• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

FG to review embassies, consulates as some are bogged down by debt, inefficiencies

William Ukpe by William Ukpe
October 25, 2022
in Business News
Independence Day: FG inaugurates 12-member Inter-Ministerial Committee for 2021 Independence Day celebration
Share on FacebookShare on TwitterShare on Linkedin

The Federal Government said it will review the number of Nigeria’s foreign missions in its portfolio amid reports that some of them are battling with indebtedness.

This was disclosed by the Secretary to the Government of the Federation (SGF), Mr Boss Mustapha on Tuesday when he inaugurated a 13-member Presidential Committee to review the number and strategy for resourcing Nigerian foreign missions on Tuesday.

Nigeria currently has 119 diplomatic missions around the world.

RelatedStories

FG moves to disconnect some power firms from national grid

2025 Budget: Nigeria’s underfunded embassies, consulates get N2.8 billion allocation for electricity charges 

January 7, 2025
NIMC

FG launches upgraded e-passport offices in Italy, Spain, 3 others

November 8, 2023

What the FG said:

SGF, Mr Boss Mustapha noted that the launch of the committee will enable President Muhammadu Buhari to tackle the root cause of the critical challenges facing Nigerian embassies abroad.

  • “As we are all aware, our diplomatic missions around the world are currently faced with multifaceted challenges following, among others, the scale of perennial indebtedness they find themselves.
  • “This poses attendant damage to our nation’s integrity.  Consequent upon these, Mr. President approved the constitution of this Presidential Committee.
  • “Let me recall at this point, some cost-saving measures taken by previous administrations in this regard including; reducing the number and size of missions, authorising concurrent accreditation to other countries, and enhancing and prioritizing budgetary releases to Missions.”

He added that the challenges faced by the missions will have to be addressed holistically on a short-medium-and long-term basis, citing that preliminary findings revealed that the root causes of the challenges were inter-woven and systemic in nature.

The Committee has been given three  months and its terms of reference are to determine the current number, and categories of Nigeria’s diplomatic missions, and subject matter desks worldwide. The committee will also categorise their strategic importance and impact worldwide and make appropriate recommendations.

  • The SGF added that the FG will “review the understanding and application of critical extant policies, guidelines, circulars, codes, regulations, financial management systems, statutes, across Nigeria’s missions. “

The Committee is expected to identify challenges, make appropriate recommendations on sustainable steps to be taken as well as identify reasons why previous measures by the previous government were not effective, in a bid to reduce bottlenecks, and curb infractions.


Follow us for Breaking News and Market Intelligence.
Tags: Mr Boss MustaphaNigerian Embassies
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

Related Posts

FG moves to disconnect some power firms from national grid
Budget

2025 Budget: Nigeria’s underfunded embassies, consulates get N2.8 billion allocation for electricity charges 

January 7, 2025
NIMC
Hospitality & Travel

FG launches upgraded e-passport offices in Italy, Spain, 3 others

November 8, 2023
How Nigeria's mining sector soars high under Buhari -KPMG
Business News

Presidency inaugurates 22-man transition committee

February 14, 2023
House of Reps determined to resolve ASUU issues and empower youths - Gbajabiamila , #EndSars: House of Reps to draft new Police legislation in 30 days, Speaker Gbajabiamila asks NLC to suspend strike, offers palliatives, #EndSARS: House of Representatives will do everything to deliver a policing system that works - Gbajabiamila
Business

Reps order minister of foreign affairs to withdraw contradicting directive to embassies

February 1, 2022
FG puts Lagos, FCT, Rivers, 5 other states on red alert over third wave of Covid-19
Business News

FG places Lagos, FCT, Rivers, 5 other states on red alert over third wave of Covid-19

July 18, 2021
Emirates Airline, Domestic airlines protest against Emirates Airline, Airline Operators of Nigeria
Hospitality & Travel

FG discussing with UAE on flight operations resumption, discriminatory travel protocols

June 1, 2021
Next Post
Bank of Zambia approves merger between Access Bank Zambia and African Banking Corporation Zambia

Access Holdings to acquire indirect equity stake in Sigma Pensions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Zenth Bank
Emple
first bank
Zenth Bank








DUNS

Recent News

  • From grit to glory: Neveah Limited ranks 21st on Financial Times 2025 List Of Africa’s Fastest-Growing Companies
  • How local traders Crypto Exchange is revolutionizing P2P Crypto Trading in Nigeria  
  • Indonesia eases visa rules, extends stay period for multiple-entry visa holders to 6 months

Follow us on social media:

Recent News

From grit to glory: Neveah Limited ranks 21st on Financial Times 2025 List Of Africa’s Fastest-Growing Companies

From grit to glory: Neveah Limited ranks 21st on Financial Times 2025 List Of Africa’s Fastest-Growing Companies

May 15, 2025
How local traders Crypto Exchange is revolutionizing P2P Crypto Trading in Nigeria  

How local traders Crypto Exchange is revolutionizing P2P Crypto Trading in Nigeria  

May 15, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

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

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics