A public policy analyst, Mr Polycarp Onwubiko has faulted the claim of the Minister of finance, Mrs Zainab Ahmed that Nigeria economy has been diversified. He said diversification of the Nigeria economy is inextricably interwoven with the Restructuring the Federation. Onwubiko was reacting to the Minister’s statement in the media that, “In aggregate, 22 percent
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FG to end Fuel subsidy 2023 – Finance minister
…proposes to spend N3.3tn on fuel subsidy between January and June 2023 The Federal Government has concluded plans to do away with fuel subsidy by June 2023. The Minister of Finance, Budget and National Planning, Zainab Ahmed revealed this on Tuesday in Abuja during a press conference to mark the end of the 28th National
Read moreAhmed appears before Senate, says Army got N1tn in two years
THE Minister of Finance, Budget and National Planning, Zainab Ahmed, on Tuesday said her ministry had released a total sum of N1.008.47tn to the Nigerian Army between January 2019 and April 2021. The minister stated this when she appeared before the Senate Committee on Army. The panel had summoned the minister following complaints by the
Read moreNigerian govt disburses ₦123.348bn grants to states
The Federal Government has disbursed ₦123.348billion (USD324.6million) to states under its States Fiscal Transparency Accountability and Sustainability (SFTAS) Programme for Results. Minister of Finance, Budget and National Planning, Mrs. Zainab Shamsuna Ahmed disclosed this in a statement signed by Mr. Hassan Dodo, the Ministry’s Director of Press and Public Relations, Wednesday in Abuja. The finance
Read moreNigeria: Finance Minister Reveals How Federal Government Will Disburse N75 Billion Youth Fund
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has revealed how the Federal Government will disburse the N75 billion Youth Fund. The Minister disclosed that, each benefitting youths will get between N250,000 to N5 million in the Federal Government’s N75 billion entrepreneurship youth support fund. She said this while speaking to 77
Read moreBuhari creates N25bn empowerment fund to address youth turbulence
Zainab Ahmed, The Minister of Finance, Budget and National Planning, said that the Federal Government has created a N25billion youth empowerment fund in a bid to address youth turbulence in the country. The Minister of Finance, who revealed this on Saturday during a meeting with the Deputy Governor of Kaduna State, Dr. Hadiza Balarabe, in
Read moreNigeria provides insurance cover for health workers combating COVID-19
The Federal Government of Nigeria has assured health workers battling to keep Nigerians safe from the coronavirus pandemic disease an insurance cover policy. The Minister of Finance, Budget and National Planning, Zainab Ahmed, stated this today in Abuja. “Adequate insurance, compensation, and support would be provided to frontline health workers during and in the aftermath
Read moreNigeria Approaches China for $17bn Loan
The Nigeria’s Government on Tuesday explained why it decided to approach the China-Exim Bank for a $17bn loan request. It said other lending institutions like the World Bank and the African Development Bank were not showing much interest when Nigeria approached them during recession. The Minister of Finance, Zainab Ahmed, stated this in the Senate while defending the
Read moreTax Identification Number for Bank Account Owners Not Taking Effect January 1, 2020
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said that the Finance Bill might not be effective from January 1, 2020, if signed into law. Ahmed explained that the government is expected to receive the 2019 Finance Bill from the National Assembly before the end of the week for President Muhammadu Buhari’s assent
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