National Economic Council – InfoStride News

Hate Speech is an Act of Terrorism, Acting President Osinbajo warns

Ade Adewale — Thu, 17 Aug 2017 18:16:09 +0000

Nigeria’s Acting President, Prof. Yemi Osinbajo has declared that the country has draw line today as hate speech will no longer be tolerated. It’s an act of terrorism, he warns. Opening Remarks by His Excellency The Acting President, Prof Yemi Osinbajo, SAN, GCON, At The National Economic Council (NEC), National Security Retreat, at the Banquet Hall [...]

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Finance Minister Discloses FG, States, LGs Share N369bn For November 2015

Kunle Atiba — Wed, 23 Dec 2015 13:14:05 +0000

Nigeria’s Minister of Finance, Mrs Kemi Adeosun, on Tuesday, December 22, disclosed that N369.9billion was shared among the Federal, States and Local Governments for November 2015. She stated this when she addressed journalists on the outcome of the Federation Accounts Allocation Committee (FAAC) meeting in Abuja. She added that the amount comprised the month’s statutory revenue of [...]

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Balance Of The Abacha Loot Stands At $26m And £19 Million – FG

Wale Adebayo — Fri, 18 Dec 2015 14:38:05 +0000

Nigerian Government, yesterday, December 17, declared that the balance of the Abacha loot stands at $26m and £19 million. The announcement was made at the end of the National Economic Council (NEC) meeting, presided over by Vice President, Prof. Yemi Osinbajo, at the Presidential Villa in Abuja. The late military dictator, General Sani Abacha, is believed [...]

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Governor Amosun Denies Allegation That He Said FG Will Write Off Bailout Fund Or Give States Moratorium

Wale Adebayo — Sun, 22 Nov 2015 17:09:05 +0000

Ogun State Governor Ibikunle Amosun on Saturday denied reports that he said the federal government will write off the bailout fund extended to some states of the federation. “I was quoted out of context. I never said the federal government was going to write off the bailout fund”, the governor said. A statement issued by [...]

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National Economic Council Approves Sharing Of $150m NLNG Dividend Among Tiers Of Government

Wale Adebayo — Sat, 21 Nov 2015 15:58:37 +0000

The National Economic Council (NEC) chaired by Vice President, Prof. Yemi Osinbajo on Thursday approved $150 million out of $400 million Nigeria Liquefied Natural Gas (NLNG) dividend to be shared amongst the three tiers of government. The amount is to be shared according to the formula being used by the Federation Account. The NEC members [...]

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Federal Government Begins Probe Of NIMASA, NNPC, NPA, Others Over Naira Remittances

Wale Adebayo — Sat, 17 Oct 2015 08:34:33 +0000

FG has launched investigations into fraudulent practices carried out in government’s revenue generating agencies during the last administration. The probe, this time, is focused on the agencies that remitted naira denominations to the Federation Account instead of the actual dollar revenue. The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, informed the National Economic [...]

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Nigeria’s National Economic Council Approves Refund Of 535.5b Naira To States For Maintaining Federal Government Roads

Wale Adebayo — Fri, 18 Sep 2015 15:05:26 +0000

The Federal Government has decided to share another round of funds to the tune of 535.5 billion naira to the state governments. This fund is meant for reimbursement of the cash spent on maintaining federal roads across the country. The decision was taken at yesterday’s National Economic Council (NEC) meeting presided over by Vice President Yemi [...]

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Vice President Osinbajo Says Boko Haram Is Planning To Bomb His House

Wale Adebayo — Thu, 23 Jul 2015 20:15:20 +0000

Nigeria’s Vice President Yemi Osibanjo has raised the alarm that Boko Haram members were planning to bomb his house. Osinbajo made the disclosure at the National Economic Council (NEC) meeting with governors at the presidential villa in Abuja on Thursday. However, he did not mention which of his residences was under threat, reports Vanguard. A communique [...]

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Governors To Seek Further Bailout Fund From The Federal Government

Wale Adebayo — Tue, 21 Jul 2015 18:15:06 +0000

Despite sharing $2.1 billion dividend paid into the Federation Account by the Nigeria Liquefied Natural Gas (NLNG) company about three weeks ago, indications have emerged that Governors are set to press for another bailout fund from the Federal Government when the National Economic Council (NEC) meeting is convened at the Presidential Villa, Abuja. Some of [...]

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