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Federation Account: How They Share: N796 in April 2012

The Economic Confidential magazine provides here the distribution of a total sum of N796 billion being the statutory and VAT allocations shared to all tiers of government at the meeting of the monthly...

Labour Minister Advocates Paradigm Shift in Industrial Relations

The Minister of Labour and Productivity, Emeka Wogu, has affirmed that the Federal Government has resolved to pursue a paradigm shift from adversarial position of industrial relations practice to a mo...

Transport Ministry inaugurates FOI Implementation Committee.

The Federal Ministry of Transport has officially inaugurated its Freedom of Information Act (FOIA) implementation committee with a charge to adhere strictly to guidelines governing the compliance with...

FG Allocates N6bn for Purchase of Vaccines for Routine Immunization

Minister State for Health Dr. Muhammad Ali Pate has said that the Federal Government of Nigeria has allocated the sum of 6Billion Naira for the procurement of routine vaccines against child killer dis...

President Jonathan Launches Cassava Bread

President Goodluck Ebele Jonathan has called on Nigerians to join hands with the government to unlock the economic potentials of the nation by embracing locally produced products and stated that his a...

Southerners to Benefit from Almajiri Education- VP

The Vice President, Arc Mohammed Namadi Sambo, has said that a meeting with State Governors and traditional rulers has been convened as a forum to consider and agree on ways of extending the Almajiri ...

EU/FG to Expend 71 million Euro on Micro-Project in Niger Delta

The Minister of National Planning Commission, Dr Shamsudeen Usman has disclosed that more than 71.5 million Euros would be spent on Micro-Project Programme (MPP9) in the Niger Delta region.He said the...

Nigeria Made N428bn From Non-Oil Export In One Year -Aganga

The Minister of Trade and Investment Olusegun Aganga has pointed out that Nigeria made  N428bn from non-oil export in the last one yearThis feat, he said, was achieved through proactive trade policies...

Re: A Suit Against CBN by Victor Dike

The attention of the Central Bank of Nigeria has been drawn to reports in the media regarding a suit against the Governor, Sanusi Lamido Sanusi, by one Victor E. Dike, who is said to be a professor of...

British Media: Friend or Foe?

IntroductionOne of the key aims of the media is to inform and educate the people. But in recent years there has been a debate on whether the media is fulfilling its role as the fourth estate of the re...

What happens if Nigeria runs out of oil?

Perhaps, more than any other phenomenon known to humankind, the Pleistocene epoch, sometimes referred to as the Ice Age, has been responsible for shaping and reshaping the construction of the earth. S...

The North that southerners don’t know

THE general belief held by most southerners about the North is that the region is not just mainly Muslim, but wholly Muslim. Whenever I meet someone from the South and introduce myself, I am correctly...

General Buhari and political mentorship

One of the political stories that dominated the pages of Nigerian newspapers in the last few days was the debate on whether General Muhammadu Buhari should contest the 2015 presidential election. Clea...

FIRS boss deserves higher office

I had never met her before, but had seen her picture gracing the pages of many a newspaper in Nigeria, and seen her on TV, and admired her professionalism from a distance.  So when about three weeks a...

Much Ado About A Village Church

You will probably be wondering why I am writing so late after the news of this issue, but you see, I don’t move with the herd sometimes. It is, in most cases, with my experience, very prudent to back ...

NEXIM as catalyst for Nigeria’s economic renaissance

The portraits of economic and financial news coming out of Nigeria in recent days are blurring. The House of Representatives’ probe of the country’s oil subsidy regime from 2009-2011 uncovered a cessp...

That New Nysc Posting Policy

The critical post-war challenges accompanied the civil war which lasted between 1967-1970,led to the establishment of the National Youth Service Corps (NYSC)in 1973 by the then Military Regime of Gene...

Budget Differential: How They Share N152bn in March 2012

The Economic Confidential provides in the table below the distribution of N152, 745,169,619.59 from Foreign Excess Crude Account being the differential between budget & actual revenue generation...




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NEMA Offers Automatic Scholarship for Corps Member on DRR

NEMA Offers Automatic Scholarship for Corps Member on DRR

The Director General of National Emergency Management Agency (NEMA), Muhammad Sani-Sidi has offered a scholarship award to a youth corps member, Abubakar Jimoh who was recognized for advocacy campaign...

FG, Medecins Sans Frontiere (MSF) join forces against lead poison in Nigeria

FG, Medecins Sans Frontiere (MSF) join forces against lead poison in Nigeria

Federal Government of Nigeria in collaboration with Medicins Sans Frontieres MSF (Doctors without Borders) have organized international conference on lead poison where major stakeholders in the health...

Freedom Of Expression: Between Gen. Azazi and Gen. Gantz

Freedom Of Expression: Between Gen. Azazi and Gen. Gantz

Freedom of expression is essential in every civilized society so long as it does not harm individuals’ character or malign institutional reputations through false and misleading information. It is a f...

Full Disclosure: Azazi open up on Boko Haram, PDP and the North

Full Disclosure: Azazi open up on Boko Haram, PDP and the North

The National Security Adviser, Gen. Andrew Owoye Azazi, suddenly found himself in the eye of the storm after he spoke extempore at the recent South-South Economic Summit in Asaba, Delta State on some ...

Tribute to Omoigui Okauru

Tribute to Omoigui Okauru

Once you ask Ifueko Omoigui to speak about higher values, you cannot fail to be swayed or moved by her altruism- an altruism that is true and touching, the passion for her job and people and her unrel...

Between Terrorism and Corruption

Between Terrorism and Corruption

I am pleased to share my thoughts about two issues that confront our nation – terrorism and corruption. As a well-known opposition figure, I want to state clearly that the views expressed here are min...

Dr. Ngozi Okonjo-Iweala

Dr. Ngozi Okonjo-Iweala

Dr. Ngozi Okonjo-Iweala is a woman of substance, a Nigerian model of excellence and African pride. She is an individual that has proven that the best can come from Africa in term of qualification, com...

Federation Account: How They Share $1bn and N993.6bn in March 2012

Federation Account: How They Share $1bn and N993.6bn in March 2012

March 2012 was another month of Jumbo allocations when the tiers of government in Nigeria, Federal States, and LG Councils shared a total sum of $1 billion and N996 billion from four different oil rev...

Nigeria Should Look Beyond Oil Revenue Now- World Bank Country Director

Nigeria Should Look Beyond Oil Revenue Now- World Bank Country Director

The World Bank Country Director in Nigeria, Ms Marie Francoise Marie-Nelly is barely a year on the current post but her activities towards development of various sectors of the economy is widely felt....

Britain and Germany Provides Billions of Naira to Nigeria

Britain and Germany Provides Billions of Naira to Nigeria

The British government has approved N61bn for development programmes in Nigeria while Germany also provided N3 Billion for renewable energy and job creation. The development where disclosed recently...

Islamic Bank Invests Heavily in Nigeria’s Economy

Islamic Bank Invests Heavily in Nigeria’s Economy

The Islamic Development Bank (IDB) has continued to invest billions of Nigeria into the Nigeria’s economy. The Vice President of Nigeria, Arc Mohammed Namadi Sambo testified to the development when he...

New Posting of Perm Secretaries: An Officer in Multi-Billion Naira Pension Scam also Affected

 New Posting of Perm Secretaries: An Officer in Multi-Billion Naira Pension Scam also Affected

With the recent scandals involving top public officers in some agencies of government, President Goodluck Jonathan has approved new posting of 16 Federal Permanent Secretaries.The Head of the Civil Se...

Windfall of N921 billion Shared to Tiers of Government in February 2012

Windfall of N921 billion Shared to Tiers of Government in February 2012

It was another season of windfall when the tiers of government shared a total sum of N921 billion from different sources of revenue at the last meeting of the Federation Account Allocation committee (...

Why Corpers Should Go to Farms and Rural Areas- Youth Minister

Why Corpers Should Go to Farms and Rural Areas- Youth Minister

A former Commissioner of Education, Science and Technology in Kwara state and an outstanding journalist with ThisDay newspaper, Mallam Bolaji Abdullahi studied Mass-Communication at University of Lago...

The Politics of Oil Blocks and the Northern Elites

The Politics of Oil Blocks and the Northern Elites

I agree the North is poor. Yes, I agree the poverty has bred millions of destitutes, who have become instant and easy recruits for Boko Haram. But my question is: Who impoverished the North?A caveat: ...

Still on NIMASA's Maritime Contract with Ex-Warlord

Still on NIMASA's Maritime Contract with Ex-Warlord

While the Nigerian Maritime Administration and Safety Agency (NIMASA) is trying to justify its alleged concession of the nation’s maritime security to a private firm owned by a former leader of Niger ...

Every State is Entitled to 13% Derivation Revenue - RMAFC

Every State is Entitled to 13% Derivation Revenue - RMAFC

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has disclosed that every state in Nigeria is entitled to derivation revenue from their natural resources if properly harnessed for eco...

Dr. Precious Gbeneol: Breaking the Circle of Poverty through MDG

Dr. Precious Gbeneol: Breaking the Circle of Poverty through MDG

It was at a pre-launch Press Conference on the Conditional Grants Scheme (CGS) in December 2011, that Dr. Precious Gbeneol was officially introduced to the Press as the new Senior Special Assistant to...

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RMAFC Charges NNPC, Others to Stamp Out Oil Theft

10-2011 | Economic Confidential The Chairman of Revenue Mobilization Allocation and Fiscal Commission(RMAFC), Engr. Elias Mbam has charged the Nigerian National Petroleum Corporation(NNPC) and other stakeholders to stamp out oil the...

Toll Gates Return on Highways Soon - Minister of Works

09-2011 | Economic Confidential The Minister of Works, Arc. Mike Oziegbe Onolememen in this interview discloses some new developments in his ministry as regards the Transformational Agenda of President Goodluck Jonathan after his 10...

In Profile

Isa B. Sali, Oon: The Chief of Federal Civil Servants

12-2011 | Labaran Saleh   Alhaji Isa Bello Sali, OON, was born on 23rd March, 1953 in Mubi, Mubi North Local Government Area of Adamawa State. He attended Demonstration School Mubi and Government Secondary School, Ganye b...

Marie Francoise: The New Director of World Bank in Nigeria

11-2011 | Economic Confidential She just resumed in Nigeria and the first remark from her was a genuine and sincere advice to the government. She admonished the Federal Government to handle the issue of oil subsidy removal with caut...

National News

Labour Minister Advocates Paradigm Shift in Industrial Relations

The Minister of Labour and Productivity, Emeka Wogu, has affirmed that the Federal Government has resolved to pursue a paradigm shift from adversarial position of industrial relations practice to a more...

Transport Ministry inaugurates FOI Implementation Committee.

The Federal Ministry of Transport has officially inaugurated its Freedom of Information Act (FOIA) implementation committee with a charge to adhere strictly to guidelines governing the compliance with...

FG Allocates N6bn for Purchase of Vaccines for Routine Immunization

Minister State for Health Dr. Muhammad Ali Pate has said that the Federal Government of Nigeria has allocated the sum of 6Billion Naira for the procurement of routine vaccines against child killer diseases.