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Minister of Finance Budget and National Planning
Socio-Economic Rights and Accountability Project has asked the Federal Government to make public the exact amount of public funds stolen by a former military head of state, Sani Abacha, and details of spending of about $5 billion recovered loot since the return of democracy in 1999
The Socio-Economic Rights and Accountability Project (SERAP) has asked the federal government to “disclose within 7 days of the receipt and/or publication of our Freedom of Information requests the exact amount of public funds stolen by a former military head of state, Sani Abacha, and details of spending of about $5 billion recovered loot since the return of democracy in 1999.”
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, says the Federal Government through Bank of Industry (BoI) has approved facility of about seven billion naira under its creative industry group.
The Federal Government has ordered that the salaries of staff of the federal tertiary institutions in Nigeria yet to be enrolled on the Integrated Personnel and Payroll Information System (IPPIS) be stopped immediately
Workers of various tertiary institutions who have not been captured on the Integrated Personnel and Payroll Information System (IPPIS) are in for a tough time as the federal government has suspended the payment of their salaries and emoluments with effect from January.
The Minister of Finance, Budget and National Planning, Mrs Zainab Usman, disclosed in Abuja that the implementation of Value Added Tax (VAT) new rate of 7.5 per cent will commence on February 1, 2020, after all the necessary administrative procedures have been completed, especially the gazette of the Act by the Federal Ministry of Justice.
President Muhammadu Buhari on Monday signed into law the Finance Bill 2019 (now Finance Act), which among other objectives, seeks to increase government revenue while supporting struggling small businesses in Africa’s largest economy.
The Federal Government, on Thursday, urged university lecturers who are yet to enrol in the Integrated Payment and Personnel Information System (IPPIS) to do so, assuring that the peculiarities of tertiary institutions will be accommodated.
President Muhammadu Buhari Thursday in Abuja said Federal Government will give more attention to improving personnel and infrastructure of universities to produce quality graduates, assuring that education will, henceforth, be a top priority in development goals of the country.
The Finance Bill 2019, when signed into law, will ensure that small businesses with turnover less than N25m will be exempted from Companies Income Tax.
In what may be termed the first soothing news of 2020, the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Monday reiterated Federal Government’s plan to lift 100 million Nigerians out of poverty this year, in line with a pledge earlier made by President Muhammadu Buhari in 2019.
The Federal Government says it is studying the situation on change of West African Economic and Monetary Union (UEMOA) currency, Eco, to be used as ECOWAS single currency.
The Auditor-General of the Federation, Mr. Anthony Ayine, has reported that some federal government Ministries, Departments and Agencies (MDAs) spent N26.606 billion in 2017 without payment vouchers or requisite approvals for such expenditures.
The Socio-Economic Rights and Accountability Project (SERAP), BudgIT, Enough is Enough (EiE) and 583 concerned Nigerians have filed a lawsuit asking the Federal High Court, Abuja to “restrain and stop President Muhammadu Buhari and Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning from releasing N37 billion allocated for the renovation of the National Assembly complex to the Federal Capital Development Agency and the National Assembly until an impact assessment of the spending is carried out.”
The automation of the import duty exemption certification (IDEC) process will commence in the first quarter of next year, Minister of Finance, Budget and National Planning, Zainab Ahmed, announced on Friday in Abuja.
The federal government has so far released more than 56 per cent of the approved expenditure for capital projects in the approved 2019 budget, Minister of Finance, Budget and National Planning, Zainab Ahmed, has said.
The Federal Government said on Wednesday that a total sum of N1. 2 trillion was released for capital projects in the 2019 budget.
Alexandre Lacazette has told Bukayo Saka to commit his future to the club, in a message on social media.
The Nigerian Railway Corporation (NRC) says Nigerians will soon enjoy hourly train services on the Lagos-Ibadan Standard Gauge rail line.
Victor Mbaoma has told newsmen that he has fulfilled one of his essential objectives that influenced his decision to join Enyimba of Aba last year.
The Jigawa Police Command, has confirmed that its patrol vehicle hit and killed a pedestrian, Hauwa Danladi-Turis, and injured four others in Malammadori Local Government Area (LGA) of the state.
Asisat Oshoala netted her second hat-trick of the season for Barcelona and made an assist in their 6-0 win over Logrono in the Spanish Primera Iberdrola encounter on Saturday.
The Tertiary Education Trust Fund (TETFund) has suspended sponsorship of conference attendance for Nigerian lecturers over allegations of fraudulent practices by many the beneficiaries.
Jamilu Collins scored an unfortunate own goal that condemned Paderborn to a 2-1 Bundesliga defeat to Hertha Berlin at the Benteler-Arena on Saturday afternoon.
The National Agency for Food and Drug Administration and Control (NAFDAC) volunteered last year at the last meeting in Morocco to host the Third African Medicine Quality Forum (AMQF) meeting. The meeting will take place at the Transcorp Hilton Abuja from the 24th – 28th February, 2020.
Amid speculations that the ruling All Progressives Congress may collapse after the exit of President Muhammadu Buhari in 2023, the Governor of Yobe State, Mai Mala Buni, has said the much speculated presidential ambitions of Governor Nasir el-Rufai of Kaduna State and that of the National Leader of the All Progressives Congress, Asiwaju Bola Tinubu, cannot break the party.
Following several hours of unsuccessful search for the body of a man, identified as Mr Daibo Toju Davies, 22, who committed suicide by jumping into the Lagoon from Third Mainland Bridge inward Adeniji Adele Road, Lagos Island, on Saturday, men of the Lagos State Emergency Agency, LASEMA, and other rescue team have suspend further search for the next 48 hours.