There are currently seven women in cabinet of President Muhammadu Buhari. Here is their list. 1. Sharon Olive Ikeazor 2. Ramatu Tijjani Aliyu 3. Gbemisola Ruqayyah Saraki 4. Sadiya Umar Farouq 5. Mariam Yalwaji Katagum 6. Pauline Kedem Tallen 7. Zainab Ahmed
A report from The Guardian revealed that plans are being made by the Muhammdu Buhari-led federal government to remove subsidies on electricity and petrol in 2022. This was made known by Nigeria's Minister of Finance, Budget, and Planning, Dr. Zainab Ahmed on Friday, in Abuja.
We’ll borrow more to finance N6.258trn 2022 budget deficit – FG Despite the outcry against frequent borrowing, the federal government Wednesday hinted of its plan to borrow more in order to finance the N6.258 trillion deficit in the proposed 2022 budget. This is coming In the heels of the Federal Executive Council (FEC) approval of N16.39 trillion for the 2022 Appropriation Bill.
Many states have been struggling to meet up with salary payment due to the economic downturn and deduction in the monthly allocation from federation account. While the Nigerian Labour Congress is lamenteing the non-payment of salaries in some states, available indicators have shown that about 33 states may not be able to pay salaries because of one major reason.
Today's Headlines:FG Generates 73% of Its Targeted Revenue For 2021; Tension As 3 Feared Dead In Imo
FG generates 73% of its targeted revenue for 2021 Nigeria’s Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, says the the Federal Government has generated N3.93 trillion, being 73 per cent of its targeted N7.9 trillion revenue for 2021. +Photos Credit: Vanguard)
Nigeria's Minister of Finance, Zainab Ahmed has revealed that the reason for Nigeria's rising debt service is due to the country's heavy spending. The Minister blamed Nigeria's rather high debt service in comparison to its revenue on the country's large expenditure base. Zainab made this known during an interview with Bloomberg Tv on Friday, October 15.
Today's Headlines:FG Proposed N292bn To Retire Matured Bonds; PDP Will Return To Power In 2023-Ortom
2022 Budget: FG proposes N292bn to retire matured bonds The federal government has proposed N292.7 billion to retire maturing bonds to local contractors/suppliers of government. (Photos Credit: Vanguard) This represents 1.79 per cent of total expenditure. Minister of Finance Budget and National Planning Mrs Zainab Ahmed made this disclosure at her 2022 budget breakdown in Abuja.
Here's Why The FG Should Rethink Its Plan To Increase Taxes On Carbonated Drink By Next Year January
Image credit: punchng.com According to the Punch News, the Minister of Finance, Budget and National Planning, Zainab Ahmed made it known yesterday that there would be a possible increase in the taxation on carbonated drinks, which would lead to a price increase. Zainab Ahmed revealed this at the Public Presentation and Breakdown of the Highlights of the 2022 Appropriation Bill on Friday in Abuja, stating that it will be part of the additions in the 2021 Finance Act which will take effect from January 2022.
VAT:Why It Would Be Wise For Taxpayers To Hold Onto Their Tax Amid Tussle Between FG And State Govts
Amid the controversy surrounding the idea for states to impose and charge VAT in their respective domains, the Lagos Chamber of Commerce and Industry (LCCI) has in a report from Punch advised business owners to pay their September VAT to the Federal Inland Revenue Services (FIRS).
It is no longer news that the Abuja Appeal Court had ruled against the decision of the Lagos and Rivers State governments to impose and charge VAT, thus preventing both state governments from implementing the verdict, what's news now is that the Minister of Finance, Budget and National Planning, Zainab Ahmed has recently pleaded with Nigerian taxpayers to continue paying tax to the FIRS (Federal Inland Revenue Services) according to a report from Sahara Reporters.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the federal is extremely uncomfortable with the very fact that it exceeded the borrowing threshold within the Fiscal Responsibility Act. Ahmed, who spoke at the ongoing 27th National Economic Summit in Abuja on Monday, said the Federal Government planned to scale down borrowing in the coming years.
The Federal Government has revealed plans to raise $3 billion from Eurobond sales in the second week of October. The Minister of Finance, Budget, and National Planning, Zainab Ahmed, who revealed this during an interview on Bloomberg TV on Thursday said that the $3 billion constituted half of the amount needed from external borrowing to fund the 2021 budget deficit.
The minister of finance, budget and national planning Zainab Ahmed, has given reasons why the federal government would borrow more funds. This is as a result of the present economic situation of the country, Ahmed, on Wednesday, October 6, said that the federal government will borrow to fund the N6.258 trillion deficit in the 2022 Budget.
Three days ago, President Muhammadu Buhari presented the budget to the National Assembly for approval that will enable his administration to continue the ongoing development work. According to the report, President Buhari has proposed a budget of N16.39 trillion, but there's a deficit of N6.26 trillion.
Evicted BBNaija ‘Shine ya Eye’ housemates, Boma and Tega are currently battling to overcome the trauma, shame and negative attention that their ‘ misconduct’ brought to them while they were in the house. In fact, since their eviction last Sunday night alongside Michael and Peace, the two housemates have been in the news for the wrong reason.
President Muhhamadu Buhari's regime says its constant reliance on loans is within healthy limits amid plans to borrow to finance the #6.258 trillion deficit in the proposed 2022 budget, insisting it will keep borrowing because it is Nigerians' interest . "Government has been borrowing before this administration and continues to borrow, and it is important that we borrow to provide developmental projects in the form of roads, rails, bridges , power, and water for sustainable development in this country", said finance minister Zainab Ahmed in a press conference after the council meeting in Abuja on Wednesday .
Photos Credit: Google FG generates 73% of its targeted revenue for 2021 Nigeria’s Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, says the the Federal Government has generated N3.93 trillion, being 73 per cent of its targeted N7.9 trillion revenue for 2021.
It is no longer news that the dept picture of Nigeria is a dilemma which is affecting the total well being of the Nation and causing damages to all sectors of the Nation. The dept picture of Nigeria tells a tale on the economic melt down of the Country and also serves as a determinant to whether the economy system of Nigeria will heal or diminish even more.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has stated that borrowing is the only way the country can escape recession. She made this claim to defend the Federal Government amidst criticism by Nigerians over the incessant borrowings since President Muhammadu Buhari emerged as President.
According to a statement made by Zainab Ahmed the Minister of Finance, Budget, and National Planning, Zainab Ahmed, during a briefing the of the 2022 budget proposal, she said that the Federal government will be borrowing N6.258 trillion, in other to finance the 2022 budget, which will provide developmental projects and basic amenities like power supply, water, rail roads and bridges for the growth and development of the country.