Why we’re borrowing to finance budget despite meeting revenue target – Nigerian govt

Why we’re borrowing to finance budget despite meeting revenue target – Nigerian govt

Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has justified the plan by the federal government to borrow money to finance the 2024 budget. He said the government needed to borrow because the National Assembly had approved it as part of the sources to finance the budget. Mr Adedeji said this on Monday … Read more

Edun, Cardoso, others attend G-24 Governors, Ministers’ meetings

Edun, Cardoso, others attend G-24 Governors, Ministers’ meetings

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Governor of the Central Bank of Nigeria, Olayemi Cardoso, were among top officials present at the G-24 Ministers and Governors’ meeting held Tuesday at the ongoing World Bank/IMF meetings in Washington D.C. The G-24, or Intergovernmental Group of Twenty-Four, is an … Read more

Nigeria Customs suspends 25% penalty on improperly imported vehicles

Nigeria Customs suspends 25% penalty on improperly imported vehicles

The Nigeria Customs Service (NCS) has announced the suspension of the 25 per cent import duty penalty on improperly imported vehicles. The directive for the suspension came from the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and is said to be part of strategies to help rejuvenate the economy and ensure … Read more

Tinubu sets up panel to reposition Nigeria’s social investment programmes

Tinubu sets up panel to reposition Nigeria’s social investment programmes

President Bola Tinubu has set up a six-person panel to reposition Nigeria’s social investment programmes. PREMIUM TIMES reported that the president had suspended the programmes following tbe financial scandal in the humanitarian ministry which supervised them. The current humanitarian minister, Betta Edu, is under suspension while her predecessor, Sadiya Faruq, is also being investigated by … Read more

We won’t use CBN loan to fund Nigeria’s 2024 budget

We won’t use CBN loan to fund Nigeria’s 2024 budget

To finance Nigeria’s N28.8 trillion budget, the federal government will eliminate the reliance on Ways & Means, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said. The minister on Monday said the federal government would rather focus on bolstering revenue and driving economic growth. According to Mr Edun, the federal … Read more

We won’t use CBN loan to fund Nigeria’s 2023 budget

We won’t use CBN loan to fund Nigeria’s 2024 budget

To finance Nigeria’s N28.8 trillion budget, the federal government will eliminate the reliance on Ways & Means, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said. The minister on Monday said the federal government would rather focus on bolstering revenue and driving economic growth. According to Mr Edun, the federal … Read more