Home Topics Federal Ministry of Finance

Federal Ministry of Finance

Delta govt owing contractors over N100bn – David Edevbie

Delta State Commissioner for Finance, Mr David Edebvie, yesterday said the state government was owing contractors over N100 billion, admitting that the government has not made good progress dealing with the issue of debt owed contractors, particularly those between one million and two million naira.

House of Reps seek N1.8 billion compensation for poultry farmers over bird flu

The House of Representatives has ordered investigation into the non-payment of N1.8 billion to poultry farmers over loss from bird flu. This followed a motion under matters of urgent national importance by Abdulrazak Namdas (Adamawa-APC).

Nigeria, JICA hold bilateral talks on power, infrastructure projects

Nigeria has held bilateral discussions with Japan International Cooperation Agency (JICA) power and infrastructure projects as well as some pipeline projects.

Tackling corruption in Nigeria through whistle blowing

AFRICMIL believes that government on its own cannot win the war against corruption without the input of the citizens. Corruption Anonymous is, therefore, focused on mobilizing citizens as the critical factor of success in the anti-corruption campaign through whistleblowing.

Edo IRS seals fed govt-owned Bronze FM station over N6.7m tax default

Activities in the Benin station of the Federal Radio Corporation of Nigeria, Radio Nigeria Bronze FM, have remained grounded for two weeks after the radio station was shut by the Edo State Internal Revenue Service over an alleged indebtedness of N6.7m tax.

Fed govt to shutdown NERFUND over N17.5 billion bad loans

The Federal Government has begun plans to shutdown the National Economic Reconstruction Fund (NERFUND) over non-performance and non performing loans of over N17.5 billion.

Senate to hand over firms to EFCC over alleged N30tr revenue fraud

The Senate says plans have been concluded to hand over companies found culpable in its investigation into alleged N30 trillion revenue scam in the import and export value chain, to the Economic and Financial Crimes Commission (EFCC) for prosecution.

Fed govt targets $1 billion tax revenue

The Voluntary Assets and Income Declaration Scheme (VAIDS) has deployed over 700 graduates as Community Tax Liaison Officers (CTLOs) to nine states of the Federation and the Federal Capital Territory (FCT).

Court begins N11m fraud trial within trial of ‘ghost worker’

The trial-within-trial in a case involving Dairo Samson, who is facing an eight-count charge preferred against him by the Economic and Financial Crimes Commission for defrauding the Federal Government of N11 million began on September 21, 2017.

Statistics essential for Nigeria’s economic growth – Adeosun

The Minister of Finance, Mrs Kemi Adeosun, on Monday said that accurate statistics was vital in the fight against corruption and achievement of the Federal Government’s economic recovery and growth plan.

Fed govt to employ 7,500 graduates, 5,000 non-graduates

The Federal Government has disclosed its plans to recruit 7,500 graduates as Community Tax Laision Officers across the country.

We’re working to clear salary arrears – Ortom

Benue State Governor Samuel Ortom has disclosed that the State House of Assembly has given him and the executive council the go ahead to look for finance houses that would buy off the salary burdens of the state.

NBS to confirm Nigeria’s exit from recession Tuesday

The much awaited confirmation from National Bureau of Statistics (NBS) on whether or not Nigeria has finally exited its longest recession since 1987 will now be released on Tuesday.

How Nigerians can access housing finance, pay within 25 years – CBN

The Central Bank of Nigeria (CBN) is spearheading a new scheme targeted at providing improved access to housing finance to aspiring homeowners.

Nigerians will soon see the effects of our efforts – Adeosun

Kemi Adeosun, minister of finance, says there is an urgent need to reposition the federation account allocation committee for better performance through efficient management of resources.

Adeosun canvasses fiscal discipline, rational resource allocation

The Minister of Finance, Mrs. Kemi Adeosun, has advised all tiers of government to strive for fiscal discipline, improved revenue generation, rational allocation and efficient use of resources if the economy is to move back to sustainable growth and development.

Fed govt revenue declined by N183.2bn in July

The revenue accruing to the federation account from oil and non-oil sources recorded a decline of N183.26bn from N570.58bn received in the month of June to N387.31bn in July.

Central bank kicks off ‘My Own Home’ scheme in Lagos

In a bid to promote increase access to housing finance and home ownership, the Central Bank of Nigeria (CBN) has launched its Nigerian Housing Finance Programme (NHFP) in Lagos area.

Recent Stories

Medical council validates four coronavirus test kits – registrar

The Medical Laboratory Science Council of Nigeria (MLSCN) says it has validated four Rapid Test Kits to determine their suitability for testing SAR-COV-2 infection popularly known as COVID-19 in the country.
Legendary reggae artiste, Majekodunmi Fasheke, aka Majek Fashek is dead. The artiste died in a New York hospital after a protracted illness on Monday about 5-45pm. He was aged 71.

Nigerian celebrities mourn deceased Majek Fashek

Nigerian celebrities have taken to their social media platforms to mourn the death of Music Legend, Majekodunmi Fasheke, a.k.a Majek Fashek.
Rwanda says it will announce new restrictions on containing the coronavirus Tuesday, a stark reversal of the country's plan days ago to ease restrictions, including motor vehicle travel throughout the country.

Rwanda set to announce new coronavirus restrictions

Rwanda says it will announce new restrictions on containing the coronavirus Tuesday, a stark reversal of the country's plan days ago to ease restrictions, including motor vehicle travel throughout the country.
Nigerian President Muhammadu Buhari3

Nigeria declares telecoms facilities critical national Infrastructure

In response to the yearnings of industry stakeholders to declare telecom facilities Critical National Infrastructure, President Muhammadu Buhari, has finally approved and also directed that necessary physical protective measures be put in place to safeguard telecommunications infrastructure deployed across the country.
President Muhammadu Buhari has again, addressed Nigerians on the efforts of its government to contain the coronavirus pandemic (covid-19) that is ravaging the country 4

ASCAB: President Buhari’s speech underestimate Sani Abacha’s $5 billion loot

Alliance for Surviv­ing COVID-19 and Beyond, (ASCAB), a group led by prominent Nigerian human rights lawyer, Femi Falana has said that President Mu­hammadu Buhari’s claim that late dictator, Sani Abacha, stole $1 billion con­tradicts the figures earlier released by his own officials.