Zainab Ahmed
How ICPC is combating corruption in MDAs, stopped diversion of N189 billion personnel cost
File Photo In the past few years, the Independent Corrupt Practices and Other-Related Offences Commission, as part of its statutory mandate, has been conducting systems study and review of ministries and organisations in the federal public service. The overall objective of a system review is reform of the systems and procedures of public agencies with a view to identifying and eliminating, preventing, blocking and obstructing opportunities for corruption. To achieve this, the exercise targets detecting areas of vulnerabilities, actual weaknesses, leakages and corruption risks and to recommend ways of strengthening these systems and removing the discretionary gaps and such opportunities for both individual and institutional malfeasance on public resources. In addition, the review also targe...
NESG: Nigerian economy to beat IMF growth forecast in 2021
The Nigerian Economic Summit Group has predicted a growth rate of 2.9 per cent for the Nigerian economy in 2021, higher than the 1.5 per cent growth rate suggested by the International Monetary Fund. The NESG identified eight key policies and events that will help shape the outlook of Nigerian economy in 2021. This is contained in the group’s 2021 Macroeconomic Outlook Report titled, “Four Priorities for the Nigerian Economy in 2021 and Beyond,” launched virtually on Tuesday. According to the report, for Nigeria’s economy to get back on track, the economy needs a high, robust and sustained economic growth that will deliver a significant reduction in unemployment and poverty. The report said the government’s most important agenda in 2021 must be to address these problems as a foundation for...
Nigerian government posts 35 firefighters to man new Treasury House substation
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Wednesday commissioned a fire substation built for the Treasury House which houses the Office of the Accountant-General of the Federation. Speaking at the event, the Minister extolled the Accountant-General of the Federation, Mr Idris Ahmed, for building the facility which will help battle fire incidents in the building and its environs. She was also pleased that 35 firemen have been posted to man the facility by the Comptroller-General of the Fire Service. According to her, “the Treasury House is the key driver of the ongoing Public Financial Management Reforms in line with the desire of the Federal Government to bring the nation up to speed with other leading world economies. “In carrying out this enormous task, ...
Naira weakens to lowest in three years
The Naira yesterday weakened to the lowest in over three years in the parallel market due to increased demand for dollars amid foreign-currency shortages. The local currency depreciated to N495 to a dollar yesterday, lowest since February 23, 2017, widening the gap with the official rate of N379.5 to over 30 per cent. The currency traded in the interbank market at 389.74 as of 4:54p.m. in Lagos. Agency reports quoted traders as alleging a groundswell of diversion of dollars, a development which heightened scarcity of the green back in the parallel market this week. There is a diversion of inflows away from official channels to the parallel market due to the gap in rates, Murega Mungai, trading desk manager for Aza Finance said in a note Thursday. The market spread has created arbitrage opp...
Nigerian government seeks new Eurobond
The federal government yesterday disclosed that it would approach the Eurobond market next year in its effort to shore up the economy, amidst cocktails of measures being put in place to douse the effects of the Covid-19 pandemic on the economy. On the same day, Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, while speaking at the 55th Annual Bankers Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, predicted a two per cent growth in the country’s Gross Domestic Product (GDP) in 2021. Finance Minister, Zainab Ahmed, who disclosed the Eurobond plan while speaking on Bloomberg TV, explained that the decision would depend on the prevailing interest rates. She, however, did not specify the amount to be accessed from the Eurobond. The Eurobond option is ...
Nigerian government assures on completion of Abuja-Zaria-Kano dual carriageway
Minister of Works and Housing, Mr Babatunde Fashola SAN has reiterated the commitment of the Federal Government to completing the on going reconstruction of the Abuja-Kaduna-Zaria-Kano dual carriageway. The post Nigerian government assures on completion of Abuja-Zaria-Kano dual carriageway appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Nigeria debts will hit N38.68 trillion in 2021 – minister
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the total public debts of Nigeria would hit N38trn by December 2021. The Minister stated this on Tuesday, in her presentation to the Senate Committee on Local and Foreign Debts. The Minister said, ”The total public debt stock comprising the External and Homes debts of the Federal and state governments and the Federal Capital Territory stood at N31.01trn (USD85.90 billion) as at June 30, 2020. “It is projected, based on existing approval, to rise to N32.51 trillion by December 31, 2020 and N38.68 trillion by December 31,2021.” She attributed reasons for numerous abandoned road projects across the country to poor funds releases occasioned by dwindling revenue. She explained that the current Sukuk fund is N162bn for...
#EndSARS: Nigerian government sets up N25 billion youth fund – minister
The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Saturday, said the federal government has created a N25bn youth fund as part of efforts to address the dissatisfaction of #EndSARS protesters and other youth-related restiveness in the country. The minister made this known at a stakeholders’ meeting with the Deputy Governor of Kaduna State, Dr Hadiza Balarabe, in Kaduna on Saturday. According to Ahmed, the meeting was in line with the directive of President Muhammadu Buhari to ministers and governors to dialogue with stakeholders and the youths with a view to addressing their agitations. The minister, who explained that the youth fund would be increased to N75bn within a period of three years, explained that the fund aims to support youths to actualise their entreprene...
Minister, others shun senate over 2020 budget performance
Minister of Finance, Budget and National Planning, Zainab Ahmed, Thursday shunned the Senate when summoned to brief lawmakers of 2020 Budget Performance. The Minister’s refusal to appear before the Senator Barau Jibrin, All Progressives Congress, APC, Kano North led Senate Committee on Appropriations was the second time in two weeks. Also invited but shunned the meeting with the Senate were the Accountant-General of the Federation, Idris Ahmed, and the Director-General of the Budget Office, Ben Akabueze. Briefing Journalists in Abuja Thursday, the Chairman of the Senate Committee on Appropriations, Senator Jibrin expressed disappointment at the absence of Nigeria’s key economic and budget planners at the crucial meeting. The Senator who noted that the meeting was originally scheduled to ho...
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...
Court strikes out suit against sovereign wealth authority, chief
The Federal High Court in Abuja on Monday struck out a suit praying for an order suspending the Managing Director/Chief Executive Officer of the Nigerian Sovereign Investment Authority, Uche Orji, and an order for a forensic audit of the organisation’s accounts from inception. The post Court strikes out suit against sovereign wealth authority, chief appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
House of Reps summons finance minister, predecessor over N1.7 trillion
The former Minister of Finance, Kemi Adeosun, and the incumbent Minister of Finance, Budget and National Planning, Zainab Ahmed, are expected to appear in person before the House of Representatives Committee on Public Accounts to give accounts on the sum of 1.7 trillion naira appropriated for the implementation of National Social Investment Programmes from 2016 to 2019. The post House of Reps summons finance minister, predecessor over N1.7 trillion appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet r...
