As part of plans to ensure sanity in the Nation's Energy sector, the Federal Government of Nigeria on Thursday 30th May 2019 announced the removal of Value Added Tax (VAT) on liquefied petroleum gas (LPG), also called cooking gas. It has been established that the issues have raised concern to members of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM).
The Federal Government says it will grant tax incentives to private companies willing to fund the construction of major road projects in the six geopolitical zones of the country. Speaking during the Public Presentation of the Approved 2019 Budget in Abuja, Minister of Finance, Mrs Zainab Ahmed made the disclosure.
Worried by the growing number of jobless persons on the street, President Muhammadu Buhari through the Minister of Industry, Trade, and Investment, Dr. Okechukwu Enelamah has revealed that the Federal Government has adopted strategies to generate 20 million jobs in the next phase of the Buhari's administration.
As part of programme scheduled for the "World Day for Cultural Diversity for Dialogue and Development”, Mr Antai Asuquo, the Operations Controller of the Department of Petroleum Resources (DPR), Warri Zonal Office, has said that the Federal Government had no plan to increase the pump price of petrol.
The Federal Government of Nigeria says the Korean government through its agency, Korea International Cooperation Agency (KOICA), spent the sum of $500m in developing the Nigerian e-government master plan and building human capacity for its implementation.
The Minister of Communications, Mr. Adebayo Shittu made this known in Abuja even as an e-government Master plan was launched by the Nigerian government to drive transparency and improve the quality and the cost-effectiveness of public service delivery in the country.
In the latest Nigerian Gross Domestic Product Report, the National Bureau of Statistics (NBS) disclosed that Nigeria's real Gross Domestic Product (GDP) has grown marginally in the first quarter of 2019.
According to the report the GDP rose by 0.12 percent point as against the fourth quarter of 2018 which recorded a decline of -0.38 percent points.
In what appears to be stunning, the House of Representatives has recommended that 16 commercial banks complicit for not remitting N1.6 billion stamp duties into the federation account be penalized. The House made the recommendation on Thursday when it adopted a report on non-remittance of trillions of naira of stamp duties by financial institutions into the federation account.
Following 32 years of neglect by successive government, respite finally came the way of residents of Umunya and Awkuzu communities in Uyi local government of Anambra state as the Federal Government led by President Muhammadu Buhari mobilized contractors to the stalled infrastructural facilities at the Federal Sites and Services Scheme.