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Minister of Finance
The Minister of Finance, Mrs. Kemi Adeosun, on Wednesday, revealed that the Federal Government would apply the sum of US$3 billion in refinancing the legacy debts of the immediate past government.
The Senate Ad Hoc Committee on Alleged Misuse, Under-Remittance and Other Fraudulent Activities has said revenue agencies short-changed the Federal Government to the tune of N1.7tn as unremitted revenue generated between 2012 and 2016.
President Muhammadu Buhari will on Tuesday depart Abuja for Niamey, Republic of Niger, to participate in a meeting on common currency for the West African sub-region.
The National Action Council, NAC, has called on the Federal Government to shelve its proposed plan for another $5.5 billion loan, describing the proposal as disgraceful.
Some youth groups across the country have vowed to protest against the Federal Government’s plan to get fresh $5.5bn loan, thus adding to Nigeria’s N19.2tn debt profile.
Kemi Adeosun, minister of finance, says it might take five to 30 years to repay the $5.5billion loan that President Muhammadu Buhari is seeking.
President Muhammadu Buhari has given the directive that all the 36 state capitals should be connected with rail in the ongoing railway projects.
The World Bank says it is not in disagreement with the Federal Government on the need to borrow to finance infrastructure.
Former Minister of Finance, Ngozi Okonjo-Iweala, says Nigeria and other countries can fight corruption through strengthening institutions and incentives which could help shape the behaviour of people.
The Managing Director of the International Monetary Fund, Christine Lagarde; a former Minister of Finance, Dr. Ngozi Okonjo-Iweala, and key global experts have advised Nigeria, Argentina and other top countries battling corruption to use tools that can help reduce procurement costs by about 60 per cent.
The Provost/Medical Director, Neuropsychiatric Hospital, Aro, Abeokuta, Ogun State, Dr. Timothy Adebowale, says 50 indigent patients have been abandoned by their families.
The Minister of Finance, Mrs. Kemi Adeosun, on Sunday, said the nation must borrow more in the short term to deliver critical infrastructural projects such as roads, rail and power.
Kemi Adeosun, minister of finance, says Nigerians need to tolerate more debts to allow the Muhammadu Buhari-led administration deliver on its plans for the country.
Nigeria’s former Minister of Finance and chair of Gavi, the Vaccine Alliance, Dr Ngozi Okonjo-Iweala, on Sunday, charged the International Monetary Fund (IMF) and other world bodies to be wary of dealing with civil society organisations (CSOs) claiming to be fighting corruption and promoting transparency in the country.
Minister of Finance, Mrs. Kemi Adeosun, disclosed on Sunday that the Federal Government would not be reckless with foreign borrowings as it maintains an expansionary fiscal policy.
Nigeria has held bilateral discussions with Japan International Cooperation Agency (JICA) power and infrastructure projects as well as some pipeline projects.
A corporal of the Nigerian Army attached to Operation Lafiya Dole has opened fire on his colleagues, killing four personnel and injuring two others.
Tottenham midfielder Dele Alli has been charged by the Football Association after posting a video on social media mocking the coronavirus outbreak.
Celestine Babayaro has shared his thoughts on the appointment of Joseph Yobo as Nigeria’s senior national team assistant coach.
President of the Senate, Ahmad Lawan, will lead a delegation of Senators to the funeral service of Late Senator Longjan Ignatius Dantong slated for March 2, 2020, in Plateau State.
Baleria passed on Tuesday and has since been buried in Kano. The club chairman, Surajo Shuaibu, declared a three-day mourning after a contingent from the club paid a condolence visit to the grieving family.
President of the Senate, Ahmad Lawan, on Friday, said the Late Senator Benjamin Uwajumogu until his death, was a detribalized Nigerian who believed strongly in unity among majority and minority ethnic groups in Nigeria.
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.
Tyson Fury emerged the new WBC Heavyweight champion of the world on Saturday night in Las Vegas after defeating Deontay Wilder in a seventh round stoppage win of their 12-round title fight.
The Supreme Court has fixed February 26 to hear an application filed by the All Progressive Congress (APC), asking it to reverse a judgement that sacked David Lyon as governor-elect of Bayelsa State.
The Cross River Commissioner for Solid Minerals, Mr George O’Ben-Etchi, says the state will partner the Federal Government to boost the solid mineral sector in the country.