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FG raises alarm over fraudulent messages on payment of N80,000 to beneficiaries

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FG raises alarm over fraudulent messages on payment of N80,000 to beneficiaries

The Federal Government has raised an alarm over fraudulent messages being circulated over the purported payment of N80, 000 to beneficiaries of the Survival Fund Scheme.

In its warning to the general public, the government maintained that the amount given to beneficiaries remains N30,000 and N50,000 for Payroll Support; N30,000 for Artisans and Transport Grants; N50,000 for the General MSMEs Grant; and N100,000 per MSME for the guaranteed off-take stimulus scheme.

This disclosure is contained in a statement issued by the Project Delivery Office of the scheme, on Saturday in Abuja, in which it said that the news of such payment was the handiwork of fraudsters seeking to scam unsuspecting members of the public.

The PDO in the statement emphasized that the Steering Committee of the MSMEs Survival Fund and the Guaranteed Off Take Stimulus Scheme headed by the Hon Minister of State, Industry, Trade and Investment, Amb. Maryam Katagum, was unaware of the fraudulent collation of account details.

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The statement further pointed out that the steering committee had established lines of communication with the general public and beneficiaries, including prospective ones, and will deploy same in providing updates to all stakeholders.

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National Economic Council Endorses Finance Bill 2022

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National Economic Council Endorses Finance Bill 2022

Nigeria’s vice president, prof. Yemi Osinbajo says the country is in a better position to advance its capital markets locally and globally with the largest concentration of young people in the primary market and more room to redefine exchange for international competitiveness.

Prof. Osinbajo expressed this view in his keynote speech on Tuesday in Abuja at the first capital market conference of the Nigerian exchange (NGX) group.

The vice president, who emphasised the digital transformation of the markets, highlighted the many opportunities this move would provide for the capital markets, which includes bringing in more young investors.

He advised the adoption of technology “to bring in a new crop of young investors, many of who use their smartphones primarily for engaging with commerce and banking activities today.

The vice president also noted the efforts of the NGX technology board to attract tech companies he referred to as ‘the present and future tech unicorns’ to the market as a viable option for raising capital. 

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Prof. Osinbajo, who noted that this was probably the most exciting time in the history of capital markets in Nigeria, added that the African continental free trade agreement also offered exciting new prospects for cross-border listings, activity, and the formation of long-term capital.

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Minister of State for Labour and Employment Says Twitter Has Agreed to All FG’s Conditions

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Minister of State for Labour and Employment Says Twitter Has Agreed to All FG’s Conditions

The Minister of State for Labor and Employment, Festus Keyamo, has revealed that the microblogging platform, Twitter, has agreed to all the conditions presented to it by the Federal Government regarding its operations in Nigeria.

This was disclosed by Keyamo ON SUNDAY. Keyamo who is also a member of a committee, set up to review the operations of the microblogging platform since its ban in the country, said the committee has made significant progress so far.

This follows a dialogue between the Federal Government’s team and Twitter in the wake of the suspension of the social media platform in Nigeria by the Government over allegations of double standards, among others.

HE STATED THAT, “It was Twitter that reached out to the Federal Government to say they want to know what and what they can do to straighten up the relationship with the Federal Government and so, we have gone far but I may not, at this forum, let out a lot but we gave them a lot of conditions and they have agreed to all the conditions,”.

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Communication Ministry Gives Zero Allocation to NIPOST Out of N137.2billion Capital Votes

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Communication Ministry Gives Zero Allocation to NIPOST Out of N137.2billion Capital Votes

Nigeria Postal Service ( NIPOST), got zero allocation from N137.2billion capital votes earmarked for the Ministry of Communication and Digital Economy as well as the three Parastatals under it .

While in the proposed N160.593billion budget for the Ministry, NIGCOMSAT, NIPOST and National Identity Management Commission (NIMC), the Ministry got N85.231billion for capital votes, NIMC N46.533billion and NIGCOMSAT N5.440billion, NIPOST has zero allocation.
This was made known by the joint committee of the National Assembly on Communication during budget defense session with the Minister of Communication and Digital Economy, Dr Isa Ali Pantami and heads of agencies under the Ministry at the National Assembly on Thursday.

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The Committee Chaired by Senator Oluremi Tinubu expressed dissatisfaction with the development sating it was wrong for the agency not to be given any capital vote for 2022 fiscal year. Senator Tinubu specifically asked the Minister whether the zero capital budget allocation proposed for NIPOST in 2022 was based on non – request by the agency or lack of fund.

The Committee she added, may have to appropriate something for the agency if there is no solid reason for the zero allocation. The Minister in his response said, he was not against some votes taken from the capital estimates of the Ministry for NIPOST.

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