A total of N619.857 billion has been distributed as federal allocation for the month of February 2019 among the Federal, States and Local Government Councils. A communiqué by the Technical Sub -Committee of the Federation Accounts Allocation Committee (FAAC) at the end of its February meeting, indicated the gross statutory revenue received was N478.434 billion. […] …
Tag: import
Reps to stop Health Ministry from importing, distributing equipment to hospitals
The House of Representatives Committee on Health Institutions has said that it would stop the Ministry of Health from importing and distributing health equipment to government hospitals.
Continue reading Reps to stop Health Ministry from importing, distributing equipment to hospitals at Vanguard News Nigeria. …
Fuel import costs $15b yearly
Nigeria is spending about $15billion yearly on fuel importation, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has said. A statement titled: Green Field Refinery Initiative yesterday quoted Baru as saying the country spends between $12billion to $15billion yearly to reduce the deficit in daily domestic fuel consumption in the country.Read More
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Farmers, others kick over N116b palm oil import
Stakeholders in the agricultural sector have kicked against palm oil import , urging President Muhammadu Buhari and the Federal Executive Council (FEC) to halt the trend. Nigeria, according to a report, spent N116.3 billion on palm oil import last year. Speaking with The Nation, the farmers and members of the Plantation Owners Forum of NigeriaRead More
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Reps summon 29 firms ahead of import waivers fraud probe
ABUJA—THE House of Representatives Committee on Customs will next week begin a probe into the multi-billion Naira fraud allegedly committed by some companies granted import duty waivers by the federal government.
The post Reps summon 29 firms ahead of import waivers fraud probe appeared first on Vanguard News. …