Tag: Zainab Ahmed

CBN Doesn’t Need to Consult Anyone to Redesign Naira, Emefiele Replies Minister

Aliyu Aliyu

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Friday night defended the decision of the Bank to redesign some Naira notes, insisting that he doesn’t need to consult with the Minister of Finance to do so. This signals an escalation in the war of words between the CBN and the Finance Ministry over the decision of the apex bank to redesign some Naira notes. READ ALSO BREAKING: Finance Minister Rejects CBN’s Plan to Redesign Naira Nigeria Plots To End Citizens’ Migration Overseas BREAKING: CBN to Change N200,…

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Yes, We Purchased N1.14bn Vehicles For Niger Republic – Buhari’s Govt

Abibat Babalola

Buhari, who approved the purchase, has the right to do what he did – Finance minister says as Nigerians lampoon government over “wasteful spending, misplacement of priority”   Nigerians have taken to social media to express their outrage, after President Muhammadu Buhari’s government confirmed that it donated N1.14billion to the Republic of Niger. Minister of Finance, Budget, and National Planning, Zainab Ahmed, confirmed this to reporters shortly after Wednesday’s Federal Executive Council (FEC) meeting. According to Ahmed, it is to aid Niger in the acquisition of some operational vehicles. READ…

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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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Nigeria’ll Pay N3trn To NNPC As Fuel Subsidy In 2022

ADESUPO OSOSANYA

N443 billion allocated for fuel subsidy presently in the 2022 budget cannot last beyond June – Minister   The Federal Executive Council (FEC) has approved N3 trillion for the Nigerian National Petroleum Company, NNPC, Limited to offset payment of fuel subsidy in 2022. Platforms Africa reports that the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, who made the disclosure maintained that the FEC considered the request to make additional funding provision to enable the government to meet incremental fuel subsidy payment in the 2022 budget. She recalled…

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Carbonated Drinks Price Hike Imminent as Minister Announces Jan. 2022 Tax Takeoff

ADEOLA YUSUF

The Nigerian Minister of Finance Budget and National Planning, Zainab Ahmed, has insisted that government would not rescind its position on imposing exercise duties on carbonated drinks. Platforms Africa reports that this means an imminent surge in the prices of these products including some global soft drinks bottled carbonated in Nigeria for preservation. Ahmed insisted that they would be taxed as a part of the additions in the 2021 Finance Act which will take effect from January 2022. The Minister said this at the ‘Public Presentation and Breakdown of the…

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