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Rising Misery Index: Between NSIP and universal basic income

Rising Misery Index: Between NSIP and universal basic income
guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.

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BPE mulls sale of transmission company

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Okoh stated this on Thursday during a webinar tagged, “Financing Public-Private Partnership to Boost Infrastructure Delivery in Nigeria,” chaired by Ahmed Zainab, minister of finance, budget and national planning, and monitored by TheCable.
In 2013, Nigeria privatised the power sector with the distribution (DisCos) and generation (GenCos) sub-sectors sold to core investors.
Nigeria has 13,000 megawatts of installed electricity-production capacity, only about 4,500 megawatts is dispatched to the grid daily, in part because of dilapidated transmission infrastructure.
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“Currently, we are looking at various strategies at reforming TCN,” Okoh said.
“That’s the only segment of the power value chain yet to be reform by BPE. We have privatised or reform generation and the PHCN legacy on generation companies and downstream privatisation. ....

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Over N2 trillion revenue trapped in federal agencies, Senate raises the alarm

Over N2 trillion revenue trapped in federal agencies, Senate raises the alarm
tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.

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Senate Gives Ultimatum To National Security Adviser, Finance Minister, Accountant-General Over N7.5bn 'Secret' Withdrawal

It said the amount allegedly withdrawn must be returned to the account.
by SaharaReporters, New York
Apr 28, 2021
The Senate Committee on Public Account has given the Office of the National Security Adviser (NSA) till Tuesday 04 May 2021 over an alleged secret withdrawal of N7.5 billion from the National Automotive Design and Development Council (NADDC) account.
Others listed by the Senate Committee on Public Account are the Minister of Finance, Zainab Ahmed and the Accountant General Office, Ahmed Idris, according to the Tribune.
Nigerian Senate
It said the amount allegedly withdrawn must be returned to the account.
The amount represents 2 percent of the National Automotive Design and Development Council (NADDC) as a levy account domiciled with the Central Bank of Nigeria (CBN). ....

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Avoid reckless money printing to fund deficits, experts warn

• It is untrue we printed N60b, FG replies Obaseki
• Seek alternative funding options as country risks falling into hyperinflation
• Senate summons minister, AGF over N7.5b secret withdrawals
Five days after Edo State Governor, Godwin Obaseki, released a bombshell, saying Nigeria was in huge financial trouble after the Federal Government printed N60 billion as part of federal allocation distributed to states for March, the Presidency yesterday described the statement as complete falsehood.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, at a briefing after the 41st virtual Federal Executive Council meeting chaired by the Vice President, Prof. Yemi Osinbajo, described the governor’s claim as very sad and untrue. ....

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