Report Says Nigeria’s Budget Transparency Increased By 45%   The transparency level of the federal government’s budget has moved upwards to 45 per cent, a report from the 2021 Open Budget Survey (OBS) has shown. The report, which was unveiled in Abuja on Tuesday was undertaken by...

FG Suspends $950m Eurobond Borrowing Over Pricing   The Federal Government has shelved plans to raise about $950m selling overseas bonds, owing to unfavourable market conditions during the time frame approved for the fundraising, The Minister of Finance, Zainab Ahmed, has said. Ahmed had said in April...

Fed Govt Backs Insurers On Compulsory Policies   The Federal Government has assured insurers that it will ensure compliance with compulsory policies in the country. The Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, said this during the 50th anniversary and commissioning of the new...

N157bn Released To Fund Second Niger Bridge – Ahmed   The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has disclosed that the federal government has so far released N157bn for the Second Niger Bridge project. The minister disclosed this while on an inspection of...

FG’ll Tap $2.2bn Eurobond For Fuel Subsidy Funding, Says Minister   The Federal Government is planning to tap €2bn ($2.2bn) by this month or next of the money it raised in a Eurobond sale last year and targets more local borrowing in 2022 to help fund...

FG Approves N1.42trn For Infrastructure   The Federal Government will spend N3.53 trillion on infrastructure and human capital development. Minister of Finance, Budget and National Planning Mrs. Zainab Ahmed made this known in Abuja at the Town Hall Meeting on the achievements of the government in infrastructure...