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Nigeria Lagging Behind in $2trn Islamic Finance Market – Minister

Godsgift Onyedinefu Zainab Ahmed, Minister of Finance,  Budget and National Planning says the penetration of Islamic financing in Nigeria is low and remains insignificant in the over $2 trillion global market, despite potentials to drive a more competitive economy.  To this end, the Minister said,  Nigeria  needs significant financial sector reforms that

FG begins new vehicle registry system to tackle insecurity

Godsgift Onyedinefu  Minister of finance, budget and national planning, Zainab Ahmed, on Thursday said the pilot phase of the new National Vehicle Registry (VERG) automated gateway portal has begun in Lagos state, aimed at increasing national revenue, curb smuggling and other criminal activities. The minister explained that VERG is the centralized database

Recovered Loot: SERAP Asks FG to Account for N800bn, Investigate Alleged Payments of N51bn into Individual Accounts

•Demands publishing if a comprehensive list of names of people from whom N800 billion in looted funds have been recovered John Anyim   The Socio-Economic Rights and Accountability Project, (SERAP) has sent a Freedom of Information Act (FoI) request to President Muhammadu Buhari asking him “to direct Mr Abubakar Malami, SAN, Attorney

N4.5tr Budget Deficit May Trigger Fresh Recession, Minister Warns

John Anyim With the deficit financing of the revised N10.509 trillion 2020 budget rising from N1.847 trillion to N4.563 trillion, the economy might be heading for another recession, the Minister of Finance, Budget and National Planning, Zainab Ahmed, has warned. She expressed the fear yesterday in Abuja during a session with

2019 Budget:  Buhari’s govt principled after ‘Idi Amin Economy’ of 70’s–CUPP

•Says budget huge in volume, empty in substance  •Commends lawmakers for booing President's 'lies' Jude Johnson  The opposition coalition, CUPP has styled President Muhammadu Buhari's 2019 budget to that of the late Ugandan dictator, Idi Amin's 1970s projection, which it said is "huge in volume but empty in substance".     CUPP stated that  after thorough analysis

States will soon access $750m world bank loan — FG assures

The Federal Government has said that 36 state governments and the Federal Capital Territory will soon access the World Bank’s $750m loan and grant facility. This was made known by the Minister of Finance, Zainab Ahmed, while addressing the 7th Community of Practice made up of State Commissioners of Planning and

Embattled Adeosun departs Nigeria to UK

Godsgift Onyedinefu Nigeria's former Minister of Finance, Mrs. Kemi Adeosun, has on Saturday left Nigeria to United Kingdom (UK). Her associates who confirmed the story said: "She (Kemi Adeosun) most likely is in the UK by now". Adeosun resigned on Friday following alleded forged National Youths Service Corps (NYSC) Certificate scandal. In her letter

Why I resigned as Nigeria’s Minister of Finance (full text)-Adeosun

•Buhari accepts  resignation, replaces her with Zainab Ahmed Senator Iroegbu    The Nigeria's  former Minister of Finance, Mrs. Kemi Adeosun, has given reasons for resignation from her position . President Muhammadu Buhari had also accepted her resignation from his cabinet and approved the Minister of State Budget and National Planning, Mrs. Zainab Ahmed, as her successor. The embattled former

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