LAGOS AUGUST 31ST (NEWSRANGERS)-Despite the criticisms trailing the nation’s increasing debt profile, the Federal Government on Monday says it is borrowing “sensibly and responsibly.” The Minister of Finance, Budget and National Planning, Zainab Ahmed, said this at a press conference in Abuja. She was joined at the brieifing by the Minister of Information and Culture,…
LAGOS JUNE 9TH (NEWSRANGERS)-Nigeria plans to borrow 722.53 billion naira ($1.76 billion) from capital markets for additional security spending, Finance Minister Zainab Ahmed said on Wednesday. As part of Nigeria’s security spending, the World Bank also agreed to allow the government to restructure existing loans of 39.58 billion naira to supplement the funds, she told…
LAGOS MATCH 24TH (NEWSRANGERS)-Petrol price in Nigeria will go higher from its present N165 if the price of crude keeps going up, Zainab Ahmed, the finance minister has said. Zainab spoke on Monday during her contribution in an interaction arranged by the Presidency Media team and State House reporters. According to the Minister of Finance,…
LAGOS JANUARY 17TH (NEWSRANGERS)-Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, said that there was no provision in the 2021 Budget to fund the acquisition of COVID-19 vaccines. The minister, during a virtual presentation of the 2021 Budget in Abuja, however, explained that the federal government is working on the type and quantity…
LAGOS MAY 22ND (NEWSRANGERS)-The nation’s finance minister, Zainab Ahmed, says the coronavirus pandemic and falling oil prices are set to force the economy into recession. Ahmed made the comments after the National Economic Council (NEC) meeting in Abuja on Thursday. “On the economy, COVID-19 has resulted in the collapse in oil prices,” she said. “This will…
LAGOS OCTOBER 21ST (NEWSRANGERS)-The World Bank Group has granted Nigeria a loan of $3bn for its ailing power sector. Minister of Finance, Zainab Ahmed announced the development Sunday during a chat with Nigerian journalists covering the 2019 Annual Meetings of the IMF and World Bank Group in Washington DC. She said the loan will help…
LAGOS SEPTEMBER 11TH (NEWSRANGERS)-The Federal Government will propose to the National Assembly about N9.79 trillion as total expenditure in the 2020 budget, the Minister of Finance, Budget and National Planning, Zainab Ahmed, has said. Mrs Ahmed announced this on Tuesday in Abuja at a public consultation forum with civil society groups and agencies on the…