Tag Archives: Minister of Finance

As Nigerians embrace digital payment for transactions, the Federal Government has generated over N11.44 billion for electronic money transfer levy in the month of June, 2023. This is according to data obtained from the Federation Account Allocation Committee communique for January to June 2023. Electronic money transfer levy was introduced …

The Debt Management Office, DMO, yesterday announced plans to raise up to N1.2 trillion through FGN bonds in the first quarter of the year 2023. The DMO disclosed this in its FGN Bonds issuance calendar for Q1 2023. Among other things, the calendar shows that the DMO will sell between …

The Senate is prepared to adopt the N23.7 trillion debt restructuring proposal made by President Muhammadu Buhari in December of last year, according to Senate President Ahmad Lawan. The Senate also accused the Minister of Finance, Zainab Ahmed, and the Governor of the Central Bank of Nigeria, Godwin Emefiele, of …

Minister of Finance, Budget and National Planning, Mrs Zainab Shamsuna Ahmed has said the federal government may not be able to make provision for treasury-funded capital projects in the 2023 fiscal year. The finance minister painted a grim picture of what the infrastructural efforts of the Federal Government would look …

The Nigeria’s total debt stock has increased by N6.7 trillion from N32.9trillion as of December 2020 to N39.6 trillion in November 2021. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, in her presentation of the 2022 approved budget, disclosed that the government borrowed N6.7tn between January and …

The Federal Government has announced that it expects up to 65% of its projected aggregate revenue to fund the 2022 budget to be sourced from non-oil means of taxation. This is according to the approved 2022 budget presentation by the Minister of Finance, Budget, and National Planning, Mrs. Zainab Ahmed, …

…As Health, defence, transport, works get highest capital budget allocations The Ministries of Works and Housing, Defence, Health and Education are to get the highest capital allocation in the 2022 federal budget. This is according to the 2022 Budget Call Circular released on Tuesday night. The circular sets out the …

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has said that Nigeria can only reduce poverty if the country train and empower the women. She stated this when the Director-General of the National Centre for Women Development, Dr Asabe Bashir paid her a courtesy visit in her …

President Muhammadu Buhari, Monday, signed the 2021 Supplementary Appropriation Bill of N982,729,695,343 into law. The Senior Special Assistant to the President on National Assembly Matters, (House of Representatives), Umar El-Yakub, disclosed this while briefing State House correspondents at the Presidential Villa, Abuja. El-Yakub said the Act will be largely focused …

The Senate, on Wednesday, approved the request of President Muhammadu Buhari to borrow N2.3 trillion (about $6.183 billion) to fund the deficit in the 2021 Appropriation Act. This followed the consideration of the report of the Committee on Local and Foreign Debts, chaired by Senator Clifford Ordia (PDP, Edo). Buhari …