The Federal Government has begun deploying consular officers to diplomatic missions worldwide before the anticipated release of the ambassadorial list. This move comes 14 months after 83 ambassadors were recalled in September 2023. Following President Bola Tinubu’s inauguration, a reassessment of foreign policy led to the recall of the 83 ambassadors; both career and non-career…
The Federal Executive Council on Thursday approved a $2.2bn external borrowing plan. This is part of the Federal Government’s external borrowing programme for the 2024 Appropriation Act, the Finance Minister, Mr Wale Edun, told State House Correspondents after the FEC meeting at the Aso Rock Villa, Abuja. The financing initiative will combine Eurobond and Sukuk…
Barbara Bako, Abuja. The Federal Government of Nigeria has revealed plans to source from the private sector, part of the 10 billion dollars required to provide regular electricity power supply across Nigeria within the next five to 10 years. The Director General of the Infrastructure Concession Regulatory Commission (ICRC), Dr Jobson Oseodion Ewalefoh had the…
….Threatens Sanctions on MDAs Postponing Renditions.Barbara Bako, Abuja. The Federal Government has announced N39trn negative net asset position as many legacy assets are yet to be recognized, measured and uploaded. The negative asset position came after its adoption of the International Public Sector Accounting Standards (IPSAS) since 2016. The Accountant General of the Federation, Mrs…
The Federal Government has terminated the contract for the Rehabilitation of the Abuja-Kaduna-Zaria-Kano Dual Carriageway, Section I (Abuja-Kaduna) from Julius Berger Construction company. In a statement by the Director of Press, Federal Ministry of Works, Mohammed Ahmed, said the decision was made following the failure of the management of Berger to show up for a…
Barbara Bako, Abuja. The World Bank has told the federal government to continue with its current economic reforms. According to the World Bank, “We need to stick to the plan and keep moving forward. Turning back or opposing the reforms will only make things worse. Country Director of the World Bank, Dr. Ndiame Diop offered…
The Nigerian government through the office of The Nigerians in Diaspora Commission (NiCOM) has urged its citizens currently residing in Lebanon to return home, citing escalating violence in the region. NiDCOM issued the advisory in response to the ongoing conflict between Israel and Hezbollah, which has led to heightened tensions and attacks in parts of…
Barbara Bako, Abuja. The Director General, Budget Office of the Federation, Tanimu Yakubu has urged Ministries, Departments and Agencies (MDAs) to be true to their mandates while preparing for the 2025 budget. Yakubu made this call in Abuja during the 4 days GIFMIS Budget Preparation Subsystem Training of MDAs budget officers who will be involved…
… Honours Interior Minister as PPP Icon for Attracting Over $500million Investment Through PPPs.Barbara Bako, Abuja. The Federal Government has said that it would conduct an audit of all Public Private Partnership (PPP) projects to ascertain their performance as well as ensure that all the projects are insured as statutorily stipulated in the Infrastructure Concession…
The Federal Government has declared Wednesday, June 12, a public holiday to commemorate Democracy Day. The announcement was made on Tuesday by Minister of Interior Olubunmi Tunji-Ojo in a statement issued by Aishetu Ndayako, the permanent secretary of the Ministry of Interior. He said, “As we mark another Democracy day in the history of our…
