Latest from factual, authoritative and accessible economic magazine, the Economic Confidential. You can also join us on the Facebook http://www.facebook.com/economicconfidential http://www.facebook.com/economicmagazine and and also Twitter : http://twitter.com/economicng
Windfall of N921 billion Shared to Tiers of Government in February 2012
It was another season of windfall when the tiers of government shared a total sum of N921 billion from different sources of revenue at the last meeting of the Federation Account Allocation committee (FAAC) which was held in Abuja. The meeting was chaired by Dr. Yerima Lawal Ngama, Finance Minister of State who is also the Chairman of FAAC. Read: http://economicconfidential.net/new/financial/facts-a-figures/937-windfall-of-n921-billion-shared-to-tiers-of-government-in-february-2012
Why Corpers Should Go to Farms and Rural Areas- Youth Minister
The Minister for Youth Development has warned that from the curent corps members in the camps there would be no preferential postings while the new NYSC policy is intended to ensure corps members are posted to areas that would impact postively on the economy including farms and other sectors in the rural areas. Read more: http://economicconfidential.net/new/interviews/936-why-corpers-should-go-to-farms-and-rural-areas-youth-minister
Dr. Precious Gbeneol: Breaking the Circle of Poverty through MDG
Dr. (Mrs.) Gbeneol, a Consultant Family Physician was Secretary of Health, Federal Capital Territory before are present appointment as Senior Special Assistant to the President on MDG. The Economic Confidential gathered that she was appointed to the position because of her passion for the fight against poverty, as well as equity and justice for women. She recently launched a programme Conditional Grants Scheme (CGS) worth N22 billion that would go to local government councils In Nigeria. Read more: http://economicconfidential.net/new/component/content/article/915-dr-precious-gbeneol-breaking-the-circle-of-poverty-through-mdg
Every State is Entitled to 13% Derivation Revenue - RMAFC
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has disclosed that every state in Nigeria is entitled to derivation revenue from natural resources if properly harnessed for economic development. Read more: http://economicconfidential.net/new/news/national-news/920-every-state-entitles-to-13-derivation-revenue-rmafc
A budget of Paramilitary Nation
These seven agencies combined employ about the same number of people as the Nigeria Police Force, and spend nearly as much. Apart from Avisec whose source of funding is unclear from the budget, and the NCS which gets 7% of its collection as "internal revenue", the five agencies will consume about N195 billion in 2012. Read more: http://economicconfidential.net/new/features/935-a-budget-of-paramilitary-nation
Sabo Mohammed: A PR Doyen Gone Silently
More deaths came calling at a period the country had just buried the ex-Igbo warlord Ikemba Odumegbu Ojukwu and an economist of distinction, Professor Sam Aluko, when the news filtered in that a doyen of public relations in Nigeria, Alhaji Sabo Sarki Mohammed passed away on February 5, 2012. Alhaji Sabo Mohammed was the first elected National President of Nigeria Institute of Public Relations (NIPR) from the North. Read: http://economicconfidential.net/new/features/938-sabo-mohammed-a-pr-doyen-gone-silently
Sanusi Cautions African Central Banks on Debt Crisis
The Governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi has warned other central banks' governors not to lower their guard in view of the lingering European debt crisis and the continuing threats of global financial crisis. Read: http://economicconfidential.net/new/financial/monetary/926-sanusi-cautions-african-central-banks-on-debt-crisis
NDIC Gives Assurance on Banking Reforms as it Appoints Debt Recovery Agents
The Nigeria Deposit Insurance Corporation (NDIC) has again reiterated that the ongoing banking sector reforms would foster the emergence of a sound banking system that would support sustainable economic growth and development. Read: http://economicconfidential.net/new/financial/monetary/919-ndic-gives-assurance-on-banking-reforms
Rivers Signs Multi-million Naira Contract for Electricity Supply
The Rivers State government and Schneider Electric, global specialist in energy management, have signed a contract valued at €20 million for the supply of electricity within the state and its environs. Read: http://economicconfidential.net/new/news/state-news/929-rivers-signs-multi-million-naira-contract-for-electricity-supply
Oyo Governor Bemoans Past Administration for Poverty
Governor Abiola Ajimobi of Oyo State has said the state still ranked among the poorest in the country.
The governor who made the disclosure at the unveiling of the Development Agenda for Western States (DAWN) in Lagos said that the situation was a fallout of the kind of leadership given by past administration in the state.Read: http://economicconfidential.net/new/news/state-news/928-oyo-governor-bemoans-past-adminstration-for-poverty
It was another season of windfall when the tiers of government shared a total sum of N921 billion from different sources of revenue at the last meeting of the Federation Account Allocation committee (FAAC) which was held in Abuja. The meeting was chaired by Dr. Yerima Lawal Ngama, Finance Minister of State who is also the Chairman of FAAC. Read: http://economicconfidential.net/new/financial/facts-a-figures/937-windfall-of-n921-billion-shared-to-tiers-of-government-in-february-2012
Why Corpers Should Go to Farms and Rural Areas- Youth Minister
The Minister for Youth Development has warned that from the curent corps members in the camps there would be no preferential postings while the new NYSC policy is intended to ensure corps members are posted to areas that would impact postively on the economy including farms and other sectors in the rural areas. Read more: http://economicconfidential.net/new/interviews/936-why-corpers-should-go-to-farms-and-rural-areas-youth-minister
Dr. Precious Gbeneol: Breaking the Circle of Poverty through MDG
Dr. (Mrs.) Gbeneol, a Consultant Family Physician was Secretary of Health, Federal Capital Territory before are present appointment as Senior Special Assistant to the President on MDG. The Economic Confidential gathered that she was appointed to the position because of her passion for the fight against poverty, as well as equity and justice for women. She recently launched a programme Conditional Grants Scheme (CGS) worth N22 billion that would go to local government councils In Nigeria. Read more: http://economicconfidential.net/new/component/content/article/915-dr-precious-gbeneol-breaking-the-circle-of-poverty-through-mdg
Every State is Entitled to 13% Derivation Revenue - RMAFC
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has disclosed that every state in Nigeria is entitled to derivation revenue from natural resources if properly harnessed for economic development. Read more: http://economicconfidential.net/new/news/national-news/920-every-state-entitles-to-13-derivation-revenue-rmafc
A budget of Paramilitary Nation
These seven agencies combined employ about the same number of people as the Nigeria Police Force, and spend nearly as much. Apart from Avisec whose source of funding is unclear from the budget, and the NCS which gets 7% of its collection as "internal revenue", the five agencies will consume about N195 billion in 2012. Read more: http://economicconfidential.net/new/features/935-a-budget-of-paramilitary-nation
Sabo Mohammed: A PR Doyen Gone Silently
More deaths came calling at a period the country had just buried the ex-Igbo warlord Ikemba Odumegbu Ojukwu and an economist of distinction, Professor Sam Aluko, when the news filtered in that a doyen of public relations in Nigeria, Alhaji Sabo Sarki Mohammed passed away on February 5, 2012. Alhaji Sabo Mohammed was the first elected National President of Nigeria Institute of Public Relations (NIPR) from the North. Read: http://economicconfidential.net/new/features/938-sabo-mohammed-a-pr-doyen-gone-silently
Sanusi Cautions African Central Banks on Debt Crisis
The Governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi has warned other central banks' governors not to lower their guard in view of the lingering European debt crisis and the continuing threats of global financial crisis. Read: http://economicconfidential.net/new/financial/monetary/926-sanusi-cautions-african-central-banks-on-debt-crisis
NDIC Gives Assurance on Banking Reforms as it Appoints Debt Recovery Agents
The Nigeria Deposit Insurance Corporation (NDIC) has again reiterated that the ongoing banking sector reforms would foster the emergence of a sound banking system that would support sustainable economic growth and development. Read: http://economicconfidential.net/new/financial/monetary/919-ndic-gives-assurance-on-banking-reforms
Rivers Signs Multi-million Naira Contract for Electricity Supply
The Rivers State government and Schneider Electric, global specialist in energy management, have signed a contract valued at €20 million for the supply of electricity within the state and its environs. Read: http://economicconfidential.net/new/news/state-news/929-rivers-signs-multi-million-naira-contract-for-electricity-supply
Oyo Governor Bemoans Past Administration for Poverty
Governor Abiola Ajimobi of Oyo State has said the state still ranked among the poorest in the country.
The governor who made the disclosure at the unveiling of the Development Agenda for Western States (DAWN) in Lagos said that the situation was a fallout of the kind of leadership given by past administration in the state.Read: http://economicconfidential.net/new/news/state-news/928-oyo-governor-bemoans-past-adminstration-for-poverty
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