The Federal Government on Thursday charged the newly appointed board members of the Nigeria Deposit Insurance Corporation (NDIC) to vigorously pursue sundry initiatives aimed at sustaining the stability of the nation’s financial system stability and growth in view of the increasing risks posed by financial technology (Fintech) and block chain technology to the global financial […]
Tag: Minister of Finance-Budget-and National Planning – Mrs. Zainab Ahmed
Analysts List Risks, Potential Benefits Of Fuel Subsidy Removal To Economy
As Federal Government’s position on the proposed fuel subsidy removal continues to elicit reactions from Nigerians and other stakeholders globally, analysts have cautioned the government on the need to critically consider the cost-benefit implications for the citizenry and sustainable growth of the economy before implementing the contentious fiscal measure. Reacting to the fiscal policy announcement […]
FAAC Shares N714.629Bn To FG, Other Tiers In March
The Federation Account Allocation Committee (FAAC) has reported that a total sum of N714.629 billion was shared to the three tiers of government from the March 2023 federation account revenue. The committee’s disclosure was contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting for April 2023. The FAAC […]
Nigeria Needs N869Bn To Conduct 2023 Population Census – FG
….Seeks Devt Partners’ Support For Successful Exercise The Federal Government has said that about N869 billion ($1.88 billion) will be required to conduct the April 2023 population census. The Minister of State for Budget and National Planning, Mr. Clement Agba, gave these figures at a high level partnership engagement forum in Abuja, adding that […]
FG Restates Commitment To Diversification Of Economy
The Federal Government at the weekend expressed its commitment to continuously improve the diversification of the nation’s economy by growing other sectors, particularly the commodities trading ecosystem. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, who gave this assurance during the presentation of Gold coin to her by the Lagos Futures and […]
Buhari Inaugurates MOFI Board, Sets N100Trn Target
President Muhammadu Buhari has charged the Ministry of Finance Incorporated (MOFI) to grow its assets under management from the current value of N18 trillion to at least N100 trillion in the next 10 years. The president gave the charge at the launch of the new MOFI and inauguration of the Governing Council and Board of […]
Stamp Duty Saga: FG Awaiting Outcome Of Ongoing Probe – Ahmed
The Federal Government has assured the public of its readiness to act on the recommendations that may be submitted by the panel currently investigating the the N89 trillion Stamp Duty proceeds allegedly stolen from the Central Bank of Nigeria (CBN) accounts. A House of Representatives member, Hon. Muhammed Kazaure, had on December 14, 2022 raised […]
FG To End Fuel Subsidy By June 2023, Budgets N3.36Trn For Regime
The Federal Government on Wednesday vowed to end the fiscal regime by the end of June this year. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, who gave this hint during her public presentation on the breakdown of the 2023 Federal Government budget in Abuja, said that the government had made provisions […]
FG Won’t Issue New Eurobonds In 2023 Fiscal Year – Ahmed
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has ruled out the issuance of Eurobonds by the Federal Government in 2023 fiscal year as part of revenue generation options. Ahmed made this clarification late Wednesday while responding to questions about Nigeria’s Eurobond borrowing plans. The minister clarified that rather than exploring the […]
Current International Tax Rules Unfavourable To Developing Countries – Ahmed
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has flawed the current global tax rules for largely favouring the developed countries and canvassed the urgent need for review of most of the rules in order to ensure fairness in the international tax order and enable the developing countries, the major revenue sources, […]