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Fuel Subsidy Must Go in June 2023, FG Insists

Fuel Subsidy Must Go in June 2023, FG Insists   The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has said the plan to break off from fuel subsidy funding is not negotiable, describing it as a huge burden sustained by borrowing. She reiterated government's...

CBN Funding to Hit N23.2trn as Debt Servicing Outpaces Revenue

CBN Funding to Hit N23.2trn as Debt Servicing Outpaces Revenue With the amount spent on debt servicing in the first four months of 2022 outweighing the revenue of the country, analysts have projected that the Central Bank of Nigeria (CBN) financing of government through ways...

TSA: Word Bank lauds FG over Remita usage

Senior Special Assistant to the President on Trade and Investment, Dr. Jumoke Oduwole, said the World Bank had commended the implementation of the Treasury Single Account (TSA) by the Federal Government through Remita. Oduwole said not only has Remita, the Central Bank of Nigeria (CBN)-approved...

Adeosun Explains 2017 Budget Figures

The Minister of Finance, Kemi Adeosun, yesterday, said the Federal Government would put forward the sum of N6,866,335,052,740 as 2017 budget. She told members of the Senate Committee on Finance, led by its chairman, John Owan Enoh (PDP, Cross River Central), that government would present...

FG: Nigeria not yet a Mining Nation

The federal government says that Nigeria, though rich in mineral resources, is not yet a mining nation. The Minister of Solid Minerals Development Dr Kayode Fayemi, made the remarks, at the 5th edition of the International Mining Investment Conference and Exhibition on Nigeria (IMICON) in...