Tag: Ngozi Okonjo Iweala

Missing $20bn: Okonjo-Iweala Disowns PriceWaterHouseCoopers, Says She Didn’t Hire Firm

Nigeria’s Minister of Finance, Ngozi Okonjo-Iweala, has distanced herself from the audit firm, PriceWatersHouseCoopers, saying she should not be held responsible for its hiring to probe Nigeria’s alleged missing oil money, days after a widely-discredited report by PwC was released. As finance minister and coordinator of the economy, Mrs. Okonjo-Iweala[Read More…]

Nigeria’s Sovereign Investment Authority, Now Second Best In The World

The Nigeria Sovereign Investment Authority ?has been ranked second out of 51 global sovereign wealth funds under the Sovereign Wealth Fund Institute transparency index ranking for 2014. The new ranking published recently showed the Authority upgraded from four points to nine out of a possible ten during the second quarter[Read More…]

‘This Administration Has Created 1.4 Million Jobs In Three Years’ – Okonjo-Iweala Asserts

The Minister of Finance and Coordinating Minister of the Economy, Dr Ngozi Okonjo-Iweala, on Monday said the President Goodluck Jonathan-led Federal Government created 1.4 million jobs in the past three years in its bid to address unemployment in the country. Okonjo-Iweala said this at a conversation meeting on government policies,[Read More…]

NNPC Cautions Against Panic Buying; As Fuel Scarcity Hits Abuja

By Chris Nomjov The Nigerian National Petroleum Corporation has described the current shortage of Premium Motor Spirit, popularly known as petrol, as “artificially induced,” warning Nigerians against panic buying. The agency on Friday said it had injected an additional 688 million litres of the product into the system, but did[Read More…]

Allocation: Federal And State Governments Share N500 Billion For January

The Minister of State for Finance, Mr Bashir Yuguda, said that the Federal, states and local government areas shared N500.1 billion revenue for the month of January, 2015. Yuguda made this known when he briefed newsmen on the outcome of the Federation Accounts Allocation Committee (FAAC) meeting in Abuja on[Read More…]

Opinion: Fact Checking Chukwuma Soludo’s Article (1)

Chukwuma Soludo, former Governor Central Bank of Nigeria, article titled “Ngozi Okonjo-Iweala and the missing trillions,” has rightly generated a lot of buzz in both social media and the traditional media. This is rightly so because of the credibility of the person that wrote the article. Soludo is widely considered[Read More…]

“Another N8.6 Trillion ‘Stolen’ Under Your Watch” – Soludo Bares Another Okonjo-Iweala Loose Purse

Former CBN governor and ‘crusader’ for a better Nigerian economy, Charles Soludo has revealed that asides, the about N30 trillion of Nigeria’s money has ‘either been stolen or unaccounted for, or grossly mismanaged over the last few years’ under Ngozi Okonjo-Iweala as Finance Minister; new figures suggest more loot, must[Read More…]

Charles Soludo Lacks Facts And Honour, Ngozi Okonjo-Iweala Responds To Op-ED With 23 Points

In response to the article written by former governor of the Central Bank of Nigeria (CBN), Professor Charles Soludo on January, 25, 2015 tiltled Buhari vs Jonathan: Beyond the Election, the minister of finance and coordinating minister of the economy, Ngozi Okonjo-Iweala has written 23 points to educate Soludo about[Read More…]

Nigeria’s Foreign Reserve Drop To $34.495b In December

Nigeria’s foreign reserves which stood at $36,682,393,745 on December 1, declined to $34,495,665,567 as at December 30, 2014. The Central Bank of Nigeria (CBN) statistics indicates that the reserves had witnessed continuous decline every business day of the month. Two weeks ago, the nation’s foreign reserves fell by $500 million, as[Read More…]

2015 Budget: FEC Approves Medium Term Fiscal Framework

The Federal Executive Council on Wednesday  approved the draft Medium Term Fiscal Framework, MTFF,  in preparation for the 2015 budget. The document was present to the council for deliberation by Finance Minister, Ngozi Okonjo Iweala. The Director-General, Budget Office, Bright Okogu, said at the end of the meeting presided over[Read More…]