The Chief Executive Officer, Centre for the Promotion of Private Enterprise (CPPE), Mr. Muda Yusuf, has given his support to the planned removal of fuel subsidy by the Federal Government from February 2022, saying the move is necessary for the nation’s economy to grow. The Minister of Finance, Budget and National Planning, Zainab Ahmed, had […]
Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has advised investors in the nation’s capital market to take advantage of investment-supportive initiatives introduced under the 10- Year Master Plan aimed primarily at strengthening the market, ensuring good returns on investment and catalyzing the nation’s development. The 10- Year Master Plan initiatives include e-dividend […]
The Federation Accounts Allocation Committee (FAAC), today at its meeting held at the end of National Council on Finance and Economic Development conference held at Lagos, shared to the three tiers of government, a total sum of N671.910 billion as federation allocation for the month of October, 2021. From this amount, inclusive of Value Added Tax […]
The Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, has described Nigeria’s recovery from the COVID-19 pandemic as encouraging, stressing that things are now looking up for the country in view of the recent trajectory by the economy. The minister, who made this remark during the opening ceremony of the 2021 Conference of […]
The Central Bank of Nigeria (CBN) on Thursday disclosed that as a result of the Federal Government’s commitment to agricultural sector’s growth and its sundry interventions in the sector, the nation’s food import bill dropped by $2.84 billion over the past few years. Giving this hint at a One-day Stakeholders’ Sensitisation Workshop on the National […]
The Senate on Wednesday approved the Federal Government’s $16.2 billion and $16.2 billion loan requests presented to it by President Muhammadu Buhari some months ago. In addition, the upper legislative chamber also approved a grant component of $125,000,000.00 under the 2018-2020 External Borrowing (Rolling) Plan. This approval is coming barely four months after the Senate […]
In what sounded an unrepentant voice of justification of the nation’s rising public debt stock, the Minister of Finance, Budget and National Planning, Zainab Ahmed, on Wednesday stoutly defended the borrowings of the President Buhari-led administration, saying the government will continue to borrow to fund critical projects. The minister, who spoke against the background of […]
President Muhammadu Buhari has requested the National Assembly to approve $4,054,476,863 and €710 million external loans for funding ongoing critical projects and other expenditures of government. This is even as the Executive is also seeking the legislature’s approval for grant components of $125 million in the 2018-2020 as part of the 2018-2020 external rolling borrowing […]
The Centre for the Study of Economies of Africa (CSEA), a research firm with focus on economic development trends in African countries, particularly Nigeria, has charged the Federal Government to commit more funds to capital projects for sustained improved economic outcomes for the country. The research firm, in its latest Nigeria Economic Update Issue 34 […]
President Muhammadu Buhari on Monday signed the 2021 Supplementary Appropriation Bill into law barely few weeks after its passage by the National Assembly. The Federal Executive Council (FEC) had about a month ago approved a draft supplementary budget of N895,842,462,917 for the year 2021. Briefing journalists at the State House on the signing of the […]