Zainab Ahmed

2022 budget: Borrowing Good For Nigeria, Finance Minister Insists

2022 budget: Borrowing Good For Nigeria, Finance Minister Insists

• Security Gets 15%, 7.7 % To Education, 5% To Health• Salaries, Debt Servicing, Capital Expenditure Gulp 85%• Petrol, electricity subsidies to go Plans are underway by the Federal Government to remove subsidies on petrol and electricity in 2022, the Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, has said. Ahmed, who disclosed this in Abuja, yesterday, while giving a full breakdown of the 2022 budget, explained that the removal of subsidies was part of the overall step at addressing revenue leakages. She said: “Efforts at addressing revenue leakages include concluding the service-wide implementation of IPPIS; dimensioning cost…
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Nigerian government reviews oil price, pegs dollar at N410 for 2022-2024

Nigerian government reviews oil price, pegs dollar at N410 for 2022-2024

The Minister of Finance, Budget, and National Planning, Zainab Ahmed, has explained that the Federal Government reviewed oil price and other key parameters in its projections for the 2022-2024 budgets to reflect present realities. She disclosed this while presenting the draft 2022-2024 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) before the House of Representatives Committee on Finance on Monday. She said Nigeria’s economy suffered in 2020 due to the COVID-19 pandemic and other factors. According to her, the oil price benchmark was put at $57 per barrel for 2022 and 2023 while placed at $55 per barrel…
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