The Office of the Accountant General of the Federation (OAGF) has clarified that the Federal Government has not discarded Remitta as the Central Bank of Nigeria (CBN) approved payment gateway. The OAGF explained that Remitta would rather be integrated into the Treasury Management and Revenue Assurance (TMRAS) alongside other eligible Payment Solution Service Providers (PSSPs)...
Category: Economy
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FG URGES NIGERIAN WOMEN TO LEVERAGE CAPITAL MARKET FOR WEALTH CREATION
As the world celebrates International Women’s Day, the Federal Government has called on Nigerian women to explore investment opportunities in the capital market, emphasizing its potential as a strategic pathway to wealth creation. The Honourable Minister of State for Finance, Dr Doris Uzoka-Anite, made the call today in Abuja during the official launch of the...
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Borno Gov orders 2-year tax waiver for flood victims, others
By Achadu Gabriel, kaduna Borno State Governor, Babagana Umara Zulum, has approved a two-year tax waiver for traders who were affected by the September 2024 flood disaster and Maiduguri Monday market traders. A statement Sunday by his media aide said, Zulum granted the waiver to ease financial burden and encourage business growth. “The devastating flood...
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N57bn NPA Contract Saga: What Malami SA told me before 2023 handing over -Contractor Otokpa
By Achadu Gabriel, kaduna As the contract squarble lingered on, Mr. Emmanuel Otokpa, the main contractor awarded N57 billion contract in Nigeria Port Authority (NPA), has made another startling revelations, alleging that NPA moved the contract funds from Port Authority account to another account before the circular stopping movement of money from agencies accounts, when...
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NIGERIA COMMITS TO PROTECTING EDUCATION, WELCOMES GLOBAL EXPERTISE
The Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite has reaffirmed Nigeria’s commitment to protecting education, emphasizing that education is an investment, not expenditure. The Minister made this statement while receiving Michela Ranieri, Global Consultant for the Safe Schools Implementation Network, who paid her a courtesy visit in her office in Abuja. Education is...
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WALE EDUN CHAMPIONS GLOBAL ECONOMIC STABILITY, SUSTAINABLE DEVELOPMENT AT G20 SUMMIT
In a significant move to bolster Nigeria’s position in the global economy, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun hasreaffirmed the country’s commitment to global economic stability, sustainable development, and financial resilience. At a meeting with global international financial leaders at the G20 Finance Ministers and Central Bank...
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FG, STATES, LGCs SHARE N1.703 TRILLION JANUARY 2025 REVENUE
A total sum of N 1.703 trillion, being January 2025 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils. The revenue was shared at the February 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja. The N1.703 trillion total distributable revenue comprised distributable statutory revenue of N749.727...
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AGF CHARGE FPOs To BE FINANCIAL PRUDENCE AND EMBRACE THE NEW FINANCIAL REFORM INITIATIVES
The Accountant General of the Federation, Dr. (Mrs.) Oluwatoyin Sakirat Madein FCCA FCA has Charged Federal Pay Officers (FPOs) to be Financially Prudent and embrace the new financial reform initiatives in the discharge of their duties. The AGF also reiterated her mandate to Federal Pay Officers to ensure that Federal Ministries, Departments and Agencies (MDAs)...
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NIGERIA RECORDS 3.84% GDP GROWTH IN Q4 2024, FASTEST PACE IN THREE YEARS
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has applauded the latest Gross Domestic Product (GDP) figures released by the National Bureau of Statistics (NBS), showing Nigeria’s economy grew at its fastest pace in three years. According to the NBS report, GDP expanded by 3.84% year-on-year in the fourth...
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FG REAFFIRMS COMMITMENT TO CREATING CONDUCIVE ENVIRONMENT FOR PRIVATE SECTOR INVESTMENT
The Federal Government has reaffirmed its commitment to creating an enabling environment for the private sector-led investments to thrive in order to boost economic growth in the country The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, gave the assurance in his office in Abuja when he received Mr. Anil...