FG Archives — Page 8 of 9 — City Business News

February 6, 2020 No Responses

FG Approves N65.9b For Road Projects

The Federal Executive Council (FEC) has approved N65.9 billion for road projects across the country. Briefing State House Correspondents on Wednesday, Minister of State for Works and Housing, Abubakar Aliyu, explained that the ministry presented two memos to the council...

January 28, 2020 No Responses

FG Advises States On Realistic Industrial Plan

To revive the sector for economic development and job creation, the Minister of State, Trade, Industries and Investment, Maryam Katagum has advised States to develop a realistic industrial plan. Katagum stated this while answering questions from Journalists in...

January 24, 2020 No Responses

FG Raises Committee On Disbursement Of N70b Cabotage Fund

The Minister of Transportation, Mr Rotimi Amaechi on Thursday in Lagos set up a committee to develop guidelines for disbursing $200million (N70 Billion) Cabotage Vessel Financing Fund (CVFF). The Minister explained that the panel, selected from amo...

December 25, 2019 No Responses

CAN Lauds FG For Releasing Dasuki, Sowore

The leadership of the Christian Association of Nigeria (CAN) has commended the Federal government for ordering the release of former National Security Adviser (NSA), retired Col.m Sambo Dasuki, and the leader of RevolutionNow Movement, Mr Omoyele Sowore....

December 19, 2019 No Responses

FG, States, Councils Share N635.826b

The Federation Account Allocation Committee (FAAC), on Wednesday in Abuja at its meeting, shared to the Federal Government, States and Local Government Councils a sum total of N635.826 billion as federal allocation for the month of November 2019. This amount,....

November 28, 2019 No Responses

FG Approves N19b For Road Projects In FCT, Oyo, Kano

The Federal Executive Council (FEC) on Wednesday approved over N19 billion for the construction of road projects in the Federal Capital Territory (FCT), Oyo and Kano States. The Minister of Works and Housing, Mr Babatunde Fashola, disclosed this when he...

November 24, 2019 No Responses

Shareholders To FG: Address Infrastructure Deficit Through Capital Market

The Independent Shareholders Association of Nigeria (ISAN) has stressed the need to address the country’s infrastructure challenges through the Nigerian capital market. Mr Adeniyi Adebisi, ISAN’s National Coordinator, stated this on Saturday in Lagos, whil...

November 21, 2019 No Responses

FG, States, LGs Share N702.058b

The Federation Accounts Allocation Committee (FAAC) on Wednesday shared a total of N702.058 billion to the three tiers of government for the month of October. This was announced in a communique read by Accountant General of the Federation, Mr Ahmed...

October 31, 2019 No Responses

FG Approves N718.6m Mobile Security Scanner For Lagos port

The Federal Executive Council (FEC) has approved the sum of N718.6 million for the supply of one mobile security scanner at the Lagos Port Complex. The Minister of Information and Culture, Alhaji Lai Mohammed, who briefed State House correspondents after...

September 18, 2019 No Responses

FG Sets Up Inter-Agency Task Force On N5t AMCON Debt Recovery

The Federal Government has taken another determined step in its bid to recover over N5 Trillion outstanding debts owed the Asset Management Corporation of Nigeria (AMCON), with the formal inauguration of an inter-agency Committee to speedily resolve the challe...

July 26, 2019 No Responses

FG, States, LGs Share N762.597b In June

The Federation Accounts Allocation Committee (FAAC) has shared a total of N762.597 billion to the three tiers of government for the month of June 2019. The N762.597 billion comprised revenue from Value Added Tax (VAT), Exchange Gain and Gross Statutory...

July 19, 2019 No Responses

FG To Supply 10% Of India Crude Demands

The Nigerian National Petroleum Corporation (NNPC) says it will continue to supply 10 per cent of India’s crude oil demand in the face of competing demand for the product from other countries. The Group Managing Director, Malam Mele Kyari, disclosed...

June 28, 2019 No Responses

FG, States, LGCs Share N679.699b

The Federal Account Allocation Committee (FAAC), Thursday, at its joint session at the African House, Kano, Kano State, shared to the Federal Government, States and Local Government Councils a total of N679.699 billion as federal allocation for the month of...

March 28, 2019 No Responses

FG, States, LGs Share N619.85b

The Accountant-General of the Federation (AGF), Mr Ahmed Idris, on Wednesday said the Federal Government shared N619.85 billion, as revenue generated in February to the three tiers of government. The amount showed an increase of about N9.49 billion from what.....