US terror threat notice to its citizens can create panic and affect Nigerian economy – FG

The federal government has reacted to the recent travel advisory issued by the United States of America to its citizens in Nigeria.    Recall that the United States had warned its citizens in Nigeria of “elevated threats” to major hotels in the “larger cities” of Nigeria.   However reacting to this on Monday, November 6,  Minister of Information and National Orientation, Mohammed Idris, said such advisory undermines the efforts the government has been making to attract investors to Nigeria. He

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Where are the trillions? – Sen Shehu Sani asks after last administration claimed it made trillions from Customs, digital economy and others

Senator Shehu Sani has asked of the whereabouts of the trillions the immediate past administration claimed it made while in office.  ”Customs made trillions, Jamb made trillions, Ports made trillions, Stamp duties made trillions, Digital economy made trillions, Inland Revenue made trillions, Foreign direct investment made trillions, Rice pyramid made trillions; Where are the trillions?”

FG projects N120tn as three-year consumption expenditure

FG projects N120tn as three-year consumption expenditure

FG projects N120tn as three-year consumption expenditure The Federal Government has projected an average of N120tn as consumption expenditure by Nigerians on which value-added tax will be charged between 2023 and 2025. This is according to the Medium Term Expenditure Framework and Fiscal strategy paper developed by the Ministry of Finance, Budget and National Planning. According to the report, consumption expenditure on which VAT will be charged will likely increase from an average of N35tn in 2023 to N40tn in

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Our economy is dying and our priority is who did or did not attend a dead man’s funeral?- Reno Omokri

Reno Omokri has tackled those criticizing general overseers of Nigerian churches who did not attend the funeral of late Prophet T.B Joshua.   According to the former presidential aide, Nigeria’s economy is dying and the topic on the Internet is about those that did not attend the funeral of a dead man. He averred that people only attend funerals of those they associated with while they were alive. His post reads ”Whether in religion, politics, or entertainment, in life, people

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Looting will have negative effects on economy

The National Orientation Agency has stated that the widespread looting of warehouses across the country will have negative effects on the economy.    The federal agency in series of tweets shared on Monday October 26, appealed for calm in the country.    The NOA who urged Nigerians to be patriotic, averred that hurting businesses will traumatize owners with attendant negative effects on nation’s fragile economy.   The tweets read;    STOP LOOTING!!! #EndSARS protesters could not have envisaged looting of

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We passed President Buhari’s $5.5b loan request to save 20m jobs, stop our economy from sliding into depression- Senate President, Ahmed Lawan

Ahmed Lawan, the president of the Senate, has said that the $5.5 billion loan request by President Buhari was approved by the Senate so as to save over 20 million jobs in the country and also stop the economy from sliding into depression.   The president in May sent a letter to the Senate for the approval of the loan which he said is to enable the administration fund the revised 2020 budget and execute some critical projects.  The Senate approved the

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