Minister of finance, budget and national planning, Zainab Ahmed has explained why the excess crude account has been depleted. The federal government had in a communiqué issued at the end of the federation account allocation committee (FAAC) meeting for July, said the balance in the ECA dropped from $35.37 million to $376,655 in June. No further details was provided. Speaking at the end of the federal executive council (FEC) presided over by President Muhammadu Buhari on Wednesday July 27, Ahmed …
Tag: Zainab
Actress Zainab Balogun has mourned her cousin, Samuel Iwelu, who died in the collapsed 21-storey building in Ikoyi, The body of the UK returnee was retrieved from the rubble of the collapsed bulding and confirmed dead. Recall that Samuel’s sister, Ann Iwelu, had shared the last video he made while entering the structure on Monday, November 1. Read HERE Samuel, 35, was said to have come to Nigeria from the UK for a wedding in Abuja. There he met …
The Minister of Finance, Budget, and National Planning, Zainab Ahmed, has said that majority of vehicles imported into Nigeria were stolen. The Minister said this while delivering a keynote address at the zonal sensitisation seminar on the National Vehicle Registry (VREG) policy in Abuja on Thursday, August 12. Tribune quotes the Minister as saying ”The National Bureau of Statistics confirmed that between 2015 and 2019, Nigeria imported an average of 300,000 vehicles with an average of 48 per …
Minister of Finance, Zainab Ahmed has debunked claims of having plans to increase the Value Added Tax (VAT) and other taxes in 2021. Ahmed who defended her Ministry’s budget before the Senate Committee on Finance in Abuja, dismissed claims of an imminent increase in VAT and other taxes in the proposed Finance Bill to be presented to the National Assembly soon. The minister said; “There will be no increase in VAT or any form of taxes because we see …
Zainab Ahmed, Nigeria’s Minister of Finance, has said that the coronavirus pandemic and falling oil prices are set to force Nigeria’s economy into recession. The Minister made this known today May 21, while speaking to state house correspondents shortly after attending the National Economic Summit meeting in Abuja. “On the economy, COVID-19 has resulted in the collapse in oil prices. This will impact negatively, and the impact has already started showing on the federation’s revenues and on the foreign …