Connect with us

News

FG is prioritizing programs to solve domestic revenue concerns, Zainab claims

Published

on

Recognising that Nigeria is contending with increasing fiscal and domestic revenue constraints, the federal government says it’s prioritising fiscal policies and reforms aimed at not only providing short and medium term relief but also at sustainability addressing the longstanding challenge of domestic revenue mobilisation.

Minister of Finance, Budget and National Planning, Zainab Ahmed, made this known in a goodwill message she delivered at the Central Bank of Nigeria (CBN) international day commemorative event themed ‘Gender Equality Today for A Sustainable Tomorrow’.

A press statement issued by the minister’s media assistant, Yunusa Tanko Abdullahi, Thursday, quoted Mrs. Ahmed as saying “funding and gender sensitive fiscal policies are critical, as are credible disaggregate data and impact monitoring and evaluation.”

She stated that the government is also prioritising work towards improving internally generated revenue, blocking tax leakages, creating new tax sources, and promoting effective tax collection.

Advertisement

According to her, this is being achieved in part through continued implementation of the Strategic Revenue Generation Initiative (SRGI), and through continued incremental fiscal reforms via the introduction of annual Finance Bills, as well as reducing administrative inefficiencies and lowering the overall cost of governance.

“Through the implementation of the annual Finance Acts, we are providing tax relief and other support to micro, small and medium enterprises (MSMEs), many of which are women-owned,” she said.

The minister said “the country is developing an Integrated National Financing Framework (INFF) to strengthen our planning processes; and strategically identify and mobilise the resources required to finance our most recent medium and long term development plans.

ALSO READ  Google warns Chrome users about risk of being hacked

“We are committed to ensuring that the INFF is gender responsive, in line with overall government commitments around gender responsive national development planning and financing.”

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Ghana is looking to supply Nigeria with its electricity needs following power grid shutdown

Published

on

LAGOS- With the goal of achieving “100% universal energy access” and maybe exporting electricity to its neighbor, Nigeria, Ghana has steadily been developing its power sector.

During his presentation in Lagos on the second day of the Nigeria Energy Leadership Summit, Mr. Hanson Monney, the Head of the Generation and Transmission Unit at the Ghanaian Ministry of Energy, made this point, emphasizing that via effective policy development and implementation, Ghana has already attained an impressive 80% to 85% universal energy access inside its boundaries.

“So, we are working on all these things to make sure that the power system of Ghana continues to be as good as it is or even better, and then, maybe, we can be exporting more to our big brothers in Nigeria when the grid is finally settled,” Mr. Hanson Monney said

This declaration follows the second national power grid breakdown in Africa’s most populous country and the continent’s top oil producer, Nigeria which resulted in a total blackout of homes and businesses.

Advertisement

In contrast, Ghana is aggressively pursuing a variety of energy sources, including grid electricity, mini-grids, and solar-dominated renewable energy, to attain “Universal access to energy by 2024” as instructed by the country’s President.

Monney agreed that the geographic limitations make it difficult to provide everyone in Ghana with access to electricity, particularly on isolated islands, riverbanks, or lakeside villages. In response to this, he stated,

“So, now, we are trying to scale our renewable energy access, and that is how we have planned in 2022 to scale up our renewable energy program,” he said.

ALSO READ  Flutterwave secures switching and processing license, Nigeria’s highest payments processing license

Financial sustainability is one of the biggest problems facing Ghana’s power sector, as the country struggles with growing debts and the purchase of surplus capacity.

“There is so much debt that the government has to shore up to make sure that the system is afloat because we have procured a lot of excess capacity, which comes with attendant costs. So, these financial challenges require some policy actions to eliminate legacy debts,” Mooney stated.

Advertisement

Monney stressed the significance of lowering electricity prices, particularly for enterprises, since high electricity bills are a major issue in Ghana. “We saw that in Ghana historically. These industries have been subsidizing the residential sector, and it should be the other way around. Industries should remain viable so that businesses can thrive,” Mooney stated.

Continue Reading

Crime

EFCC declares Delta brothers wanted over alleged N330m fraud

Published

on

The Economic and Financial Crimes Commission has declared two siblings from Delta State wanted for alleged fraud of N330 million.

This was contained in a statement issued by the EFCC spokesperson, Wilson Uwujaren, copies of which were made available to journalists in Warri, Delta State on Friday.

The anti-graft agency named 55-year-old Faith Onoja and 44-year-old Emmanuel Onoja, both from Ughelli South Local Government Area of Delta State, as being declared wanted by the EFCC.

According to the commission, Faith’s last known address is “Close to Celestial Church, Ekrovie new layout, old Egini road, Orhuehorun, Delta State” while Emmanuel’s last known address is “No 6. Jasmison Street, NPDC/ND Western Estate, Warri, Delta State”.

Advertisement

The statement urged that “anybody with useful information as to their whereabouts should contact the commission” in its offices nationwide.

ALSO READ  Mother alleges autopsy reveals Whitney died of electrocution
Continue Reading

Education

Gov. Kefas Grants 50% Tuition Cut for Final Year Nursing Students

Published

on

In a move that underscores the commitment of the Taraba State Government to prioritize education and make it more accessible, the Taraba state Governor, Dr. Agbu Kefas has approved a significant reduction in tuition fees for final year students at the College of Nursing and Midwifery Jalingo.

Effective immediately, all final year students pursuing their nursing and midwifery diplomas will benefit from a 50% reduction in tuition fees. This decision aims at alleviating the financial burden on students and their families, ensuring that quality education remains affordable and accessible to all.

Dr.Agbu Kefas stated, “Education is the bedrock of our society, and we are dedicated to providing opportunities for our students to excel without the undue burden of high tuition costs. We believe that this reduction will not only support our students but also contribute to the development of the healthcare sector in our state.”

The Taraba State Government remains committed to enhancing the quality of education and healthcare services in the state. This reduction in tuition fees is a significant step towards achieving these goals.

Advertisement

ALSO READ  Boy who copy-designed Borno flyover gets N5m scholarship from governor
Continue Reading

Trending

Copyright © 2022 TheHeute.