A total sum of N 1.298 trillion September 2024 Federation Accounts Revenue has been shared to the Federal Government, States and the Local Government Councils. The revenue distribution was announced at the October 2024 meeting of the Federation Accounts Allocation Committee (FAAC), in Abuja. The N1.298 trillion total distributable revenue comprised distributable statutory revenue of...
Category: Business
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BPSR Names Housing Ministry Best Federal MDA in Innovative Use of Technology
….. As Minister Dangiwa Receives Distinguished GovTech Trailblazer Award The Bureau of Public Service Reforms (BPRS) has named the Federal Ministry of Housing and Urban Development “Best Federal MDA in Innovative Use of Technology, 2024. To this end, the BPSR has also honoured the Honourable Minister, Arc. Ahmed Musa Dangiwa, with the “Distinguished GovTech Trailblazer...
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FG PROVIDES UPDATE ON DIRECT PURCHASE OF PMS BY PETROLEUMPRODUCT MARKETERS
The Federal Government has announced a significant milestone in Nigeria’s journey towards a deregulated market structure for Premium Motor Spirit (PMS). The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, disclosed this today in a press statement whichhe personally signed and made available to the Ministry’sInformation and Public Relations Unit...
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NIGERIA AND UK TO DEEPEN COLLABORATION ON CIVIL SERVICE REFORMS
The Head of the Civil Service of the Federation, Mrs. Didi Esther Walson-Jack, OON, mni, met with the British High Commissioner to Nigeria, His Excellency Dr. Richard Montgomery, on Thursday to discuss expanding cooperation in civil service reforms aimed at enhancing productivity and governance in both nations. Mrs. Walson-Jack expressed gratitude to the United Kingdom...
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Dangote, Kogi Gov’t, Cement Ties
…as Company Donates Security Outpost Speaker of the Kogi State House of Assembly Hon. Umar Yusuf has said that Kogi State Government is committed to building a robust relationship with the Dangote Cement Plc. The Speaker made this statement, Thursday, in Lokoja during the handover ceremony of a multi-million-naira Security Outpost built by Dangote Cement...
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Minister of Steel Development lauds President Tinubu’s CNG initiative as Presidential Program handover CNG vehicles, launches Conversion Incentive Program to transporters in Kogi State
…says Ajaokuta to become one of Nigeria’s CNG hubs The Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, has lauded the Compressed Natural Gas (CNG) Initiative of President Bola Ahmed Tinubu GCFR, as the Presidential CNG Initiative (P-CNGI) launched its pilot Conversion Incentive Program and the handover of CNG buses to transporters in Kogi...
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NASENI Showcases Technological Products at Abuja Trade Fair
The National Agency for Science and Engineering Infrastructure (NASENI) is showcasing indigenously developed technological products at the ongoing 19th Abuja International Trade Fair holding at the Abuja Trade and Convention Centre, Umaru Yar’Adua Way, Airport Road, Abuja. This year’s NASENI participation at the annual fair organized by Abuja Chamber of Commerce and Industry (ACCI) is...
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AT LAST: FG SIGN HISTORIC MoU WITH RUSSIAN CONSORTIUM FOR THE REHABILITATION, COMPLETION AND OPERATION OF AJAOKUTA STEEL COMPANY LIMITED AND NATIONAL IRON ORE MINING COMPANY LIMITED*
The Federal Government of Nigeria through the Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu who led a Nigerian delegation to Moscow, Russia from 14th – 21st September, 2024, on a working visit, has signed a Memorandum of Understanding (MoU) with the original builders of Ajaokuta Steel Plant Messrs, Tyazhpromexport (TPE) and members of...
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NNPC Ltd/TotalEnergies’ $550m Ubeta Upstream Gas Project Takes Off
The $550 million upstream gas project involving TotalEnergies and NNPC Ltd for the Ubeta field’s development has begun to move forward.The presidency declared on Tuesday. At the first US-Nigeria Strategic Energy Dialogue, which was organized by the US State Department in Washington, DC, Special Advisor to the President on Energy Olu Verheijen revealed this.Held in...
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FAAC:: FG, STATES, LGCs SHARE N1.203 TRILLION FROM A GROSS TOTAL OF N2.278 TRILLION FOR THE MONTH OF AUGUST 2024
The Federation Account Allocation Committee (FAAC), at its September 2024 meeting chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1.203 Trillion to the three tiers of government as Federation Allocation for the month of August, 2024 from a gross total of N2.278 Trillion. From...