Tag: Minister of Finance
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When the prices of food will come down in Nigeria – Minister
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has hinted on when food prices will come down. He noted that the prices of food stuff will come down in the coming months after dry season harvest.
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Nigeria’s $1.5B World Bank loan spark concerns
A former Deputy Governor of the Central Bank of Nigeria and presidential aspirant under the African Democratic Congress (ADC) Kingsley Moghalu, has raised concern over Nigeria’s plan to borrow $1.5 billion from the World Bank. As part of the government’s efforts to address the fiscal gap in the 2023 budget, the Minister of Finance, Budget…
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Finance Minister urges incoming administration to raise VAT to 10%
Nigeria’s Minister of Finance, Budget and National Planning Zainab Ahmed, has advised the next administration to increase Value Added Tax (VAT) from 7.5 per cent to 10 per cent saying it will stimulate growth. Ahmed who gave the advise during a meeting in Abuja on Tuesday, also disclosed that the President Buhari-led administration initially targeted…
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Senate committee summons Minister of Finance over N206bn
The Senate Committee on Special Duties has summoned the Minister of Finance, Budget and National Planning, Zainab Ahmed. The summon is over the insertion of N206 billion inserted into the 2023 budget of the Ministry of Humanitarian Affairs, Disaster Management, and Social Development.
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Analysis: benefits, criticisms and fears of CBN’s naira redesign
The plan to redesign Nigeria’s currency has been a subject of public concern and debate since last week when it was announced by the Central Bank of Nigeria (CBN) as part of its currency management responsibilities aimed at preserving the integrity of a local legal tender, the efficiency of its supply and conduct of monetary…
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Manage, save, invest your money – Minister advices public servants
The Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, has urged Public servant to manage, save and invest their money in order to avoid financial crisis. The Minister stated this in a statement signed by the ministry’s Director of Information/Press, Phil Abiamuwe-Mowete. Related Story: COVID-19: FG to give stipends to Nigerians- Zainab Ahmed According…
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Why National Economic Plans fail in Nigeria – Minister
The Minister of finance, Zainab Ahmed on Friday identified reasons for the failure of past national economic plans in the country. According to her, the absence of state governments’ input into the programme is a major reason for its failure. Ahmed made this revelation in Abuja at the 19th National Council on Development Planning (NCDP)…