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Tag: mrs. zainab ahmed

Nigeria’s Debt Service Cost Hits N1.94trn, Overwhelms Revenue By N310bn

Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed
Petrol subsidy may gulp N6.72trn in 2023 Projects N17.99trn aggregate expenditure, N373.17bn oil revenue The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed yesterday sounded the alarm bellsRead More

Fuel Subsidy, Nigeria Merely Struggling To Service Its Debts, Finance Minister Laments

Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed
Declares policy hurting economy W’Bank estimates country may lose N5trn oil revenue to subsidy in 2022 Says seven million Nigerians may slip into poverty this year Soludo harps on fuelRead More

FG To Boost Crude Oil Production In Two Weeks

Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed
Says shocks in oil market difficult to manage *Attributes high cost of fertiliser to scarcity of potassium The federal government will boost crude oil production through the reactivation of oilRead More

FG To Propose N895.84bn Supplementary Budget For COVID-19 Vaccines, Others

Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed
To borrow N722.53bn for security expenditure The Federal Government has prepared a supplementary budget of N895.84 billion for the provision of COVID-19 pandemic vaccines and military hardware, which it willRead More

FG to Procure 29.588m Doses of Johnson & Johnson Vaccine

Afreximbank
The Federal Government is committed to procuring 29.588 million doses of the Johnson & Johnson vaccine through the AVAT initiative, coordinated by Afreximbank, the Minister of Finance, Budget and NationalRead More

Senate Summons Finance Minister, Army Chief Over N199bn Spending

Nigerian Senate
The Senate Committee on Army yesterday directed its secretariat to summon the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed; the Chief of Army Staff, Lt. Gen. IbrahimRead More

FG Counters Obaseki, Denies Printing N60bn To Augment FAAC

Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed
Stop playing the Ostrich, says governor The Federal Government yesterday faulted a claim by Governor of Edo State, Mr. Godwin Obaseki, that it printed N60 billion to augment funds fromRead More

Banks’ Impairment Charges Soar By 113% To N228bn

Bank
W’Bank insists on subsidies’ removal, unified exchange rate In an apparent move to reduce the negative impact of COVID-19 on their risks assets, nine banks have significantly increased their impairmentRead More

FG: Defence Estimates Delay Extra Budget For Security Equipment, Vaccines

Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed
The Federal Government yesterday attributed the delay in the submission of a supplementary budget for the procurement of security equipment and COVID-19 vaccines to the National Assembly to the non-submissionRead More

FG Lauds NEXIM’s Intra-African Trade Initiatives

Nigeria Export-Import Bank (NEXIM)
The Federal Government has commended the Nigeria Export-Import Bank (NEXIM) for enhancing its intra-African trade initiatives in readiness for the commencement of the African Continental Free Trade Agreement (AFCFTA). ItRead More