FG TO PRIORITIZE RESOURCE ALLOCATION IN THE FACE OF LOW OIL PRICES. (PHOTO). #PRESS RELEASE

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 PRESS RELEASE  FG TO PRIORITIZE  RESOURCE ALLOCATION IN THE FACE OF LOW OIL PRICES The Federal Government of Nigeria will pursue diversification of its revenues and adopt greater prudent resource allocation measures to mitigate the impact of low oil prices should it continue, according to Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. Speaking at a meeting with investors during the ongoing IMF/World Bank Spring Meetings in Washington DC yesterday, Mr Wale Edun emphasized that with the recent reforms embarked upon by the present administration, Nigeria is better positioned to deal with global economic uncertainties. The meeting was also attended by the Chairman, Senate Committee on Finance, Senator Mohammed Sani Musa; the Deputy Chairman of the House of Representatives Committee for Finance, Hon. Saidu Musa Abdullahi; the Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso; the Permanent Secretary of the Federal Ministry of Finan...
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COURT ORDERS FG TO PAY IGBOHO N20 BILLION,DSS REACTS.{PHOTO}.

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An Oyo state high court sitting in Ibadan, Friday ordered the Federal Government of Nigeria to pay the sum of N20billion to Chief Sunday Adeyemo also known as Igboho as damages for the invasion of his residence.


The Department of State Services (DSS) has said that it has not been informed about the court judgment ordering it to pay N20B in damages to Yoruba Nation agitator, Chief Sunday Adeyemo aka Sunday Igboho.


Peter Afunanya, spokesperson of the DSS who spoke on Friday said the court has not informed the DSS of the judgment.


Meanwhile, The Federal Government is to appeal the judgment of an Oyo State High Court which awarded N20 billion in damages against the Attorney-General of the Federation, AGF, and the State Security Service, SSS.


The AGF, Abubakar Malami announced the decision of the Federal Government to appeal the judgment while speaking on the development in an interview with the News Agency of Nigeria in Abuja on Friday.

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