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Zainab Ahmed

Sale Of Govt Assets Will Benefit Nigerians, Boost Economy – Finance Minister

Written by on 22 January 2021

The Minister of Finance, Zainab Ahmed, on Friday, said the Federal Government’s planned sale of public assets will benefit Nigerians and help to boost the economy. In an appearance on Channels Television’s Sunrise Daily, Mrs Ahmed, who is also the Minister of Budget and National Planning, said some government assets are currently moribund and provide […]

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Buhari: We borrow to finance budget because of dwindling revenues

Written by on 21 January 2021

President Muhammadu Buhari has explained that his administration has been borrowing money to finance the economy and development as a result of dwindling revenues. Speaking, virtually, on Thursday at the First National Tax Dialogue held at the Conference Hall of the State House in Abuja, President Buhari, however, tasked the Federal Inland Revenue Services (FIRS) […]

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Nigeria’s debts may hit N60tr

Written by on 21 January 2021

Nigeria’s debts may rise above N60 trillion by the end of the first quarter following a move by the Federal Government to convert its N11.91 trillion indebtedness to the Central Bank of Nigeria (CBN) to formal securitized loans. Last year, the Federal Government obtained N2.86 billion through the “ways and means” of the CBN to […]

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Govt forecloses petrol, electricity subsidies

Written by on 13 January 2021

The Federal Government is not subsiding Premium Motor Spirit, popularly called petrol, and has no plan to do so, Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Tuesday. She also stated that the government did not make any provision for electricity subsidy in 2021 and would not subsidize power. Responding to a […]

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President Buhari To Present Proposed 2021 Budget Of N13tn Today

Written by on 8 October 2020

President Muhammadu Buhari will be presenting the 2021 Budget to the National Assembly today. The exercise is billed to hold at 11:00 am and is only expected to last for about an hour. Senate President Ahmed Lawan announced this on Wednesday while giving conditions to guide the budget presentation. He said because of the COVID-19, […]

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Second recession in four years looms, says FG

Written by on 14 August 2020

The Federal Government has said the likelihood of Nigeria sliding into another recession in the Third Quarter of 2020, making it the second time within four years. The government said the COVID-19 pandemic resulting in crash of global oil prices among other economic factors had adversely affected the nation’s economy, with the Gross Domestic Product […]

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House of Reps summon Amaechi, Ahmed, DMO DG, others over Chinese loans

Written by on 6 August 2020

The House of Representatives has summoned the Minister of Finance, Budget and National Planning, Zainab Ahmed and the Minister of Communications and Digital Economy, Isa Pantami. Lawmaker also summoned the Minister of Power, Saleh Mamman; and the Director-General of the Debt Management Office (DMO), Patience Oniha, over external borrowings made by Nigeria, especially from China. […]

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Lockdown, physical distancing almost shut down economy – FG

Written by on 20 July 2020

The lockdown and physical distancing measures that were implemented to control the spread of COVID-19 in Nigeria almost led to a complete shutdown of economic activities across the country, the Federal Government said on Sunday. In her opening address in Abuja at the capacity building for Special Advisers and Technical Assistants of ministers, the Minister […]

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