Business & Economy (Page 357)

(FLOWERBUDNEWS) The Akwa Ibom state 2020 budget proposal has been identified as one of the most viable in the country. This was part of a new report released by a budget tracking Civil Society Organisation, BudgIT, recently. It indicated that the budgets of only four states in Nigeria namely AkwaContinue Reading

(FLOWERBUDNEWS) The Presidency says about 250 Nigerian business interests will participate in the African Business Forum, which will bring together African and Russian business leaders in Sochi, Russia, between Oct. 23 and Oct. 25. Malam Garba Shehu, the President’s Senior Special Assistant on Media and Publicity, disclosed this in aContinue Reading

(flowerbudnews) An official has disclosed that the federal government is working on how to disengage over 200,000 N-Power beneficiaries. According to The Guardian, the president’s senior special assistant on social investment, Maryam Uwais, during an interview with NTA, said she is discussing with the Ministry of Finance on the nextContinue Reading

(FLOWERBUNEWS) Despite spending N1.5trillion on the country’s power sector in the last two years, the Federal Government yesterday said it is in the process of investing a fresh $3 billion (N915bn) World Bank loan into the sector. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed thisContinue Reading

(FLOWERBUDNEWS) The Ministry of Works and Housing has urged Shelter Afrique to increase the funds it planned to invest as part of efforts in addressing Nigeria’s housing deficit. The News Agency of Nigeria (NAN) reports that Shelter Afrique, an international Non Governmental Organisation (NGO) has earmarked 181 million dollars creditContinue Reading

(FLOWERBUDNEWS) Mrs Zainab Ahmed, the Minister for Finance, Budget and National Planning says under-recovery of Premium Motor Spirit (PMS), popularly referred to as fuel subsidy will gulp N450 billion in 2020. She said this on Monday in Abuja, at the public presentation of the 2020 budget proposals. Ahmed said itContinue Reading