The Federal Government has revealed plans to make additional provisions for fuel subsidy in the 2022 budget amid an outcry by labour unions and other stakeholders. Initially, the government had suggested the fuel subsidy scheme may end in June, a move supported by the World Bank, with a cash...
Minister of Finance
The Federal Government has revealed plans to make additional provisions for fuel subsidy in the 2022 budget, Mrs Zainab Ahmed has said. Ahmed, who is the Minister of Finance, Budget, and National Planning, disclosed this on Monday at a meeting with the President of the Senate, Ahmad Lawan, at...
The Federal Government has projected a revenue target of N10.7trillion for the 2022 fiscal year. The Minister of Finance, Zainab Ahmed disclosed this on Tuesday at the public presentation and breakdown of the highlights of 2022 Appropriation Bill in Abuja. She said the figure is 32 percent higher than...
President Muhammadu Buhari has signed the 2022 Appropriation Bill of N17.126 trillion into law. The President signed the national budget on Friday at the Council Chamber of the Presidential Villa in Abuja, the Federal Capital Territory (FCT). The appropriation bill was presented to the President by his Senior Special...
The Federal Executive Council (FEC) has approved 1.9 billion dollars for the procurement of equipment for the nation’s power sector to boost power supply across the country, through the Presidential Power Initiative. Minister of Finance, Budget and National Planning, Zainab Ahmed made the disclosure on Wednesday, when she briefed...
Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said that Nigeria’s non-oil revenue grew to N1.15 trillion, representing 15.7 per cent above target rate in response to Federal Government’s efforts at diversifying the nation’s economy. Ahmed made this known virtually at the Institute of Directors (IoD)...
The Governor of Kaduna State, Malam Nasir El-Rufai, has said the state governments are ready to support the Federal Government in the elimination of fuel subsidy regime. El-Rufai gave the assurance on Tuesday in Abuja, at the presentation of the World Bank Nigeria Development Update, November 2021 edition titled...
The National Economic Council (NEC) says President Muhammadu Buhari has approved a fresh N656 billion Bridge Financing Facility to the 36 States. Hajiya Zainab Ahmed, Minister of Finance, Budget and National Planning, disclosed this on Thursday at a virtual NEC meeting presided over by Vice President Yemi Osinbajo, which...
The Federal Government on Thursday in Abuja said that it would address the basic demands of the Academic Staff Union of Universities (ASUU) next week. The Minister of Finance, Mrs Zainab Ahmed, disclosed this at a tripartite meeting organised by the Speaker of the House of Representatives, Rep. Femi...
The Federal Executive Council on Wednesday approved a 2021-2025 National Development Plan with an investment size of N348.7 trillion. Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this after the virtual meeting chaired by Vice President Yemi Osinbajo on Wednesday. Mrs Ahmed noted that the five-year plan...