Federal Government

Why We’re Borrowing $17bn From China – FG

February 5, 2020 6:10 am

The Federal Government, yesterday, said it opted to approach the China-Exim Bank for a $17 billion loan request when other lending institutions like the World Bank and the African Development Bank were unwilling to assist.

Minister of Finance, Zainab Ahmed, stated this when she appeared before the Senate Committee on Local and Foreign Debt. She appeared to defend Federal Govern $29.96 billion loan in order to fund critical infrastructure across the country.

She explained that the 8th National Assembly had approved about $6 billion for the Federal Government out of the $29.96 billion loan leaving a balance of $22.8 …

Nestle Nigeria, FG Collaborate To Boost Agriculture

February 4, 2020 4:09 am

The quest by Nestle Nigeria Plc to continue to ensure good nutrition for Nigerians and indeed the West Africa sub-region has seen it engaging the federal government in a collaboration that will boost agriculture and enhance quality of life.

The need for the collaboration came to the fore recently, when the Minister of Agriculture, Alhaji Sabo Nanono, undertook a familiarisation tour of Nestlé Nigeria Plc’s headquarters at Ilupeju, Lagos State.

According to the News Agency of Nigeria (NAN), for over 58 years, Nestle, one of the largest food and beverage companies in Africa, has been delighting consumers in Nigeria with …

FG To ASUU: No Going Back On IPPIS Implementation

February 4, 2020 3:59 am

Federal Government has insisted that there is no going back on the implementation of Integrated Personnel and Payroll Information System (IPPIS) in the public service.

This is coming on the heels of the Academic Staff Union of Universities (ASUU) insistence to embark on strike despite government’s backing down on its earlier decision to pay January salary via IPPIS platform.

The Office of the Account-General of the Federation had asked the finance minister not to release funds meant for January salaries to members of the academic community, saying payments would be made through the IPPIS platform.

The union insisted it was …