Government structures budget support for states on monthly basis
The newly scripted Fiscal Sustainability Plan (FSP) by the Federal Government for states will be disbursed to states in monthly tranches as opposed to full disbursement upfront as was the case..
Nigeria needs capital market for infrastructure financing, says minister
The Minister spoke in Abuja, when she received the 12- member Committee on the Nigerian Capital Market master Plan [2015-2023], led by its Chairman and Team leader, Tola Mobolorin.
Nigeria to hold investor roadshow next week
Nigeria will hold a non-deal roadshow in London next week, government sources said on Wednesday, as Africa’s biggest economy explores fund-raising options to finance budget.
‘Nigeria growing without development until now’
The panel was made up of Minister of Finance, Mrs. Kemi Adeosun, her Information and Culture counterpart, Lai Mohammed , Presidential Adviser on Anti-Corruption, Prof. Itse Sagay and Defence Spokesman, Col. Sani Usman.
FG recovers N1.5 bn, shares N281.5billion to 3 tiers of government
The Minister of Finance, Kemi Adeosun, said in Abuja on Wednesday that N1.5 billion, being excess bank charges, was recovered and paid into the Federation Account.
States endorsed 22 -point fiscal reform plan , says minister
Cash-strapped federating states in Nigeria have agreed to adopt a 22- point fiscal governance reforms action plan in their domains, the Minister of Finance, Mrs. Kemi Adeosun said in Abuja, yesterday.
Ondo Anglican diocese wants anti-graft fight in states, councils
For the anti-corruption crusade of the current administration to make the desired impact, President Muhammadu Buhari should extend it to the states and local councils where graft is also endemic.
Govt, stakeholders strategise against low tax-to-GDP ratio
The Minister of Finance, Kemi Adeosun and tax professionals have agreed that the reform of tax laws and revolutionised system of collection is long overdue.
Nigeria losing over N1tr to non-remittance of operating surplus
Nigeria may be losing over N1 trillion to non-remittance of operating surplus through deliberate wrong computations by agencies of government, direct diversion of funds, application of wrong accounting standards and non-inclusive listing of all government corporations.