Minister of the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala By Ndubuisi Francis in Abuja The Federal Government declared yesterday that it was worried by the domestic debt stock and was working towards cutting it down from the current N5.96 trillion to about N500 billion by 2015. Coordinating Minister of the Economy and […]
-south Governors’ Forum, Senator Liyel Imoke •Want fiscal federalism too By Okon Bassey in Uyo Governors of the South-south states yesterday rose from a one-day meeting in Uyo, Akwa Ibom State, and frowned on the long delay in the passage of the Petroleum Industry Bill (PIB), noting that it had impacted negatively on the geo-political […]
April 14, 2012 by Olalekan Adetayo President Goodluck Jonathan on Friday signed the 2012 Appropriation Bill into law with a vow to sack all heads of parastatals, who he said security reports had indicted for lobbying the National Assembly for increased budgets. The budget, with an aggregate expenditure of N4.697tn (excluding the appropriation of N180bn […]
April 14, 2012 by John Alechenu and Olalekan Adetayo President Goodluck Jonathan has condemned and rejected the ongoing attempt by a segment of the military in Guinea-Bissau to subvert the country’s constitution and truncate its democratic process. The process has been initiated for the election of a legal successor to the late President Malam Bacai […]
The Minister for Health, Prof. Onyebuchi Chukwu has said that the federal government will soon wield the big stick against public officers travelling abroad for medical attention. He, however, said such trip will only be allowed if there is a proven fact that the attention the public officer seeks is not available in Nigeria either […]
Almost three years away from the 2015 presidential election, political tempers are already rising across the country over suspected moves by President Goodluck Jonathan to contest the poll. Towards this end, prominent Niger Delta leaders, including First Republic information minister, Chief Edwin Clark have been making comments, warning that nothing will stop their kinsman from […]
THE Coordinating Minister of the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala, has carpeted the state governors for their insistence on sharing funds from the Excess Crude Account, which now has a balance of $3.6billion rather than saving it in the Sovereign Wealth Fund (SWF). The minister, who spoke at the first Civil Society […]
THE Boko Haram sect has said it intends to bring down the government and “devour” President Goodluck Jonathan within three months, its purported leader said in his second al Qaeda-style video posted on the Internet on Thursday. The 14-minute video of Abubakar Shekau seen on YouTube belittled Jonathan for saying two weeks ago that the […]
THE President of the Christian Association of Nigeria (CAN), Ayo Oritsejafor, has rejected the view of the American government expressed by the United States Assistant Secretary of State for African Affairs, Mr. Johnnie Carson, that “the threat from Boko Haram grows as Nigeria’s standard of living declines.” In a statement by the Special Assistant, Media […]
FROM the Federal Government came a revelation yesterday that Nigeria is now classified as a lower middle-income country with total Gross Domestic Product (GDP) of N10 trillion. The classification, which the government admitted has not practically translated into improved standards of living for the citizens, was as a result of the movement of the nation’s […]
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