Friday, November 16, 2018

Tag "Udoma Udo Udoma"

    FEC approves N8.73trn for 2019 budget

FEC approves N8.73trn for 2019 budget

The federal executive council (FEC) has approved a budgetary proposal of N8.73 trillion for 2019 fiscal year, N400 billion lower than the 2018 budget.This figure is N400 billion lesser than the N9.12 trillion 2018 budget.Udoma Udo Udoma, minister for budget and national planning, made this known on Wednesday while briefing journalists on the outcome of the council's meeting.The meeting was [...]

0 comment Read Full Article
    Oniha: FG working on ways to avoid debt crisis

Oniha: FG working on ways to avoid debt crisis

Patience Oniha, director general of the Debt Management Office (DMO), says the federal government is working on generating long-term revenue to avoid a debt crisis.Addressing journalists on the sidelines of the ongoing annual meetings of the International Monetary Fund and World Bank Group, Oniha said Nigeria is not currently experiencing a debt crisis."Debt crisis means your ability to service your [...]

0 comment Read Full Article
    Earthquake vibrations hit Bali, venue of IMF/WBG meetings

Earthquake vibrations hit Bali, venue of IMF/WBG meetings

Participants at the ongoing annual meetings of the International Monetary Fund and World Bank Group in Bali, Indonesia, were awakened by vibrations in the early hours of Thursday.Bali, a popular tourist destination in Indonesia is seven hours ahead of Nigeria.In a statement released few hours after the vibrations, the IMF assured participants that the earthquake has not disrupted the meetings."A [...]

0 comment Read Full Article
    Follow TheCable as Zainab Ahmed replaces Adeosun at 2018 IMF/WBG meetings

Follow TheCable as Zainab Ahmed replaces Adeosun at 2018 IMF/WBG meetings

After echoes from the 2018 Spring meeting of the International Monetary Fund and the World Bank Group advising countries to invest in human capital, world leaders and economic experts have gathered again to discuss ways of helping countries build a forte.Countries across the world are looking to build forte against natural disasters and financial crisis.The business and finance world will [...]

0 comment Read Full Article
    Udoma: FG has released N460bn out of N9.12trn 2018 budget

Udoma: FG has released N460bn out of N9.12trn 2018 budget

Udoma Udo Udoma, minister of budget and national planning, says the federal government has released N460 billion as part of the funds for the implementation of the 2018 budget.Addressing journalists on Wednesday on the sidelines of the ongoing annual meetings of the World Bank Group and International Monetary Fund in Bali, Indonesia."N460 billion has been released for the 2018 budget," [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    ‘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, [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
Advertisement
Advertisement

 

Advertisement

Advertisement

Exchange Rates

November 13, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement