The administration of President Bola Tinubu is working to reduce taxes from the current 62 to a maximum of nine, to create a more business-friendly environment in the country. Chairman of Presidential Fiscal Policy and Tax Reforms Committee, Mr Taiwo Oyedele, disclosed this at the 2023 annual conference of the Institute of Chartered Accountants of Nigeria (ICAN), in Abuja, yesterday. …

The Federal Government has grown the power capacity of the national grid from 13,000 megawatts (MW) a few years ago to about 14,000 MW. This was done through the Association of Power Generation Companies (APGC), according to its Executive Secretary, Dr. Joy Ogaji. On the sidelines of the Association of Energy Correspondents of Nigeria’s 2023 annual international strategic conference last …

The Federal Government has approved the appointment of doctors, nurses, and other clinical healthcare workers as contract staff after attaining their compulsory retirement age or years. The government said the appointed contract staff would be on the same salary scale level that they retired on if they desire and deserve it. According to The PUNCH, a circular, dated 5th October 2023, …

Nigeria’s available power generation capacity has plunged by 2,324 megawatts due to deteriorating plants/units’ capacities and poor maintenance caused by liquidity challenges, among others, the Federal Government has said. It stated that though the country’s installed power generation capacity increased marginally, the quantum of available power crashed by over 2,300MW between 2015 and 2022. An analysis of the latest 2022 …

The federal government yesterday unveiled a strategy for the country’s agricultural sector in a move to address challenges in food production and nutrition. The strategy seeks to build on lessons learned in the implementation of the National Agricultural Technology and Innovation Policy (NATIP) 2022 -2027. Minister of Agriculture and Food Security, Abubakar Kyari who unveiled the plan in Abuja, highlighted …

Determined to deliver on the promise to create millions of jobs in the technology space, President Bola Ahmed Tinubu’s administration has proposed November 2023 to launch the $617.7 million Investment in Digital and Creative Enterprises (i-DICE) programme. To ensure this unfolds into a reality, Vice President Kashim Shettima has given an order to members of the i-DICE Steering Committee to …

The Minister of Works, Senator David Umahi, has announced a ban on the use of laterite as a base in road construction. He directed that henceforth, contractors should use lumps, sharp sand and stone base to form the base before laying concrete or asphalt pavement. The Minister gave this directive while inaugurating a committee for the supervision of the Reconstruction …

The Federal Government said it targets to reduce the poverty rate to 0.6 per cent and the unemployment rate to 6.3 per cent by 2030 and 2050 agenda. The Minister of Budget and Economic Planning, Senator Atiku Bagudu said this at a news briefing for the 29th Nigerian Economic Summit in Abuja on Thursday. The theme of the #NES29 scheduled …

The Federal Government has said it would convert 10 million Premium Motor Spirit (PMS) vehicles to Compressed Natural Gas (CNG) in the next 36 months. In a statement on Wednesday by the Spokesperson for the Minister of State Petroleum Resources (Gas), Louis Ibah, said the Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, stated this while on a panel tagged …

For the umpteenth time, Labour leaders have suspended their declared strike action after an eleventh-hour meeting with the government of President Bola Ahmed Tinubu. They said the suspension is for a period of one month. If, at the expiration of one month nothing concrete comes out of the so-called “promisory note” the Labour leaders said they got from the government …