The Minister of Industry, Trade and Investment, Dr. Olusegun Aganga, said this when he briefed State House correspondents after the weekly FEC meeting presided over by President Goodluck Jonathan at the Presidential Villa, Abuja
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He said that while monitoring the recent uncertainties in the global economy of the country, it was noted that certain sectors in the economy were still growing in spite of the recent oil price shock
According to her, this implies a ratio of 53 per cent oil revenue to 47 per cent non-oil revenue to fund an aggregate budget expenditure of N4.36 trillion proposed for 2015 Budget
These were some of the outcomes of the weekly Federal Executive Council meeting presided over by President Goodluck Jonathan at the Council Chamber of the Presidential Villa in Abuja
This was contained in a statement issued and signed by Godwin Idemudia, the Assistant General Manger (Public Affairs) of the company
Okonjo-Iweala disclosed this while presenting the proposed 2015 budget in Abuja
Dr. Uduaghan disclosed that the 2015 estimates was lower than the 2014 fiscal estimates by N123.05 billion, explaining that the decrease was due to the fall in the price of crude oil at the international market
Chidoka said: “A mobile court for the airport would be requested for from the Lagos State Government, where defaulters of airport rules would be tried and sanctioned immediately
It stated that the funds from the AfDB Group would be used to support Micro, Small and Medium-sized Enterprises operating in various sectors of the Nigerian economy.
Adegboyega told the News Agency of Nigeria on Wednesday in Abuja that the companies were sanctioned in Ogun, FCT, Nasarawa, Lagos, Kogi, Ondo and Edo
The Minister laid the 2015 budget document to both the House of Representatives and the Senate in separate appearances
Akpobolokemi, who disclosed this in Lagos on Tuesday at a press briefing, said the ships were acquired for the use of the Nigerian Navy and other relevant government agencies in the fight against piracy and other related crimes on the nation’s maritime domain
Rather, the Minister of Finance, Dr. Ngozi Okonjo-Iweala, will present 2015 budget proposal to both House of Representatives and Senate on Wednesday
According to him, the Lagos economy was not built to rely on earnings from any extractive resource
The Chairman of OGSIEC, Alhaja Risikat Ogunfemi, made this known in Abeokuta while defending the commission’s 2015 budget before the state’s House of Assembly’s Finance and Appropriation Committee
Adebayo Ajayi, the Chairman of the Lagos State chapter of IPMAN, told the News Agency of Nigeria in Lagos that the oil workers’ strike would impose hardship on Nigerians
The Permanent Secretary of the ministry, Dr. Clement Iloh, told the stakeholders in Abuja that the meeting was organised to resolve the issues on the ongoing strike.
Iloh expressed regrets that it was unfortunate that the key actor was absent.
The Chairman of the meeting and Minister of Energy and Industry of Qatar, Dr. Mohammed Saleh Alsada, announced this in a communiqué read at the end of the meeting
He said N34.6 billion, representing 31 per cent of the budget, would be spent on recurrent expenditure,while N75.4 billion, representing 69 per cent of the estimates, was earmarked for capital expenditure
The Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said Nigeria is in for some “hard time” following the continuous decline…