FG considering out-of-court settlement on VAT tussle – Finance Minister, Zainab Ahmed

Minister of finance, budget and national planning, Zainab Ahmed has revealed that the federal government is considering political paths to resolve the ongoing value-added tax (VAT) tussle. Zainab revealed this during an interview on Channels Television. The Minister who noted that there will be a positive political solution, added that she hopes the issue can… Continue reading FG considering out-of-court settlement on VAT tussle – Finance Minister, Zainab Ahmed

FG spent N2trn on debt servicing in six monthsb- Minister of Finance, Zainab Ahmed

FG spent N2trn on debt servicing in six monthsb- Minister of Finance, Zainab Ahmed The Minister of Finance, Zaina Ahmed, says the federal government has spent N2.02 trillion on debt servicing within the first six months of 2021 (January-June). The Cable reports that the Minister disclosed this when she spoke at the 2022- 2024 2022-2024… Continue reading FG spent N2trn on debt servicing in six monthsb- Minister of Finance, Zainab Ahmed

The level of Nigeria’s borrowing is not unreasonable and is not high – Finance Minister, Zainab Ahmed

The Minister of Finance, Zainab Ahmed, has said that Nigeria cannot make progress if it doesn’t borrow to fund the building of its infrastructure. Ahmed at a media briefing at the statehouse Abuja on Thursday February 25, said this while reacting to criticism regarding high levels of borrowing by this administration. In her words ”The… Continue reading The level of Nigeria’s borrowing is not unreasonable and is not high – Finance Minister, Zainab Ahmed

There will be no increase in taxes – Minister of Finance, Zainab Ahmed

Minister of Finance, Zainab Ahmed has stated that there will be no increase in taxes following the incremental changes to Nigeria’s tax laws.  The Minister said this while addressing State House correspondents after the council approved the Finance Bill 2020.  Ahmed who disclosed that the 2019 Finance Bill actually reduced taxes from 30% to 20% for… Continue reading There will be no increase in taxes – Minister of Finance, Zainab Ahmed

Former investment tribunal members were an embarrassment – Minister of Finance, Zainab Ahmed

Minister of Finance, Zainah Ahmed has described former members of the Investments and Securities Tribunal (IST) as an embarrassment to the federal government. Ahmed said this during the swearing-in ceremony of Azi Isaac as chairman of the tribunal, and Nosa Osemwengie as a member. She said; “The tribunal has in the last five years suffered many setbacks… Continue reading Former investment tribunal members were an embarrassment – Minister of Finance, Zainab Ahmed

We may slide into another recession- Minister of Finance, Zainab Ahmed warns

The Minister of Finance, Zainab Ahmed, has warned that Nigeria may slide into a second recession in four years if a very strong third-quarter 2020 economic performance is not achieved. Ahmed gave the warning today August 13 while speaking at the opening of a five-day interactive session on the 2021-2023 Medium Term Expenditure Framework (MTEF), and Fiscal… Continue reading We may slide into another recession- Minister of Finance, Zainab Ahmed warns

Nigeria is heading towards recession – Minister of Finance, Zainab Ahmed says

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… Continue reading Nigeria is heading towards recession – Minister of Finance, Zainab Ahmed says