Author: Joy Gyakyor
President Bola Tinubu on Tuesday received a ‘Quick Win Report’ on fiscal policy and tax reforms from the Committee tasked with improving the nation’s revenue profile and business environment. Responding to a presentation by Mr. Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, the President commended their work and assured them of his support for the review and implementation of key recommendations. ”I have listened attentively to your report. Charting the critical path forward for Nigeria’s economic recovery is crucial to all of us. I want to say thank you to your delegation,” he…
The Federal Executive Council (FEC) on Monday approved the establishment of a poverty alleviation trust fund, with a projection of attracting $5billion annually to help the administration tackle rising poverty in the country. Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu who stated this while briefing State House Correspondents after the FEC meeting presided over by President Bola Tinubu at the Presidential Villa, Abuja said, the fund would be managed by a governing board. The minister explained that the fund will be raised by the Federal Governing with the support of private sector players and willing international donor…
President Bola Tinubu on Friday appointed Mr. Shaakaa Chira as the substantive Auditor-General of the Federation, as recommended by the Federal Civil Service Commission (FCSC). Special Adviser on media and publicity Ajuri Ngelale in a statement said the President approved Mr. Chira’s appointment after the Federal Civil Service Commission (FCSC) conducted a screening exercise that identified Mr. Chira as the most qualified candidate who had also scored the highest in the examination amongst all qualified candidates for the office. The Presidenf’s approval he said is in exercise powers vested in him by Section 86 of the 1999 Constitution (Amended), President…
President Bola Tinubu on Friday confirmed the appointment of Adewale Adeniyi as the substantive Comptroller-General of the Nigeria Customs Service after he assumed office in June this year. A statement by the office of the Secretary to the Government of the Federation (SGF), said the appointment takes effect from 19th October, 2023 as his tenure is in accordance with the extant provisions of the Public Service Rules (PSR). President Tinububhas tasks new Customs boss to bring his wealth of experience to bear on his new assignment. Adeniyi took over from Hameed Ali, the immediate ex-comptroller-general of customs, appointed by former…
President of the Senate, Godswill Akpabio on Wednesday said that the Red Chambers under his leadership remains matured and will not engage in public display of anger, throwing chairs in fisticuff during plenary while deliberating on issues for the interest of national development. Senator Akpabio who said this after meeting with President Bola Tinubu at the presidential Villa, Abuja said parliamentary discussions are about disagreeing to agree and for the majority to have their way. “In the parliament, sometimes you disagree to agree. We are all working in one accord. There is o problem at all. Even if some people…
President Bola Tinubu on Tuesday flagged-off the Renewed Hope Conditional Cash Transfer programme to deliver financial support to 15 million households as a deliberate effort to address rising poverty in the country. The flag off was announced to mark this years international day for the Eradication of Poverty. Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu who welcomed guests at the event held at the presidential villa, Abuja said that about 62 million Nigerians will benefit from the programme. Recall that the National Bureau of Statistics, NBS, had in November last year announced that about 133 million Nigerians…
The Federal Executive Council (FEC) on Monday approved a Medium Term Fiscal Expenditure Framework (MTEF) and fiscal strategy Paper (FSP) with a budget estimate of N26 trillion for the 2024 Diana coal year. Minister of budget and national planning, Atiku Bagudu told reporters at a press conference in the Presidential Villa after the FEC meeting that the budget proposal will be submitted to the national assembly before December 31st, 2023. Bagudu said the MTEF is the approved period of 2024-2026 medium-term expenditure framework (MTEF) and fiscal strategy papers (FSP). He explained that the executive is required by the Fiscal Responsibility Act…
Benue State governor, Reverend Father Hyacinth Alia has said that his administration is working out a sustainable plan to revisit and clear off a debt of N359billion, being arrears of pensions, gratuities, and salaries owed workers inherited in the State. Alia who spoke to State House correspondents at the Presidential Villa after a closed door meeting with President Bola Tinubu said, a deliberate effort is being made to raise Internally Generated Revenue (IGR), much of which will be directed at paying off the accumulated debt to empower workers who as laborers, deserve their wages. “You will be shocked to hear…
Vice President Kashim Shettima, will depart Abuja today for Beijing, China, to represent President Bola Tinubu at the upcoming 3rd Belt and Road Initiative (BRI) Forum scheduled to hold from 16th -18th October, 2023 Senior Special Assistant on media and communications to the President, office of the Vice President, Stanley Nkwocha in a statement Sunday said Shettima will be joining world leaders from over 130 countries in Africa, Asia, Europe and Latin America at the Forum to deliberate on the theme, “High-quality Belt and Road Cooperation: Together for Common Development and Prosperity.” The Vice President is expected to avail Nigeria…
..…approves establishment of Civil Service Commission for Abuja President Bola Tinubu has approved the withdrawal of the Federal Capital Territory Administration (FCTA) from the unified Treasury Single Account (TSA), with immediate effect. The Federal Government in 2015, introduced the TSA, as a public accounting system, which allows for a single account to ensure all revenue receipts and payments by government agencies are done through a Consolidated Revenue Account, CRA, at the Central Bank of Nigeria. Minister of the FCFA, Nyesom Wike told reporters on Friday that the development will allow the FCT administration have more access to funds for the…