ICYMI: Full text of Kemi Adeosun’s letter of resignation as Minister of Finance

ICYMI: Full text of Kemi Adeosun’s letter of resignation as Minister of Finance

On Friday, 14th September 2018, the Minister of Finance, Kemi Adeosun resigned from her position over a scandal bothering on allegations of forgery of her Certificate of Exemption from the National Youth Service Corps (NYSC), as revealed by an investigative report by online medium, Premium Times, published on July 7, 2018. Following huge pressure from the media, civil society groups,... Read More

DSS, kemi Adeosun, Ministry of Finance, nysc, Ogun State House of Assembly, Zainab Ahmed

June 7, 2018

The Late 5: Senate calls for release of June 12 results, Court okays IGP suit against Senate and other stories

These are the stories that drove the conversation today: The Senate has asked the Independent National Electoral Commission (INEC) to announce the results of the June 12, 1993, presidential election . During its plenary on Thursday, the Senate lauded the President’s decision to honour Abiola for his contribution to Nigeria’s democracy and listed some demands... Read More

Head of Civil Service of the Federation, Ibrahim Idris, INEC, M.K.O Abiola, Mansur Dan-Ali, Ministry of Finance, Muhammadu Buhari

October 10, 2017

FG begins data collection from banks for tax purposes

The Ministry of Finance says the Voluntary Assets and Income Declaration Scheme (VAIDS) has started the collection of data on the income and assets of high net-worth individuals and companies in the country. Highlights (Report by TheCable): In a statement issued on Tuesday, it further said this is the first step in collecting intelligence that... Read More

Ministry of Finance, Voluntary Assets and Income Declaration Scheme (VAIDS)

October 7, 2017

FG has received over 400,000 messages from whistleblowers – Lai Mohammed

The Minister for Information and Culture, Lai Mohammed Friday, said the Federal Government has received no fewer than 400,000 telephone messages from whistleblowers on looted funds. He said Federal Government’s optimism rests on Nigerians’ massive embrace of the policy. A web portal, http://whistle.finance.gov.ng, has been launched by the Whistleblower Unit (WBU), a multi-agency team, resident... Read More

lai mohammed, Ministry of Finance, Whistleblowing

August 13, 2017

‘183 federal ministries, agencies carry out illegal recruitment’

According to reports, almost all federal ministries, departments and agencies have been carrying out ‘secret’ mass recruitments. A review carried out by the Ministry of Finance shows that 183 out of 185 MDAs had recruited 13,780 staff in recent years, Punch reports. Out of this number, 6,917 were recruited without any formal approval; 2,314 were... Read More

Federal Agencies, Federal ministry, illegal recruitment, Ministry of Finance, secretary to the government

July 13, 2017

“Nigeria will continue to borrow, nothing has changed” – FG

Contrary to what the Finance Minister, Kemi Adeosun had said earlier, the Federal Government has said that it would continue to borrow. She was quoted as saying at the Presidential Business Forum on Tuesday, “We cannot borrow any more. We just have to generate funds domestically enough to fund our budget; mobilise revenue to fund the... Read More

Federal Government, kemi Adeosun, Ministry of Finance, VAIDS

July 13, 2017

Oil prices will affect capital projects in 2017 budget – Kachikwu

Current oil prices and production levels will affect some capital projects in Nigeria’s 2017 budget, says the Minister of State for Petroleum Resources, Ibe Kachikwu. Speaking at a press conference in Abuja on Wednesday, Kachikwu added that the Ministry of Finance is working hard to find alternative sources of funds for the budget. “In terms... Read More

2017 budget, Ibe Kachikwu, Ministry of Finance, ministry of state for petroleum resources, Oil prices

June 30, 2017

FG gives Nollywood over N420m grant

The Federal Government says it has released the sum of N420.2 million to the Nigeria film industry, Nollywood, to improve and support aspiring practitioners, NAN reports. According to a statement issued by the Deputy Director of Information, Federal Ministry of Finance, Patricia Deworitshe, on Friday in Abuja, The money, will benefit 105 film distributors. The... Read More

Federal Government, grants to Nollywood, Ministry of Finance, Nigerian Movie industry, nollywood

June 22, 2017

Goodluck Jonathan, kemi Adeosun, Ministry of Finance, The Pesidential blog, youwin

[The Presidential Blog] Aso Rock wants You to WiN 2.5 billion yearly for your small businesses and start-ups

In a series of tweets posted earlier, the Federal Ministry of Finance finally announced the fate of the GEJ-administration initiative, YouWiN while also promising NGN 2.5 billion yearly in equity investments for start-ups ad small and medium scale businesses. 1/ Announcement: @YouWiNConnectNg Funding for SMEs. — Federal Ministry of Finance (@FinMinNigeria) June 22, 2017 2/... Read More

The Presidential Blog

June 3, 2017

145 TVC staff fired, N17bn worth of office furniture | The 5 numbers that mattered this week

192 – Governor Obaseki of Edo state appointed this number of Special Assistants who will help the state connect with people in the rural areas. N17 billion – The amount the Ministry of Finance allegedly paid for the procurement of office furniture. 15 – The number of INEC Resident Electoral Commissioners the Nigerian Senate confirmed... Read More

Edo state, FG, INEC, Ministry of Finance, numbers that mattered, Obaseki, TVC

April 5, 2017

“The whistleblower policy was a Ministry of Finance initiative” and everything else Kemi Adeosun said during her Facebook live chat

by Roqeebah O. Kemi Adeosun, the Minister of Finance did something, which not many Nigerian political office holders engage in. She hosted a Facebook Live session where she answered questions from concerned Nigerians about the economy and the work of the Ministry. By that standard (of uncommonness) alone, what the Minister did was very admirable.... Read More

DBN, Enterprise Education, Eurobond, Facebook Live, kemi Adeosun, Ministry of Finance, youwin

March 23, 2017

How is the FG managing the disbursement of Paris Club refunds to States?

The Federal Government under President Buhari’s leadership has consistently assured of its dedication to alleviating the difficult conditions of living that Nigerians everywhere have to deal with daily especially with the recession that frustrates efforts of the most ordinary citizens. It does not help that only Lagos State can be safely said to have the... Read More

More, Thinking Through

FG, How is XXX, Ministry of Finance, Paris-London Club, salaries

March 14, 2017

What is this petty power tussle between the Senate and the Customs Comptroller?

It’s amazing sometimes how things happen in Nigeria. Actually, “wonderful” is a better way to put it. You’d think that when lawmakers in a country need to perform their oversight functions of calling heads of government agencies to order, they’ll do so in all seriousness. Can anyone even remember the reason the Senate and the... Read More

Thinking Through

Comptroller-General, Customs CG, Hamid Ali, Hope Uzodinma, Ministry of Finance, Senate committee, uniform

February 14, 2017

The Explainer: How does Nigeria’s whistleblowing policy work?

One of the biggest news items of the past week has been the discovery of a bunker in a residence owned by the former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Andrew Yakubu containing $9.8million and £78,000 in cash in a safe, to which he has admitted ownership of the said... Read More

Featured, Thinking Through

corruption, EFCC, explainer, Ministry of Finance, national assembly, Whistleblower, Whistleblowing

December 21, 2016

Whistleblowers may get up to 5 per cent of recovered loot – FG

The Federal Government on Thursday approved the Whistleblowing Policy. The policy which was developed by the Ministries of Finance and Justice seeks to reward whistleblowers with up to five per cent of recovered loot. Details of the decision, which was taken at Wednesday’s Federal Executive Council meeting was made public by official Twitter account of... Read More

5 per cent, FEC meeting, FG, Ministry of Finance, Ministry of Justice, Whistleblowers, Whistleblowing Policy

November 22, 2016

FG reduces monthly wage bill by N20bn

The monthly wage bill of the Federal Government has been reduced from N165bn to N145bn monthly. The Permanent Secretary, Ministry of Finance, Mr Mahmoud Dutse said this on Thursday while speaking with journalists at the sideline of a workshop on cost management. He said the N20bn reduction in monthly wage bill was achieved after an audit... Read More

FG, kemi Adeosun, Ministry of Finance, Monthly wage bill, N15bn, N20bn

October 28, 2016

Finance ministry saves N23bn monthly, uncovers 33,000 ghost workers

The ministry of finance says it has uncovered a total of 33,000 ghost workers in the payroll of the Federal Government. Minister of Finance Kemi Adeosun said the monthly wage bill has also been reduced from N165bn to N142bn. The Head of the Efficiency Unit at the Ministry, Mrs Patience Oniha disclosed this on Friday.... Read More

Ghost workers, kemi Adeosun, Ministry of Finance, N23bn

October 7, 2016

Stop paying lawmakers running costs, Jibrin tells Finance Ministry

The former chairman of the House of Representatives committed on Appropriation Abdulmumin Jibrin has called on the Ministry of Finance to put an end to the payment of running costs to lawmakers. The lawmaker who was suspended by the House for 180 legislative days said the House is filled with corrupt individuals. He said, “I... Read More

Abdulmumin Jibrin, Budget padding, dieziani allison-madueke, House of Representatives, Ministry of Finance, Yakubu Dogara

September 26, 2016

I have no idea when recession will end – Adeosun

Minister of Finance Mrs Kemi Adeosun says she has no idea as to when the current recession will come to an end. She made the remark during an interview in Abuja stating, “I don’t want to predict when we will get out of recession. Let me tell you that we will get into growth and that’s... Read More

Economic recession, kemi Adeosun, Ministry of Finance, National assets, nigeria

August 24, 2016

Ezekiel Oseni is the new Acting MD of NERFUND

The Minister of Finance, Mrs Kemi Adeosun has approved the appointment of Mr Ezekiel Oseni as the acting managing director of the The National Economic Reconstruction Fund (NERFUND). In a statement released on Wednesday by the permanent secretary, ministry of finance, Dr Mahmoud Isa-Dutse, Oseni’s appointment takes place with immediate effect. Prior to his appointment, Mr.... Read More

Bank of Industry, Ezekiel Oseni, kemi Adeosun, Ministry of Finance, The National Economic Reconstruction Fund (NERFUND)

June 12, 2016

FG to support state governments financially… but the conditions are strict

The federal government, on Tuesday, set out stringent fiscal conditions for states before they can access a conditional Budget Support Facility which is aimed at providing financial support to any of the 36 states facing financial difficulties. This was contained in a statement made available by the Ministry of Finance. The states can only access... Read More

bailout, BVN, economy, Finance, funds, IGR, Ministry of Finance, states

December 13, 2015

Is Nigeria truly broke? See how much the country made and spent in the past few months

According to the Medium Term Expenditure Framework and Fiscal Strategy Paper (2016-2018) sent by the president to the National Assembly, the Federal Government has spent N3.42tn out of the total N4.493tn spending approved in the 2015 budget in nine months. The spending of the government in the last nine months have largely been on recurrent expenditures while... Read More

Buhari, economy, Federal Government, Finance, fiscal, Ministry of Finance, money, naira, Oil, revenue

March 2, 2015

We’ve exposed 45,000 ghost workers in the Finance Ministry – ICPC claims

by James Sambo The Independent Corrupt Practices and other related offences Commission has revealed that it has so far uncovered 45,000 ghost workers in the Federal Ministry of Finance, The commission also disclosed that the ghost workers situation had deprived the country of about N100 billion. Chairman of the ICPC, Ekpo Nta, made the revelation on... Read More

Ekpo Nta, Ghost workers, icpc, Ministry of Finance

November 10, 2014

Why do governors owe civil servants salaries and expect performance?

by Babatunde Ajileye Every month, state governors along with the president and his cabinet gather. This gathering, the Federal Executive Council, is the highest and most important meeting of the executive arm of government in the country. Contractors fast and pray, and put their pastors, imams and babalawos on high spiritual alert for this period as... Read More

APC, civil servants, Federal Executive Council, Federal Government, Ministry of Finance, PDP, remuneration, salaries

July 30, 2014

FAAC, House of Assembly, House of Representatives, lawmakers, Ministry of Finance, Quarterly allowance

Lawmakers are BROKE: House of representatives demand N30m quarterly allowance

by Kolapo Olapoju Lawmakers of the lower chamber of the National Assembly are reportedly cash strapped as a result of the delay in the payment of their quarterly allowances. The third quarter allowance, which is meant to cover July to September was not paid to the lawmakers before they proceeded on their annual holiday on July... Read More

February 19, 2014

Opinion: Just before Okonjo and Allison drives us crazy

by Odusote Oluwakayode Surely, something is rotten in the NNPC and the Minister of Petroleum, Alissson Madueke either participated in it, created the environment in which it could fester or was such a poor manager that she was completely oblivious to it. We’re few months into the year and I’m already bored, not because I... Read More

allisonleum, diezanni allison-madweke, Fraud, kerosene subsidy, Ministry of Finance, nnpc, odusote oluwakayode, Okonjo-Iweala, okonjonomics, opinion, ynaija

February 19, 2014

Opinion: How corruption among the ruling class destroyed businesses in Nigeria

by Jibrin Ibrahim The Ministry of Finance that is overseeing the inter-agency reconciliation process is of the view that $10.8 billion is the sum yet to be reconciled. It was the chairman of Virgin Group, Richard Branson who used the adjective insane to describe the Nigerian ruling class and its technocracy. He was explaining the... Read More

corruption, Jibrin Ibrahim, Ministry of Finance, nnpoc, old china, opinion, petroleum industry bill, ppmc, Sani Abacha, yar'dua, ynaija

February 18, 2014