Tag: Minister of Finance

After Platforms Africa’s Report Buhari Sets up 14 Man Committee on Fuel Crisis

ADEOLA YUSUF

Platforms Africa had exposed the fuel crisis and “conspiracy of silence” in a report on Wednesday, January 18, 2023   President Muhammadu Buhari has constituted a 14-man Steering Committee on Petroleum Products Supply and Distribution management to find a lasting solution to disruptions in the supply and distribution of petroleum products. This came seven days after the Platforms Africa exclusive report detailing hike in prices of the product and “conspiracy of silence” over the crisis. READ ALSO: Petrol Hits N400 Per Litre In Lagos, Nigerians Query ‘Media Silence’ BREAKING: Gov…

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Nigeria’s Not Broke — Finance Minister

Abibat Babalola

Despite the rising cost of Iiving which has pushed the majority of Nigerians into multidimensional poverty the Federal government has insisted that Nigeria is not broke.     READ ALSO: His Excellency Can Dance But Now He Has To Work, By Dare Babarinsa Angry Youths Set Ablaze Iree Oba Palace In Osun Stephanie Frappart Becomes First Female Referee At Men’s World Cup The Minister of Finance, Budget, and National Planning, Dr. Zainab Ahmed made the declaration at a news conference in Abuja to unveil the administration’s scorecard in the sector…

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Nigeria Spends N1.3trn To Help GenCos, DisCos In 14 Yrs – Minister

ADEOLA YUSUF

How Nigeria paid $137 million in two years for gas and electricity that were never used in the “take or pay deal”   The Nigerian minister of finance, budget and planning, Zainab Ahmed, has said that the country has spent N1.3 trillion as intervention fund in the power sector between 2007 and 2021 without significant result. The money was approved in 2017 to tackle the monthly liquidity challenges faced by GenCos, as the distribution companies (DisCos) keep defaulting in paying for the monthly invoice of electricity received. READ ALSO: I…

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