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Udoma Udo

Vice President Osinbajo joined cabinet Ministers and other officials at the signing of the 2019 budget by President Muhammadu Buhari, at the Presidential villa

President Buhari signs Appropriation bill of N8.92 2019 budget into law

President Muhammadu Buhari on Monday in Abuja signed the 2019 Appropriation bill of N8.92 trillion into law.
Zainab Ahmed

Finance minister: No plan to remove fuel subsidy now

Nigeria’s Finance Minister Zainab Ahmed has reiterated government’s resolve not to remove fuel subsidy. She made the emphasis against the backdrop of long queues emerging at some filling stations amid the fear that a removal was imminent.
President Buhari receiving Report of the Technical Advisory Committee on the Implementation of the National Minimum Wage in State House on 25th Mar 2019 2

President Buhari directs finance ministry to sell all recovered assets

President Muhammadu Buhari has directed the Ministry of Finance to sell all recovered and liability-free assets in six months.

Experts: VAT increment will further worsen Nigerians’ situations

A notice by Minister of Budget and National Planning, Senator Udoma Udo Udoma and Executive Chairman of Federal Inland Revenue Service (FIRS) Mr. Babatunde Fowler of government’s intention to raise the rate of value added tax (VAT) before the end of 2019 is presently causing ripples among various categories of Nigerians.
Nigeria's Budget Minister Udoma Udo Udoma speaks during the public presentation and breakdown of 2018 Appropriation Act in Abuja, Nigeria.

Federal government to sell stakes in JVs to improve finances – minister

Udoma Udo Udoma, the minister of budget and national planning, says the federal government will sell some of its stakes in joint ventures with Shell and Chevron to improve its finances.

Labour: Federal government must discuss VAT hike with stakeholders

President of United Labour Congress (ULC), Mr. Joe Ajaero, has said any increase in Value Added Tax (VAT) to pay the N30,000 new minimum wage would not be accepted except it is discussed with stakeholders in the Labour market.
Udoma Udo Udoma, minister of budget and national planning

Federal government to adjust 2019 budget to accommodate new minimum wage

The Federal Government would send request to the National Assembly for adjustments to the 2019 budget to reflect ways of sourcing funds to pay the new national minimum wage which was approved by the Senate.
Nigeria's Budget Minister Udoma Udo Udoma speaks during the public presentation and breakdown of 2018 Appropriation Act in Abuja, Nigeria.

Minister: Nigeria’s economy will increase its growth trajectory in 2019

The Minister of Budget and National Planning, Senator Udoma Udo Udoma is optimistic that the Nigerian economy will continue to maintain its recovery in 2019 as the real GDP growth is expected to increase from 0.8% in 2017 to 2.1% in 2018 and 3.01% in 2019, with the sustained implementation of the ERGP.

Immunisation: Federal government, Bill Gates Foundation sign $75 million financing agreement

The federal government on Tuesday gave further impetus to childhood immunisation with the signing of a $75 million financing agreement between it and the Bill & Melinda Gates Foundation.
Nigeria's Budget Minister Udoma Udo Udoma speaks during the public presentation and breakdown of 2018 Appropriation Act in Abuja, Nigeria.

Federal government fighting poverty step-by-step – minister

The Federal Government has said it is fighting poverty step-by-step and ameliorating the plight of the poor and vulnerable people across the country.
Nigeria's Budget Minister Udoma Udo Udoma speaks during the public presentation and breakdown of 2018 Appropriation Act in Abuja, Nigeria.

Minister: We are taking steps to grow the economy

The Minister of Budget and Planning, Senator Udo Udoma, has assured that the federal government is putting in place measures necessary to ensure that the economy grows rapidly, while maintaining fiscal sustainability.
Nigeria's Budget Minister Udoma Udo Udoma speaks during the public presentation and breakdown of 2018 Appropriation Act in Abuja, Nigeria.

Federal government allays budget fears over oil price drop

Minister of Budget and National Planning, Senator Udoma Udo Udoma, has allayed the fears of Nigerians over the softening of the international oil prices, saying that the government willclosely monitor the events with a view to achieving targeted oil production.
Udoma Udo Udoma, minister of budget and national planning

Federal government signs $21 million deal with Japan for rehabilitation of Lagos transmission substation

The federal government has signed a grant aid project with Japan for emergency rehabilitation and reinforcement of the Lagos electricity transmission substation.
Udoma Udo Udoma, minister of budget and national planning

Resource control: How we fought Olusegun Obasanjo to submission – Udoma Udoma

Minister of Budget and National Planning, Senator Udoma Udo Udoma, has opened up, for the first time, on the fierce battle the then agitators of resource control for the Niger Delta, fought with the then president Olusegun Obasanjo.

Muhammadu Buhari asks National Assembly to approve 2019-2021 MTEF

President Muhammadu Buhari has forwarded the 2019 to 2021 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) to the National Assembly for approval.
Udoma Udo Udoma, minister of budget and national planning

Federal government seeks increased indigenous participation in maritime sector

The federal government has expressed its determination to promote and increase indigenous participation in the shipping business in Nigeria.
Acting Finance Minister of Finance Zainab Ahmed

Ministers: Federal government can’t fund budget 2018 unless assets are sold

Huge cost of servicing new loans amid poor revenue informed the Federal Government’s decision to dispose of 10 state-owned assets to select investors and the public between now and year end, in order to fund the 2018 fiscal plan.

Expert: 2019 budget size will reduce inflation threat

A financial expert, Prof. Uche Uwaleke, on Thursday said that the Federal Government’s decision to reduce the size of the 2019 budget to N8.73 trillion would reduce inflation threat.

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Ansu Fati has ‘something special’ – Barca coach

Barcelona coach Ernesto Valverde described Ansu Fati as "something special" after the teenager starred in a 5-2 win over Valencia on Saturday.
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South Africa’s Cyril Ramaphosa sends envoys to African countries over xenophobic attacks

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Iran denies US claim it was behind oil attack in Saudi Arabia

Iran on Sunday denied accusations by U.S. Secretary of State, Mike Pompeo, that it was responsible for a drone attack on major oil facilities in Saudi Arabia.
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BMO wants President Buhari sack critic Seun Onigbinde

The Buhari Media Organisation (BMO) has rejected the appointment of Seun Onigbinde, an arch critic of President Muhammadu Buhari, as Technical Adviser to the Minister of Budget and National Planning.
All Progressives Congress (APC) Nigeria

Benue APC accuses tribunal justices of frustrating appeals

The All Progressives Congress (APC) in Benue state has raised the alarm that the National/State Assemblies election petitions tribunal is frustrating her members in respect of whose petitions judgment have been delivered by the honourable tribunal from proceeding on appeal against the judgements.