A breakdown of the May 2013 federal allocation shows that the Federal Government got N235, 778 billion (52.68%); the State Governments got N119, 590 billion (26.72%) and the Local Government Councils got N92.199 billion (20.60%)
Browsing: Economy
Cadbury trailed with N5 to close at N55 per share, while Okomu Oil grew by N3.25 to close at N43.25 per share
A communiqué issued by the Technical Sub-Committee of the Federal Account Allocation Committee shows that the distributable statutory revenue for the month of April 2013 was N531.332 billion
Further wireline log evaluation is currently underway prior to extending the well to target deeper prospectivity above basement, to a total measured depth of 11,800ft
Similarly, market capitalisation depreciated by N226 billion to close at 11.29 trillion against N11.52 trillion archived on Monday
“The inviolable truth is that the Nigerian economy, like the economy of other Nations has its challenges which the Jonathan administration has courageously and innovatively been tackling with measurable, obvious and clearly tangible positive results in the last two years
In an opinion he wrote and distributed to some media outlets on Tuesday, a retired banker and now a fish farmer and importer in Niger State, Malam Zakari A. Usman, praised as “noble” the objective of government aimed at “saving foreign exchange and promoting local farming,” but warned that “an outright ban will have profound consequences for the people, who will be abruptly denied their sole source of protein
“Most of the deliberation meeting of the International Investors Council that has just concluded last week and the report from the index say from agriculture and all indicators are moving positively towards our target of 2020
“Though the Federal Government quickly denied the economy was in danger, it is now clear that it (government) was being economical with the truth. The clearest indication yet of this choreographed deceit are the contradictory statements credited to the Minister of Finance Ngozi Okonjo-Iweala in recent times
He added: “NAMB is soliciting for more funds aimed at providing
stability through bridging for MFBs short-term debt, refinancing and
venture partnership to MFBs and institutions with potentials
He said there were lots of funding packages initiated by the bank to
encourage agriculture, saying the low budgetary allocation for
agriculture was not good enough
Mr Livingstone Wechie, the Publicity Secretary of the organisation, said this in an interview with the News Agency of Nigeria (NAN) on Friday in Port Harcourt
Fayemi, whose administration’s free health programme has benefitted no fewer than 720,000 citizens, said the six newly purchased ambulances, which will complement the ones earlier purchased, are different from the typical ambulances as they are basically intensive care unit vehicles where minor surgeries can be carried out before a patient is transported to the nearest health facility
“We are told that no fewer than 11,500 women have lost their lives either during pregnancy or at child birth and we are saying this is not acceptable
“It is important to note, however, that the TIP Report does not simply measure the efforts of NAPTIP as an agency but rather, the Government of Nigeria as a whole
He said that the policy would reduce robbery, kidnapping, election rigging and even leakage in government revenue “because nobody will be cheated by the electronic machine”
“Some of them were regarded ghosts because they could not come for the verification because they were on studies leave outside the state, but when they return, they will also be verified
“What is happening now is an opportunity for able-bodied Nigerians, irrespective of status, to invest in the sector so as to increase production and meet both national and international demand.
“Investment in the sector is lucrative with no risk
So far we have deported over 240 girls since 2012, you will be shocked, at the extend of resistance from the girls, we tell them Russia is not a destination for prostitutes yet they still come” Asam said
It says 89 ships, carrying different cargoes, will sail into the ports from June 20 to June 29, with 20 ships carrying petroleum products and 11 ships carrying new and used vehicles