• Contact Us
  • About Us
Wednesday, February 1, 2023
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
Home News

Buhari marks return by attending council meeting

metro by metro
March 16, 2017
in News
0
0
SHARES
0
VIEWS

President Muhammadu Buhari marked his return from medical leave in London with a rare appearance at a meeting on Thursday of the government’s top advisory body.

 Buhari attended a session of the National Economic Council, which is chaired by Vice President Yemi Osinbajo and whose members include state governors, the central bank governor and the finance minister. He does not usually attend NEC meetings.

Buhari returned on Friday from London, where he had been receiving medical treatment for seven weeks. His longer than expected absence and the fact that the nature of his illness was not disclosed had raised concerns over the 74-year-old’s health.

Read Also

Banks Will Continue To Accept Old Naira Notes After Deadline – Emefiele 

Again, INEC Extends Deadline For PVC Collection Nationwide

CBN Under Statutory Obligation To Redeem Old Banknotes After January 31-NBA

Osinbajo has stressed that Buhari is ready to return to work. The president said on Friday he was feeling “much better” but wanted to rest over the weekend. His appearances since he landed have been restricted to the presidential offices and the State House.

At Thursday’s NEC meeting, Buhari directed the central bank and finance ministry to release funds to the federal states to pay salaries of civil servants delayed due to a shortfall in oil revenues, the presidency said.

“One of these basic things is the issue of salaries. It is most important that workers are able to feed their families, pay rent and school fees, then other things can follow,” Buhari told the meeting, according a presidency statement.

The combined debts of Nigeria’s 36 states, including unpaid salaries, were around 658 billion naira ($2.15 billion) as of July 2015. The government loaned its states 90 billion naira in June 2016 in the most recent attempt to provide assistance.

The NEC also said Nigeria would offer a six-month window from May for tax defaulters to pay up in a bid to boost state revenues.

Nigeria could raise $1 billion from the scheme, according to a finance ministry presentation. “Tax payers will be allowed up to three years to settle their liabilities,” the NEC said.

During Buhari’s absence, when Osinbajo was acting president, the central bank devalued the naira for retail customers after the NEC called for an urgent review of the bank’s foreign exchange policy.

Buhari has consistently opposed devaluing the naira since taking office in May 2015.

Journalists were asked to leave the NEC session before Buhari spoke.

 

Previous Post

Unpaid wages, sackings stir new tension in Nigeria’s oil hub

Next Post

Nigeria sells more treasury bills than planned – CBN

Related Posts

CBN
Breaking

Banks Will Continue To Accept Old Naira Notes After Deadline – Emefiele 

January 31, 2023
Again, INEC Extends Deadline For PVC Collection Nationwide
Breaking

Again, INEC Extends Deadline For PVC Collection Nationwide

January 28, 2023
CBN Under Statutory Obligation To Redeem Old Banknotes After January 31-NBA
Breaking

CBN Under Statutory Obligation To Redeem Old Banknotes After January 31-NBA

January 28, 2023
Godwin Emefiele
Breaking

House Of Representatives Speaker Threatens To Issue Warrant Of Arrest On Emefiele

January 26, 2023
Next Post

Nigeria sells more treasury bills than planned - CBN

Naira Redesign: El-Rufai Exonorates Emefiele 

Naira Redesign: El-Rufai Exonorates Emefiele 

February 1, 2023

Safeguarding democracy: why digital transformation of the electoral process is critical

January 31, 2023
CBN

Banks Will Continue To Accept Old Naira Notes After Deadline – Emefiele 

January 31, 2023
ADVERTISEMENT
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version