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Ministry of Finance Budget and National Planning

Debt Management Office (DMO)

DMO: Chinese loans constitute only 3.9 percent of Nigeria’s total public debt stock

Total loans by the Chinese government and affiliate agencies to Nigeria is about $3.121 billion and constitutes only about 3.94 per cent of Nigeria’s total public debt of $79.3 billion as of March 31, the Debt Management Office (DMO) has said.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

PAGMI: CBN’s purchase of locally produced gold’ll boost foreign reserves

The Presidential Artisanal Gold Mining Development Initiative, PAGMI, has assured that Central Bank of Nigeria’s purchase of locally produced gold will boost the nation’s foreign reserves.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Central bank re-assigns two pre-shipment inspection agents for non-oil export

The Central Bank of Nigeria, CBN, yesterday, re-assigned two companies as Pre-Shipment Inspection Agents (PIA) for non-oil exports in the northern and south-western parts of the country.
President of the Senate, Senator Ahmad Lawan, presiding over plenary on Tuesday at the National Assembly, Abuja.5

Senate tasks President Buhari on timely presentation of 2021 budget

President of the Senate, Ahmad Lawan, on Tuesday urged the Executive arm of Government to work on the estimates for the 2021 budget to ensure its timely presentation to the National Assembly by the end of September this year.
President Muhammadu Buhari is currently presiding over the eighth virtual meeting of the Federal Executive Council (FEC) holding inside the Council Chambers of the State House, Abuja.

FEC: Ministries of education, humanitarian, finance, others make presentations

Newsmen reports that the affected ministries include Ministries of Finance, Budget and National Planning; Water Resources; Education; Transportation, Environment and Humanitarian Affairs, Disaster Management and Social Development.
Recall that the N10.594 trillion 2020 Budget passed by the National Assembly was on Tuesday assented to by President Muhammadu Buhari. 4

President Buhari’s speech at signing into law of revised 2020 budget

Speech by His Excellency, Muhammadu Buhari, President of the Federal Republic of Nigeria at the signing into law of the Appropriation (Repeal and Amendment) Act, 2020 Presidential Villa, Abuja. Friday, 10TH July, 2019
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Saturday met with the leadership of the National Assembly to intimate it with an Executive proposal to establish a N500 billion COVID-19 Crisis Intervention Fund.

Nigerian government kick-starts 2021 budgetary process

The Federal Government has commenced preparation of its 2021 budget, as the Ministry of Finance, Budget and National Planning has received anticipated personnel costs for next year, from various Ministries, Departments and Agencies, MDAs.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Saturday met with the leadership of the National Assembly to intimate it with an Executive proposal to establish a N500 billion COVID-19 Crisis Intervention Fund.

Federal, states, local governments share N547.3 billion for May

The Federation Account Allocation Committee (FAAC) Wednesday shared N547.309 billion among the three tiers of government as allocation for May 2020.
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has again accused President Muhammadu Buhari of clamping down on the judiciary.

Atiku Abubakar raises alarm over Nigeria’s rising debt profile

A former Vice President of Nigeria, Atiku Abubakar, has said that Nigeria is in a crisis state following its rising debt profile which he described as alarming.
Contractors under the aegis of Concerned Unpaid 2018 Contractors have staged a protest at the Ministry of Agriculture and Rural Development over unpaid liabilities by the ministry valued at N17 billion.

Contractors shut down ministry over N17 billion debt

Contractors under the aegis of Concerned Unpaid 2018 Contractors have staged a protest at the Ministry of Agriculture and Rural Development over unpaid liabilities by the ministry valued at N17 billion.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Saturday met with the leadership of the National Assembly to intimate it with an Executive proposal to establish a N500 billion COVID-19 Crisis Intervention Fund.

Excess crude account hits $72.04 million as finance minister briefs economic council

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has presented to the National Economic Council (NEC) the state of Nigeria’s three Special Accounts just as the Excess Crude Account balance as of May 21, 2020 stands at US$72.04 million.
President Muhammadu Buhari

President Buhari makes new appointments

Pursuant to the Nigeria Police Trust Fund Establishment Act 2019, President Muhammadu Buhari has approved the appointment of retired Inspector-General of Police, Barrister Suleiman Abba, CFR, Mni, as Chairman, Board of Trustees of the Nigeria Police Trust Fund.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Saturday met with the leadership of the National Assembly to intimate it with an Executive proposal to establish a N500 billion COVID-19 Crisis Intervention Fund.

Nigerian government gives guidelines for spending coronavirus funds

Disbursements of the COVID-19 funds domiciled with the Central Bank of Nigeria (CBN) and commercial banks will be after appropriation by the National Assembly.

Nigerian government ministry deletes tweet begging South African billionaire for ventilators

The Federal Ministry of Finance, Budget and National Planning has deleted its tweet requesting for ventilators from South African billionaire, Elon Musk.
The Buhari Media Organisation (BMO) says President Muhammadu Buhari’s administration will not implement policies that will affect the existence of the poor while raising revenue to fund the nation’s infrastructure projects.

Coronavirus: Nigeria condoles with Iran, South Korea, Italy

President Muhammadu Buhari has sent messages to Presidents Hassan Rouhani and Moon Jae-in of Iran and South Korea, respectively, and the Prime Minister of Italy, Guiseppo Conte, expressing “deep sympathies” following increasing incidents of the deadly Coronavirus in their countries.

Federal, states, local governments share N647.35 billion for January

The Federal Government, States and Local Government Councils have shared a total of N647.353 billion from the Federation Account Revenue for January 2020.
Senator Ahmed Ibrahim Lawan

Senate confirms central bank, hajj commission nominees

The Senate on Thursday confirmed nominees appointed by President Muhammadu Buhari to serve on the board of the National Hajj Commission of Nigeria (NAHCON).
Nana Addo Dankwa Akufo-Addo is a Ghanaian politician currently the President of Ghana, in office since January 2017.

Ghana lauds French ECOWAS members’ decision to dump CFA for ECO

The Ghanaian government has hailed the resolve by eight member nations of the Economic Community of West African States (ECOWAS) to cut their colonial links with France’s CFA (Communaute Financiere d’Afrique) Franc and adopt ECO as their common currency.

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8. President Muhammadu Buhari presides over the weekly virtual Federal Executive Council (FEC) Meeting, at the Council Chambers, State House, Abuja.

President Buhari: Weapons, aircraft from US, China, Jordan coming

Nigeria is expecting to take delivery of military weapons and aircraft from Jordan, China and the United States to reinvigorate its anti-terror war, President Muhammadu Buhari said yesterday. The meeting also agreed that poverty and youth unemployment are at the root of the nationwide security challenges, and needed to be addressed with greater vigour by all tiers of government.
Minister for Foreign Affairs, Geoffrey Onyeama has said that the Nigerian Government would use the Forum of the UN General Assembly (UNGA) to seek global support fighting terrorism and increasing Foreign Direct Investments (FDI).

Nigeria’s foreign minister recovers from coronavirus

Geoffrey Onyeama, the Minister of Foreign Affairs, on Wednesday announced that he has recovered from COVID-19.
Obadiah Mailafia

DSS invites Obadiah Mailafia over comment on Boko Haram-serving governor’s link

The Department of State Services (DSS), has invited a former Deputy Governor of the Central Bank of Nigeria and stakeholder in Southern Kaduna, Dr. Obadiah Mailafia, to its Jos office over the comment he made recently about a Northern governor being the commander of Boko Haram.

Unease in Ebonyi market as traders uncover hidden explosive device

There was palpable fear and apprehension at the popular Ophoke-Abba market, Kpiri-Kpiri in Abakaliki, Ebonyi State capital, following the discovery of a substance suspected to be an Improvised Explosive Device (IED).
The suspended National Chairman of the All Progressives Congress (APC), Adams Oshiomhole, says he has accepted the Appeal court’s verdict which upheld his suspension.

Court restrains Edo government from publishing defamatory materials against Idahosa Okunbo, Adams Oshiomhole

An FCT High Court on Tuesday restrained the Edo government from publishing any defamatory materials against businessman, Capt. Idahosa Okunbo, and former National Chairman, All Progressive Congress (APC), Adams Oshiomhole.