About N3.124 trillion will go into debt servicing next year, according to a Budget Call Circular released by the Budget Office of the Federation (BOF). The debt servicing obligations will be made up of N2.183 trillion for Domestic Debt and N940.89 billion for Foreign Debt. In the document, N220 billion is proposed for Sinking Fund […]
Ministries, departments and agencies (MDAs) have been directed not to make plans for new projects in 2021 by the federal government. The directive which was conveyed in a 2021 Budget Call Circular issued by the Federal Ministry of Finance, Budget and National Planning, came ahead of the preparation of next year’s budget estimates. The circular signed by the […]
International flights would resume on August 29 in Lagos and Abuja international airports, the Federal Government has announced. Minister of Aviation Hadi Sirika stated flight operations would commence in and out of Murtala Muhammed International Airport Lagos and Nnamdi Azikwe International Airport, Abuja. Sirika also noted procedures to be observed by passengers would be announced […]
Nigeria’s umemployment rate increased to 27.1 per cent in the second quarter of 2020 from the 23.1 per cent recorded in Q3 2018. The National Bureau of Statistics which confirmed this in its statement titled ‘Labor Force Statistics: Unemployment and Underemployment Report’ which was released on Friday August 14, added that the number of persons in the economically […]
Wikipedia’s list of failed states has been updated and Nigeria is now one of the countries on the list. The free web-based encyclopedia project which contains information on a wide variety of subjects, described a failed state as a political body that has disintegrated to a point where basic conditions and responsibilities of a sovereign government no longer function properly. It further […]
The World Bank has approved a $750 million loan to the Federal government which is to be used to improve electricity supply in the country. In a statement released today Wednesday, June 24, the World Bank said the loan is for the power sector recovery operation (PSRO) to achieve financial sustainability and enhance accountability in the […]
The government of Chad Republic has made a formal request to the federal government to to connect the country to the Nigerian electricity grid. Chadian Ambassador to Nigeria, Abakar Saleh Chachaimi made the request during a visit to the Minister of Power, Engr. Sale Mamman in Abuja. While the ambassador stressed the historical and economic value of […]
The Federal Government on Monday warned state governments that were planning to reopen schools to drop the plan. The Chairman of the Presidential Task Force on COVID-19 and Secretary to the Government of the Federation, Mr Boss Mustapha, gave the warning during the PTF press briefing in Abuja. Mustapha said it was not yet safe […]
The Federal Government of Nigeria says it is thinking of sectionalising classes for primary, secondary, and tertiary institutions in the country ahead of school reopening amid the coronavirus pandemic. The Minister of State for Education, Emeka Nwajiuba, stated this on Wednesday during a briefing by the Presidential Task Force on COVID-19 in Abuja. The minister, […]
The Federal Government has said 69 stranded persons including 50 trafficked Nigerian ladies arrived in the country from Lebanon on Sunday. The Minister of Foreign Affairs, Geoffrey Onyeama, disclosed this via his Twitter handle while appreciating the Lebanese Government and the Lebanese community in Nigeria for their support in the evacuation process. He wrote – “With the […]