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January 22, 2021
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2020 Budget: N3.27trillion Spent On Debt Servicing As N1.8trillion Released For Capital Expenditure

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The federal government has said that a total of N1.80 trillion was released for the financing of capital expenditure under its N10.8 trillion 2020 budget, while the sum of N3.27 trillion was spent for debt servicing for the year 2020. This was disclosed in the 2020 budget performance details provided by the federal government this […]Continue Reading
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FG Moves To Borrow Dormant Account Balances, Unclaimed Dividends

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According to the Finance Act 2020 recently signed into law by President Muhammadu Buhari, the trust fund will be a sub-fund of the Crisis Intervention Fund. “Any unclaimed dividend of a public limited liability company quoted on the Nigerian Stock Exchange and any unutilised amounts in a dormant bank account maintained in or by a […]Continue Reading
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FG Approves Reopening Of Land Borders

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Federal Executive Council (FEC) has approved the reopening of four land borders with immediate effect, while others will be reopened subsequently. The Minister of Finance Budget and National Planning Mrs Zainab Ahmed, who disclosed after the week’s virtual FEC meeting, also said restriction on the importation of some commodities, like rice and other products, would […]Continue Reading
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Nigeria To Exit Recession By Q1 of 2021 – Zainab Ahmed

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Nigeria’s Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Monday, said the country will exit recession by the first quarter of 2021. Ahmed spoke about the current recession in the country at the ongoing 26th Nigerian Economic Summit organised by the Nigerian Economic Summit Group and the Federal Ministry of Finance, Budget, […]Continue Reading
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FG Explains Why Mambila Power Project Not Captured In 2021 Budget

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The Minister of Finance, Zainab Ahmed has explained why Mambila Power Project was not captured in the 2021 budget. The Minister disclosed this on Tuesday during a budget defense session with the House of Representatives Committee on Finance. She said the Mambila Power Project was not removed from the budget of the Ministry of Power […]Continue Reading