Tag: Finance Minister

Senate invite Finance Minister, others to explain funds spent on Banditry, Insurgency from 2019

The Senate Committee on Army has invited the Minister of Finance, Zainab Ahmed, the Director-General of the Budget Office, Ben Akabueze and the Chief of Army Staff, Major General Attahiru Ibrahim to appear before it next Tuesday. They were invited to explain details of the funds so far released to[Read More…]

“Stem the obvious fiscal slide, rather than play the Ostrich” – Edo Governor Obaseki @GovernorObaseki slams Finance minister, @ZShamsuna

Edo State Governor, Godwin Obaseki has called on the Minister of Finance, Budget and National Planning, Zainab Ahmed to rally Nigerians to stem the obvious fiscal slide facing the country. Governor Obaseki in a statement issued Thursday and made available to NewsWireNGR, noted that it is the collective duty of[Read More…]

‘It Is Not True’ Federal Government denies Obaseki’s allegation of printing N60Billion

Federal Government has on Wednesday denied Governor of Edo state, Godwin Obaseki’s claim that N60 billion was printed in March to support federal allocation to states. Zainab Ahmed, minister of finance, budget and national planning, reacted while answering questions from state house correspondents, on Wednesday. It would be recalled that[Read More…]

‘Help us facilitate trade under AfCFTA’ Finance Minister asks Okonjo-Iweala

The Federal Government has tabled requests to the Director-General of the World Trade Organization, Dr Ngozi Okonjo-Iweala with the transition from fossil oil to gas dependent economy topping the list. It also asked the WTO to assist the country in facilitating trade under the African Continental Free Trade Agreement to[Read More…]

The Nigerian Govt is going to take over dormant account balances – here’s what we know

Unclaimed dividends and bank account balances unattended to for at least six years will available as special credit to the federal government through the Unclaimed Funds Trust Fund. TheCable Newspaper is reporting that, according to the Finance Act 2020 recently signed into law by President Muhammadu Buhari, the trust fund[Read More…]

International Monetary Fund assures Nigeria’s economy will recover

The International Monetary Fund on Friday said Nigeria’s output would recover to its pre-pandemic level in the next two years. It said this was part of the conclusion of an IMF staff team led by Jesmin Rahman after conducting a virtual mission from October 30 to November 17, 2020, in[Read More…]

‘Nigeria will move out of recession in December or Q1 2021’ Finance Minister says

Zainab Ahmed, Minister of Finance, Budget and National Planning said Nigeria will move out of recession either in the fourth quarter of this year or in the first quarter of 2021. The minister said this on Monday at the 26th Nigerian Economic Summit organised by the Nigerian Economic Summit Group[Read More…]

Dangote refinery may not reduce petrol price – Finance Minister

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said when Dangote Refinery kicks off next year, it may not significantly reduce the price of petrol because the refinery will be selling at the international price. Ahmed said this is because the refinery is located at the Export[Read More…]

Reps summon finance minister, predecessor over N1.7 trillion

The former Minister of Finance, Kemi Adeosun, and the incumbent Minister of Finance, Budget and National Planning, Zainab Ahmed, are expected to appear in person before the House of Representatives Committee on Public Accounts to give accounts on the sum of 1.7 trillion naira appropriated for the implementation of National[Read More…]

Finance Minister, Kemi Adeosun Forced To Resign Over Alleged Certificate Forgery

Nigeria’s Finance Minister, Kemi Adeosun, has resigned sources close to her told Daily Trust Newspaper. It is not clear when she submitted her resignation letter. According to our source, the resignation followed the allegation of not serving the compulsory National Youth Service Corps, NYSC, and obtaining a certificate that the[Read More…]