30 h. ago Tinubu says he’s upset over N1.5trn debts owed to contractors

Peeved by the backlog of debt owed to the federal government amounting to N1.5 trillion, President Bola Ahmed Tinubu has set up a high-level multi-ministerial committee to design a funding plan and clear the debt...

Politics

32 h. ago Tinubu creates panel to clear N1.5tn debts owed 2,000 contractors

President Tinubu forms a high-level committee to resolve the N1.5tn federal contractor debt, expressing displeasure over payment delays for 2,000 contracto Read More: https://punchng.com/tinubu-creates-panel-to-clear-n1-5tn-debts-owed-2000-contractors/

Politics

33 h. ago Tinubu Sets Up Ministerial Panel To Clear Debts Owed 2,000 Local Contractors

President Bola Tinubu has constituted a high-level ministerial committee to address the backlog of unpaid debts owed to more than 2,000 federal contractors, a liability estimated at over N4trn. Special Adviser to the President on Information and Strategy, Bayo Onanuga, disclosed this on Wednesday after the Federal Executive Council (FEC) meeting in Abuja. He said […]

Politics

4 d. ago Nigeria prioritises economic growth in foreign policy – Minister

Discover how Nigeria’s foreign policy is now anchored on economic growth, job creation, and strategic global partnerships under President Bola Tinubu. Read More: https://punchng.com/nigeria-prioritises-economic-growth-in-foreign-policy-minister/

Politics

7 d. ago FG begins payment of N185bn debts owed natural gas producers

The Federal Government has taken a decisive step to revitalise the gas industry and stabilise power generation after President Bola Tinubu authorised the settlement of N185 billion in long-standing debts owed to natural gas producers. The move, endorsed by the National Economic Council (NEC) headed by Vice President Kashim Shettima, marked one of the most […]

Economics

8 d. ago NEC Endorses Royalty Deductions To Pay ₦185bn Debt Owed Gas Producers

The National Economic Council (NEC) has endorsed President Bola Tinubu’s approval for the settlement of ₦185 billion outstanding obligations owed to gas producers, adopting a royalty-deduction arrangement to clear the long-standing debts and boost domestic gas supply. At its 154th meeting held virtually on Wednesday and chaired by vice president, Kashim Shettima, NEC received a […]

Economics

2 w. ago Federal Govt Mulls Using Dana Air Assets To Offset Debts— Keyamo

The Minister of Aviation and Aerospace Development, Festus Keyamo, has stated that the federal government may utilise Dana Air’s assets to refund trapped funds of passengers, airline travel agents, and other debts owed by the airline. The minister also stated that he would direct the Nigeria Civil Aviation Authority (NCAA) to investigate why funds trapped […]

Politics

2 w. ago Federal Government Mulls Clearing Dana Air Debts With Airline’s Assets

The Minister of Aviation and Aerospace Development, Festus Keyamo, has disclosed that the federal government may go after the assets of Dana Air to refund trapped funds of passengers, airline travel agents and other debts owed by the airline. This is even as the minister said he would direct the Nigeria Civil Aviation Authority (NCAA) […]

Politics

4 w. ago We inherited N600bn debt, N180bn contractor liabilities from Obaseki — Okpebholo

Governor Monday Okpebholo of Edo State has disclosed that his administration inherited over ₦600 billion in local and foreign debts and ₦180 billion owed to contractors...

Politics