The federal government has put an end to Nigeria’s membership of 90 international organisations. The development is a direct result of a backlog of $120 million in membership dues and other financial commitments. The decision was reached at the federal executive council meeting presided over by President Muhammadu Buhari on Wednesday. Addressing reporters at the end […]
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President Muhammadu Buhari on Monday received briefing from Udoma Udo Udoma, minister of national budget and planning; Kemi Adeosun, minister of finance, and Godwin Emefiele, governor of Central Bank of Nigeria (CBN), and expressed his delighted over the improving state of the economy. In a statement on Monday, Femi Adesina said Buhari reminded the ministers […]
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Kemi Adeosun, Minister of Finance, said on Tuesday that the Federal Government, states and local governments shared N467.8 billion as allocation in August. This indicates a shortfall in revenue by N184.2 billion from N652 billion shared in July. Adeosun, who was represented by the Permanent Secretary, Mr Mahmoud Dutse, said this at the end of […]
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NIGERIA – Kemi Adeosun, minister of finance, says the federal government has received over 5,000 whistleblowing tips but could only act on 365. Since December 2016, when the policy was instituted in the country, the government says it has made first batch payment of N375.8 million to 20 whistleblowers who provided information that led to […]
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The federal government is at the final stage of its plan to tax first class and business class air tickets alongside other luxury goods in the country. This minister of finance, Kemi Adeosun, made this disclosure while responding to questions from Nigerians on Thursday morning via Facebook. Addressing the question, the finance minister, “I think yes.” “We’ve […]
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The acting president of Nigeria, Yemi Osinbajo on Thursday signed and launched the voluntary asset and income declaration scheme (VAIDS) to broaden the country’s tax base and offer incentives for tax evaders. Here is the full text of the executive order: “Whereas the Constitution imposes a duty on every citizen to declare his/her income fully […]
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The Acting President of Nigeria, Yemi Osinbajo on Thursday morning signed an executive order backing the implementation of the voluntary assets and income declaration scheme (VAIDS). The executive order which was designed by the ministry of finance was signed at the state house banquet hall in Abuja, to ensure that the scheme is backed by […]
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The Minister of Finance, Kemi Adeosun said that the federal government was ready to release N350 billion, being the first tranche for implementation of the 2017 budget. Mrs. Adeosun said this on Monday in Abuja at the public presentation of 2017 Appropriation Act. She said that the Federal Government had enough cash available to immediately […]
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The House of Representatives Committee on Public Procurement on Thursday, summoned the Minister of Finance, Kemi Adeosun, over alleged payment of N17 billion for procurement of office equipment. It also summoned the Auditor-General of the Federation (AGF), Ahmed Idris, and former Accountant-General of the Federation, Jonah Otunla, over the transaction. The three top officials are […]
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The Federation Account Allocation Committee (FAAC) on Tuesday shared N467.8 billion to the three tiers of the Nigerian government. This is N38.7 billion more than what the three tiers of government shared the previous month. The Accountant-General, Mr Ahmed Idris, who represented the Minister of Finance, Mrs Kemi Adeosun, told journalists in Abuja that the […]
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