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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SIT-AT-HOME BAN: ENUGU GOVT GIVES TOUGH CONDITIONS TO REOPEN SEALED BUSINESSES. (PHOTO).

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Sit-at-home ban: Enugu govt gives tough conditions to reopen sealed businesses

The Enugu State Government, on Tuesday, announced that all the shops and businesses sealed for not opening on Mondays, would remain closed for one week.

Magic FM reports that the State Government yesterday, Monday, made real its threat to seal any business outfit that complied with the regular Monday sit-at-home.

In a statement signed by Professor Chidiebere Onyia, Secretary to the State Government, the government said the affected shops would not be considered for re-opening until the owners produced tax clearance certificates and other relevant documents.

Onyi said, “The Enugu State Government wishes to commend civil society organisations and residents that took ownership of government’s ban on illegal sit-at-home orders by embarking on peaceful demonstrations in the capital city yesterday. Government commends the participants for their peaceful conduct throughout the demonstrations.

“In previous announcements to the good people and residents of Enugu State, the government had directed business and shop owners to open for normal businesses on Monday and every work day, or have the defaulting business premises and shops sealed. That was exactly what the government did on Monday, July 24, 2023, to enforce its earlier directives.

“All businesses that were sealed shall remain sealed for one week, at the end of which they shall provide their current tax clearance certificates and all other relevant revenue documents to enable the state government to review and consider their formal letters for re-opening.

“Again, all considerations start from Friday, July 28, 2023 from 2.00 pm at the Enugu State Capital Development Authority (ECTDA) headquarters.”
 

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