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Fuel Subsidy: Palliative may gulp more than $800m –Ahmed

Fuel Subsidy: Palliative may gulp more than $800m –Ahmed

If the proposed $800 million fuel subsidy removal palliative to the vulnerable Nigerians is not enough, the Federal Government would provide additional cash to cushion the effects. Minister of Finance, Budget and National Planning of…

Experts dissecting budget amid N77trn projected debt stock

Experts dissecting budget amid N77trn projected debt stock

The 2023 budget breakdown presentation by the Ministry of Finance, Budget and National Planning has evoked diverse responses from experts. The searchlight is on borrowings, debt service and revenue challenge. Abdulwahab Isa reports The 2023…

Subsidy: FG reiterates June timeline for total removal as scarcity persists

Subsidy: FG reiterates June timeline for total removal as scarcity persists

The Federal Government has said it will stop the payment of fuel subsidy by the end of June 2023. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed this yesterday, January 4.…

Budget Padding: Finance minister exonerates Defence, Humanitarian affairs ministers

Budget Padding: Finance minister exonerates Defence, Humanitarian affairs ministers

The Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, yesterday exonerated the Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq and the Minister of Defence, Maj-Gen Bashir Magashi…

Senate summons Finance minister over N147bn power project

Senate summons Finance minister over N147bn power project

The Senate Committee on Power yesterday summoned the Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, to explain why N147 billion was included in the capital project of the Ministry of Power. The…

FG shortlists 11 banks to disburse $350m Cabotage Funds

FG shortlists 11 banks to disburse $350m Cabotage Funds

The Federal Government has said the disbursement of the long-awaited $350m CabotageFundswillstartwiththe inauguration of the special committee set up for the purpose next week by the Minister of Finance, Budget and National Planning Zainab Ahmed.…

SFTAS: FG disburses N471.9bn to states

SFTAS: FG disburses N471.9bn to states

The Federal Government has disbursed a total sum of N471.9 billion as grant to states under the $1.5 billion World Bank Assisted States Fiscal Transparency Accountability and Sustainability (SFTAS) Programme. Minister of Finance, Budget and…

Q1 debt servicing commitment surpassed revenue by N310bn –FG

Q1 debt servicing commitment surpassed revenue by N310bn –FG

The cost of servicing debt surpassed the Federal Government’s retained revenue by N310 billion in the first four months of 2022. The Federal Government said this in its 2022 fiscal performance for the first quarter…

Fuel subsidy: FG to pay N5,000 monthly to 40m deserving Nigerians

Fuel subsidy: FG to pay N5,000 monthly to 40m deserving Nigerians

As part of measures to cushion the removal of fuel subsidy mid- 2022, the Federal Government has concluded plans to institute a monthly transport subsidy in the form of cash transfer of N5,000 to 30…

FAAC: FG, states shared N6.7trn in 10months

FAAC: FG, states shared N6.7trn in 10months

Revenue will maintain its upward trend on higher oil prices –Rewane The three tiers of government has continued to enjoy increased revenue flow from the nation’s commonwealth as Federal Accounts Allocation Committee (FAAC) in 10…