Petrol price currently sells between ₦162 and ₦165 per litre EKO HOT BLOG reports that the National Economic Council (NEC) has recommended an increase in the price of fuel, according to TheCable. Fuel currently sells between ₦162 and ₦165 per litre in the country. In a report, the online newspaper said NEC, chaired by Vice-President … 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
In spite of persistent agitations in some quarters against the frequent borrowing by the current administration… The Federal Government has disclosed plans to finance the proposed 2022 budget deficit pegged at ₦6.258 trillion through fresh borrowings. Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this during a press conference after the Federal Executive … Read more
The Socio-Economic Rights and Accountability Project (SERAP) has sued President Buhari over ‘missing N106bn’. EKOHOTBLOG reports that the Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Muhammadu Buhari “over his failure to probe allegations that N106bn of public funds are missing from 149 Ministries, Departments and Agencies (MDAs), and to ensure … 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
In the course of investigation, Zainab Ahmed confessed that she had indicated interest in joining the sect, of which they told her that the initiation process involves them having sexual intercourse with her which she consented to. The Katsina State Police Command, has paraded three members of the Hakika Islamic sect at the police headquarters … Read more
Ahmed added that the approval was based on the need for funding to ensure that Nigeria is able to meet its commitment under the Nigerian Comprehensive AIDS programme. The Federal Executive Council (FEC) has approved a draft supplementary budget of ₦895 billion for 2021. Minister of Finance, Zainab Ahmed, revealed this when she briefed State … Read more
Nigeria Labour Congresse has described proposed Salary Slash by Minister of Finance, Zainab Ahmed as “Mass Suicide” For Nigerian Workers . He further described it as most uncharitable, most insensitive, most dehumanizing and most barbaric.” Nigeria Labour Congress has expressed shock at the Minister of Finance, Zainab Ahmed’s comment on wages slash to reduce the … 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
Governor Godwin Obaseki of Edo State has lambasted the Minister of Finance, Budget, and National Planning, Zainab Ahmed, for denying that the Federal Government (FG) printed N60 billion in March to support allocation to states. The governor, in a string of tweets while reacting to the denial by Zainab on Thursday, tackled the Minister for … Read more
Ahmed had, in February, said a supplementary budget will be needed to cover the cost of COVID-19 vaccinations, for which there was no provision in the 2021 finance bill adopted in December The Minister of Budget and National Planning, Zainab Ahmed, on Wednesday, disclosed that the federal government is proposing to spend the sum of … Read more
Ahmed had revealed the government’s plan to sell public assets to partly finance the ₦13.58 trillion 2021 budget Civil society group, SERAP had asked the National Assembly to stop the federal government from selling public assets to fund the 2021 budget YOU MAY ALSO LIKE Recession: “Cut Cost Of Governance”, SERAP Urges Buhari FG Inaugurates … Read more
The federal government may have concluded plans to acquire unclaimed dividends and funds in dormant bank accounts as stipulated by the Banks and Other Financial Institutions (BOFI) Act recently signed into law by President Muhammadu Buhari. The Act reads in part: “Any unclaimed dividend of a public limited liability company quoted on the Nigerian Stock … Read more
The Federal Government said on Friday that has no plans to introduce any new taxes in 2021, but is making efforts to reduce the tax burden on the Nigerian people in view of the current economic situation occasioned by the COVID-19 pandemic and the fall in the prices of crude oil in the international market. … Read more
The Federal Government (FG) says it has conceded about ₦1.024 trillion import duty waivers, concessions and grants to drive economic growth in the country in the past three years. Mrs Zainab Ahmed, the Minister of Finance, Budget and Planning made this known at a one-day sensitisation on Digitisation of Import Duty Exemptions Certificate (IDEC) … Read more
The Federal Government has announced that land borders would be reopened soon. The Minister of Finance, Budget and National Planning, Zainab Ahmed, stated this in a chat with State House correspondents on Wednesday. Ahmed said the presidential committee set up on the issue has recommended reopening of the borders. She said the committee would soon … Read more
Minister of Finance and National Planning, Zainab Ahmed, says that the current recession will be short-lived and exited by the first quarter of 2021. Ahmed made this known at the 26th Nigerian Economic Summit organised by the Nigerian Economic Summit Group and the Federal Ministry of Finance, Budget, and National Planning. The Minister said the … Read more
The Federal Government has refuted speculations it plans to increase the Value Added Tax (VAT) and other taxes in its proposed Finance Bill. Minister of Finance, Zainab Ahmed, who spoke while defending the Ministry’s budget before the Senate Committee on Finance in Abuja, dismissed the claims of an imminent increase in VAT and other taxes … Read more