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$30bn External Borrowing as Necessary Pill for Economic Revival

President Muhammadu Buhari last week wrote the National Assembly seeking approval to borrow $29.96 billion under the External Borrowing (Rolling) Plan to address the infrastructure deficit in the health, education, water resources and other sectors. The president’s letter, which was read at plenary by the...

Adeosun: 62% of N220bn MSME Funds Reserved for Women

The Minister of Finance, Mrs. Kemi Adeosun, has urged Nigerian women to key into the Central Bank of Nigeria’s (CBN) N220 billion Medum Small and Mirco Entetprises (MSMEs) fund. She regretted that despite the fact that 62 per cent of the facility is for women,...

Economic Challenges, Great Opportunity for Nigerian Women, Says Adeosun

The Minister of Finance, Mrs. Kemi Adeosun has challenged Nigerian women to avail themselves of the immense opportunities created by the current economic challenges in the country. The Minister, who was the keynote speaker at the launch of First Gem, the first female-focused product from...

Budget: FG has Released N2.5tn, say Udoma, Adesoun

The Federal Government has said it had so far released N2.5tn out of the N6.6tn budgeted for the 2016 fiscal year. The government also said the proposed external borrowing was for the execution of capital projects. President Muhammadu Buhari had on Tuesday sought the approval of...

Adeosun Hosts IMF Director, Says FG is Committed to Infrastructure Development

The Minister of Finance, Mrs. Kemi Adeosun has told the visiting Director, African Department of the International Monetary Fund (IMF), Mr. Abebe Aemro Selassie that the Federal Government is leaving no stone unturned in its bid to make infrastructure development a priority. Taking the visiting...

Revenue Agencies Stink of Corruption – Adeosun

MINISTER of Finance, Mrs Kemi Adeosun, yesterday, told the Senate that the Federal Government would sustain its over N6trillion national budget in the 2017 appropriation bill, expected to be submitted by President Muhammadu Buhari, after the consideration and subsequent approval of the pending 2017—2019...