Tag: udoma
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Union Bank: Buhari's ex-Ministers Enelamah, Udoma quizzed over $2b share scam
The Federal Government has begun the interrogation of those implicated in the alleged fraud that left over 65,000 Nigerian shareholders losing two billion dollars worth of shares. Those invited for interrogation were the former minister of Budget and National Planning, Sen. Udo Udoma and his counterpart in the Ministry of Trade and Investment, Okechukwu Enelamah.…
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Minimum Wage: Buhari summons emergency FEC meeting over labour’s strike threats
President Muhammadu Buhari has summoned a Special Federal Executive Council meeting over labour’s demand for a new minimum wage. The meeting might consider the draft Bill on the new wage structure before it is sent to the National Assembly. The Nigeria Labour Congress (NLC) has made the presentation of the Bill a precondition for shelving…
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Our economy will perform better this year – Udoma assures Nigerians
The Minister of Budget and National Planning, Senator Udo Udoma on Saturday assured Nigerians that the economy will perform better than it did in 2017. The minister explained that judging by the consistent positive trend of key indicators since the country emerged from recession in the second quarter of last year, all seems good for…
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Senate summons Adeosun, Udoma over 2017 budget implementation
…reiterates commitment to One Nigeria The Senate at the resumption of plenary on Tuesday summoned the Minister of Finance, Mrs. Kemi Adeosun and her counterpart at the Ministry of Budget and National Planning, Senator Udo Udoma to brief them on the implementation of the 2017 budget. Senate President, Abubakar Bukola Saraki disclosed this Tuesday in…
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Adeosun, Udoma, Emefiele meet Buhari, brief him on state of economy
President Muhammadu Buhari on Monday received almost a two-hour briefing from the Minister of Finance, Mrs. Kemi Adeosun, her Budget and National Planning counterpart, Senator Udoma Udo Udoma and Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele. The Ministers and CBN Governor updated the President on the improving economy, implementation of the…
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Nigeria already exiting recession – Udoma
The Minister of Budget and National Planning, Senator Udo Udoma, on Thursday said that the country is already moving out of economic recession. Udoma stated this in Abuja while inaugurating the Joint Planning Committee for the 23rd Nigerian Economic Summit. The summit to be held in October this year is the single largest gathering of…
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ERGP: Nigeria can achieve GDP growth target in 2018 – Udoma
The Minister of Budget and National Planning, Sen. Udoma Udo Udoma says the 4.8 per cent Gross Domestic Product (GDP) growth targeted in Economic Recovery and Growth Plan (ERGP) for 2018 is achievable. Udoma said this in a statement issued by his Media Adviser, Mr James Akpandem on Sunday in Abuja. The minister gave the…
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FG vows to reduce inflation to single digit by 2020
The Federal Government has reiterated its determination to bring down the inflation rate to a single digit by 2020, the Minister of Budget and National Planning, Sen. Udoma Udu Udoma, has disclosed. The National Bureau of Statistics (NBS) in its Consumer Price Index (CPI) May 2017 report, released in Abuja on June 14, indicated that…
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Forex crisis: Reps query Adeosun, Udoma, others
Sequel to the rising inflation and the free fall of the Naira against the United States Dollar, Minister of Finance, Mrs. Kemi Adeosun, and the Minister of Budget and National Planning, Senator Udoma Udo Udoma appeared before members of the House of Representatives on Monday for questioning. Adeosun and Udoma appeared before the House Joint…
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Udoma to give breakdown of N7.30trn budget Dec. 19
The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, will give a breakdown of the N7.30 trillion 2017 budget estimates Monday December 19, according to a statement. The statement, issued by the minister’s Media Adviser, James Akpandem on Wednesday in Abuja, noted that Udoma would give breakdown of the budget proposal presented on…