N350b coming for capital projects

UP to N350 billion will be released in the first tranche for capital projects in this year’s budget, Minister of Finance Mrs. Kemi Adeosun said yesterday. At the presentation of the 2017 Appropriation Act in Abuja, the minister said the Federal Government had enough cash for the execution of key projects and initiatives this fiscal […]

Adeosun wants FG, IITA partnership on national youth agric program

The Nigerian Minister of Finance, Honorable Kemi Adeosun, says the country will benefit by signing up for the African Development Bank funded ENABLE Youth (Empowering Novel Agri-Business-Led Employment) (http://APO.af/276D5p) Program. Nigeria’s signatory to the ENABLE youth program will make the oil-rich country the third African country coming behind Cameroon and Sudan to benefit from funds under […]

Finance minister: Treasury looting too easy in Nigeria

Minister of Finance Kemi Adeosun yesterday said high level corruption was endemic in Nigeria because it was too easy for people to loot public funds. He said the Federal Government was working to block avenues for looting and make it harder to hide stolen funds abroad. Adesoun spoke when she chaired a showcase session on […]

Nigeria will not seek IMF loan – Adeosun

Nigeria’s finance minister, Kemi  Adeosun  says the country will not apply for an IMF, International Monetary Fund loan as it is pursuing its own economic reform plan. “For us the IMF is really a lender of last resort when you have balance of payments problem. Nigeria doesn’t have balance of payments problems per se, it […]

Ecobank Collaborates With NIBSS On New Mobile Payment Solution mCash

  Ecobank Collaborates With NIBSS On New Mobile Payment Solution mCash   Ecobank has joined a collaboration between the Nigeria Interbank Settlement Scheme, NIBSS and the four major telecommunications operators, Etisalat, MTN, Airtel and Globacom, to offer a new and innovation mobile money payment solution, mCash. The new mobile payment solution enables easy payments using […]

FG is Committed to Infrastructure Financing’—Adeosun

FG is Committed to Infrastructure Financing’—Adeosun The Minister of Finance, Mrs. Kemi Adeosun on Tuesday emphasised the importance critical infrastructure projects, especially in the areas of Rail and Power to the country’s economic development. She spoke during the visit of the Chinese Ambassador to Nigeria, Mr. Zhou Pingjian, to her office in Abuja. Adeosun described […]

FG spends N750B for infrastructure development in five months, says Minister

Minister of Finance, Kemi Adeosun FG spends N750bn for infrastructure development in five months, says Minister As part of measure to reposition Nigeria’s economy, the Federal Government in the last five months mobilized not less than N750 Billion for infrastructure development. Speaking in Lagos on Saturday at the 2016 Wealth Creation Platform organized by KICC […]

FG, States, Others Meet on Economy as NACOFED Opens in Ogun Tuesday

FG, States, Others Meet on Economy as NACOFED Opens in Ogun Tuesday The National Council on Finance and Economic Development (NACOFED) 2016 conference, which opens in Abeokuta, Ogun State on Tuesday, will examine options available to government to improve its revenue streams especially in a period of low earnings from crude oil. The conference, which is being […]