Nigeria’s Economy On Track Despite Recession – FG         The Federal Government has said that Nigeria's economy is still on track despite another recession the country entered into last Saturday. Finance, Budget and National Planning Minister, Mrs Zainab Ahmed stated this at the start of the 26th...

COVID-19: Rivers Misses Out As FG Disburses N66.5bn To States       The Federal Government on Wednesday announced the disbursement of N66.5bn ($175m) to 35 eligible states on the basis of the Amended COVID-19 Responsive 2020 Budget results achievement. According to the government, Rivers State was the only...

FG Seeks NASS's Approval For Issuance Of N35bn Promissory Notes         The federal government yesterday revealed plans to issue promissory notes worth N35.813 billion to 30 local contractors. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed disclosed this during the 2021 budget defence held...

No Plan To Increase VAT, Others – Fed Govt       The Federal Government has refuted speculations it plans to increase the Value Added Tax (VAT) and other taxes in its proposed Finance Bill. Minister of Finance, Zainab Ahmed, who spoke while defending the Ministry’s budget before the...

Nigeria Will Borrow N6trn In 2021 – Ahmed       The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said Nigeria’s total public debt will hit N38tn by December 2021. Ahmed said this on Tuesday in her presentation to the Senate Committee on Local and Foreign...

Fed Govt Seeks New $1.2bn Loan From Brazil       The Federal Government is seeking a $1.2bn external borrowing from Brazil to finance agricultural programmes in the 2021 budget. A request for approval has also been transmitted to the National Assembly. The Minister of Finance, Budget and National...