News - Minister Of Finance

Buhari Orders Inquiry Into Revenue Remittances By NIMASA, JAMB

1 week ago /
Nation 

President Muhammadu Buhari has ordered investigations into alleged shortfall in revenue remittances by the Nigerian maritime administration and safety agency NIMASA and the joint admissions and matriculation board, jamb. Minister of finance Kemi Adeosun who disclosed this while briefing newsmen shortly after the federal executive council meeting held at the presidential...

Adeosun Tasks States On Fiscal Discipline

2 weeks ago /
Business and Economy  

Nigeria’s Minister Of Finance Kemi Adeosun says for Nigeria to return to the path of sustainable growth, states and local governments must adopt fiscal discipline and innovative strategies to improve their internal revenue generation. Adeosun said this at the opening of a two day workshop on alternative sources of revenue generation...

President Buhari Delighted With Improving State Of Nigerian Economy

4 weeks ago /
Nation 

President Muhammadu Buhari says he is delighted at the improving state of the Nigerian economy. The president who received briefing from the minister of budget and national planning, senator Udoma Udo Udoma, the Minister Of Finance, Kemi Adeosun, and governor of the central bank of Nigeria (CBN), Godwin Emefiele, said that he...

Adeosun Emerges Chairperson Of ECOWAS Investment Bank

1 month ago /
Nation 

Nigeria’s Minister of Finance, Mrs Kemi Adeosun, has emerged the Chairperson of the Board of Governors of the Economic Community of West African States (ECOWAS) Bank for Investment and Development (EBID). Mrs Adeosun was named the new chairperson of EBID on Tuesday at the end of the 15th Ordinary Meeting of...

FG Pledges More Support For ECOWAS Investment Bank

1 month ago /
Nation 

The Federal Government has pledged more support for the ECOWAS Bank for Investment and Development (EBID). The government also commended the bank for its role as a sub-regional centre for commercial activity and project funding support. The Vice President, Professor Yemi Osinbajo noted that Nigeria’s leadership of the continent was not just about the...

Vice President Osinbajo Challenges ECOWAS Bank

1 month ago /
Nation 

Vice President Yemi Osinbajo has challenged the ECOWAS bank for development and investment to invest more in the lives of young people in the region. Professor Osinbajo said this at the 15th annual general meeting of the board of governors of the bank in Abuja, on Tuesday. Since its reorganization in 2006...

FEC Approves ICT Backbone

1 month ago /
Nation 

The Federal Executive Council has approved a national ICT infrastructure backbone.  The project will cost 328 million dollars and will ensure the interconnectivity of all ministries, departments and agencies of government.  The council also approved the refinancing of treasury bills from naira to dollars.   Minister of finance, Kemi Adeosun says it is...

In Second Tranche, Bayelsa, Delta, Kano Get Highest Paris Club Refunds

2 months ago /
Nation 

The Federal Ministry of Finance on Tuesday evening released the details of the second tranche of Paris Club refunds to the 36 states and the Federal Capital Territory with five states receiving N10bn each. The funds were released on the premise that a minimum of 75 per cent of the funds...

FG Releases Details Of Second Tranche Of Paris Club Refund

2 months ago /
Nation 

The Federal Government has released the details of the second round of Paris Club refunds to the 36 states and the Federal Capital Territory. Details of the refunds, which are contained in a statement by the Director of Information in the Federal Ministry of Finance, Mr Salisu Dambatta, show that the...

Asset Declaration Will Boost Nigeria’s Income-to-GDP – Minister

2 months ago /
Business and Economy  

The Minister of Finance, Mrs. Kemi Adeosun, has explained that the newly launched Voluntary Asset and Income Declaration Scheme (VAIDS), is a credible platform put in place for defaulting Nigerian taxpayers to work out a flexible way to pay their outstanding tax liabilities. Speaking in Abuja after the launch of VAIDS...

Osinbajo Signs Executive Order On Taxes, Assets Declaration

2 months ago /
Nation 

Nigeria's Acting President, Professor Yemi Osinbajo, has signed an executive order to back the Voluntary Assets Income Declaration Scheme (VAIDS). Professor Osinbajo signed the executive order on Thursday morning during the launch of VAIDS at the Presidential Villa in Abuja. Key government officials, including the Minister of Finance, Mrs Kemi Adeosun, witnessed...

FG Offers Fresh 9-month Amnesty For Tax Offenders

2 months ago /
Nation 

The federal government on Thursday launched its Voluntary Asset and Income Declaration Scheme (VAIDS) to broaden the country’s tax base and offer incentives for tax evaders. According to the ministry of finance, the tax amnesty will run for the next nine months, effective from July 1, 2017. From July 1 to December 31,...

FG To Release N350bn For Capital Projects

3 months ago /
Nation 

The Federal Government plans to release a total of 350 billion Naira for capital projects across the country. Speaking at the public presentation of the 2017 Appropriation Act in Abuja, the Minister of Finance, Kemi Adeosu, said this will address the infrastructural needs in the country. Mrs Adeosun also said other capital...

Customs CG Now To Face Senate Confirmation

3 months ago /
Nation 

The Senate yesterday amended the Customs and Excise Management Act CAP C.45 of 2004, subjecting the appointment of the Comptroller-General of the Customs to its confirmation. This followed the approval of the report of the Senate Committee on Customs, Excise and Tariff, Hope Uzodinma (PDP, Imo) on the amendment of the...

House Of Reps Again Summons Adeosun

4 months ago /
Nation 

The House of Representatives committee on procurement has again ordered the Minister of Finance, Kemi Adeosun to appear before it unfailingly on May 23. Also summoned was the Minister of Works, Housing and Power, Mr Babatunde Fashola. This summon is coming after an earlier summon by the same committee which seemed to...

Nigeria Is Coming Out Of Recession – Finance Minister

4 months ago /
Nation 

The Minister of Finance, Kemi Adeosun has said that Nigeria is gradually coming out of its worst recession in years. She made this known at a town hall meeting held in Abuja. Adeosun also noted that the Federal Government is working to block wastages, increase GDP and embark on single window project...

Reps Summon Finance Minister Over Alleged Procurement Act Breach

4 months ago /
Nation 

The House of Representatives Committee On Public Procurement has ordered the Minister of Finance, Kemi Adeosun, to appear before it on Tuesday, May 16, over allegations of abuse and breach of the Procurement Act, 2007. The summon followed a resolution taken at the commencement of an investigative hearing into allegations of...

FG Considers Partnering Bi-Courtney On Construction Of Lagos-Ibadan Expressway

4 months ago /
Transport  

The federal government may have agreed to enter a funding agreement in a Public-Private Partnership (PPP) deal with Bi-Courtney Highways Limited to ensure the timely construction and rehabilitation of the Lagos-Ibadan expressway project. The issue was the crux of discussion at a meeting wednesday evening in the National Assembly, where it...

Labour Minister Blames May Day Disruptions On NLC Factions

4 months ago /
Nation 

The Minister of Labour and Employment, Dr Chris Ngige, on Monday blamed the disruption and protest by workers at the May Day celebration in Abuja on factions in the Nigerian Labour Congress (NLC). Ngige told newsmen on the sideline of the celebration that what happened was as result of infiltration by non-workers.

FG To Recover Pension Remitted To Accounts Of 53,000 Ghost Workers – Adeosun

5 months ago /
Nation 

The Minister of Finance, Kemi Adeosun, has said her ministry is working with the National Pension Commission to recover the pensions paid into the Retirement Savings Accounts of ghost workers. She said about 53,000 ghost workers had so far been removed from the Federal Government payroll. Adeosun stated, “The Presidential Initiative on...


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