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Udoma Udo Udoma

The Vice President, Yemi Osinbajo on Wednesday officially launched the Federal Government’s Trader Moni in Bodija and Oje markets in Oyo state’s capital, Ibadan 18

VP Osinbajo: Extreme poverty in Nigeria gives me sleepless nights

Vice President Yemi Osinbajo says the problem of extreme poverty in Nigeria keeps him up at night.
Nigeria's Budget Minister Udoma Udo Udoma speaks during the public presentation and breakdown of 2018 Appropriation Act in Abuja, Nigeria.

2019 budget: Federal government unsure of how to bridge funding gap

The federal government says it is caught between a rock and hard place on how to raise additional N102.84 billion to bridge the funding gap created in the 2019 budget as a result of the increase of N90.3 billion by the National Assembly.
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 N8.92 trillion 2019 budget into law with reservations

President Muhammadu Buhari, who on Monday signed the 2019 appropriation bill of N8.92 trillion into law, said adjustment of the budget by the National Assembly may affect its smooth implementation.
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.
President Muhammadu Buhari has joined all members of the All Progressives Congress (APC) in felicitating with the party’s National Chairman, Comrade Adams Oshiomhole on his 67th birthday.

President Buhari may retain Udo Udoma, Tunde Fashola, Lai Mohammed

Current ministers who excelled during President Muhammadu Buhari’s first term will be considered for automatic appointment into his cabinet during his second term in order to ensure continuity, according to a report.
Nigeria's Budget Minister Udoma Udo Udoma speaks during the public presentation and breakdown of 2018 Appropriation Act in Abuja, Nigeria.

Federal government approves N977.7 million N-Creative, N-Tech trainings for 3,500 beneficiaries

The Federal Executive Council (FEC) on Thursday approved the total of sum of N977.7 million for the N-Creative and N-Tech trainings to empower 3,500 beneficiaries in Northern and Southern Nigeria respectively.
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.
Zainab Ahmed

Minister: Nigeria to introduce new taxes to increase revenue

The federal government has concluded plans to increase revenue by introducing new taxes, Minister of Finance, Zainab Ahmed, told lawmakers on Wednesday.

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.

FIRS refutes report of 50% VAT increase

The Federal Inland Revenue Service (FIRS) on Wednesday refuted report of planned increment of Value Added Tax (VAT) by 50 per cent to meet up payment of the newly proposed minimum wage.

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.

Ex-ANAN chief urges federal government to get more people into VAT net

Dr Samuel Nzekwe, former President, Association of National Accountants of Nigeria, has advised the Federal Government to intensify efforts in getting more people to pay Value Added Taxes.
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.

Joe Ajaero: Labour won’t accept increased VAT

The President of the United Labour Congress (ULC), Joe Ajaero, says organised labour would not accept government’s plan to increase the Value Added Tax (VAT) to pay the N30,000 new minimum wage.
Nigeria's Budget Minister Udoma Udo Udoma speaks during the public presentation and breakdown of 2018 Appropriation Act in Abuja, Nigeria.

Senator Udoma: Federal government fiscal strategy targets growth-enhancing sectors

Budget and National Planning Minister, Senator Udoma Udo Udoma, on Thursday told the Senate Committee on Finance that some slight adjustments had been effected on the 2019 Medium Term Fiscal Framework and Fiscal Strategy Paper (MTEF/FSP) between when it was approved by the Federal Executive Council and the finalization of the 2019 Budget Proposals.

Federal government considering increase of VAT to fund national minimum wage

The federal government has made known its intention to upwardly review the Value Added Tax (VAT) as a means of funding the national minimum wage.

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The son of the immediate past Minister of Health, Isaac Adewole, has reportedly been abducted in Oyo State.
More than six top Nigeria Professional Football League (NPFL) clubs are ready to battle themselves and MFM FC of Lagos management for the services of Coach Fidelis Ilechukwu, SportingLife.ng reports.

Six top NPFL clubs chase MFM coach Fidelis Ilechukwu

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The Central Student Disciplinary Committee, CSDC, of the University of Ibadan, UI, has meted various punishments to 22 erring students of different departments.

University of Ibadan expels 5, rusticates 16, discharges 1

The Central Student Disciplinary Committee, CSDC, of the University of Ibadan, UI, has meted various punishments to 22 erring students of different departments.
Agboola Ajayi

Ondo deputy governor denies lobbying for NDDC’s MD job

Ondo State Deputy Governor Agboola Ajayi has debunked the rumours that he was scheming for the top position at the Niger Delta Development Commission (NDDC).
Nigeria forward Alex Iwobi has admitted that Arsenal were fortunate to score against Huddersfield despite their watertight defence.

Alex Iwobi: Eagles won’t rely on star players against Burundi

Alex Iwobi has revealed that working together as a team can prove to be the greatest asset for the Super Eagles going to the 2019 Africa Cup of Nations which begins on Friday in Egypt.