Amaechi There

Buhari Is Only Exposing Corruption, Cannot Fight It With Fashola And Amaechi There

Economy, Gossip, Politics
Archbishop of the Enugu Anglican Ecclesiastical Province, His Grace, Most Reverend Emmanuel Chukwuma, has said that former governors of Rivers and Lagos States used their states’ monies to sponsor President Muhammadu Buhari in 2015. According to him, that was why they were rewarded with important ministerial roles, with some of them heading three ministries in one. Making the allegation in an interview with Punch, the cleric said Nigerians should not be surprised if former Edo State governor, Adams Oshiomhole is given a ministerial position tomorrow. He said the government would find it difficult fighting corruption because some state governors assisted Buhari to get there using state funds. According to him, “In this government, some people were given three
We Can Not Tell Nigerians How Much It Cost To Treat Mr President Abroad-CBN

We Can Not Tell Nigerians How Much It Cost To Treat Mr President Abroad-CBN

Economy
  The Central Bank of Nigeria and its Governor, Godwin Emefiele, have argued that it was not within their immediate responsibilities to provide information to Nigerians on the treatment of President Muhammadu Buhari or what it cost the country to keep the presidential aircraft and crew for 103 days at the Stansted Airport in the United Kingdom while President Buhari’s medical treatment lasted. They made this know yesterday while opposing a suit requesting them to provide information on the money spent on President Buhari’s treatment in London, United Kingdom. They stated this in their papers filed before the Federal High Court in Abuja in opposition to the suit marked, FHC/ABJ/CS/1142/2017. The suit was instituted by the Incorporated Trustees of Advocacy for Societal R
FG Investigates Alleged N62bn Loot In NSITF

FG Investigates Alleged N62bn Loot In NSITF

Economy
The panel says it will ensure that the perpetrators are brought to book in line with the Buhari-led anti-corruption fight. The panel is to investigate the roles played by the last chairman of the board of the NSITF, Ngozi Olejeme, the former Managing Director of the fund, Mr Munir Abubakar, the four executive directors and two directors, who served under the chairmanship of Olejeme. The Minister of Labour and Productivity, Chris Ngige, who inaugurated the nine-man panel in Abuja hinted that the Federal Government was worried that the finances of the strategic government parastatal had been left in a mess over the years, making it possible for huge cash to be looted easily without any restraint. The minister added that while the Economic and Financial Crimes Commission (EFCC) h...
Missing JAMB N36m: Philomena Chiesche Breaks Silence On The Matter

Missing JAMB N36m: Philomena Chiesche Breaks Silence On The Matter

Economy, Entertainment, Gossip
The embattled Clerk to Joint Admissions and Matriculation Board (JAMB), identified as Philomena Chiesche, has reacted to the report where she claimed that a mysterious snake sneaked into the accounts office and swallowed N36m. DAILY POST reported an investigations where an accounts staff and a lady outside JAMB connived to steal the money “spiritually” through a mysterious snake that always sneak into the office to swallow the money from the board’s vault. But in an interview with CNN, Philomena denied the allegations, adding that she was yet to be questioned about the missing funds. According to Philomena, the board invented the story about the snake and handed her to the authorities. She said “I did not say any money was swallowed by a snake. Nobody ques
N-Power Speaks On Re-Opening Website For Application

N-Power Speaks On Re-Opening Website For Application

Economy
The scheme made the denial while urging Nigerians to follow its official “channels for authentic news.” In a tweet, the scheme also said it’s yet to announce the final beneficiaries of its verified 2017 pre-selection exercise. The statement reads: ”Please NOTE that N-Power has NOT re-opened its website for new applications. ”You will recall that N-Power just physically verified pre-selected applicants from the 2017 application season in December 2017. ”The Final Beneficiaries are yet to be announced and fully engaged. ”Consequently, the information that N-Power has opened its website for new applications is FALSE. ”We urge Nigerians to disregard the false information and follow our verified N-Power channels for authentic news.”
What We Doing About N-POWER: FG

What We Doing About N-POWER: FG

Economy
Minister of Finance, Mrs. Kemi Adeosun, on Sunday said the Buhari government’s Social Investment Programme has created 200,000 jobs via N-Power. She also said 250 million meals had been served under the Home Grown School Feeding Programme. Adeosun added that 300,000 micro loans had been issued under the Government Enterprise and Empowerment Programme. The minister gave the figures while delivering the speech of the Vice President titled ‘Economic Dimensions of National Security: The Nigerian Experience,’ to participants of National Defence College Course 26. Adeosun stressed that improvement in security was vital to Nigeria’s economic growth. She said the Federal Government would continue to play a key role in ensuring national cohesion by promoting social inclusion as a

FG Won’t Divert Capital Project Funds For Elections – Adeosun

Economy
The Minister of Finance, Mrs Kemi Adeosun, said this in a statement signed on Sunday by her Special Adviser on Media and Communications, Oluyinka Akintunde. Adeosun, who represented Vice President Yemi Osinbajo at a lecture delivered to the National Defence College (NDC) Course 26 participants on Friday in Abuja, noted that the government would retain the capital budget in spite of the forthcoming elections. Responding to an inquiry by a member of the NDC Course 26 on the use of the capital budget for the general elections, she maintained that President Muhammadu Buhari’s administration would not engage in the diversion of the capital project funds for the forthcoming elections. “The administration remains committed to infrastructure spending at the high levels of the past two
VP Osinbajo Inaugurates Economic Recovery And Growth Plan

VP Osinbajo Inaugurates Economic Recovery And Growth Plan

Economy
The establishment of the focus labs is expected to further boost economic growth and ensure Nigeria continues its journey of building a competitive economy. The objectives of the Buhari administration’s economic recovery and growth plan include eradicating corruption in government procurement and processes, prudent management of resources, social inclusion, overcoming power constraints and skills shortages, and further promoting private sector inclusion. Following its launch by President Muhammadu Buhari in April 2017, the implementation of the ERGP has seen the country’s economy record significant strides, including its exit from recession last year and improved stability in the fiscal and monetary markets.
FG Pledges To Revive Textile Industry

FG Pledges To Revive Textile Industry

Economy
The minister made the declaration during her visit to the headquarters of the National Union of Textiles Garment and Tailoring Workers of Nigeria (NUTGTWN) in Kaduna state where she highlighted some of the steps taken by the government to revive the sector. In the late 1970 and 80s, the textile sector used to be Nigeria’s foremost industry, being the second largest employer of labour after the government and also utilizing indigenous raw materials such as cotton. The fortunes of the sector started to decline astronomically down the line due to what industry players say was due to the prevailing unprecedented harsh business environment and inconsistent policies. Presently, almost all the textile factories in Kaduna, Kano and Lagos are closed down with many of their workers
This Govt Paying Unemployed Graduate N30,000 Monthly. Adeosun claims

This Govt Paying Unemployed Graduate N30,000 Monthly. Adeosun claims

Economy
She however did not state whether the supposed receivers get the money monthly or annually. Adeosun spoke on Friday in Abuja while receiving a Progress Report by the National Tax Policy Implementation Committee on tax law reforms. She said that the government was laying emphasis on tax because it was the only reliable source of revenue to achieve its developmental goals. “I want to underscore that this government led by Muhammadu Buhari, came in at a time when oil price was as low as 28 dollars per barrel. “This led us in search of a revenue base that is sustainable, predictable and can deliver development and succour to the masses. “One of the functions of the tax system, which many people overlook, is that it is the most reliable tool for government to use to red
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