Aso Villa Reads for 20/11/17


Every day, we bring you the best stories the media is reporting about the Government of Nigeria.

According to a report by Daily Sun, “the Fiscal Responsibility Commission (FRC) at the weekend said it has begun nationwide verification of capital projects belonging to various Ministries, Departments, and Agencies (MDAs) to ensure government’s funds are spent as budgeted. Consequently, the commission is intensifying efforts to ensure the amendment of the FRC Act to give it more power to punish or recommend sanctions to non-cooperating MDAs.”

“The Nigerian Navy said it destroyed over 1,000 illegal refineries and arrested several suspected oil thieves in the Niger Delta between January and September. The Chief of Naval Staff, Ibok-Ete Ibas, disclosed this while on the inspection tour of the Nigerian Navy Ship Pathfinder and other naval formations in Port Harcourt.” Premium Times reported this.

Daily Sun reported that “the Commonwealth Enterprise and Investment Council (CWEIC) has announced the appointment of Mr. Obinna Anyanwu as its first Country Head for Nigeria, ahead of next year’s Commonwealth Heads of Government Meeting. CWEIC is mandated by 52 Heads of Government to promote trade and investment across the Commonwealth nations and recognizing that Nigeria is vital to this mission, it will strengthen its relationship and commitment to the Nigerian government and the business community.”

“The Nigerian National Petroleum Corporation, NNPC, and Chevron Nigeria Limited, CNL, have executed the second and final phase of an Alternative Financing Agreement meant to increase crude oil production in the country by about 39,000 barrels per day. The agreement, signed in London is also expected to achieve an incremental peak production of about 283mmscfd of gas.” So writes Vanguard.

Punch reports that “Nigeria earned 69.2bn from solid minerals in 2015, representing an increase of 24 percent on the N55.8bn generated from the sector in 2014, the Nigeria Extractive Industries Transparency Initiative announced on Sunday. The report indicated that while the mineral production reduced, government’s revenues went up in the same year.”

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According to a report by Voice of Nigeria, “Nigeria’s National Agency for Food and Drug, Administration, and Control (NAFDAC) says it has introduced new measures to encourage Medium and Small Scale Enterprises (MSMEs) in doing business.