federal

No More Reliance On Federal Allocation In Oyo - Makinde

No More Reliance On Federal Allocation In Oyo – Makinde

October 21, 2019 10:26 am

Oyo State Governor, Mr. Seyi Makinde, yesterday said the era of going cap in hand to beg for federal allocations would soon be over in the state.

Makinde, in a statement by his Chief Press Secretary, Mr. Taiwo Adisa, made the declaration during a thanksgiving service held at the Living Faith Church (Winners Chapel) in Bashorun, Ibadan.

The governor added that the idea of relying solely on federal allocations would soon be a thing of the past in Oyo State, as, according to him, the state’s Internal Generated Revenue (IGR) would be drastically improved through enhanced tax collection procedures.…

Federal Government Insists On Review Of Broadcasting Code

Federal Government Insists On Review Of Broadcasting Code

October 21, 2019 6:29 am

The Minister of Information and Culture, Alhaji Lai Mohammed has stated that no amount of attacks, sponsored or otherwise, will stop the implementation of approved recommendations on reform of broadcasting code.

The minister stated this yesterday at a meeting with Online Publishers in Lagos.

“Let me be straight: No amount of attacks, sponsored or otherwise, will stop the implementation of the approved recommendations.

“Only non-patriots and anarchists will kick against measures aimed at putting an end to fake news and hate speech, especially in our broadcast industry.

“Only those who are guilty should be afraid of the efforts to sanitise …

Buhari Threatens States, LGAs Frustrating Federal Projects

Buhari Threatens States, LGAs Frustrating Federal Projects

October 20, 2019 7:10 am

President Muhammadu Buhari Saturday in Abuja warned state governments and communities allegedly frustrating the execution of federal projects in their domains to desist or risk having such projects relocated.

According to a statement by presidential spokesman, Malam Garba Shehu, such states and communities create unnecessary impediments over the allocation of lands or access to such lands for the execution of federal projects.

“The idea of chasing away contractors on-site or making undue demands from them by local communities or the deliberate actions of State governments to frustrate the allocation of lands for federal projects is an antithesis of the people’s …

Federal Government, Labour Resume Minimum Wage Talks Today

Federal Government, Labour Resume Minimum Wage Talks Today

October 15, 2019 2:39 am

• Implementation date remains April, negotiation end November, says Ngige
• Thousands of workers face bleak Xmas over biometrics

The Minister of Labour and Employment, Chris Ngige, has assured the Labour Union that despite the delay in negotiation of consequential adjustment, the take-off date for the implementation of the new minimum wage is April 18, 2019 when President Muhammadu Buhari signed the bill into law.

Speaking ahead of resumption of discussion today in Abuja, the minister hinted that government desires to end negotiation on the consequential adjustment before the end of next month to allow for smooth implementation of …

Anambra: Lawyer Faults Car Gift To Federal Security Teams

Anambra: Lawyer Faults Car Gift To Federal Security Teams

October 14, 2019 11:39 pm

Activist and lawyer, Tochukwu Nweke, has condemned the donation of 111 vehicles and 77 motorcycles, equipped with Closed Circuit Television (CCTV) cameras, by Anambra State government to security agencies in the state at the weekend.

Speaking to Newsmen yesterday, he described the gesture as playing Santa Claus by a proverbial mouse.

The vehicles were for monitoring and tracking criminals in the state.

Governor Willie Obiano had while presenting the security apparatuses to the Inspector General of Police (IGP), Abubakar Adamu, at the second phase of ‘Operation Nkpochapu’, also launched the Smart City Security Surveillance System.

The system will complement Federal …

ASUP Issues 21-Day Strike Notice To Federal Government

ASUP Issues 21-Day Strike Notice To Federal Government

October 12, 2019 4:33 am

The Academic Staff Union of Polytechnics (ASUP) yesterday issued a 21-day ultimatum to the federal government to either address its demands or face indefinite industrial action.

Rising from the 96th National Executive Council Meeting of the union held at the Federal Polytechnic Oko, Anambra State, the union said the notice became imperative following government refusal to respond to several correspondences on the issues in disagreement.

Reading out the resolution of the union yesterday ASUP President, Usman Y. Dutse asked all organs and chapters to begin mobilisation form the engagement as the union pursue the onerous task of rescuing the sector …

Federal Government Cannot Pay The New Minimum Wage - Ngige

Federal Government Cannot Pay The New Minimum Wage – Ngige

October 4, 2019 12:38 am

The Minister of Labour and Employment, Dr Chris Ngige, Thursday stated that the federal government would have to lay off workers to be able to meet a wage bill of ₦580 billion needed to meet labour’s demand on the new minimum wage.

Ngige told labour leaders in Abuja that the sum was what would be needed by the government to pay the consequential adjustments as demanded by labour.

The News Agency of Nigeria (NAN) reported that the minister’s announcement is the latest in the increasing drama over payment of the new wage.

Ngige was speaking when the leadership of …

Federal Government’s Domestic Debt Rises By ₦1.26tn

Federal Government’s Domestic Debt Rises By ₦1.26tn

October 3, 2019 3:36 am

The Federal Government’s domestic debt outstanding rose by ₦1.26tn to ₦13.41tn as of June 2019, over the figure for the corresponding period of 2018.

This was disclosed in the Central Bank of Nigeria’s half-year report on Federal Government’s domestic debt.

Part of the report read, “The total domestic debt outstanding at the end of June 2019 stood at ₦13.41tn, representing an increase of ₦1.26tn or 10.38 percent, over ₦12.15tn in the corresponding period of 2018.”

It explained that the debt stock during the review period comprised the Federal Government of Nigeria’s bonds worth ₦9.69tn or 72.26 percent, Nigerian Treasury Bills …

Federal Government To Raise ₦1.07tn In Order To Fund Budgets

Federal Government To Raise ₦1.07tn In Order To Fund Budget

September 29, 2019 1:34 am

The Federal Government is planning to raise about ₦1.07tn from the sale of property and businesses in the next three years to shore up dwindling revenues.

The money, according to investigations by News Agency will be used to fund the 2020, 2021 and 2022 budgets partly.

This is just as government battles overwhelming domestic and foreign debts as it seeks funds to implement its budgets.

The Federal Government disclosed the plan to sell the assets in the 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper being worked on by the Senate Committees on Appropriation and Finance.

According to the …

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