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FG Rejects IMF’s Tax Recommendation

FG Rejects IMF’s Tax Recommendation   In response to the International Monetary Fund’s recommendation that Nigeria increases its revenue through tax, Finance Minister Zainab Ahmed has said the country has no plans to effect any such hike. Zainab disclosed this while addressing Nigerian journalists on the participation...

Handlers of Failed Skye Bank for Prosecution-FG

Handlers of Failed Skye Bank for Prosecution-FG The Federal Government has promised to persecute all those found to be responsible for the failure of the erstwhile Skye Bank. The Minister of Finance, Zainab Ahmed made this known on Friday while on familiarity visit to the Nigerian...

Govt’s Local Debt Hits N10.8tn, Owes Foreign Creditors $11.5bn

As of September 30, 2016, the Federal Government’s indebtedness to local creditors stood at N10.8tn, while external debt was $11.5bn. The Minister of State for Budget and National Planning, Zaynab Ahmed, disclosed this at the presentation of the budget implementation and performance monitoring report for...

Debt Servicing Gulps N1.1tr in 2016-FG

The Federal Government spent N1.094 trillion on debt servicing between January and September last year, the Minister of State, Budget and National Planning, Mrs Zainab Ahmed, has said. She gave the statistics in Abuja while presenting the draft 2016 budget implementation and performance monitoring report...

FG Committed To Implementing Economic Council Retreat Resolutions

The Federal government has pledged its commitment towards implementing the 71 point National Economic Council (NEC) Retreat Resolutions aimed at improving socio-economic and political development in the country. The Minister of State Budget and National Planning, Mrs Zainab Ahmed made this known at a two-...

Economic Recovery Plan Ready by December – FG

The Minister of State for Budget and National Planning, Mrs. Zainab Ahmed, has said that the national economic recovery plan for the next three years will be ready next. She explained at an economics communications workshop in Abuja that the plan would serve as a...