The Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, has suspended the embattled Accountant-General of the Federation, Ahmed Idris, from office over his alleged involvement in N80billion fraud being investigated by the Economic and Financial Crimes Commission (EFCC). Recalls that Idris was arrested on Monday by the operatives of the anti-graft agency over […]
Tag: Minister of Finance
Over 5,000 Debtors Owe FG N5.2trn — Finance Minister
Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed has said the Federal Government will enforce recovery of N5.2 trillion debt owed by over 5,000 debtors through various Ministries, Departments and Agencies, MDAs. Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this at the launching of the Project Lighthouse Debt Analytics […]
BREAKING: FG Suspends Planned Petrol Subsidy Removal
The federal government has suspended the planned petrol subsidy removal till further notice. Recall that the Federal government had planned to stop subsidy payments on petroleum products from July this year. Zainab Ahmed, minister of finance, budget, national planning, said this during a meeting held at the national assembly on Monday in Abuja. The meeting […]
FG To Spend $1.9B On Electricity, Increase Supply From 5,000MW To 7,000MW
The Federal government has said that $1.9 billion is to be spent to tackle Nigeria’s epileptic electricity supply from 5,000 megawatts to 7,000 megawatts. This followed the Federal Executive Council’s approval of $1.9 billion to procure equipment for the nation’s power sector to boost power supply across the country through the Presidential Power Initiative. […]
Buhari Regime Made N1.15 Trillion From Non-Oil Revenues-Finance Minister
The Minister of Finance, Budget and National Planning, Zainab Ahmed has said that Nigeria’s non-oil revenue grew to N1.15 trillion, representing 15.7 per cent above the target rate in response to Federal Government’s efforts at diversifying the nation’s economy. “Our non-oil revenues have grown to N1.15 trillion, representing 15.7 per cent above set target. […]
Fuel Subsidy Removal: Buhari To Give Nigerians N5,000 Transport Allowance
The minister of Finance, Zainab Ahmed has said that plans are underway by President Muhammadu Buhari led administration to remove fuel subsidy and provide “deserving” Nigerians with a N5,000 monthly transport allowance. “Ahead of the target date of mid-2022 for the complete elimination of fuel subsidies, we are working with our partners on measures to […]