FG mulls new reforms to drive insurance industry’s growth
The Minister of Finance, Mrs. Kemi Adeosun has expressed the determination of the current administration to reform the nation’s insurance industry for growth.
Adeosun says insurance sector denying economy 1.5 % GDP growth yearly
The Minister of Finance, Mrs Kemi Adeosun, lamented on Monday that the under-performance of the insurance sector was denying the country an annual 1.5 per cent increment in Gross Domestic Product (GDP).
Why it matters - Part 3
The Minister of Finance, Mrs. Kemi Adeosun yesterday informed members of the House of Representatives that the Federal Government spent N64 billion on foreign trips.
N1.2b bonus demand as test for govt’s fiscal reponsibility compliance level
Stakeholders from the financial sector and civil society groups have said that government’s ability to stick to the rules of Fiscal Responsibility Act in the implementation of 2016 budget stands...
Govt wage bill drops by N6.6b, says Adeosun
The Federal Government yesterday revealed that efforts at improving transparency in the management of public finance have enabled it save about N6.6billion on its payroll since November 2015.
…Buhari: The move to rein in spending habits of governors
“The recent agreement between the federal and state governments to implement a fiscal sustainability plan (FSP) marks a new level in the President Muhammadu Buhari’s ambition to cure the government at federal and state levels...
Government may borrow N165b to pay civil servants
With fast declining revenue, the Federal Government said yesterday it is now faced with the prospect of borrowing to meet the monthly civil service wage bill of N165 billion.
Finance ministry, budget office workers’ strike paralyses activities
As the strike embarked upon by workers of the Federal Ministry of Finance and that of the Budget and National Planning office entered its second day yesterday, activities at the ministry ...