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Tag: Ministry of Finance
COVID19: It’s 2020, yet Nigeria’s Finance Ministry unlocks a new level of ‘bambiala’
As Nigeria poises for a growing pandemic with the potential to wreak havoc to its fledgling healthcare system, it appears no measure is off the table. Begging a US billionaire…
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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…
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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…
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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…
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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…
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‘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…
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“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…
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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…
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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…
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[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…
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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…
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“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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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Opinion: NNPC controversy- Between CBN and the Ministry of Finance
by Olusola Daniel Evidently, this should provide Nigerians with a definitive verdict on the controversy. We would recall that a similar forensic audit was deployed to investigate subsidy claims and…
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CBN Governor, Sanusi’s whereabouts unknown ‘since argument with Jonathan’
by 'Jola Sotubo According to a Sun News report, the whereabouts of Sanusi Lamido Sanusi, the Governor of the Central Bank of Nigeria (CBN),have not been known since Wednesday. It…
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The September Standard
- T.I Nathan SS25 Lookbook: A Contemporary Ode to Elegance and Edge
- Idia Aisien’s Comeback to Style 101: Will She Revive the Magic?
- RED CARPET! Amstel Malta at 30: A Sleek Celebration of Style and Legacy!
- Ugoccie: Where Afrocentricity Meets Street Style
- The Future Awards Africa 2024: How Tunde Onakoya and Veekee James Served High-Fashion Mastery as Hosts
YMonitor
- Beyond the Power Struggle: Why a Strong Opposition Party is Crucial for Nigeria’s Democracy
- The Importance of Impartial Reporting in Nigeria’s Democracy
- Understanding the Role of Election Tribunals in Nigeria’s Electoral Process
- The Importance of Active Citizenship Beyond the Voting Booth
- How Ethnic Baiting is Undermining Nigeria’s National Security and Democracy
The September Standard
- T.I Nathan SS25 Lookbook: A Contemporary Ode to Elegance and Edge
- Idia Aisien’s Comeback to Style 101: Will She Revive the Magic?
- RED CARPET! Amstel Malta at 30: A Sleek Celebration of Style and Legacy!
- Ugoccie: Where Afrocentricity Meets Street Style
- The Future Awards Africa 2024: How Tunde Onakoya and Veekee James Served High-Fashion Mastery as Hosts
YMonitor
- Beyond the Power Struggle: Why a Strong Opposition Party is Crucial for Nigeria’s Democracy
- The Importance of Impartial Reporting in Nigeria’s Democracy
- Understanding the Role of Election Tribunals in Nigeria’s Electoral Process
- The Importance of Active Citizenship Beyond the Voting Booth
- How Ethnic Baiting is Undermining Nigeria’s National Security and Democracy