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All posts tagged "federal ministry"

  • FG reduces debts owed marketers on oil subsidy to N971bn – Minister

    The Federal Government said on Monday that it reduced debts owed marketers on oil subsidy from N2.2 trillion in 2011 to N971 billion in 2012. The information is contained in a statement issued from the office of...

    • Posted September 24, 2013
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  • 2013 budget: Capital releases hit N850bn

    The Federal Government on Thursday released a fresh N250bn to Ministries, Departments and Agencies for the implementation of their third quarter capital projects captured in the 2013 budget. The Minister of Finance, Dr. Ngozi Okonjo-Iweala, confirmed the...

    • Posted August 24, 2013
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  • Nigeria, Cote d’Ivoire in railway development talks

    There are indications that Nigeria and Cote d’Ivoire will work together to execute a number of transport infrastructural projects to speed up the economic development in the two countries. Already, the two nations have agreed to jointly...

    • Posted August 4, 2013
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  • PHCN workers’ severance payment begins this week – FG

    The Federal Government has said workers of the Power Holding Company of Nigeria will start receiving the pay cheques for their severance benefits from this week in preparation for the conclusion of the privatisation of the power...

    • Posted August 1, 2013
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  • FG to fast-track establishment of venture capital firms

    The Federal Government said it will fast-track the establishment of vibrant and efficient venture and equity capital organisations that will help provide cheap funds for Micro, Small and Medium Enterprises across the country. The Minister of Industry,...

    • Posted July 19, 2013
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  • FG uncovers N58bn unremitted revenue

    Ministry of Finance has traced N58 billion unremitted revenue of the Federal Government to various bank accounts. It said the funds were ‘hidden’ by unscrupulous bank managers and collaborators in ministries, departments and agencies. The Coordinating Minister...

    • Posted June 14, 2013
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  • FG set to export $10m worth of vegetables

    The Federal Government plans to export fresh vegetables worth $10 million in 2013, Mr. Mike Kanu,  Deputy Director, Horticulture in the Federal Ministry of Agriculture, has said. Kanu said this in Umuahia at the commencement of the...

    • Posted May 27, 2013
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  • FG releases N200bn for second quarter; power sector gets largest share

    The Federal Ministry of Finance on Thursday released the sum of N200 billion for the second quarter of the fiscal year. This it said was to ensure progress in the execution of capital projects captured in the...

    • Posted May 24, 2013
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  • No plan to convert National Theatre to hotel, says minister

    Nigeria’s Minister for Arts, Culture and Tourism, Chief Edem Duke, has denied that the government planned to convert National Theatre, Lagos, to a five-Star hotel. Duke said in Lagos that there was no way an edifice, such...

    • Posted April 22, 2013
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  • FG renames Ministry of Trade and Investment

    The Federal Ministry of Trade and Investment has been renamed Federal Ministry of Industry, Trade and Investment (MITI), with effect from March 9, 2013. The new identity was said to have been informed by the need to...

    • Posted March 18, 2013
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