Increasing Spending: FG Records N15.4tr Fiscal Deficit Amid Revenue Crisis

Increasing spending: FG records N15.4tr fiscal deficit amid revenue crisis

Within a three-year period covering July 2018 to June 2021, the Federal Government recorded a fiscal deficit of N15.35tn, statistics obtained from the Budget Office of the Federation have shown. A fiscal deficit is a shortfall in a government’s income compared with its spending. The government that has a fiscal deficit is spending beyond its revenues. Analysis of statistics from the Ministry of Finance showed that during the review period, Federal Government retained revenue stood at N12.79tn, while aggregate expenditure stood at N28.14tn. The major sources of government revenue include oil…

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FG Buys Planes For Geophysical Survey In 19 States

FG Buys Planes For Geophysical Survey In 19 States

The Federal Government, yesterday, took delivery of two aircraft to kick-start airborne geophysical activities for aerial survey and data collection in 19 states. Numbered ZS-XAS and ZS-XAR, the planes, which are the first batch of the deliveries, were procured from Xcalibur Multiphysics Company in South Africa. Minister of Mines and Steel Development, Olamilekan Adegbite, while inspecting the airplanes at the Nnamdi Azikiwe International Airport in Abuja, explained that the facilities would boost the knowledge of airborne geophysical survey activities to acquire data on minerals in the country. He advised residents…

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Nigerian Embassy, Consulates In U.S Uncover Fake Website For Passport Application

Nigerian Embassy, Consulates In U.S Uncover Fake Website For Passport Application

The Nigerian Embassy and Consulates-General in the U.S. have raised alarm over a fake website for passport applications. The alarm was jointly sounded Thursday by the Embassy of Nigeria in Washington, DC, the Consulate-General of Nigeria in New York and the Consulate-General of Nigeria in Atlanta. The missions warned Nigerians against using unauthorized websites and the need for them to seek proper guidance on passport applications. They also warned that the fake website was defrauding unsuspecting Nigerians by directing them to make payments, which are unauthorized by the missions. “The…

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Fed Govt Plans Compulsory COVID-19 Vaccination For Workers

Fed Govt Plans Compulsory COVID-19 Vaccination For Workers

The Secretary to the Government of the Federation, Boss Mustapha, on Thursday said the Federal Government would soon make COVID-19 vaccination compulsory for civil servants. He added that it would commence once there was enough vaccine to go round. Mustapha stated this during a meeting with the state’s commissioners for health in Abuja. He said, “The vaccine mandate will obviously come. Before now, simple yellow fever vaccine, you couldn’t travel without the card until Nigeria exited from the list of endangered countries. “The world is gravitating towards that direction. By…

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Biafran Separatist Sues Nigeria Asking To Be Freed, Allowed To Go To UK

Biafran Separatist Sues Nigeria Asking To Be Freed, Allowed To Go To UK

The detained leader of a separatist group in Nigeria has filed a lawsuit alleging that he was illegally transferred from Kenya to Nigeria and demanding he is freed and allowed to go to Britain, according to media reports citing legal documents. Nnamdi Kanu, who holds British citizenship, leads the Indigenous People of Biafra (IPOB) group which campaigns for secession in part of southeastern Nigeria. Nigerian authorities have labeled the group a terrorist organization. Kanu disappeared from Nigeria whilst on bail in 2017 after spending two years in jail. He was…

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