The federal government’s debt service to revenue ratio has increased to 183 percent in the first quarter of 2023. This information was revealed in the budget implementation report for the same period.The report highlights that the government had initially budgeted…
International non governmental Organization, The Lions Club International, has pledged its commitment to assist the Nigerian government in curbing the harsh effect of the fuel subsidy removal on citizens, particularly those in rural parts of the country. Speaking to NewsDirect…
…As Minister pledges to respect CBN autonomy, Ways & Means borrowing limit The Federal Government of Nigeria is eyeing a $1.5billion World Bank loan to finance the country’s budget. This follows the falling oil prices and shortfall of production projected…
In this interview, the Managing Director and Chief Executive Officer, Industrial & Medical Gases (IMG) Nigeria PLC, Mr Ayodeji Oseni, offers some tips on the policies that the Federal Government can initiate to drive activities in the industrial and manufacturing…
The Federal Government of Nigeria through the Ministry of Communications, Innovation and Digital Economy has launched the 3MTT programme targeting the training of 30,000 Nigerians in 3 months. The Minister of Communications, Innovation and Digital Economy made this known via…
The House of Representatives has urged the Federal Government to declare a state of emergency in the health sector and allocate significant votes to it in the 2024 budget estimates. This followed a motion by Rep. Fayinka Oluwatoyin (APC-Lagos) during…
The Minister of Works, Senator Dave Umahi, has given contractors with abandoned projects two weeks to return to site or face sanctions. The Minister made this known on Wednesday when he rolled out the Federal Government’s fresh guidelines for the…
In an effort to curb the brain drain in Nigeria’s health sector, the Federal Government has approved the engagement of retired health workers, mostly medical doctors, nurses, and other clinical healthcare workers, on contract basis. In a circular dated October…
The Minister of Innovation, Science and Technology, Chief Uche Nnaji on Friday said Nigeria must increase production to strengthen the naira and boost the economy. Nnaji stated this at a news conference on readiness for implementation of Presidential Executive Order…
By Sodiq Adelakun The Federal Government of Nigeria paid a staggering interest of N912.32bn in the first quarter of 2023 on loans obtained from the Central Bank of Nigeria through Ways and Means Advances. This alarming figure, disclosed in the…
