The Federal Government has disclosed that it recorded a deficit of N5.33tn between January and August 2022, which is N430.82bn above the prorate level. FG spent N9.56tn from January to August 2022, out of N11.55tn pro rata expenditure projected for the period. Of the N9.56tn spent in eight months, N3.52tn[Read More…]
Author: Godwin Anyebe
Startup Act Will End Youth Harassment, Says Minister
The Minister of Communications and Digital Economy, Prof. Ali Pantami, says the Digital Innovation and Entrepreneurship Council, chaired by the President, Major General Muhammadu Buhari (retd.), would stop law enforcement agencies from harassing youths carrying laptops. Pantami disclosed this to State House correspondents after meeting the President who had recently[Read More…]
We are irresistible because our response time at Limelight Media is great – MD, Taiwo Kareem
Mr Taiwo Kazeem is the Managing Director and Chief Executive Officer of Limelight Media, a media planning and buying agency with a difference. Limelight Media under the leadership of Mr Taiwo has become irresistible to brands because of its DNA for disruption in the media buying industry. Thanks to his[Read More…]
Airtel Africa launches The Voice Africa
Airtel Africa, a leading provider of telecommunications and mobile money services with a presence in 14 countries across Africa announced yesterday its title sponsorship of The Voice Africa at a high-profile event in Lagos, Nigeria. The Voice is the number one competition format music and entertainment show in the world,[Read More…]
WIMBIZ Announces Advocacy Program and Initiative
Women in Management, Business and Public Service (WIMBIZ), a Nigerian non-profit organization that seeks to inspire, empower, advocate, and connect women, has announced the take-off of its Women advocacy program. WIMBIZ has inaugurated a committee to plan and execute advocacy programs on its behalf.Drawing on its extensive women’s community-building history,the[Read More…]
FG Earmarks N30bn For Nigeria Air, New Projects
The Federal Government has earmarked the sum of N29.87bn as working capital for the proposed national carrier – Nigeria Air, and for 46 new projects in the aviation sector. An analysis of the 2023 budget presented to the National Assembly by President Muhammadu Buhari showed the amount allocated for the[Read More…]
Reps, Senators Face Probe Over Illegal Budget Passage
The House of Representatives’ Committee on Public Accounts has confirmed the allegation by President Muhammadu Buhari that some committees of the National Assembly are passing budgets for ministries, departments and agencies of the Federal Government illegally. It was reliably gathered recently that the committee, after making the discovery, wrote to[Read More…]
Finance Minister Insists on more Taxes to Reduce Nigeria’s Debt Burden
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has insisted that only the collection of more taxes and effective blocking of revenue leakages were realistic measures that would drastically cut borrowings and reduce the nation’s high debt burden. Ahmed stated this at a workshop on tax expenditure[Read More…]
Next Govt To Inherit $716m Judgment Debts’
The Presidency of Muhammadu Buhari may pass on at least $715.86m judgment debts to the next administration. The judgment debts were listed as 18 promissory notes in a document titled, ‘Schedule of Promissory Notes Issued by Category as at March 2022’ by the Debt Management Office. According to Investopedia.com, a[Read More…]
IMF, World Bank to Assess Nigeria’s Debt Sustainability
The President of the World Bank Group, David Malpass, has said that the bank will work with the International Monetary Fund to assess Nigeria’s debt sustainability. Malpass said this during the 2022 annual meetings opening press conference in Washington, D.C. recently. He said, “We will work with the IMF on[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]