The Minister of Finance, Mrs. Kemi Adeosun, has revealed that the Nigerian Government targets to generate at least 7,500 jobs through the Voluntary Asset Income Declaration Scheme (VAIDS). Adeosun stated this in a report on the activities of the ministry in the last two years. According to her, job creation remains one of the spin-offs […]
Read More
A non-governmental organisation, Social Action Nigeria, has written to the Minister of Finance, Mrs. Kemi Adeosun, demanding explanation on the $5.5bn, which the Federal Government has started borrowing from foreign sources. In two letters dated November 24 and December 18, Social Action Nigeria said it was necessary for the government to give explanation and proper […]
Read More
Between January and November this year, the Federation Account Allocation Committee shared a total of ₦5.74 trillion to the three tiers of government. An analysis of the FAAC distribution shows that the amount represents an increase of ₦765 billion over the ₦4.98 trillion, which the committee allocated in the corresponding period of 2016. The committee, […]
Read More
Speaker of the House of Representatives, Yakubu Dogara, has explained that the House decided to intervene in the conflict between the Minister of Finance, Kemi Adeosun, and the suspended director general of Security and Exchange Commission, Mounir Gwarzo, in order to protect the capital market’s integrity, improve public perception of the sub-sector, boost investor confidence, […]
Read More
The Federal Government has agreed to look into claims of surrounding states losing revenues to the Federal Capital Territory, FCT, Abuja. Minister of Finance, Mrs Kemi Adeosun made the offer yesterday when she received the Niger State Governor, Alhaji Mohammed Bello in her office in Abuja. Adeosun lamented that losing N1 billion monthly to the […]
Read More
The administrative panel of inquiry set up by the Minister of Finance, Mrs. Kemi Adeosun, to investigate corruption allegations against the suspended Director-General of the Securities and Exchange Commission, Mr. Mounir Gwarzo, is to submit its report before the end of the year. Adeosun had two weeks ago suspended Gwarzo and two managers of the […]
Read More Oando’s Nigeria Plc Shareholders under the aegis of Trusted Shareholders’ Association have issued 7 days ultimatum to the Minister of Finance, Mrs. Kemi Adeosun within which to resign her position, alleging a breach of public trust and confidence. The shareholders also asked President Muhammadu Buhari to immediately sack the Minister should she decline the call […]
Read More The Minister of Finance, Mrs Kemi Adeosun, has once again read the riot act to tax evaders in the country. According to her, the Federal Government would come hard on the tax dodgers from next April when the grace period for voluntarily assets and income declaration would have been over. In this interview, she explained […]
Read More
The House of Representatives is set to probe the suspension of the Director-General of the Securities and Exchange Commission, Mr. Mounir Gwarzo, by the Minister of Finance, Mrs. Kemi Adeosun, over alleged financial abuses. To this end, the lower chamber of the National Assembly want both parties to “maintain the status quo” pending the outcome […]
Read More The Minister of Finance, Mrs. Kemi Adeosun, on Wednesday announced the suspension of the Director-General of the Securities and Exchange Commission, Mounir Gwarzo, over allegations of financial impropriety levelled against him. Also suspended were two management staff members of the commission. They are the Head of the Media Division, Mr. Abdulsalam Naif; and the Head […]
Read More Out of 70 million taxable adults in Nigeria, only 40 million pay taxes, the Minister of Finance, Mrs. Kemi Adeosun has said. She spoke yesterday at the first annual lecture of the Lagos State Professorial Chair of Tax and Fiscal Matters held at the Ade-Ajayi Auditorium, University of Lagos. Mrs Adeosun who chaired the lecture, […]
Read More As tongues wag over the avalanche of heavy offshore loans heaped on the country, the Minister of Finance, Mrs. Kemi Adeosun, yesterday said there was no cause for alarm as the Federal Government’s revenue and debt management strategy would mitigate its debt service risk to fast-track development. The Minister, who welcomed the advice of Nigeria’s […]
Read More
