Ahmed Idris
House invites CBN governor on recovered loots
The House of Representatives ad hoc committee investigating the assessment and status of recovered loots has invited the governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, to appear before it. The Chairman of the committee, Rep. Adeogun Adejoro, who extended the invitation on Thursday in Abuja said that it was necessary for the committee to know the number of recovered loots and where they were being kept. The Minister of Finance, Hajia Zainab Ahmed had told the committee that she had no idea of the number of accounts being used to keep the recovered loot. She, however, said that the ministry had a record of what had been recovered and the amount that had come into the account. She stated that N50 billion was provided from recovered loot to fund the 2020 budget, adding that the...
House of Reps deputy speaker charges youths on peace
Deputy Speaker of the House of Representatives, Ahmed Idris Wase has appealed to the Nigerian youths to give Peace a chance and not to take laws into their hands on matters that government has promised to address head long. Deputy Speaker of House of Representatives in a statement issued through his Chief Press Secretary, Umar Mohammed Puma, and made available to newsmen in Jos urged the youths in Plateau and other states of the federation to give peace a chance, saying the federal and state governments, as well as the National Assembly, were already doing everything humanly possible within their Powers to ensure that the demands of the #EndSars protesters are met. “The federal, state government and the National Assembly are doing all that needs to be done to ensure justice for the victims...
Nigerian government putting in place strategies to maximise non-oil revenue – minister
In a bid to cushion the effect of continued dwindling oil revenue, the Federal government says it is putting in place an Integrated Revenue Monitoring System in place to help the monitoring of the revenues of the Federal Government Owned Entities (FGOEs) online real-time to improve transparency and accountability. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, said this at the orientation program for Directors of Revenue Tuesday in Abuja. She said the federal government is putting robust policies in place to maximize its non-oil revenue as it is increasingly concerned with the dwindling profile of Revenue, a trend she said has to be quickly arrested particularly with Key revenue generating agencies of the Government. The minister noted that with revenue dwindling...
Senate invites finance, works ministers, others over road projects
The Senate committee on finance has invited the Minister of Finance, Zainab Ahmed, over the funding status of three federal government legacy road projects estimated to cost N2.7 trillion. Also to appear before the panel are the Minister of Works and Housing, Babatunde Fashola, Accountant General of the Federation, Ahmed Idris, and the Managing Director of the Nigeria Sovereign Investment Authority (NSIA), Uche Orji. The chairman of the panel, Solomon Olamilekan, gave the directive during an interactive session with the NSIA boss on Tuesday. The legacy projects are the Abuja-Kano road, Lagos-Ibadan expressway and the Second Niger Bridge. They are funded and implemented through a tripartite agreement between the ministries of finance, works and the NSIA. Orji, who was invited for the same r...
Federal, states, local governments share N651 billion revenue
The Federation Account Allocation Committee (FAAC) at the weekend shared a total of N651.184 billion as June 2020 allocation among the federal, states, local governments, and relevant agencies in the country. This is N103.877 million higher than the N547.309 billion shared for the month of May. A communiqué released by the FAAC after its monthly meeting at the weekend for the month of Julne 2020 which was held via virtual conferencing, put gross statutory revenue available at N524.526 billion. According to the communique, the meeting chaired by the Accountant General of the Federation, Ahmed Idris, put gross revenue from the Value Added Tax (VAT) at N128.826 billion while revenue from the Exchange Gain was N42.832 billion. This brought the total revenue for the month to N696.184 billion. F...
