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FINANCE MINISTER ZAINAB AHMED
The Federal Government has introduced new set of taxes on alcoholic beverages, imported vehicles and single use plastics in its new tax regime.
The Finance Minister added the Naira also continues to weaken against the dollar, increasing Nigeria's debt service obligations.
Nigeria's finance minister, Zainab Ahmed, said on Thursday that she disagreed with what she called a "surprise" downgrade of the country's credit rating by Moody's. She insisted that the government was already addressing the agency's concerns.
What is distributed at the FAAC is revenue that is generated by NNPC, FIRS, Customs, the Minister said.
Nigeria lacks accountability, transparency, and responsibility to refund its loans, according to Dr Bongo Adi, the Director of Centre for Infrastructure Policy Regulation and Advancement (CIPRA) at the Lagos Business School.
FG intends financing the N5.36 trillion budget deficit through domestic, foreign loans and proceeds from privatisations.
Appendix I. Letter of Intent April 21, 2020 Ms. Kristalina Georgieva Managing Director International Monetary Fund (IMF) Washington,...
More currency flexibility would help to protect dwindling external reserves and avert economic distortions, leaving them to only intervene when there are huge fluctuations.
The Senate has given its consent to the N850billion loan request of President Muhammadu Buhari after it was read at the plenary on Tuesday.
IMF considering a massive bailout that could help save Nigeria from a major economic crisis.
FG has announced its intention to seek debt relief from China rather than ask for suspension of interest payments from its Eurobond holders.
Nigeria’s fiscal quandry: A revenue problem or a debt problem?