MEET FAST RISING NIGERIAN GOSPEL SINGER 'MINISTER FAVOUR EDWARD'. (PHOTOS).

-
Image
 Minister Favour Edward (Mrs Ejueyitsi favour Oghenenyerhowo) born 01- January 1983 is a fast rising Nigerian gospel singer. She is a native of Urhobo, Delta state, Nigeria she is widely appreciated for her kind of music which emphasis on the return of Christ for his bride. She began her career from childhood even to teenage chorister been fully brought up by her mother who was also a single. Minister Favour Edward was outstanding during her scripture union days at secondary school. She earned variety of recognition at various youth music summit and concert. Not excluding charismatic performance at Rccg Sharon in Delta province one.  She is the proprietor and teacher of Great Haven group of school with NCE degree from college of education Warri. She is also a strong business woman. With charming voice for jingles . she is married to pastor Ejueyitsi Edward Oritsema and they are blessed with five kids  her dream is to be used by God to prepare the saints for the coming of Christ Jesus s
Post a Comment

FG ANNOUNCES THE RECOVERY OF N57BN DEBT FROM 10 MDAs. (PHOTO). #PRESS RELEASE.

-

 


PRESS RELEASE


FG ANNOUNCES THE RECOVERY OF N57BN DEBT FROM 10 MDAs


The Federal Government 

has announced the recovery of N57 billion from the N5.2 trillion liaibilities owed the Federal Inland Revenue Service (FIRS) and other bodies by Ministries, Departments and Agencies (MDAs) of government


The Permanent Secretary, Special Duties, Federal Ministry of Finance Mr. Okokon Ekanem Udo made the disclosure today in Enugu, the Enugu State Capital, during  a Sensitisation Workshop on Federal Government Debt Recovery Drive through Project Lighthouse Programme for South-East geo-political zone. 


While declaring the event open, Ekanem stated that the debts came to the spotlight from data aggregated from over 5,000+ debtors across more than 93 MDAs.


Represented by the Ministry's 

Director, Special Projects,  Aisha Omar, the Permanent Secretary informed that it also received refunds to the government from companies who failed to deliver on projects for which payment had been made, adding that others are unpaid credit facilities granted to both corporate entities and individuals by the Bank of Industry (BOI), Bank of Agriculture (BOA), Judgment Debt in favor of Government and debts owed Pension Transitional Arrangement Directorate (PTAD) by Insurance Companies amongst others.


Mr Udo added that data from Project Lighthouse revealed that many companies and individuals, who owe government agencies and  refused to honour their obligations were still being paid. This, he said, was done through government platforms such as GIFMIS and Treasury Single Account (TSA) due to lack of visibility over these transactions.


According to him, in actualising debt recovery goal, the Federal Ministry of Finance initiated *Project Lighthouse*, which has enabled the aggregation of relevant economic and financial information from multiple agencies who hitherto did not share data.


Ekanem  explained that, generally, revenue loopholes have been aided by poor information sharing and enforcement. *It may interest you to note that the Ministry, through the consolidation efforts of the Debt Analytics and Reporting Application, has been able to aggregate monumental debts of approximately N5.2 trillion*, he said.


The Permanent Secretary who informed further that the debt aggregation effort is still ongoing stated that *currently, approximately N57 billion has been recovered so far* *from this amount  due to concerted efforts on the part of stakeholders*

*and the Federal Government*


He hinted that similar sensitization workshops have been held in the five  geo-political zones of the country, namely South- West, North-Central, North-West, South-South and North-East respectively 


Ekanem explained further that important part of the  policies and strategies was to leverage big data technology to help block revenue loopholes, identify new revenue opportunities, optimize existing revenue streams, especially non-oil revenue as well as improve fiscal transparency, in line with the policy objectives of the President Bola Ahmed Tinubu-led Administration 


He disclosed that the Ministry, in this regard has however taken steps to address this major revenue loophole, through the  issuance of a Ministerial directive to all MDAs to aggregate all Government debt across the Public Finance Space as well as having  a single window on the credit profile of Government.


*It extends the functionalities of Debt Recovery Capability of Lighthouse to enable the Federal Ministry of Finance to fully automate the debt recovery process and make settlements of debts as seamless as possible*.


*The usefulness of this platform is that, our revenue generation effort will be dependent on your cooperation and commitment in providing quality and relevant information (debt-related data) to populate the platform*, he added


The Permanent Secretary who expressed optimism that participating Organizations stand to benefit immensely from the Lighthouse Project called for their continuous support to ensure the full realization of the Programme's goals and aspirations.


Responding, one of the participants at the sensitization workshop Mrs. Ifeoma Ojukwu,

applauded the initiative, noting that it had created more awareness on the benefits accruable to participating MDAs.


In his vote of thanks,

Deputy Director (PICA) Federal Ministry of Finance, 

Mr. Johnson Oludare commended President Bola Ahmed Tinubu-led Administration, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, the Permanent Secretary Federal Ministry of Finance Mrs Lydia Shehu Jafiya as well as the Management and Staff of the Ministry for creating the enabling environment for the operationalization of the Project Lighthouse which he said, is a data-driven initiative aimed at collecting, integrating and analysing data from revenue -generating agencies in order to create insightful information for improved decision making.


Signed:

Mohammed Manga *FCIA* 

Director, Information & Public Relations 

April 23, 2024.

Comments

Post a Comment

Popular posts from this blog

ACTOR BABA IJESHA APPEALS FIVE-YEAR JAIL SENTENCE FOR SEXUAL ASSAULT. (PHOTO).

-
Image
 Actor Baba Ijesha appeals five-year jail sentence for sexual assault Nollywood actor Olanrewaju James, known as Baba Ijesha, has filed an appeal against his conviction for the sexual assault of a minor. He has requested the Court of Appeal, Lagos Division, to overturn the ruling of the Lagos State High Court, which sentenced him to five years in prison. The conviction was handed down by Justice Oluwatoyin Taiwo (retd.) of the Ikeja Domestic Violence and Sexual Offences Court on July 14, 2022 to Baba Ijesha. Baba Ijesha through his counsel Kayode Olabiran on Tuesday, told the appeal court that his client was set up and that he acted according to a script that he was invited to act on by his colleague. “The Appellant was set up. The Appellant is an actor. He acted in a script that he was invited to act by his colleague (PW1), Damilola Adekoya,” he said. The Director of Public Prosecution, Dr Babajide Martins, urged the court to dismiss the appeal for lacking in merit and also a misconce
Read more

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

-
Image
Innoson Gives Out Brand New IVM G5 and Salary For Life To The Man Who Prophesied About His Vehicle Manufacturing In 1979.  Last Saturday, July 22nd the Chairman of Innoson Vehicle Manufacturing Company Ltd, Chief Dr Innocent Ifediaso Chukwuma OFR gave out a brand new Innoson IVM G5 to Mr Ikechukwu Osakwe popularly known as Osabros who prophesied to him in 1979 that he would be the first man in Africa to manufacture vehicles and sell to different African countries.  The prophecy was given at the period the then Innocent Chukwuma could not boast of a car, talk less of manufacturing one. According to Dr Chukwuma during the presentation of the car, he recalled on how Mr Ikechukwu Osakwe all the way from Kano blocked him at the front of his house early in the morning and told him he has a message for him.  Mr Osakwe went on to narrate a dream he had about him, how he saw in the said dream his vehicle manufacturing company known as CAP PLC. "He told me that CAP means Chukwuma Automobil
Read more

PUNISH MY ABUSERS WITHIN 48 HOURS OR FACE LAWSUIT- STUDENT BULLIED BY HER CLASSMATES THREATEN SCHOOL AUTHORITIES. (PHOTO).

-
Image
 Punish my abusers within 48 hours or face lawsuit - Student bullied by her classmates threaten school authorities The bullied student of British Lead International School, Miss. Namtira Bwala has threatened to file a lawsuit against the school authorities if her abusers are not punished within 48 hours. In a letter drafted by her lawyers, Deji Adeyanju and Co, Namtira asked the school authorities to immediately investigate and pronounce the stiffest punishments in the student’s rule book on Ms.Maryam Hassan, Miss Faliya, and nine other students who bullied her. Namtira said if the school authorities fail to sanction the student bullies within 48 hours of the receipt of the letter, she would seek immediate and severe legal redress against the school. The letter reads “We are Solicitors to Miss. Namtira Bwala (acting through her next friend), hereinafter referred to as our client, on whose instruction we act. Our client and several other parents in Lead British International School have
Read more