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Tag Archives: Minister of Finance

FAAC Shares N601bn in November

A total of N601.1 billion was shared on Wednesday to the federal, state, local governments and statutory agencies, being the Federation Accounts Allocation for the month of November, 2020. This was announced on after the FAAC meeting for the month of December 2020 held at the Federal Ministry of Finance …

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Nigerian Govt Negotiating $750mn World Bank Loan

The federal government is in the process of accessing a World Bank loan of $750 million on behalf of the states. The new loan is meant to stimulate the local economy and support the vulnerable households’ consumption. This, it said, is part of the windows of opportunity to mitigate the effect of …

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We Have Failed Our Children, Says Finance Minister

Agency Report The Minister of Finance, Budget and National Planning, Zainab Ahmed, has urged parents to instill family values in their children as a way to save the country from degeneration. The minister made the call on Saturday in Kaduna during a stakeholders’ engagement with 77 district heads, religious and …

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Sudan Declares State of Economic Emergency as Inflation Hits 143%

Sudan’s sovereign council, which has been ruling the country since Omar al-Bashir was ousted, has just declared an economic “state of emergency”. The announcement was made by the Minister of Finance, Hiba Mohamed Ali, during a press conference held on Thursday, September 10 in Khartoum. According to the official, this …

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