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The World Bank has revealed that the Nigerian National Petroleum Company Limited has only been remitting 50 per cent of revenue gains from the removal of the Premium Motor Spirit subsidy to the Federation Account. This disclosure is contained in the latest World Bank Nigeria Development Update, which highlights concerns over fiscal transparency and revenue […]
Continue ReadingBen Akabueze, the Director General (DG) of the Budget Office of the Federation, on Tuesday said cutting budget allocations to Federal Government agencies would not have a significant impact on Nigeria’s revenue. The DG said this in Abuja at the launch of the Nigerian Development Update by the World Bank. According to him, allocations to […]
Continue ReadingCatholic Bishop of Sokoto Diocese, Nigeria, Dr. Mathew Hassan Kukah has enjoined Nigerians to prepare for a post oil withdrawal syndrome (POWS), noting that 60 years after oil was first found in commercial quantity, the nation could neither feed itself nor adequately educate its youths or provide power. Kukah also blamed multinational companies operating in […]
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