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FG Admits Revenues Crashing, Says Nigeria Faces Hard Times

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, finance minister Zainab Ahmed

Minister of finance, budget and national planning, Zainab Ahmed has admitted that it is time for states to internally generate their own revenues because Nigeria’s economy is presently facing a difficult time.

The minister said the country’s economy was stabilizing from the recession, which the country exited a few months ago.

She says it is imperative that states boost their internally-generated revenues because federal revenues are low while demand for expenditures are very high.

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Nigerian News

Power Restored To National Grid After System Collapse

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Ghanaians Blames Power Firm For Nationwide Blackout

The Transmission Company of Nigeria says power has been restored to national grid after a system collapse left most of the nation in the dark on Wednesday.

The company said on Thursday electricity has been restored across the entire grid through which distribution companies offtake electricity they deliver to consumers nationwide.

TCN’s public affairs general manager Ndidi Mbah, says experts were already making efforts to fully restore electricity on the grid.

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Nigerian News

Army Denies Boko Haram’s Eid Donations Report

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The Nigerian Army has denied reports that Boko Haram insurgents distributed Eid donations to communities in the northern states of Borno and Yobe.

Reports alleged the terrorist group had donated food and money to residents in attempts to woo them to support its activities.

The army says the reports were “propaganda,” and that it had conducted investigations and established the reports were untrue.

The army said in a statement “our team of eagle-eyed analysts went further to critically examine the pictures attached to this malicious publication and discovered that they were simply stage-managed in a typical terrorists-styled propaganda.

Nigeria continues to experience a wave of insecurity occasioned by attacks and kidnappings carried out by Boko Haram militants.

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Nigerian News

Nigeria Seeks To Tap Into Digital Economy

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Nigeria Seeks To Tap Into Digital Economy

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