The Federation Accounts Allocation Committee (FAAC), on Thursday during its Virtual Conference meeting disclosed that the three tiers of government shared the sum of N640.310 billion as federation allocations for the month of January, 2021. Out of the amount, inclusive cost of collection to NCS, DPR and FIRS, the Federal Government received N226.998 billion, the […]
Tag: Minister of Finance Budget and National Planning – Hajia Zainab Ahmed
Economic Stakeholders Support Finance Act 2020 – PwC Survey
Most analysts in the nation’s economic space have endorsed the just enacted Finance Act 2020 in view of its great potential to transform the nation’s economy and reposition it on the path of sustainable growth in the years ahead. The support was confirmed in a survey by leading professional services firm, PwC Nigeria, during its […]
FGN Disburses $324.6Mn Performance Grants To States
The Federal Government has disbursed another tranche of performance-based grants to states in the sum of N123.348 billion (USD324.6million) under its States Fiscal Transparency Accountability and Sustainability (SFTAS) Programme for Results. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, who disclosed this in a statement signed by the Ministry’s Director of Press […]
Local Automobile Assemblers Seek Reversal Of New Tariffs On Imported Vehicles
PAN Nigeria Limited and other local automobile assemblers have called on the Federal Government to urgently reconsider the tariff regime on imported vehicles into the country in order to safe local assembly plants from collapsing. The major local vehicle assembler made the appeal on Tuesday following the Federal Executive Council (FEC) approval of the new […]
FG Committed N1.80Trn To Capital Projects In 2020 Fiscal Year – Ahmed
The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Tuesday said that the Federal Government spent a total of N1.80 trillion on capital projects in the 2020 fiscal year, The Minister, who made this disclosure on during the public presentation of the 2021 approved budget at the virtual presentation said the amount spent […]
FG, States, LGs Shared N601.11Bn In November – FAAC
The Federation Accounts Allocation Committee (FAAC), on Wednesday after the end of its meeting chaired by the Permanent Secretary, Federal Ministry of Finance, Budget and National Planning, Alhaji Aliyu Ahmed, disclosed that the three tiers of government shared a total sum of N601.110 billion from the federation account revenue accruals in November, 2020. Out of […]
Despite Recession, FG Rates Nigeria’s Economy High
The Federal Government has rated the Nigerian economic performance high despite contracting by -3.62% (year-on-year) in the third quarter of 2020, the worst recession recorded in over 30 years. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, gave this rating on Monday in Abuja at the 26 edition of the Nigerian Economy […]
Nigeria Seeks $1.2Bn Loan From Brazil For Agric Financing
The Nigerian Government is seeking National Assembly approval for $1.2 billion loan from Brazilian Government to fund some areas of the agriculture value chain, Finance Minister, Zainab Ahmed, hinted on Tuesday in Abuja during the ministry’s budget defence. The minister told the House of Representative Committee on Finance that the Federal Government was also making […]
FEC Approves N13.08Trn Budget Estimate For 2021
The Federal Executive Council (FEC) has approved a budget estimate of N13.08 trillion for the 2021 fiscal year. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, who disclosed this to State House correspondents at the end of the council’s meeting on Wednesday, explained that the budget proposal was designed to enable the […]
Nigeria’s Economy To Rebound In Q1 2020 – Ahmed
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed,has projected that based on current micro and macroeconomic indices of the nation’s economy, there are strong indications that the nation’s economy would rebound in the first quarter of next year. The past few months had been challenging for the federal government as the devastating […]