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FG To Increase Youth fund To N75bn

By Sahel Standard Magazine October 24, 2020 99 Post a comment

The Minister of Finance, Zainab Ahmed made this disclosure during a stakeholders meeting with the Deputy Governor of Kaduna State on Saturday, in line with President Muhammadu Buhari’s directive to state governors and ministers to dialogue with stakeholders with the view to finding solutions to the End SARS protests. While explaining that the youth fund […]Continue Reading

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Buhari Writes NASS For Budget Presentation On Thursday

By Sahel Standard Magazine October 6, 2020 147 0

President Buhari has written to the National Assembly informing lawmakers that he will be presenting the 2021 budget at a joint sitting on Thursday, October 8, 2020, by 11 am. In a letter read by Senate President Ahmed Lawan on Tuesday at the resumption of plenary, President Buhari is requesting the audience of lawmakers in […]Continue Reading

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All Hands On Deck To Achieve Self-Sufficiency In Food Security – Zainab Ahmed

By Sahel Standard Magazine October 1, 2020 172 0

Nigeria’s Minister of Finance, Budget, and Planning Zainab Ahmed says she believes that Nigeria has achieved progress in attaining self-sufficiency in food security. The Minister said this while responding to questions during an interview on The Platform, a programmed aired on Thursday on Channels Television. She said the nation would have been faced with serious Continue Reading

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Non-oil Tax Revenue Increases As Reforms Take Root At FIRS

By Sahel Standard Magazine September 17, 2020 135 Post a comment

Despite the national and global economic upheaval caused by the COVID-19 pandemic, the Federal Inland Revenue Service (FIRS) has continued to record significant increase in collectable tax revenue from the non-oil sector of the economy. Executive Chairman, FIRS, Mr. Muhammad Nami, disclosed this on Tuesday in Abuja during a courtesy call on the Minister of […]Continue Reading

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Buhari Inaugurates Committee To Oversee Agenda 2050

By Sahel Standard Magazine September 10, 2020 157 0

President Muhammadu Buhari on Wednesday inaugurated the National Steering Committee to oversee the development of the Nigeria Agenda 2050 and Medium-Term National Development Plan to succeed the Vision 20:2020 and the Economic Recovery and Growth Plan 2017 – 2020. The membership of the newly inaugurated committee to be co-chaired by Atedo Peterside and the Minister […]Continue Reading

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Buhari Approves A One-Year Deferment On Imported Meters, 6m Power Users On Queue

By Sahel Standard Magazine August 26, 2020 161 0

President Muhammadu Buhari has approved a one-year deferment of the 35 per cent import adjustment tax (levy) imposed on Fully Built Unit (FBU) electricity meters while six million power users expect to get the device. A statement from the Ministry of Finance, Budget and National Planning, said the HS Code 9028.30.00.00 tariff is under the […]Continue Reading

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The Federal Government Approves N13.3 Billion For The Take-Off Of Community Policing In The Country.

By Sahel Standard Magazine August 21, 2020 194 0

According to Laolu Akande, spokesman of Vice-President Yemi Osibanjo, the nation’s number two citizen announced the approval at a national economic council (NEC) meeting he chaired on Thursday. Akande said Osinbajo directed Boss Mustapha, secretary to the government of the federation (SGF); Kayode Fayemi, chairman of the Nigeria Governors’ Forum (NGF); Zainab Ahmed, Continue Reading

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FG, States, LGCs Share N676.407bn Revenue For July

By Sahel Standard Magazine August 20, 2020 167 0

The Federation Accounts Allocation Committee (FAAC) has shared the sum of  N676.407bn to the three tiers of government, as federation allocation for the month of July, 2020. A statement by Hassan Dodo, the Director Information,  said the amount was approved at the FAAC virtual meeting chaired by the Permanent Secretary, Federal Ministry of Finance, Continue Reading

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NNPC Becomes EITI Partner Company

By Sahel Standard Magazine August 18, 2020 169 0

Says New Status to Deepen Commitment to Accountability & Transparency The Nigerian National Petroleum Corporation (NNPC) has become an Extractive Industries Transparency Initiative (EITI) partner company, joining a group of over 65 extractives companies, state-owned enterprises (SOEs), commodity traders, financial institutions and industry partners who commit to Continue Reading

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Nigeria’s Economy Risks Return to Recession

By Sahel Standard Magazine August 14, 2020 190 0

NIGERIA risks a return to recession — the second in four years — unless there is a strong third quarter economic performance, the Federal Government has warned. It explained that another recession will come with grave consequences. The government also warned that Nigeria faces significant medium-term fiscal challenges, especially in revenue generation, which if not […]Continue Reading