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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Lagos government launches register-to-open initiative of the economy amid Coronavirus pandemic

The Lagos state government has launched a Register-to-Open Initiative for religious and social centres, social clubs, event centres, restaurants, bars, night clubs, spas, cinemas and gyms ahead of the gradual re-opening of the state economy.    Governor Babajide Sanwo-Olu had on May 17 debunked claims of absolute reopening of the state’s economy.    The Governor said;   “In the coming days, we will be starting what we call Register-to-Open, which means all players in the restaurant business, event centres, entertainment, malls and cinemas

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NCC counters Abike Dabiri-Erewa’s claim, says staff of Nigeria Diaspora Commission were not sent packing from Digital Economy Complex

The Nigerian Communications Commission, NCC, has denied claims made by Abike Dabiri-Erewa, chairman of the Nigerians in Diaspora Commission NIDCOM, that staff of her agency were kicked out of the new NCC Annex Building/Digital Economy Complex in Mbora, Abuja. Dabiri-Erewa in a recent interview with SaharaReporters, alleged that the Minister of Communications and Digital Economy, Isa Pantami, ordered security operatives to send members of staff of NIDCOM packing from the NCC complex. Read here. NCC has now released a statement

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