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FG Confirms First Payment of N375.8m to Whistleblowers

The Federal Ministry of Finance has confirmed release of N375.8M to the first batch of 20 providers of information under the Whistleblower Policy. The payment, of various amounts totaling N375,875,000, relate to the recovery of N11,635,000,000 . The Minister for Finance, Mrs. Kemi Adeosun stated:...

Nigeria Urges IsDB to Support Implimentation of ERGP

The Federal Government has urged the Islamic Development Bank (IsDB) to do more for Nigeria by supporting the implementation of the country's Economic Recovery and Growth Plan (ERGP) and the delivery of signature infrastructure to meet the development aspirations of Nigerians. The call was made...

FG Sets up Committee on N200bn Pension Debt

The Minister of Finance, Mrs. Kemi Adeosun, on Monday inaugurated an inter-ministerial committee to review all pension liabilities of the Federal Government and come up with strategies to offset them. Adeosun heads the committee made up of the Accountant General of the Federation, Alhaji Ahmed...

FG Urges Japanese Firms to Set up manufacturing Plants in Nigeria

Minister of Finance, Mrs. Kemi Adeosun has told a Japanese Trade and Investment Mission to Nigeria that the country is open and ready to continue to do business with the rest of the world and urged the big Japanese companies to invest in the...

FG Resumes Payment into Excess Crude Account with $87m

The Minister of Finance, Mrs. Kemi Adeosun, has said that the federal government has commenced payment into the Excess Crude Account (ECA), in line with efforts to rebuild fiscal buffers. Adeosun said for the first time since the administration took over, the federal government last...

Nigeria’s Tax to GDP Ratio Unacceptably Low – Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, has said that the nation’s tax to Gross Domestic Product ratio, which is currently put at six per cent, is one of the lowest in the world. She said with such a ratio, which is less than the...