by Akan Ido Pat Utomi, a political economist, has asked the Federal Government to apologise to Oby Ezekwesili, the Senior Economic Adviser, African Economic Policy Development Initiative. He said the FG must as a matter of urgency address the accountability issues surrounding the Excess Crude Account and $67bn (about N10.6trn) in foreign reserves. The Punch... Read More

economy, Excess Crude Oil, Goodluck Jonathan, Labaran Maku, Oby Ezekwesili, olusegun obasanjo, pat utomi, Reserves

January 9, 2013

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Why fuel subsidy account is empty – Okonjo-Iweala

The Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Tuesday confirmed The PUNCH’s story that the Federal Government’s subsidy account with the Central Bank of Nigeria was empty, blaming the situation on technical hitches in the documentation with the CBN. Okonjo-Iweala, while briefing journalists in Abuja, said the transfer of funds meant for fuel subsidy payments... Read More

CBN, DMO, Excess Crude Oil, finance ministry, ngozi okonjo iweala, supplementary budget

December 12, 2012

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Ugodre Talks Figures: How Nigeria spent the N5.57tr it earned in the first half of 2012

by Ugodre Social and community services accounted for 15.3 per cent of the total but declined by 27.8 per cent from the level in the corresponding period of 2011 to N39.62 billion or 0.2 per cent of GDP in the first half of 2012. The recently released CBN half year economic report revealed Nigeria earned... Read More

CBN, Domestic Subsidy, economic report, Excess Crude Oil, Excess PPT/Royalty, Joint Venture Cash Call, revenue, Ugodre Talks Figures

FG must apologise to Ezekwesili because she was right – Pat Utomi

Why fuel subsidy account is empty – Okonjo-Iweala

Ugodre Talks Figures: How Nigeria spent the N5.57tr it earned in the first half of 2012

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