Economy

By Musa Aliyu The Federation Account Allocation Committee (FAAC) has shared a total sum of N655.932 billion to the Federal Government, States and Local Government Councils (LGCs) for the month of April. According to a statement issued by Bawa Mokwa, the Director, Press and Public Relations, Office of the Accountant of the Federation (OAGF), this…

By Eric Teniola The outgoing President, Muhammadu Buhari GCFR has made sure he is leaving a huge debt profile of eighty trillion naira when he leaves THE VILLA on Monday, May 29. Well, well, well. While he will be celebrating in Daura or in Niger Republic, we shall be sorting out the mess he has…

By News Desk On April 18, 2019, President Muhammadu Buhari assented to the National Minimum Wage Act, 2019. But four years later, controversies still trail its implementation. Many States and Local Government workers are left to groan over the inability of some governors to approve the N30,000 minimum wage. The issue came to the front…

A High Court in Kogi State has restrained the Federal Government from its planned concession of the Ajaokuta Steel Company Limited and the National Iron Ore Mining Company at Itakpe. Both companies are located in Kogi State. The Federal Government had commenced the concession process for the two companies with an advertisement in national dailies….

By News Desk A group under the auspice of Ajaokuta Steel Township Youth Vanguard for Development has called on Kogi state Governor Alhaji Yahaya Bello, the national assembly and the incoming president – elect to put an immediate halt on the last minute galloping rush by the Ministry of Mines and Steel Development to concession…

By News Desk The Federal Government has suspended plans to remove fuel subsidy by June this year. Minister of Finance, Budget and National Planning, Ahmed Zaniab gave the indication on Thursday, shortly after the National Economic Council, NEC, meeting, chaired by the Vice President, Yemi Osinbajo. She said the NEC, which comprises State Governors deliberated…