Petrol Subsidy Will Remain Till June 2023 – FG EKO HOT BLOG reports that the Federal Government on Monday reiterated that petrol subsidy will remain in place until mid-2023. According to the Minister of Finance, Zainab Ahmed, the government is proposing to spend only N3.36 trillion for petrol subsidy in 2023. EDITOR’S … Read more
The suspension is the latest in the ₦80 billion scandal involving the Accountant General who was arrested by the Economic and Financial Crimes Commission (EFCC) on Monday According to the minister, during the suspension period, which is without pay, Idris is not “expected to attend to your place of work or contact any official in … Read more
A Federal High Court in Port Harcourt had in a ruling delivered in August granted the Rivers State government the right to collect VAT EKO HOT BLOG reports that the Federal Government is considering an out-of-court settlement to resolve the lingering disagreement with states over the collection of the Value Added Tax (VAT). Minister of … Read more
SERAP has sued Buhari, seeking the recovery of ‘missing N881bn’. EKOHOTBLOG reports that the Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Muhammadu Buhari over his failure to probe the alleged disappearance of N881 billion from the Ministries, Departments and Agencies (MDAs), among others. SERAP made this known via a statement by … Read more
SERAP has sued President Buhari over the plan to monitor WhatsApp calls and messages. EKOHOTBLOG reports the Socio-Economic Rights and Accountability Project (SERAP) has sued President Muhammadu Buhari, urging the court to declare illegal and unconstitutional the plan by the administration to track, intercept and monitor WhatsApp messages, phone calls, and text messages of … Read more
Recall that the minister had said Nigeria will fund its 2022 budget deficit, pegged at ₦6.258 trillion, through fresh borrowings Minister of Finance, Budget and National Planning, Zainab Ahmed has again backed recent borrowings by the Federal Government, maintaining that they were instrumental to the country’s exit from economic recession. Ms. Ahmed stated this on … Read more
Police operatives have arrested the suspected killers of Chike Akunyili. EKOHOTBLOG reports that the Anambra State Police Command has arrested two suspects in connection with the murder of Dr Chike Akunyili, the husband of the late Minister of Information, Prof Dora Akunyili. EKOHOTBLOG had reported that Chike Akunyili, a medical doctor and widower of a late Minister … 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
A Federal High Court sitting in Abuja has delivered judgment on former Minister of Finance, Mrs. Kemi Adosun’s NYSC certificate saga. EKO HOT BLOG reports that a Federal High Court in Abuja has cleared former Minister of Finance, Mrs. Kemi Adosun, of the controversy surrounding her participation or otherwise in the National Youths Service Corps … Read more
The Federal Government has commenced preparation of its 2021 budget, as the Ministry of Finance, Budget and National Planning has received anticipated personnel costs for next year, from various Ministries, Departments and Agencies, MDAs. This followed the Personnel Cost Budget Call Circular issued in April by the Minister, Mrs. Zainab Ahmed, which gave all MDAs … 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
The Federal Government on Friday released N285 billion to fund some infrastructural projects under the 2020 budget. Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, said this on Friday to the State House correspondents. She said the releases were made under transportation, Niger Delta, Works, and Housing ministries. Ahmed made this known after … Read more
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed on Wednesday announced that Nigerians need to adjust to life without oil following the breakdown in global oil price caused by the Coronavirus pandemic. Ahmed, while speaking at the Going for Growth conference, noted that the current economic challenge came unexpectedly. Mrs. Zainab Ahmed … Read more