Zainab Ahmed, the Minister of Finance, Budget and National Planning, on Thursday said the Federal Government was borrowing money to fund petrol subsidies, insisting that the subsidy regime had become totally unsustainable. The Minister who disclosed this at the public presentation of details of the 2023 budget in Abuja, said: “Fuel subsidy cost was a […]
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The Federal Government of Nigeria has revealed that fuel subsidy payment will gulp 3.36 trillion naira in six months. However, this means subsidy payment will persist till the end of the year, 2023. The Minister of Finance, Budget and disclosure Planning, Mrs Zainab Ahmed, made this known in Abuja during the public presentation of the […]
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President Muhammadu Buhari has weighed in on the split between Finance Minister Zainab Ahmed and Central Bank of Nigeria Governor Godwin Emefiele over the redesigning of naira notes. Recall that shortly after the apex bank announced plans to redesign the naira notes, Ms Ahmed, the finance minister, said that her ministry wasn’t consulted before the […]
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The Minister of Finance , Budget and National Planning, Mrs. Zainab Ahmed, has suspended Ahmed Idris, as the Accountant General of the federation over alleged N80 billion fraud. Kokomansion recalls that, Idris was arrested by the Economic and Financial Crimes Commission (EFCC), in Kano, on Monday. The Special Adviser to the Minister on Media, Mr. […]
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The controversies surrounding the proposed fuel subsidy removal may not have come to an end, as the Nigerian National Petroleum Corporation (NNPC) Limited have presented a bill of N3 trillion for deliberations at the Federal Executive Council meeting chaired by President Muhammadu Buhari on Wednesday. According to the Minister of Finance Budget and National Planning, […]
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Nigeria’s Federal Government has postponed the planned removal of subsidy on petroleum products till further notice. Minister of Finance, Budget and Economic Planning, Hajia Zainab Ahmed, announced the development at a meeting held on Monday at the National Assembly. The meeting was convened at the instance of the President of the Senate, Ahmad Lawan. It […]
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The President Muhammadu Buhari led government is set to cut the salaries of civil servants in the country. The Minister of Finance, Zainab Ahmed said that President Buhari had directed the National Salaries, Incomes and Wages Commission to reduce the salaries of workers and employees of several agencies to save costs. She said this was […]
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The Minister for Finance, Budget and National planning, Mrs Zainab Ahmed, has said Federal Government will not make progress unless it borrows more to fund critical infrastructure in the country. Mrs. Ahmed had spoken on Thursday during the maiden edition of the weekly special ministerial media briefing, organised by the Presidential Communications Team. She said […]
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NIGERIA – The minister of finance, budget and national planning, Zainab Ahmed, says lecturers not enrolled for the Integrated Payroll and Personnel Information System (IPPIS) will not get their February salary. Speaking at the opening of a management retreat in Kano on Thursday, the minister said about 55 percent members of the Academic Staff Union […]
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Zainab Ahmed, minister of finance, says owners of yachts and private jets will begin paying luxury items from 2019. Addressing a press conference in Abuja on Monday, the minister said excise duties would be introduced in some areas while taxes would be reduced for small and medium enterprises. “We are exploring the way to increase […]
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