By Bakare Majeed, Premium Times Nigeria President Bola Tinubu has declared that there would no longer be a petroleum subsidy regime as the current 2023 budget he glimpsed does not contain it. He stated this on Monday in his inaugural address at the Eagle Square, Abuja. The current 2023 budget has provision for the fuel
Debt Management Strategy: Senator Prince Otu should develop a comprehensive debt management strategy that focuses on reducing the debt burden over time. This strategy could include measures such as debt restructuring, renegotiating loan terms, and exploring options for refinancing at lower interest rates. It is important to prioritize debt repayment while ensuring the sustainability
Getting money cannot be disconnected from a skill, a product, a service or value addition. Unless you want to live on alms or charity. Even if it is inherited fortune, someone must have used a skill, sold a product or offered a service or added value, in the past, to earn that which you have
According to figures from the National Bureau of Statistics NBS and the Debt Management Office DMO, Cross River’s external debt grew from $184.6 million in June 2021 to $279.71million (N129,640,000000. current official exchange rate), in December 2021. While our internal debt has also risen from N159 billion to N197.2 billion at the end of December
In 2019, despite being the only State out of the 36 states of the Federation that exceeded the borrowing ceiling due to a high debt burden, Cross River State Government went on to acquire loans including an unapproved foreign loan of N1.4 billion for what it tagged “AFD CRS National Program for Food Security”. The
By Unini Chioma, The Nigerian Lawyer For the first time since she left office in 2021, the former Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman, revealed in her book titled: “Stepping on Toes”, how her battle to streamline excesses in the nation’s port system cost her job. According to her, the
By News Agency of Nigeria, NAN Mr. Festus Olumati, Port Manager, Nigerian Port Authority (NPA), Calabar Port, has said that the volume of vessels berthing at the Calabar Port has led to massive economic prosperity. Olumati said this on Sunday in Calabar while on oversight duty at the Port terminal where over four vessels were
By Ogar Monday Claim: Nigeria’s Minister of Finance, Zainab Ahmed, recently claimed that the country’s 7.5% VAT rate is the lowest in the world. Verdict: False. At least three other countries have a lower VAT rate than Nigeria. Full Text As Nigeria struggles with a rising cost of governance and depleting revenue, the government continues