Friday, September 21, 2018

Tag "Udoma Udo Udoma"

    Udoma: Nigeria must urgently curb population growth to abolish extreme poverty

Udoma: Nigeria must urgently curb population growth to abolish extreme poverty

Udoma Udo Udoma, minister of budget and national planning, says there is an urgent need to pay attention to Nigeria's uncontrolled population growth.Udoma said current estimates suggest that more than four million people are being added to the country’s population every year.Speaking on Tuesday at the 58th annual general meeting of the Nigeria Bar Association (NBA) in Abuja, the minister [...]

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    N’assembly committee yet to decide on N189bn INEC budget

N’assembly committee yet to decide on N189bn INEC budget

The national assembly committee on the Independent National Electoral Commission (INEC) is yet to decide on if it should approve the entire INEC budget or some of it as recommended by President Muhammadu Buhari.Udoma Udo Udoma, minister of budget and national planning, appeared before the committee on Friday to clarify the issues being raised on the budget.In his remarks, the [...]

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    NBS partners World Bank for ‘appropriate’ poverty report (updated)

NBS partners World Bank for ‘appropriate’ poverty report (updated)

Yemi Kale, the statistician-general of the federation, says the National Bureau of Statistics has partnered with the World Bank to conduct the living standard survey.According to the statistician, this is the appropriate methodology for poverty computation."Nigeria via NBS and World Bank are currently doing the living standard survey which is the appropriate methodology for poverty computation," he said in response [...]

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    ‘Nigeria beyond oil’ — Political, business leaders converge for FT Nigeria Summit

‘Nigeria beyond oil’ — Political, business leaders converge for FT Nigeria Summit

Business and political leaders will on Thursday discuss the way forward for Nigeria at the Financial Times Nigeria Summit.The event, which is scheduled to hold at the EKO Hotel and Suites, Lagos, will examine the various threads that make up the fabric called Nigeria.Topics to be discussed include art, technology, agriculture, banking and finance, currency policy, oil and gas, banking, [...]

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    Nigeria’s economic growth still too slow, says Udoma

Nigeria’s economic growth still too slow, says Udoma

Udoma Udo Udoma, minister of budget and national planning, says the rate of economic growth in Nigeria is still too slow.Speaking with journalists on the sidelines of the ongoing Spring meetings of the International Monetary Fund and World Bank, the minister said more work still has to be done to accelerate growth."Our target is seven percent by 2020, that will [...]

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    FG to Korea: Please encourage your companies to invest in Nigeria

FG to Korea: Please encourage your companies to invest in Nigeria

Udoma Udo Udoma, minister of budget and national planning, has pleaded with the Korean government to encourage its companies to pursue investments in Nigeria.Speaking in Abuja on Thursday when he received Lee In-tae, Korean ambassador to Nigeria, Udoma said although Nigeria appreciates Korea’s assistance in grants and aids, it would also appreciate more Korean investments.The minister said Nigeria has abundant [...]

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    FG reacts to Bill Gates’ comments on economic blueprint

FG reacts to Bill Gates’ comments on economic blueprint

The federal government says contrary to comments made by Bill Gates, co-chairman of the Bill and Melinda Gates Foundation, human capital development is a priority in its economic blueprint.Speaking on Wednesday at the expanded national economic council meeting, the Microsoft boss had said the execution plan of the blueprint does not prioritise human capital development."The Nigerian government’s economic recovery and [...]

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    Senate postpones debate on Budget 2018

Senate postpones debate on Budget 2018

Senate President Bukola Saraki on Tuesday announced the postponement of a debate on the 2018 budget.Saraki said the debate, which was earlier scheduled to hold on Wednesday and Thursday, had been postponed till November 28.President Muhammadu Buhari had presented the budget to the senate on November 7 and Udoma Udo Udoma, minister of budget and national planning had expressed the [...]

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    Lawan: It’s not compulsory to pass 2018 budget by Dec 31

Lawan: It’s not compulsory to pass 2018 budget by Dec 31

Ahmad Lawan, senate majority leader, says passing the 2018 budget by December 31 must not be done at all cost.During his time as acting president, Vice-President Yemi Osinbajo, alongside members of the federal executive council, agreed to return the federal government to a January-December budget calendar, starting with the 2018 budget.But Lawan said returning to a January-December calendar will depend [...]

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    2018 budget ‘will be ready in January’ NOT October

2018 budget ‘will be ready in January’ NOT October

Udoma Udoma, minister of budget and national planning, says the 2018 budget will be ready in January 2018 instead of the October 2017 he earlier announced.Udoma, represented by Aso Vakporoye, deputy director, economic growth in the ministry, spoke in Abuja on Wednesday during the public presentation and capacity building on 2017 agriculture budget."For 2018, the federal government part of it [...]

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    N305/$, 2.3mbpd, N7.9trn… 5 things to know about proposed 2018 budget

N305/$, 2.3mbpd, N7.9trn… 5 things to know about proposed 2018 budget

Udoma Udoma, minister of budget and national planning, has released some details about the proposed budget for 2018.The minister revealed the details during an interactive session with top government officials, civil society organisations and organised private sector (OPS) on the 2018-2020 medium term expenditure framework (MTEF) and fiscal strategy paper (FSP).He said the early submission of the budget would give [...]

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    FG ready to release N350bn for capital projects, says Adeosun

FG ready to release N350bn for capital projects, says Adeosun

Kemi Adeosun, minister of finance, says the federal government is ready to release N350 billion, being the first tranche for implementation of the 2017 budget.Adeosun said this on Monday in Abuja at the public presentation of 2017 appropriation act.She said the federal government has enough cash available to immediately commence the execution of key projects and initiatives scheduled for the 2017 [...]

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    Udoma: Nigeria needs oil to get out of oil-propelled economy

Udoma: Nigeria needs oil to get out of oil-propelled economy

Udoma Udo Udoma, minister of budget and national planning, says Nigeria needs revenue from crude oil to diversify its economy.In a statement issued by Akpandem James, his media aide, on Thursday, the minister said the country’s immediate priority was to get oil production output back to the desired level to secure revenue needed to diversify the economy.He told the United [...]

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    CONFIRMED: Nigeria’s total national debt stock is N16.3trn

CONFIRMED: Nigeria’s total national debt stock is N16.3trn

Udoma Udo Udoma, minister of budget and national planning, says the total national debt stock (both the federal government and the states) stands at N16.3 trillion — as at June 30, 2016.In a statement issued on Tuesday by Akpandem James, his media adviser, Udoma gave the breakdown as foreign liabilities of N3.2 trillion and domestic liabilities of N13.1 trillion.He had drawn public controversy [...]

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    EXTRA: Udoma, budget minister, does not know Nigeria’s debt profile

EXTRA: Udoma, budget minister, does not know Nigeria’s debt profile

Udoma Udo Udoma, minister of budget and national planning, was left red-faced on Monday when he was asked about Nigeria's total debt profile.The question was posed at him during the 22nd Nigerian Economic Summit holding place in Abuja.Zain Asher, a CNN Anchor, who is one of the moderators, asked Udoma to divulge the specific figure of Nigeria's debt profile."How much is [...]

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    N331.5bn released for capital projects, says Udoma

N331.5bn released for capital projects, says Udoma

Udoma Udo Udoma, minister of budget and national planning, says the federal government has so far released N331.5 billion for capital projects from the 2016 budget.According to a statement issued on Tuesday by Adedeji Ajibade, director information of the ministry, the minister disclosed this at a town hall meeting on the "policy dialogue for good governance" organised by the ministry of [...]

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Exchange Rates

September 21, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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