The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has stressed the criticality of investor confidence in accelerating the nation’s capital market given its potential to increase domestic and foreign investment in the bourse. The minister, who made this remark during the launch of the revised Capital Market Master Plan in Lagos Thursday, […]
The Federal Government has commended state governments in the country on their scorecards in the implementation of the States Fiscal Transparency Accountability and Sustainability Programme for Results (SFTAS). The Minister of Finance, Budget and National Planning, Mrs. Zainab Shamsuna Ahmed, who lauded the sub-national government governors at a dinner in Abuja, noted that the $1.5bn […]
The Federal Government has promised that disbursement of the last tranche of the $1.5bn World Bank-assisted States Fiscal Transparency, Accountability and Sustainability (SFTAS) Programme, will be received by state governments within the next few weeks. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, made this disclosure during an event organized by her […]
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, on Monday said that the draft Nigeria Agenda 2050 was being finalised and would be launched soon. Ahmed, who gave this hint in her opening remarks at the 28th Nigerian Economic Summit (NES#28) in Abuja, said one of the primary commitments of the President […]
As part of its fiscal measures to address lingering crisis in the nation’s tertiary institutions, the Federal Government on Wednesday disclosed that it provided N470 billion special fund for university revitalisation and upward adjustment of lecturers’ salaries in the 2023 Appropriation Bill now before the National Assembly. The Minister of Finance, Budget and National Planning, […]
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has commended the Central Bank of Nigeria (CBN) and the Nigerian Deposit Insurance Corporation (NDIC) for ensuring the safety of depositors’ funds in the nation’s financial system in the face of global economic disruptions over the past two years. The minister, in her opening […]
….records N3.09trn deficit in 2022 budget in four months The Federal Government has proposed a budgetary provision of N6.72 trillion for fuel subsidy in the fiscal year 2023 even as it reported that from January to April this year N3.09 trillion was recorded as deficit in the 2022 budget. The Minister of Finance, Budget and […]
The Nigerian National Petroleum Company Limited (NNPC) on Wednesday presented a projected N3 trillion subsidy cost for 2022 financial year to the Federal Executive Council (FEC) for approval following the Federal Government’s decision to sustain fuel subsidy payment for the next 18 months. At the FEC meeting presided over by President Muhammadu Buhari, the […]
The Centre for the Study of Economies of Africa (CSEA), a leading research think-tank with primary focus on developments in Sub-Sahara African economies, has advised the Federal Government to ensure that tax revenue on carbonated drinks provided for in the 2022 Appropriation Act is deployed to the nation’s healthcare system in order to improve the […]
Minister of State for Petroleum Resources, Timipre Sylva, on Tuesday clarified that the Federal Government would extend the fuel subsidy regime to July 2023, pending when amendments in the Petroleum Industry Act will be forwarded to the National Assembly and subsequently signed by the President The minister gave this hint while interacting with State House […]