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Federation Account: The Sharing of 859 Biliion in April 2013
Staturory & VAT : The Sharing of 667 Billion in April 2013 Non-Oil Excess Account : The Sharing of 1.7 Billion in April 2013 Foreign Excess Crude Account : The Sharing of 123 Billion in April 2013 13% Derivation : The Sharing of 16 Billion in April 2013 20th NNPC Refund : The Sharing of 7.6 Billion in April 2013 Derivation for SURE-...
Why we Declared The State of Emergency in 3 States
President Jonathan’s Speech Declaring State of Emergency Adamawa, Borno and Yobe Dear compatriots,1. It has become necessary for me to address you on the recent spate of terrorist activities and protracted security challenges in some parts of the country, particularly in Borno, Yobe, Adamawa, Gombe, Bauchi, Kano, Plateau and most recently Bayels...
The Implication of State of Emergency
The anticipated 'State of Emergency' has now been declared by President Goodluck Jonathan during his nationwide broadcast. The declaration which came less than 24 hours after the Nigeria Governors Forum, led by Governor Rotimi Amaechi of River State cautioned the government from doing so. The states affected are Adamawa, Borno, and Yobe all in the ...
Rising Poverty in Africa
Poverty might be very good in poems, maxims and sermons, but it is practically unbearable. In fact, it is like watching one’s relations dying in pain for their inability to afford basic needs.There is no doubt that poverty is a global crisis. However, it has wide range of impacts among Africans. Think about a life with no food, water, shelter, and ...
Nigeria to save N755bn from implementation of legal metrology – Aganga
The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, has said that the implementation of accurate metering and measurement policy by the Weights and Measures Department of the ministry is expected to save the country about N755bn.The minister said this during the official launching of the legal metrology web portal in Abuja.Aganga n...
Gurara Irrigation Project to Feed North- Central States
The Federal Government has said that the 6000 hectares of land in Gurara irrigation project, if fully developed and operate three cycles in a year is capable of feeding the entire North- Central States.The Minister of Water Resources Mrs. Sarah Reng Ochekpe, announced this while inspecting the pilot irrigation project at Azara-Jere Gurara irrigatio...
Abuja light rail project: The essence, realities and challenges
The importance of rail transportation cannot be overemphasized in the development of a nation because it has advantage over the roadways and the trains can carry a large number of passengers and heavy loads to long distances.Analysts also believe that journey by train is more comfortable than by road which explains why most countries spend a lot of...
SURE-P, FERMA to create 42, 000 new jobs on Road Maintenance
Comrade Peter Esele, a member of the Subsidy-Reinvestment and Empowerment Programme (SURE-P) has said that the partnership with Federal Road Maintenance Agency (FERMA) in maintaining national roads and bridges would create 42,000 new jobs by 2014.Esele who is also the President of the Trade Union Congress (TUC) made the revelation when SURE-P sub-c...
Reassessing the Impacts of MDGs in Nigeria
Perhaps, there is no better way of assessing the determination of Dr. Precious Kalamba Gbeneol, Senior Special Assistant to President Goodluck Jonathan on Millennium Development Goals than to be part of the team she has been leading on sensitization and project inspection tours across the country. During such tours, Gbeneol’s passion for her job- p...
Book Review: Disaster Management is Everyone’s Business
“It is therefore, everybody’s business and we must all put our hands on deck to ensure effective disaster management by regularly evolving strategies, policies and programmes so as to reduce loss of lives and property in our communities, thereby facilitating development”, says the Director General of NationalEmergency Management Agency (NEMA), Alha...
Okonjo-Iweala Claims Nigeria Now Best Invsetment Destination in Africa
Nigeria is now the best investment destination in Africa. With a foreign reserve of nearly 50 billion dollars, a stable exchange rate, strong banking sector, massive human and natural resources, Nigeria has indeed become one of the most attractive investment destinations in the world.The Coordinating Minister for the Economy and Minister of Finance...
FG Votes $3.7bn for 20,000MW Power Transmission
The Federal Government has approved the sum of $3.7 billion dollars to improve power transmission so as to wheel 20,000mw. This was disclosed by the Vice President, Arc Mohammed Namadi Sambo at a meeting with Nigeria Canadian association greater Toronto area. At the interactive session attended by a mammoth crowd, the Vice President took time to ex...
Hydro- Power to the Rescue on Electricty Generation
The Permanent Secretary of Ministry of Power, Ambassador Godknows Igali has said that because of environmental degradation associated with fossils power generation, the Federal Government is going to make hydro the focus of the new energy mix for the country.Speaking with the European Union delegation, led by Ambassador David Macrae in Abuja, Igali...
Abuja Councils Receive N2b Revenue Allocation in April 2013
Abuja Municipal Area Council (AMAC), Gwagwalada Area Council and Bwari Area Councils topped the revenue allocation distributed by the FCT Area Councils Joint Account Allocation Committee (JAAC) in April 2013.The Minister of State for Federal Capital Territory (FCT), Oloye Olajumoke Akinjide, who chaired the meeting , confirmed that the sum of N2,02...
Oyo Adopts PPP for Mass Rehabiliatation of Hospitals
The Oyo State Government is set to carry out comprehensive rehabilitation of Adeoyo State Hospital, Ring Road, Ibadan and other state-owned health facilities through a Public Private Partnership (PPP) arrangement with foreign and local consultants.The State Governor, Senator Abiola Ajimobi disclosed this in Ibadan on Tuesday while receiving a deleg...
FG spends N150bn on N’Delta amnesty – Sanusi
Federal Government of Nigeria has so far expended over $1 billion (N158 billion) on the Niger Delta Militants since the inception of the amnesty programme in 2009. Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, stated this at the first Ochendu Youth Empowerment Lecture in Umuahia, Abia State.At the lecture, titled: ‘You...
My Writings and Dr. Ngozi Okonjo-Iweala
When I wrote an open letter to the Coordinating Minister in Charge of the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, over appointments to some top positions, it was, to me, simply the continuation of an age-old hobby that I developed since my student days in the university. I write with the purest of intentions not to malign anyone. ...
2013 British Billionaire Rich List: No Black Faces
The Sunday Times recently celebrated the 25th anniversary of listing men and women of class, rank, privilege, substance and excessive money in the UK. As a professional snooper of the life of the rich and well heeled in the UK, April had always been a much awaited month to undertake an annual ritual of "unroofing" the hidden wealth of the fabulousl...
Our Wealth of Poverty
In Africa, we do not walk dogs; we walk lions….Guest Speaker at an African forum ScotlandAfrica is full of potentials: potentials for investments in oil and gas, solid minerals, agriculture, communication, construction, education, hotels and tourism, movie making, collaboration in research etc., etc. At every opportunity African leaders are quick t...
Shamsuddeen and Vision 20:2020
Last weekend, there were reports in several newspapers claiming that the Minister of National Planning, Dr Shamsuddeen Usman, had said that the Nigerian Vision 20:2020 was ‘no longer realisable’ We view this as a misrepresentation of the statement made on Wednesday April 25,2012 by the Minister, while briefing the leadership of the Peoples’ Democra...
Polymer Currency: Waste, Deceit & Commonsense
The concept of moral hazard is defined as a situation where there is a tendency to take undue risk, because the costs are not borne by the party taking the risk.Apart from the recent IMF advice to wind down AMCON because of the threat of moral hazard, the policies and strategies of government Ministries, Departments and Agencies, particularly those...
Stemming the Boko Haram menace
Edward Judge and John Langdon tell us that appeasement is a “policy of giving in to a potential aggressor in order to maintain the peace.” This policy arose “not out of cowardice but from a sincere desire to avoid another Great War by addressing German concern over the severity of the Treaty of Versailles.” The Versailles Treaty was signed on June ...
NIMC database Can Capture 300 million citizens
The database of the National Identity Management Commission (NIMC) has the capacity to store data of over 300 million citizens.The Director-General of the Commission, Chris Onyemenam said it was regularly updating the technology in compliance with international standards with new hardware. He added that NIMC had been working on the identity infrast...
Obiageli Ezekwesili: The Proponent of Due Process
Obiageli Katryn Ezekwesili is generally regarded as honest, incorruptible, and fiercely faithful to genuine causes. She strongly believes in due process in every financial transaction. During her 50th Birthday, Nigeria’s former president, Olusegun Obasanjo said that the government of President Goodluck Jonathan should be thankful to Obiageli for h...
Foreign Excess Crude: How They Share N173bn in March 2013
The sum of N173,505,579,751.13 was shared at the meeting of the Federation Account Allocation Committee (FAAC) as disbursement from Foreign Excess Crude Saving Account being difference between budget and actual in March 2013
Statutory and VAT: How They Share N647bn in March 2013
Statutory and VAT: How They Share N647bn in March 2013
Augmentation: How They Shared N156bn in March 2013
A total sum of N156,761,235,691.43 from Foreign Excess Crude Savings Account being arrears of Augmentation for January, 2013
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