Zainab Shamsuna Ahmed
FG releases N996b 2020 capital votes
The Federal Government has released N995. 665billion out of the N1.347trillion capital votes budgeted for the year. Minister of Finance, Budget and National Planning, Mrs. Zainab Shamsuna Ahmed disclosed the development in Abuja yesterday at the presentation of N162. 557 billion cheque to contractors
‘Nigeria Solidarity Support Fund will help contain COVID-19, other epidemics’
As part of efforts to provide additional support for Nigeria’s response to the novel coronavirus (COVID-19) pandemic and better respond to the virus in communities across the country, as well as to strengthen health systems in the aftermath of the acute pandemic response..
Court okays probe into FG’s handling of $460m Chinese loan
The Federal High Court, Abuja has granted leave to the Socio-Economic Rights and Accountability Project (SERAP) to pursue its inquiry into how the...
Disquiet as government’s revenue expansion plans gain momentum
The Federal Government is earnestly looking for how to shore up its revenue and has from every indication settled for an increment in the Value Added Tax (VAT) rate by 50 per cent, from the current...
Few Nigerians control collective wealth, says Buhari
President Muhammadu Buhari yesterday decried the distribution of wealth among Nigerians, lamenting that a significant proportion of the nation’s prosperity is concentrated in the hands of a few people, causing the migratory and security trends in the country
FG to reduce capital vote in 2020 budget
The Federal Government is to reduce capital vote from the current 32 per cent to 17 per cent in the 2020 appropriation bill. Conversely, it plans to raise recurrent expenditure to 79 per cent from 68 per cent in the coming budget.
FG, states, LGs shared N770 billion for July
The Federal Government, states and local councils have shared a total of N769.523 billion from the federation account for the month of July.
Revenue projections for 2018 budget record 45% loss
• FG releases N2.079tr capital votes, states get N649.4b Paris Club refund • CBN inaugurates committee, govt loses $2.2b yearly to textile smuggling Minister of Finance, Mrs. Zainab Shamsuna Ahmed has said the 2018 Budget suffered a revenue projection loss of 45 per cent, which made the implementation difficult due to low revenue performance. She…
FG reads riot act to MDAs over biometrics capturing
Ministries, departments and agencies (MDAs) that do not comply with the Integrated Personnel and Payroll Information System (IPPIS) may have their personnel costs withheld by the Office of the Accountant General of the Federation (OAGF). The Minister of Finance, Mrs. Zainab Shamsuna Ahmed, who gave the warning in Abuja, stated that the IPPIS had saved…