Tag: Zainab Ahmed
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FG denies seeking another $800m World Bank loan
The federal government has said that it was not seeking another $800 million loan from the World Bank to cushion the impact of the impending removal of petroleum subsidy.
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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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Why Buhari failed to remove fuel subsidy – Femi Adesina
Despite describing it as a fraud, President Muhammadu Buhari has failed to remove fuel subsidy payments as he promised prior to the 2015 general election.
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N206bn insertion in 2023 budget: Resign now – Reps tell Humanitarian Minister
The House of Representatives on Tuesday asked the Minister of Humanitarian Affairs and Disaster Management, Hajiya Sadiya Farouk to quit as minister if she was not ready for the job.
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Fuel subsidy to go by June 2023 – Finance Minister insists
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, says the Federal Government will do away with petroleum subsidy by June 2023.
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BREAKING: President Buhari wades into new Naira notes controversy
President Muhammadu Buhari has waded into the new Naira banknotes controversy between the Central Bank of Nigeria (CBN) and the Federal Ministry of Finance.
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We will carry on with redesign of Naira notes – CBN insists
The Central Bank of Nigeria (CBN) has insisted it will carry on with the redesign of some denominations of the Naira notes, saying it followed due process in its decision, adding that the exercise was 12 years overdue.
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DEBT: Nigerian govt in talks with IMF, World Bank
In a bid to restructure the country’s debts, the Nigerian government has been in talks with the International Monetary Fund (IMF) and the World Bank. This was reveales by the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, who noted that the country was considering tapping from the IMF’s newly created Food Shock…
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For telecoms, the curse of the low hanging fruits – By Okoh Aihe
They came on the wings of hope. Was it building castles in the air? Oh, the commonality of cliché! Nigeria will be good again. Life will be worth celebrating. Life will be safe. Food will be available. The dollar would return to the pre-1999 value. They would put an end to fuel subsidy, and electricity…
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TNG Special Report: Nigeria seeks easy way out of N41. 6 trillion debt burden, plans to borrow more
The Nigerian government has proposed a Debt-For-Climate (DFC) Swap deal, as an easy option out for its mounting public debt which peaked at N41.6 trillion in the first quarter of 2022. The DFC swap is believed to have the potential of becoming a useful instrument to expand the fiscal space for underfunded climate investments. This…