Browsing: Kemi Adeosun

Adeosun, who spoke on the economic reform agenda of the government, said the N165 billion being paid to federal civil servants monthly represented 40 per cent of the total spending of government

All states will receive the relief in this instance, however further deferrals will be subject to the agreement of a Fiscal Restructuring Plan to be prepared by each state with clear measurable objectives

However, there was a slight increase in production of crude oil in December 2015, but the resulting income was marginal due to a 10 per cent drop in crude oil prices

Adeosun, who was a speaker at a panel discussion on Africa, titled: “Sub-Saharan Africa: Just a Rough Patch,” said Nigeria is adapting to its new realities and it is implementing fiscal policies to steer the country back on track for stable growth with a diversified economy

At World Bank/IMF Spring Meeting

Pointing to the impact of falling global oil prices on the economy, Adeosun said: “In the past, we had the means but not the will. Now we have the will but we no longer have the money to invest. The safety blanket of oil has been ripped away, laying the poverty of Nigeria’s institutions bare

François Villeroy de Galhau, the Governor of the Banque de France; Valdis Dombrovkis, the Vice President of the European Commission; and Wolfgang Schauble, Germany’s Minister of Finance, Germany

She said: “We are specifically looking at contractors who have laid-off staff and how many Nigerians are they going to put back to work as a result of this money that we are planning to release

This was contained in a statement made available to newsmen on Friday in Abuja by Festus Akanbi, the Special Adviser on Media to the Minister of Finance, Kemi Adeosun

She said the aim was to provide a seamless pathway to attract much needed private finance and operational inputs to service delivery.
According to her, the private capital will bring more than financial resources, discipline and best practices.

At the lower levels, the waste, inefficiency and culture of non-performance have, like a financial cancer, eaten away at our core institutions. We are already beginning to see change

She said the decision was for government to easily service the debts as high cost debts would be counter productive in view of the nation’s economic realities

According to the ministry, the figure represents a percentage of the number of non-existing workers who had hitherto been receiving salary from various ministries, departments and agencies

The Minister of State for Aviation, Senator Hadi Sirika, representing President Buhari, signed the air services agreement on behalf of the country, while Qatar’s Minister of Transportation and Communications, Jassim Bin Saif Alsulaiti, signed on behalf the Emir of Qatar, Sheikh Tamim Bin Hammad Al-Thani

Adeosun announced this while addressing newsmen on the outcome of the Federation Accounts Allocation Committee meeting

The source said the bank, headed by the affected MD, was fingered as one of the channels used for the salary fraud, which is currently being investigated

The minister disclosed that the discovery of the ghost workers was due to the registration of over 320,000 personnel on the IPPIS platform using their BVN numbers

She said: “We will not only sack them, we will ensure the recovery of the money they have been collecting over the years from the Federal Government.

The Unit, which carried out an extensive and detailed review of the Overhead Expenditure data of the government for the period 2012 to 2014, found that the overhead spending pattern was concentrated on a limited number of items, including travel, maintenance, local and international training, welfare and office stationery/computer consumables

Adeosun, who was responding to queries by the committee on the irregular balances in the TSA, said the account kept record of government’s income and expenditure on daily basis