FG to probe ASUU expenditure, defends oil subsidy regime
The Federal Government is to investigate past expenditure of the Academic Staff Union of Universities (ASUU). This follows the current N1.1 trillion demand by the lecturers.
FG presents second N100b Sukuk proceeds for road projects
Minister of Finance, Mrs. Zainab Ahmed, yesterday presented the second tranche of N100 bllion Sukuk cheque to the Minister of Power, Works and Housing, Mr. Babatunde Fashola...
FG releases N820b to MDAs from 2018 budget
Federal Government on Thursday announced the release of over N820.57 billion to Ministries, Departments and Agencies (MDAs) as a capital expenditure from 2018 Budget, saying that it would soon increase it to N1.1 trillion before the end of the year. Minister of Finance, Mrs Zainab Shamsuna Ahmed, who disclosed this, during the 2019 budget breakdown,…
Nigeria denies plans to limit child births
The Nigerian government on Wednesday has denied it has plans of placing a two-children per family limit on its citizens. Nigeria's finance minister, Zainab Ahmed, at the 2018 Nigerian Economic Summit in Abuja, noted that the Federal government was planning a birth control policy to check the prevalent poverty and unemployment in the country. She…
FG extends verification for Nigeria Airways ex-workers
Minister of Finance, Mrs. Zainab Ahmed, has directed the extension of the ongoing verification and payment of former workers of the defunct Nigeria Airways and assured that the exercise would continue until everybody is captured.
Group advocates capacity building, participatory budgeting at grassroots
Budgeting is an annual ritual in Nigeria, with its presentation and passage usually with fanfare. Ironically, the same energy that is used in celebrating...
Nigeria’s debt sustainability deteriorates faster
Govt spends two-third of revenue on interest payment FSDH research urges urgent revenue diversification Nigeria’s huge debt profile at N22.3 trillion is now assuming more disproportionate weight against the country’s growth and development, a situation that will dispose the nation to perpetual borrowing. But the only solution that is practical, with improved governance, is the…
Government gives Airways ex-workers N22.7b, ASUU gets N20b
The Federal Government has approved the release of N22.68 billion to workers of the defunct Nigeria Airways and N20 billion to the Academic Staff Union of Universities (ASUU).
Buhari approves payment of N22.68 billion for Nigeria Airways retirees
Nigerian president Muhammadu Buhari on Monday approved the sum of N22.68 billion for the payment of retirement benefits to former workers of liquidated Nigerian Airways Ltd.
FG promises to utilise loans from China for projects
The Federal Government has reiterated its commitment to use monies borrowed from the Chinese government for the development of Nigeria. The Finance Minister, Zainab Ahmed, who stated this while debunking claim that money borrowed from the Chinese have not been well utilised, said: “Maybe in the past, some borrowings have been made and not utilised…