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Top News In ஒருங்கிணைந்த பவர் செடிகள் Today - Breaking & Trending Today

Power generation: Only 25 of 160 licensed GenCos operating - APGC

Power generation: Only 25 of 160 licensed GenCos operating - APGC
nairametrics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairametrics.com Daily Mail and Mail on Sunday newspapers.

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FG reassures investors, insists on sale of 5 power plants

FG reassures investors, insists on sale of 5 power plants
nairametrics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairametrics.com Daily Mail and Mail on Sunday newspapers.

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EXCLUSIVE: Nigeria to sell refineries, ICC, 34 others (FULL LIST)

The government is to sell or concession 36 of its properties between January 2021 and November 2022. ....

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Breaking News | Breaking News FG to finance 2021 budget with proceeds from sale of refineries, TBS, 34 other national properties

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To finance its bloated 2021 budget of N13.58 trillion signed by President Muhammadu Buhari on December 31, 2020, the Federal government is proposing to sell or concession about 36 of its properties to raise funds.
These properties cut across energy, industries, communication and infrastructural sectors and the concession and sale of these properties is expected to happen within the year and November 2022.
In a document submitted to the National Assembly by the Executive titled “NCP Approved 2021 Work Plan,” and seen by
PremiumTimes, it shows the names of the “projects”, the strategy to be used for the sale of these properties, the duration of the process for the sales as well as the cost of the properties. ....

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Eminent domain over citizens' funds – Punch Newspapers

Punch Newspapers
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To reduce future debt servicing bill, the Federal Government got the Central Bank of Nigeria to crash interest payable on Treasury Bills, then raised Value Added Tax from five per cent, to 7.5, per cent, to raise its revenue profile.
But strangely, the same cash-starved Federal Government is shaving duties on imported cars from 35, to five, per cent, with the outlandish explanation that this will lead to a reduction in cost of transport, and positively reflect on cost of food.
Also, the Federal Government is thinking of selling off non-oil assets to fund the 2021 Budget. Funds from “Ancestor” Sani Abacha are thinning out as his family want the courts to unfreeze foreign bank accounts traced to him. ....

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