World Bank proposes $1billion for FG’s power reform
The Word Bank has its renewed commitment to support the Federal Government’s Power Sector Recovery Programme (PSRP), with a proposed $1billion Performance Based Loan (PBL).
Adeosun releases another N750 billion 2017 capital votes
Finance Minister Kemi Adeosun yesterday announced the release of another tranche of N750 billion for the execution of projects captured in the 2017 fiscal plan. The sum of N450 billion had earlier in the year been released in addition to the Sukuk bond proceeds from which some contractors engaged in the country’s road infrastructure were…
Caution optimism and Nigeria’s economy
The Central Bank of Nigeria (CBN), at its last Monetary Policy Committee meeting, retained all rates for a period of 16 months, since July 2016 when it adjusted it upwards from 13 per cent to 14 per cent. The move was more of a “single dose” approach to multiple challenges facing an economy soon to…
How data drives government’s voluntary assets, income declaration - Adeosun
We started the programme on July 1; it’s a nine-month programme. So, as we speak, there are still four months to go, and there is enough time for anyone that really wants to comply to pick up the form.
Finance minister explains timing of Gwarzo’s suspension
The integrity of the nation’s capital market was the major consideration for the timing of the suspension of Director General of the Securities and Exchange Commission (SEC), Mounir Gwarzo. Gwarzo, who was queried by the Ministry of Finance on November 3, 2017 responded on November 7, 2017, even as his response was unsatisfactory. There was…
FG to begin implementation of 2017 revised import, export guidelines next month
The Federal Government said it will commence the implementation of the 2017 Revised Import and Export Guidelines in January 2018, in efforts to enhance...
‘Government’s new import, export guideline to increase cost, delay at ports’
The recent import and export guidelines rolled out by the Federal Government would increase cost and cargo delays at the ports, say clearing agents.
Nigeria and the search for prosperous future
Since the middle of 2014, when the price of crude oil fell dramatically, Nigeria’s finances became challenged. This is not hard to explain: we’ve historically depended on crude oil for as much as 70 per cent of government revenues....
Reps quiz ministers, agencies over Maina’s reinstatement
Finance Minister Mrs. Kemi Adeosun yesterday refuted the claim that the former chairman of the Presidential Task Force on Pension Reform, Abdulrasheed Maina, was still on the payroll of the Federal Government.