FG charged electricity distributors Collect N40bn electricity debts from states

The Federal Government on Monday charged electricity distribution companies to engage state governments in order to collect the outstanding electricity debt amounting to about N40bn owed by the Ministries, Departments and Agencies of the various state and local governments. It stated that on Wednesday, October 4, 2017, the Federal Executive Council approved the verified sum Read More

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Aliko Dangote, has attributed his resolve to achieve self-sufficiency in commodity manufacturing

Africa’s richest person, Aliko Dangote, has attributed his resolve to achieve self-sufficiency in commodity manufacturing through the strategy of backward integration as key to the success of his business. Speaking during a public conversation at the Financial Times’ 4th Annual Africa Summit at Claridges, London, the United Kingdom, moderated by the Editor-in-Chief of Times, Lionel Read More

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Vice President Yemi Osinbajo : 50 million Nigerians have no access to electricity.

Vice President Yemi Osinbajo on Monday said 50 million people out of the nation’s 180 million population have no access to electricity. “Nigeria’s 180 million people, over 50 million have no power,” Osinbajo said in his keynote address at the Financial Times Africa Summit holding in London. The Vice President told the gathering that as part of Read More

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Federal Government to reintroduce tolling on the nation’s highways

The Federal Government on Monday said it would reintroduce tolling on the nation’s highways to raise the much-needed funds to maintain the roads. The Minister of Power, Works and Housing, Mr. Babatunde Fashola, stated this while addressing members of the Manufacturers Association of Nigeria, who visited him in his office in Abuja. The minister’s position Read More

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FG inaugurates panel to coordinate financial statistical data

The Federal Government on Monday inaugurated a finance sectoral consultative committee for the effective coordination of statistical data in the Ministry of Finance and its agencies. The Permanent Secretary, Ministry of Finance, Dr. Mahmoud Isa-Dutse, inaugurated the committee at the headquarters of the ministry in Abuja. The membership of the committee is drawn from departments Read More

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