Tinubu Group accuses Wale Edun of historic zero budget performance. The group demands his resignation, citing worsening economic hardship. It also warned the National Assembly against shielding him. The South West Agenda for Tinubu (SWAGA) has demanded the resignation of the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, accusing him of … Read more
Wale Edun-Led Customs Board Cracks Down on Officer Misconduct NCSB Approves New Trade Policy The Nigeria Customs Service Board (NCSB) has introduced a new $300 duty-free threshold for low-value imports. According to Eko Hot Blog, the Board, chaired by Finance Minister Wale Edun, approved a major policy change at its 63rd regular meeting, which takes … Read more
Senator Mohammed Ali Ndume, representing Borno South in the National Assembly, has urged Minister of Finance Wale Edun, the Federal Inland Revenue Service (FIRS), and other economic managers to stop misleading President Bola Tinubu. Ndume made this statement in response to the Federal Government’s plan to increase the country’s tax regime. He expressed concern that … Read more
Finance Minister and Coordinating Minister of the Economy, Wale Edun, has dismissed rumours of an imminent increase in the Value-Added Tax (VAT) rate from 7.5% to 10%. In a statement released on Monday, Edun clarified that the VAT rate remains firmly at 7.5%, as stipulated by Nigerian tax laws. EDITOR’S PICKS School Proprietress Allegedly Killed, … Read more
Government Reassures on Pension Fund Integrity Safeguarding Workers’ Savings a Priority Responsible Investment Strategies Explored Eko Hot Blog reports that, addressing concerns, the Nigerian government categorically stated its commitment to safeguarding workers’ pension funds. In a statement, Finance Minister Wale Edun clarified, “The federal government has no intention to illegally access workers’ savings.” Editor’s Pick … Read more
Tinubu-led govt hasn’t borrowed from CBN since assuming office. Finance Minister emphasizes commitment to using ‘Ways and Means’ to manage liquidity. Plans for tax reforms to boost revenue and address low tax-to-GDP ratio outlined. EKO HOT BLOG reports that Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the Bola Tinubu-led Federal … Read more
Eko Hot Blog reports that the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has said that the country can no longer afford to rely on borrowing to fund the 2024 Budget. Edun stated this on Thursday when he appeared before the joint Senate Committee interrogating the 2024-2026 Medium Term Expenditure Framework … Read more
CBN has revealed that the Naira redesign project has already been approved by Buhari. EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has reacted to the statement of the Minister of Finance, Budget and National Planning, Zainab Ahmed, claiming that her ministry has no knowledge about the redesigning of the Naira notes. … Read more
Buhari Makes Fresh Appointment Ahead Of 2023 EKO HOT BLOG reports that President Muhammadu Buhari has appointed Aminu Umar-Sadiq as the new Managing Director (MD) and Chief Executive Officer (CEO) of the Nigeria Sovereign Investment Authority (NSIA). The appointment of Umar-Sadiq follows the expiration of the tenure of Uche Orji, who completed his … Read more
…the Federal Government will have to make an incremental provision of ₦2.557 trillion in order to meet subsidy requirements… EKO HOT BLOG reports that the Nigerian National Petroleum Corporation (NNPC) has requested the sum of three trillion naira (₦3,000,000,000,000) as fuel subsidy for 2022. Minister of Finance, Budget, and National Planning, Zainab Ahmed, disclosed this … Read more
The Minister said this while delivering a keynote address at the zonal sensitisation seminar on the National Vehicle Registry (VREG) policy in Abuja. Zainab Ahmed the Minister of Finance, Budget, and National Planning has asserted that the bulk of cars imported into Nigeria were stolen. The Minister said this while delivering a keynote address … Read more
Court has restrained the Minister of Finance, Zainab Ahmed, from reducing the salaries of Doctors. EKO HOT BLOG reports that the National Industrial Court sitting in Abuja has restrained the Minister of Finance, Budget and National Planning, Zainab Ahmed, from reducing the salaries and allowances of members of the Association of Specialist Medical Doctors in … Read more
… we have had to borrow more than we have planned before the COVID-19 started because we need to still continue to invest in infrastructure using our national budget Minister of Finance, Budget and National Planning, Zainab Ahmed, on Monday admitted that Nigeria’s economy was facing a difficulties and urged states to improve their internally … Read more
President Muhammadu Buhari is currently presiding over the 12th virtual meeting of the Federal Executive Council (FEC) at the State House, Abuja. The Ministries of Finance, Budget and National Planning; Mines and Steel Development and the Federal Capital Territory are expected to make presentations during the meeting being coordinated from the State House. Those in … Read more
Nigeria’s economy is heading on a steep downward slide into recession says Minister of Finance. Minister of Finance Zainab Ahmed told Senators that the deficit financing of the revised N10 .59 trillion 2020 budget had risen from N1.847 trillion to N4.563trillion . This indicators emerged during a defence session held by the Senate Committee on … Read more
In a mind blowing turn of events, Germany’s Hesse state Minister of Finance, Thomas Scheafer, has committed suicide after suffering from deep depression over how the country will cope with the economic fallout as a result of the Coronavirus pandemic. According to the state premier Volker Bouffier on Sunday, 54 year old, Schaefer was found … Read more
– Federal government has designed 11 economic priority areas – Finance minister, Zainab Ahmed, made this known on Wednesday, September 5 – Ahmed also gave assurance that budget 2020 will be submitted to the National Assembly by the end of this month Finance minister, Zainab Ahmed, on Wednesday, September 5, said the federal government has … Read more
Minister of Finance, Mrs Zainab Ahmed, has called for more women inclusion in the nation’s extractive industry. She made the call, weekend, on the heels of the 2019 International Women’s Day with the theme: ‘#BalanceforBetter.’ Ahmed said in a statement by her Special Adviser (Media and Communications), Mr Paul Abechi, that women possessed great … Read more