10 World bank officials in Nigeria to meet with Osinbajo and governors over projects
The Minister of Finance, Mrs. Kemi Adeosun, on Thursday said that the Federal Government was targeting to earn more revenue through the introduction of additional five million taxpayers to the tax net.
She pointed out that the administration was driving the mobilisation of more revenues to sustain Nigeria's economic growth, adding that the current administration was paying attention to electricity which it considered critical in expanding the economy.
She said despite crude oil prices rising amid global tensions, government would not get complacent, but remain optimistic and vigilant, and continue to push on fundamentals to drive economic growth.
He said, "It is important that the government keeps pushing on reforms, in particular its sustainability is very important for keeping the pace to increase inclusive growth, going forward". Then we also have our energizing market programme, these are off-grid solutions where we provide solar power to replace generators that people use in the markets like Ariara in Aba, in other markets in Lagos and Akure, Ondo State. Because most of what the government spends is from oil and the taxes of the few, many citizens simply see government money as belonging to no one.
The 10 World Bank's Executive Directors, representing 96 countries, are expected to inspect the Azura Power Plant in Edo State in the course of their three-day visit to Nigeria.
He said the reason why mismanagement of funds thrived in the past was that oil monies were readily available thus reducing the necessity for people to pay taxes.
She, therefore, appealed to Nigerians to "trust the President Buhari Administration to deliver on its promises of improving the economy and providing sustainable infrastructure development". It is cheaper and it is cleaner and we bring in the private sector to install the solar power.
Boeing Set To Lose $20 Billion Thanks To Trump's Decision On Iran
The sanctions on oil will require European and Asian countries to reduce their imports from Iran, the paper said. It has delivered three planes so far, the first new aircraft acquired by Iran in 23 years, the Post reported.
Minecraft's Bedrock Update, Crossplay Coming to Nintendo Switch in June
Previously, each platform had its own specially designed version, created by the developers of 4J Studios. The update will also include achievements and gamerscore to track progress.
March overdose deaths reached near-record level in BC
The Coroners Service also released its quarterly statistics on the number of fatal overdoses in which fentanyl was detected. For this year, there have been five deaths where fentanyl has been detected in the North Shore/Coast Garibaldi area.
In the World Bank Mission are the Bank's Executive Directors for Switzerland, France, Italy, Nordic, Peru, Germany, South Africa (representing Angola, Nigeria and South Africa), Burkina Faso (representing Francophone Sub-Saharan Africa), Zimbabwe (representing Anglophone Sub-Saharan Africa), United Kingdom and Indonesia.
"We have the Conditional Cash Transfer, a programme in which we are getting full support from the World Bank".
The delegation will discuss ongoing World Bank projects and Nigeria's development priorities with the Vice President, Minister of Finance and the state governors.
Osinbajo said that the Buhari administration's Social Investment Programmes were targeted at ensuring inclusion and taking millions of Nigerians out of poverty.
Additional $125 million financing for State Health Investment Project; the $50 million second additional financing to Third National Fadama Development Project and the $125 million additional financing for polio eradication support project were also approved by the bank on June 7, 2016.
The World Bank officials had earlier met with the organised private sector in Lagos and undertaken a tour of LAPO Microfinance project in Lagos.
Recommended News
-
11 May 2018Rolls-Royce hopes 4x4 will sparkle
Aussies with deep pockets can place orders now - and Rolls says we've been among the first in the world to lay our money down. These are created to be easily slotted into the Cullinan's cargo bay where the gear is presented from a motorized drawer.
11 May 2018President Pavlopoulos welcomes Prince Charles of Wales to Athens
When asked about the upcoming royal wedding, Prince Charles told reporters: "It's absolutely marvellous". Finally, he too talked about his wish to have the opportunity to visit Athens again.
11 May 2018Tech and energy companies help lift USA stocks in early trade
Sysco added 1.9 percent after the food distributor reported earnings that came in ahead of what analysts were expecting. Energy companies also rose as the price of crude oil closed above $70 a barrel for the first time since November 2014. -
11 May 2018Reds-Harvey's New Home
Take the Reds to come out on top in the first game of their four-game series on the road at Dodger Stadium on Thursday night. Harvey's fastball velocity has also tailed off this season, dropping from almost 94 miles per hour in 2017 to 92.6.
11 May 2018Remains are girl missing since '09
The remains of a Washington girl who went missing in 2009 were discovered by hunters in September 2017, police revealed Thursday. At the time of her disappearance, Baum was 4 feet 9 inches tall and weighed 80 pounds, with brown hair and brown eyes.Analyze Good and Bad Sides of: Itau Unibanco Holding SA (NYSE:ITUB)
It represents a security's price that, if achieved, results in a trader recognizing the best possible outcome for his investment. When we have been seen snap of a longer-term MA 200-day then it shown damaging position along a downward movement of -2.38%. -
11 May 2018Cuba, Venezuela y Chile: el periplo del presidente palestino en la región
Los gobiernos palestino y venezolano suscribieron este lunes varios acuerdos de cooperación en los sectores del turismo, empresarial y militar.
11 May 2018FCC makes $120M robocall fine for Florida man official
After answering the calls, people were redirected to foreign call centers that attempted to sell timeshares and vacation packages. Investigators said Abramovich used the robocalls to "trick" consumers into answering and listening to his advertisements.'Black dot' bug now crashes iPhone devices- Here's how to fix it
Another features a black dot and contains the words "if you touch the black point then your WhatsApp will hang". It will help you to navigate through messages my filtering out "unread chats", "groups" and "broadcast lists". -
11 May 2018How To Use Android P's Confusing New Gesture Controls
We can also look forward to a streamlined sign-in flow for users on iOS hardware or those connecting through PC browsers. In an unprecedented move, Google has announced the availability of Android P for several non-Google branded smartphones.
11 May 2018Homeland Security Chief Nearly Resigned This Week
As head of Homeland Security, Nielsen oversees a 20,000-person work force under Immigration and Customs Enforcement. However, a representative for the Department of Homeland Security, Tyler Q.
11 May 2018'Karate Kid' Revival Series 'Cobra Kai' Gets Season 2 Renewal at YouTube
The show's popularity is a result of its decades-long franchise, which has entertained viewers for over three generations. YouTube Red is now available in the United States, Australia, New Zealand, Mexico and Korea.
