Minister of Finance, Mrs. Kemi Adeosun, on Tuesday, disclosed that the Federal Government revenue from Value Added Tax (VAT) between January and October stood at ₦797.51 billion, even as she assured the aggressive tax compliance drive will be extended to the private sector and Ministries Department and Agencies (MDAs). Adeosun, who disclosed this in a […]
Read More Nigeria’s Minister of Finance, Kemi Adeosun has approved the appointment of members of the Board of Nigerian Capital Market Development Fund, NCMDF. The Securities and Exchange Commission yesterday disclosed this, saying, “the Commission’s mandate is to deepen the market and enhance the socio economic development of our beloved country.” Member of the Board are : […]
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Finance Minister, Mrs Kemi Adeosun has accused some Deposit Money Banks (DMBs) of sitting on funds which they ought to have remitted to the Treasury Single Account (TSA). She spoke on Thursday’s Sunrise Daily, a programme on ChannelsTV. The Federal Government had since August, 2015, directed all Ministeries, Departments and Agencies (MDAs) to make payments […]
Read More Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, yesterday disclosed that about $3 billion out of the $5.5 billion offshore loan the Federal Government currently seeks would go into refinancing the legacy debts of the Goodluck Jonathan administration. The Minister, who spoke in a television programme also clarified that the proposed $5.5 billion loan was made […]
Read More Nigeria’s Minister of Finance, Mrs Kemi Adeosun, has said the Federal Government would soon start collecting luxury taxes. Addressing newsmen at the annual meeting of the World Bank and International Monetary Fund, IMF, in Washington DC on Sunday, Mrs Adeosun said people with higher income must bear a greater part of the tax burden. “The […]
Read More Amidst worry by the World Bank and the International Monetary Fund, IMF, that Nigeria’s debt profile is rapidly growing to a very unsustainable levels, the country Finance Minister, Kemi Adeosun, yesterday gave reasons why the Federal Government would continue to borrow in the face of dwindling crude oil revenue to keep the wheel of the […]
Read More Nigeria Federal Government, today, in Abuja released ₦100 billion to road contractors to facilitate the construction and rehabilitation of 25 priority road projects across the six geopolitical zones. The Federal Government raised the funds through the issuance of Sukuk bonds. Sukuk bonds are Islamic bonds, structured in such a way as to generate returns to […]
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The Federal Government plans to release ₦100 billion for capital projects to take its total spending in the 2017 budget for infrastructure to ₦440.9 billion by next week, the Finance Minister, Mrs Kemi Adeosun, has said. Mrs Adeosun, who stated this said yesterday in Abuja at the Joint Finance and Appropriation Committee Sitting on the […]
Read More The Nigeria’s Federal Government has said that there is no plan to Islamise the country with the recent issuance of its ₦100 billion Sukuk bond. The Minister of Finance, Mrs. Kemi Adeosun, said this on the sidelines of an investor conference organised by Stanbic IBTC Bank in Lagos. Offer for subscription for the Sukuk bond […]
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Minister of Finance, Mrs. Kemi Adeosun and the Office of the Accountant-General of the Federation, has commended the Nigerian Maritime Administration and Safety Agency for its revenue performance in the past one year. Mrs. Kemi Adeosun, who disclosed this at a workshop in Abuja on compliance with the Fiscal Responsibility Act, noted that poor revenue performance […]
Read More Nigeria’s Vice President, Professor Yemi Osinbajo, yesterday advised states and local government administrations in the country to urgently harness their untapped resources for greater economic development, as the days of over-relying on the Federal Government for survival were gone for good. This was even as he also urged them to support the Federal Government in […]
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Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, on Monday confirmed the release of the sum of ₦350 billion to Ministries, Departments and Agencies of the Federal Government for the implementation of capital projects contained in the 2017 budget. Punchng exclusively confirmed this new development during a telephone interview with the minister. The 2017 Appropriation bill; […]
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