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Subsidy payment: House summons Finance minister

Ihesiulo Grace 10 August 2022 0

By Tom Okpe The House of Representatives has summoned Zainab Ahmed, Minister of Finance, Budget and National Planning, to appear before it next week Tuesday for questioning over petroleum products subsidy payments in the last nine years. The House ad-hoc committee investigating oil subsidy

Business

Tax exemptions, concessions among sources of revenue leakages – Finance minister

Ihesiulo Grace 18 May 2022 0

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, says Federal Government policies on tax exemptions and concessions are among sources of huge revenue leakages. A tax exemption is the right to exclude all or some income from taxation while a tax concession is a reduction made by the government in the amount […]

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Finance minister hints on possible additional taxes in 2022

Ihesiulo Grace 14 December 2021 0

*Says another Finance Bill in mid-year 2022 to bring in more amendments likely The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, says there might be introduction of new tariffs and levies in 2022 as the economy was now on a recovery path. Ahmed made this known while addressing stakeholders at a public […]

News

Nigeria’s non-oil revenue grew above target by 15.7% — Ahmed

Ihesiulo Grace 25 November 2021 0

Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said that Nigeria’s non-oil revenue grew to N1.15 trillion, representing 15.7 per cent above target rate in response to Federal Government’s efforts at diversifying the nation’s economy. Ahmed made this known virtually at the Institute of Directors (IoD) 2021 Annual Directors Conference which held

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Proposed N5,000 monthly grant for poor Nigerians: Senate counters Finance minister

Ihesiulo Grace 25 November 2021 0

*Says no provision of monthly transport grant for 40m Nigerians in 2022 budget *Insists fuel subsidy provided for in next year’s Appropriation bill Tunde Opalana, Abuja A day after the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, said that the Federal Government will remove fuel subsidy by mid-2022 and replace it with […]

News

FG Will Pay Petrol Subsidy Up Till June 2022 – Zainab Ahmed

Ihesiulo Grace 26 October 2021 0

The Federal Government says it will take care of petrol subsidy in the first six months of 2022. Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this at a panel session during the ongoing Nigerian Economic Summit (NES#27) in Abuja. She said the Federal Government had made provision for petrol subsidy till the […]

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$100bn lost globally to annual conflict, says Finance minister

Ihesiulo Grace 24 September 2021 0

Philip Clement, Abuja The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said that due to devastating effect of war, the world loses an estimated $100 billion annually. Ahmed explained that security affects the wellbeing of individuals, families, communities, and nation states, which also extends beyond the safeguarding of lives and property […]

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Why non-oil sector GDP is growing- Finance minister

Ihesiulo Grace 31 August 2021 0

*Says FG addressing concerns of manufacturers *NBS projects 5% growth at end of 2021 PHILIP CLEMENT, ABUJA The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has attributed strategic interventions of the Federal Government as the major reason behind non-oil sector GDP growth. The minister made the disclosure on Monday while addressing a […]

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Ministry of Finance partners with Film Corporation on job creation

Ihesiulo Grace 10 August 2021 0

The Federal Ministry of Finance, Budget and National Planning has expressed its readiness to partner with the Nigeria Film Corporation (NFC) to create job opportunities for unemployed Nigerian youths. The Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, said this on Tuesday while receiving a report on the development of the film industry […]

Business

FG looking beyond budgetary allocations to finance infrastructure-Finance Minister

Ihesiulo Grace 28 May 2021 0

PHILIP CLEMENT, ABUJA The minister for Finance, Budget and National Planning, Mrs Zainab Ahmed, says the federal government is looking beyond budgetary allocations to finance critical infrastructure development in the country. Mrs Ahmed who also doubles as Vice-Chair of the National Council on Privatisation (NCP) said this at the recently held webinar on financing

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FG to procure 29 million doses of Johnson & Johnson Vaccine

Ihesiulo Grace 7 May 2021 0

PHILIP CLEMENT, ABUJA The federal government of Nigeria is committed to procuring 29.588 million doses of the Johnson & Johnson vaccine through the AVAT initiative, that is coordinated by AFREXIMBank, Mrs. Zainab Ahmed, Minister of Finance, Budget and National Planning has disclosed. Speaking recently at ‘Collaborative Africa Budget Reform Initiative (CABRI) General

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Nigerian Government broke, may slash workers’ salaries as finance minister laments

Ihesiulo Grace 5 May 2021 0

According to Zainab Ahmed, Minister of Finance, Budget, and Planning, most of Nigeria’s capital projects are recycled, sapping huge sums of money on a yearly basis. She went on to say that the Nigerian government is reviewing wages, which could result in federal workers’ salaries being cut. This, according to the minister, is one of […]

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Senate summons Finance minister, Chief of Army Staff over budgetary releases for war

Ihesiulo Grace 30 April 2021 0

*Ndume frowns at Ahmed’s alleged disregard for parliamentary invitation Tunde Opalana, Abuja As anxiety and fears mount following growing insecurity in the country, the Minister of Finance, Zainab Ahmed and the Chief of Army Staff, Gen. Attahiru Ibrahim, have been summoned by the Senate to shed light on budgetary allocations and releases to that arm […]

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Nigerian Government Is Broke, States Must Increase their IGR—Finance Minister

Ihesiulo Grace 20 April 2021 0

Zainab Ahmed, Nigeria’s Minister of Finance, Budget, and National Planning, has acknowledged that the country’s economy is in trouble, adding that states must increase their internally generated revenues. She said the money exchanged at the March Federation Account Allocation Committee (FAAC) meeting was short of N50 billion in an interview on the Nigerian

Business

FG gives additional N123bn performance grants to states

Ihesiulo Grace 14 January 2021 0

PHILIP CLEMENT, ABUJA The Federal Government has announced the disbursement of another round of performance-based grants to states in the sum of N123.348bn. It is under its States Fiscal Transparency Accountability and Sustainability Programme for Results. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, stated this in a statement signed by Mr […]

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Mambilla Power Project: My hands are clean – Ahmed

Ihesiulo Grace 4 November 2020 0

Philip Clement, Abuja The Minister of Finance,  Zainab Ahmed has explained why Mambila Power Project was not captured in the 2021 budget. During a budget defense session with the House of Representatives Committee on Finance, she said the Mambila Power Project was not removed from the budget of the Ministry of Power but it was […]

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Finance minister swears in securities tribunal chairman

Ihesiulo Grace 24 September 2020 0

By Philip Clement, Abuja The Minister of Finance, Budget and National Planning, Zainab Ahmed has sworn-in the newly appointed chairman of the Investments and Securities Tribunal, Amos Azi. READ ALSO: Food Prices are rising – Finance Minister replies Presidency Ahmed also swore in Smart Osemwemge as a member of the Tribunal in Abuja. Mrs. Ahmed […]

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Food Prices are rising – Finance Minister replies Presidency

Ihesiulo Grace 15 September 2020 0

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has countered the claim by the presidency concerning the increase in food prices. Daily Times had reported that the presidency through Garba Shehu,  had said that prices of food were on the decline. Shehu, made this assurance while speaking in a programme on Channels TV, […]

Oil & Gas

Dangote petrol to be sold at international price – FG

Ihesiulo Grace 14 September 2020 0

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said when Dangote Refinery may not reduce the price of petrol because the refinery will be selling at the international price when it kicks off next year. READ ALSO: Dangote Fertilizer crucial to govt agricultural agenda.. Daily Times Nigeria gathered that Ahmed said this […]

Business News

We have Discovered Measures to Generate N18tn revenue to GDP – FG

Ihesiulo Grace 24 July 2020 0

The Federal Government has said that both oil and non-oil initiatives have been identified to help the country generate between N13tn to N18tn and achieve its 15 per cent revenue to Gross Domestic Product target. The Minister of Finance, Budget and National Planning, Zainab Ahmed said this on Thursday, July 24, during a webinar that […]