Nigeria Needs $3trn To Tackle Infrastructure Challenges – Ahmed   The Federal Government will require about $100bn annually for the next 30 years to affectively tackle Nigeria’s infrastructure challenges, the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said. A statement from the ministry...

Budget Benchmark Stays Despite Rise In Oil Prices   The Federal Government on Monday said it was not in a hurry to adjust its benchmark oil price for the 2020 budget following the attack on Saudi Arabia’s oil facility, which had resulted in a rebound in...

FEC Approves 7.2% VAT Rate, N10trn For 2020 Budget   The Federal Executive Council on Wednesday approved 7.2 per cent as new Value Added Tax rate for the country, up from the current five per cent. However, a decision has yet to be taken on the effective...

FG Plans Bill To Address Multiple Taxes, Disparity   The Technical Committee of the National Tax Policy Implementation Committee will soon present a bill to the Minister of Finance and National Planning, Mrs Zainab Ahmed, that will harmonise all taxes to enhance ease of doing business...

FG To Create Multi-donor Trust Fund   The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said that Federal Government in the coming weeks will set up Donor Coordination Unit to chart a roadmap for setting up a multi-donor trust fund. The fund would...

Governors Reject FG's Plan To Ask For Refund Of N614bn Bailout   The Federal Government has demanded the repayment of N614bn it offered to 35 states under the National Budget Support Loan Facility. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, who disclosed this...