The minister of Finance, Budget and National Planning Zainab Ahmed has inaugurated an inter-ministerial task force charged with full implementation of Government Integrated Financial Management Information System (GIFMIS) in Abuja READ ALSO: New NBC Code: Some Provisions Unenforceable-Okoroji The minister said the programme was developed by different government agencies to enhance effectiveness of government financial […]
…Says collective efforts of executive, NASS will minimise how far Nigeria goes into recession Tunde Opalana, Abuja Minister of Finance, Budget and National Planning, Zainab Ahmed, on Monday, raised the alarm that going by the downward trend in global economy of which Nigeria is not isolated, the country might be heading for another economic recession. […]
…Says COVID-19 pandemic has negatively impacted crude oil prices, federation’s revenues …States to get $1.5bn from World Bank as economic stimulus to cushion impact of pandemic Motolani Oseni with agency report The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, on Thursday, said Nigeria’s economy is heading towards a recession. The minister stated […]
.Slashes crude oil production to 1.7mbpd, from 2.18mbpd .Approves N500bn Covid-19 crisis fund The Federal Government has announced its decision to revise the benchmark oil price for 2020 fiscal year from $57 per barrel to to US$30 per barrel. Also, the Federal Government has also slashed crude oil production to 1.7mbpd, from 2.18mbpd as stated […]
…Suspends recruitment, reviews Social Investment Programmes The Federal Executive Council (FEC) on Wednesday approved reduction in the size of the 2020 budget by about N1.5 trillion, as part of measures to address the impacts of Coronavirus disease on Nigerian economy. The Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, made this known when […]
Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, says the Federal Government will further introduce incentives to boost investments in the nation’s capital market. Ahmed gave the assurance during a visit to the Nigerian Stock Exchange (NSE) in Lagos on Monday. The minister said the ministry would work closely with the exchange to […]
The Minister of Finance, Budget and National Planning, Zainab has charged members of the Geo-Referenced Infrastructure and Demographic Data for Development (GRID3) on the relevance of data in conducted their functions. The Minister gave the charge when she convened National Steering and Technical Committees Maiden Joint Meeting of GRID3 Nigeria. Ahmed convened the National Steering […]
Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning says the implementation of Value Added Tax (VAT) increase from five per cent to 7.5 per cent will take effect from Feb. 1. Ahmed said this during the inauguration of the Chairman and Board members of the Federal Inland Revenue Service (FIRS) in Abuja […]
The Finance Bill 2019, when signed into law, will ensure that small businesses with turnover less than N25m will be exempted from Companies Income Tax. Currently, all companies are expected to pay the Federal Government 30 per cent of their profit as Companies Income Tax. READ ALSO: 66 killed in Indonesian floods as officials warn […]
Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning says the Federal Government is committed to the establishment of Economic Community of West African States’ (ECOWAS) Central Bank. Ahmed said this at a meeting of Ministerial Committee of Ministers of Finances and Governors of Central Banks in West Africa on ECOWAS single currency […]
Abuja – The Finance Bill, 2019 is aimed at promoting fiscal equity, international tax reforms, raising tax revenues and ease of doing business reforms. Finance Bill was submitted by President Muhammadu Buhari to the joint session of the National Assembly on Oct. 14. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, made this known at […]
The increase of the Value added tax (VAT) approved by Federal Executive Council on Wednesday (September 11, 2019) is a call to attention on Nigerian brands. The Minister of Finance, Budget and National planning, Zainab Ahmed, who announced the approval said the VAT was increased from the current 5 per cent to 7.5 per cent. […]
Nigeria’s Excess Crude Account has been depleted to an all-time low of $274.583 million, which is believed not adequate to sustain the country in a stormy financial shock should oil prices fall below the budget benchmark. The Honourable Minister of State for Budget and National Planning, Zainab Ahmed, disclosed this while reporting to the National […]
Our correspondent Following Daily Times investigative report on Monday, President Muhammadu Buhari has directed the Economic and Financial Crimes Commission (EFCC), the National Intelligence Agency (NIA) and the Inspector General of Police to conduct a thorough investigation into how Process and Industrial Developments Limited (P&ID) arrived at a whopping $9.6 billion judgment debt against Nigeria. […]
…DISCOs need over N3.07trn investments to boost services …As FEC Okays CBN intervention fund extension for GenCos Motolani Oseni There is a great concern that epileptic power supply currently experiencing by most parts of the country may not be addressed in the coming years, as the 11 power distribution companies (DISCOs) in Nigeria on Monday […]
A group of analysts at FBNQuest have said Federal government non-oil revenue collection stood below proportion budget figure of N467 billion for 2018 budget. The Lagos based research firm noted that the Central Bank of Nigeria (CBN)’s latest monthly report for November noted that the federally-collected revenue still runs well behind budget. According to FBNQuest […]
The Minister of Finance, Mrs. Zainab Shamsuna Ahmed has disclosed that Kaduna State has since the inception of the Federal Government’s National Social Investment Programme (NSIP), benefited over N13.5 billion. Mrs. Ahmed said that President Muhammadu Buhari was leading the revolutionary process of unprecedented infrastructural development and the largest social investment programme in Nigeria’s history. […]
…Advisory group to get N374.6m service fee …Explains why Akwa Ibom, Rivers, Imo yet to get Paris Club Refund The Federal Government has approved the issuance of $2.9 billion and other securities in Eurobonds from the international capital market. The approval was given on Wednesday at the Federal Executive Council (FEC) meeting at the Aso […]
On Monday September 24, 2018 the Supervising Minister of Finance, Mrs Zainab Ahmed, announced that President Muhammadu Buhari has directed the immediate release of N22.68 billion for the payment of outstanding retirement benefits due to the ex-workers of the defunct Nigeria Airways. It is painful that the approval came 15 years after the Nigeria Airways […]
The Presidency has said that the supervising minister of finance, Mrs Zainab Ahmed has left her role as Minister of State for Budget and National Planning to focus fully on overseeing the Ministry of Finance. This was disclosed during the weekly Federal Executive Council (FEC) meeting on Wednesday at the Aso Villa, Abuja. Special Adviser […]