Following the resignation of the Minister of Finance, Kemi Adeosun, Peoples Democratic Party (PDP) has described the government of President Muhammadu Buhari as the citadel of iniquity. In a statement issued by its national publicity secretary, Kola Ologbondiyan, on Saturday, the PDP says Kemi Adeosun, former minister of finance, should be arrested and prosecuted. Adeosun […]
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NIGERIA – The minister of finance, Kemi Adeosun, has defended the decision to suspend Mounir Gwarzo as director-general of the Security and Exchange Commission (SEC). Adeosun had set up an administrative panel to look into some allegations levelled against Gwarzo. The panel had recommended his suspension, which the minister upheld. But Gwarzo attributed the action […]
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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 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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The Federation Account Allocation Committee (FAAC) on Tuesday shared N429.1 billion, about N36 billion less than what the three tiers of government shared as revenue for January. And the shortfall, according to the Finance Minister, Kemi Adeosun was caused by the unrelenting sabotage of oil pipelines by Niger Delta militants and the fall in oil […]
Continue ReadingThe Minister of Finance, Mrs Kemi Adeosun, on Wednesday in Abuja said N420 billion was shared in October among the Federal, States and Local Governments. Adeosun told newsmen that same amount was shared in September. She said that N6.3 billion was refunded to the federal government by Nigerian National Petroleum Corporation (NNPC). The net statutory […]
Continue ReadingNigeria’s minister of finance, Kemi Adeosun, has said it is hypocritical for west and multilateral institutions to tell Nigeria not to use coal-fired power, which drove western industrialisation. Adeosun, who spoke at the International Monetary Fund (IMF) discourse on infrastructure in Africa, recalled that western powers recently blocked a coal to power project in Nigeria. […]
Continue ReadingThe Minister of Finance, Mrs Kemi Adeosun, on Tuesday in Abuja, said N510.2 billion was shared among the federal, states and local governments as revenue realised in August. She made the disclosure while addressing a news conference on the outcome of the Federation Account Allocation Committee (FAAC). The amount is higher than the N493.6 billion […]
Continue ReadingSpeaking at an interactive session with newsmen on Friday, Minister of Finance, Kemi Adeousn, said the Federal Government was set to release N60 billion for capital projects to stimulate the economy. She said that contractors had been paid to return to work, adding that very soon Nigerians would begin to see the impact of the […]
Continue ReadingFive states have completed processes to access the federal government’s N90 billion credit, Governor Udom Emmanuel of Akwa Ibom said Thursday. The money is to be disbursed in two tranches, with an initial N50 billion released in three months and another N40 billion in nine months, and will be shared among qualified states at a […]
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