Tag: Federal Government
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Kanu discontinues case against federal government
The Federal High Court Abuja, has stopped a suit filed by the Leader of the Indigenous People of Biafra, Nnamdi Kanu against the Attorney-General of the Federation Abubakar Malami and the Director-General of the National Intelligence Agency, Ahmed Abubakar. Kanu had filed the suit through his Special Counsel, Aloy Ejimakor seeking, among other reliefs,…
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FG records N5.33tn deficit in 8 months
The Federal Government incurred a deficit of N5.33 trillion between January and August of 2022, amounting to a deficit of N5.33 trillion for the period, which is N430.82 billion more than the prorate threshold. From January to August 2022, the government spent N9.56 trillion out of the pro rata N11.55 trillion budgeted for the period.…
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Rate hikes may trigger recession, W’Bank warns FG
The World Bank Group has warned Nigeria as well as other developing economies that simultaneous rate hikes in response to increasing inflationary pressure may trigger a global recession and a string of financial crises. In its new study titled “Risk of Global Recession in 2023 Rises Amid Simultaneous Rate Hikes,” the Washington-based bank…
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FG refuses ASUU’s demand to pay backlog of salaries
The Federal Government on Thursday insisted that it will not cave-in to the demand of the members of the Academic Staff Union of Universities to be paid the backlog of salaries withheld during the ongoing strike. It described the no-work-no-pay policy as the only hindrance in the negotiations between the Federal Government and ASUU. The…
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Cooking gas: Experts urge FG to halt increase, leverage domestic potential
Some Oil and Gas experts have advised the Federal Government to fully leverage on our domestic potential to end the incessant hike in price of Liquefied Petroleum Gas (LPG). The experts also called for a better storage capacity of LPG, otherwise known as cooking gas to save the country from the repercussions of international market…
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FG to allocate $200m for creation of 780 agricultural service centres — Osinbajo
The Vice President, Prof. Yemi Osinbajo, says the Federal Government is to allocate $200 million for the creation of 780 Agricultural Service Centres to serve as catalysts for training and equipment sharing, under the Nigeria-Brazil bilateral development programme. The Vice president, who was represented by the Secretary of the Federation, Mr. Boss Mustapha, said this…