Tag: Budget and National Planning

Federal Government has suspended the planned petrol subsidy removal

The Federal Government, through the Minister of Finance, Budget and National Planning, Zainab Ahmed, has suspended the planned petrol subsidy removal. Speaking during a meeting held at the National Assembly in Abuja on Monday, the Minister said the suspension is till further notice. The Minister of State for Petroleum, Timipre[Read More…]

Government to remove fuel subsidies by 2022 and replace with N5000-a-month transportation

The Minister of Finance, Budget and National Planning, Zainab Ahmed, says the federal government will remove fuel subsidies by 2022 and replace them with N5000-a-month transportation grant to the poorest Nigerians. She disclosed this at the launch of the World Bank Nigeria Development Update (NDU) on Tuesday. Zainab explained that[Read More…]

Nigerian Government securing another $750 million World Bank loan for state Governments

The federal government is in the process of securing a $750 million World Bank loan on behalf of the states of the federation, to help stimulate the local economy and support consumption by vulnerable households.The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed made the disclosure in Abuja,[Read More…]

Coronavirus outbreak forcing Nigeria to review 2020 budget

The Minister of Finance, Budget and National Planning, Zainab Ahmed, says the outbreak of Covid-19 has negatively impacted Nigeria’s oil revenue, saying a mid-term review of the 2020 budget will be carried out to reflect the realities on the ground. The minister stated this when she fielded questions from State[Read More…]