Parent companies enjoy profits in the form of dividends from their subsidiaries; think of it like royalties or tribute to a Queen. The Nigerian Petroleum Development Company Ltd (NPDC), however, denied her parent company, Nigerian National Petroleum Corporation (NNPC) any such tribute in 2018. NPDC made ₦179 billion profit-after-tax, yet declared no dividends to NNPC.
The unmet needs of family planning increased drastically during the peak of the COVID-19 lockdown in Nigeria. In Kaduna, experts said the lockdown created a room for shortages in the supply of commodities and a high rate of unintended pregnancy. They also discussed the paucity of funds, which resulted in poor management of family planning in Kaduna.
Despite COVID-19 pandemic erasing $79 billion in Africa’s output in 2020, a new report by the World Bank has shown that Africa’s trade pact could boost the region’s income.
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In the first quarter of 2020, the Federal Government made N950.56 billion in revenue. Of this amount, N943.12 billion went into debt servicing, representing 99 percent of the total revenue. But policymakers have attributed the issue to revenue shortfall than debt servicing. Arising from these is the problem of revenue leakages, sharp practices from tax administrators, and lack of institutional framework.
Our findings show that the Federal Government of Nigeria incurred 350 billion Naira debt through Sukuk Bond on three different offerings since 2017. Yet, the most shocking detail is what’s being done or what isn’t.
The Accountant General of the Federation, Mr. Ahmed Idris, spent N520,000 to counter a request for Freedom of Information (FOI) on N173 billion spendings without proper records.
According to the Dataphyte investigation, COVID-19 emergency procurements worth ₦451.18 million have been awarded to unverifiable contractors or suppliers.
The Federal Government has been urged to prioritise family planning and close funding gaps in the face of COVID-19 pandemic. The resolution came at a webinar tagged, “Securing the Funding Gap for Family Planning in the Face of COVID-19”. The webinar held on Friday, June 3, 2020, was organised by Premium Times Centre For Investigative Journalism (PTCIJ) in collaboration with Partnership for Advocacy in Child & Family and Development Research (PACFaH) and Development Research Projects Centre (dRPC).
A natural resource management expert has identified mismanagement, benefits maximization among issues affecting the oil and gas sector in Nigeria.
Representatives from donor communities have called for a holistic approach and networking among funders across the country to create a much stronger organisation.
To support activities at combating COVID-19 pandemic in Nigeria, the donor community has raised about $6 billion in support of CSOs, media, and government agencies. This is according to checks by Dataphyte.
Nigeria’s Households Struggle to Cope With Increasing Food Prices
Without Due Process, NNPC Recruited More Staff Despite Losses, Personnel Earn More Than Nigerian President
The VAPP Act made provision of life imprisonment for rape offenders. Also provided 14 years imprisonment for offenders aged 14 and below. In other cases, a minimum of 12 years imprisonment without an option of fine.
The Centre for Democracy and Development (CDD) has identified open government and reforms in the Nigerian human capital sectors as crucial for economic development. The development organization said an open government can be achieved by leveraging new digital technologies in formulating programme strategies and implementation.
