Wednesday, April 1, 2020

Tag "Zainab Ahmed"

    SCAM ALERT: Finance ministry didn’t ask for donations to fight COVID-19, says Zainab Ahmed

SCAM ALERT: Finance ministry didn’t ask for donations to fight COVID-19, says Zainab Ahmed

Zainab Ahmed, minister of finance, budget and national planning, says her ministry did not request donations from the public to tackle coronavirus in the country. In a statement on Sunday, Yunusa Abdullahi, special adviser on media & communications to the minister, dissociated the ministry from a letter circulating on social media requesting donations from the public. Abdullahi said the letter was a [...]

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    COVID-19: FG mulls giving stipends to Nigerians, says Zainab Ahmed

COVID-19: FG mulls giving stipends to Nigerians, says Zainab Ahmed

Zainab Ahmed, the minister of finance, budget and national planning, says the federal government is considering giving out stipends to people whose jobs have been affected by the coronavirus outbreak. Ahmed was speaking on Politics Today, a programme on Channels TV. "We have a number of fiscal incentives that we have thought through and designed but we have to do a couple [...]

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    Zainab Ahmed, Clement Agba test negative for coronavirus

Zainab Ahmed, Clement Agba test negative for coronavirus

Zainab Ahmed, the minister of state for finance, budget and national planning, have tested negative for the coronavirus. The ministry also said Clement Agba, the minister of state for finance, budget and national planning, also tested negative for the virus. Both ministers were tested after coming in contact with persons that had tested positive for COVID-19. "I am grateful for negative #Covid19 test [...]

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    FG releases fresh N620m for fight against coronavirus

FG releases fresh N620m for fight against coronavirus

The federal government has released N620 million, the second tranche of funds, provided to address coronavirus. Yunusa Tanko Abdullahi, special adviser on media and communication to Zainab Ahmed, minister of finance, disclosed this in a statement on Friday. Abdullahi said the release and approval of the funds by President Muhammadu Buhari was based on emergency. He said the first tranche of N364 million [...]

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    Finance minister: Lecturers who are not on IPPIS won’t get February salary

Finance minister: Lecturers who are not on IPPIS won’t get February salary

Zainab Ahmed, minister of finance, budget and national planning, says lecturers who have not enrolled for the Integrated Payroll and Personnel Information System(IPPIS) will not get their February salary. Speaking with reporters at the opening of a management retreat in Kano on Thursday, the minister said about 55 percent members of the Academic Staff Union of Universities (ASUU) have been captured [...]

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    Zainab Ahmed: We may review 2020 budget over coronavirus

Zainab Ahmed: We may review 2020 budget over coronavirus

Zainab Ahmed, minister of finance, says the federal government may review the approved 2020 budget over the economic impact of coronavirus. The 2020 budget of N10.59 trillion was passed by the national assembly on December 5, 2019, and signed into law by President Muhammadu Buhari on December 17. The budget was based on crude oil benchmark of $57 per barrel with a [...]

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    Zainab Ahmed: Nigeria’s debt service to revenue ratio is higher than desirable

Zainab Ahmed: Nigeria’s debt service to revenue ratio is higher than desirable

Zainab Ahmed, the minister of finance, budget and national planning, says the country's debt service to revenue ratio is higher than desirable. Ahmed was speaking on Tuesday during a presentation before the house of representatives committee on aids, loans and debt management in Abuja. In her presentation, the minister said the federal government's intended $22.71 billion loan will be gotten from multilateral [...]

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    Zainab Ahmed: Why Nigeria needs a central register for oil business owners

Zainab Ahmed: Why Nigeria needs a central register for oil business owners

Zainab Ahmed, minister of finance budget and planning, says the federal government will be able to track monies linked to tax evasion, terrorist financing and corruption with the establishment of a register for beneficial owners. Ahmed was speaking on Thursday in Abuja at a roundtable on beneficial ownership register in Nigeria. "As we deliberate today, we should, therefore, be ambitious in our [...]

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    Border closure contributing to rising inflation, says finance minister

Border closure contributing to rising inflation, says finance minister

Zainab Ahmed, minister of finance, says the closure of the country’s land borders is contributing to rising inflation. Last week, the Nigeria Bureau of Statistics (NBS) released figures that showed that the consumer price index, which measures inflation, rose to 11.61% in October, an increase of 0.36 percentage points compared to 11.24% recorded in September. That was the exact inflation rate recorded in [...]

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    ‘FG not responsible for every road in the country’ — Zainab Ahmed defends Fashola

‘FG not responsible for every road in the country’ — Zainab Ahmed defends Fashola

Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in the country. Addressing journalists on Wednesday at the end of the federal executive council meeting in Abuja, the minister said the federal government is only responsible for major arterial roads. Babatunde Fashola, the minister of works and housing, [...]

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    Signing AfCTA doesn’t make our country a dumping ground, says Zainab Ahmed

Signing AfCTA doesn’t make our country a dumping ground, says Zainab Ahmed

Zainab Ahmed, the minister of finance, budget and national planning, has advised participating countries to comply with rules of African continental free trade agreement (AfCTA). Ahmed was speaking during a panel discussion at the ongoing African Economic Congress (AEC) in Abuja on Monday. Represented by Adeyemi Dipolu, the special adviser to the president, Ahmed said all the obligations of trade must be [...]

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    FG planning another 20-year plan to replace Vision 2020

FG planning another 20-year plan to replace Vision 2020

The federal government has announced to work on a 20-year economic development plan for the country to succeed the Vision 2020. Speaking on Thursday at the BusinessDay Investment and Capital Markets conference in Abuja, Zainab Ahmed, the minister of finance, budget and national planning, said there will also be a five-year plan to succeed the economic and recovery growth plan (ERGP). Both [...]

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    Zainab Ahmed: Nigeria’s growth plan has suffered seriously since 2017

Zainab Ahmed: Nigeria’s growth plan has suffered seriously since 2017

Zainab Ahmed, minister of finance, budget and national planning, says the implementation and targets of the economic and recovery growth plan (ERGP) have been at risk since 2017 because of underfunding. Speaking on Tuesday at the Nigeria Governors Forum (NGF) peer-learning event, Ahmed said the federal government had recorded 42% revenue shortfall as at June 30. "Regarding the 2019 budget, as at [...]

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    Nigeria planning to get first tranche of $3bn World Bank loan in April

Nigeria planning to get first tranche of $3bn World Bank loan in April

Talks of a loan for the expansion of the transmission and distribution facilities of the power sector between the Nigerian government and the World Bank have reached final stages as both parties have settled on a loan size of $3 billion. Zainab Ahmed, the minister of finance, made this known on Sunday while addressing journalists, TheCable inclusive, on the activities of [...]

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    FG to publish details of federal, state debts

FG to publish details of federal, state debts

The federal government says it is working to create a database of all the loans and debts held at national and sub-national levels. Zainab Ahmed, the minister of finance, made this known on Thursday while speaking on a panel at the ongoing annual meetings of the International Monetary Fund and World Bank Group in Washington DC. The session, which was tagged 'Decoding [...]

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    Follow TheCable for updates of Nigeria’s activities at IMF/World Bank annual meetings

Follow TheCable for updates of Nigeria’s activities at IMF/World Bank annual meetings

It has been a year since Nigeria was named the poverty capital of the world, six months since Nigeria's excess crude account was named the second-worst globally and three weeks after its top 20 Ease of Doing Business reformers ranking. At its 2019 annual meetings that begin on Tuesday, October 14, the International Monetary Fund (IMF) and World Bank Group, Nigeria's [...]

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Exchange Rates

March 25, 2019USDGBPEUR
INTERBANK306397354
LAGOS380478402
KANO375477498
PH380478498
ABUJA375476400
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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