The statement said: “The widely published comment by Governor Adams Oshiomhole alleging that $30 billion is missing from the Excess Crude Account is shocking and totally untrue
Browsing: Okonjo-Iweala
Austerity measures are strict channels that are undertaken by a government to help bring expenditures more in line with revenues. It is usually official actions taken by the government, during a period of adverse economic conditions, to reduce budget deficit using a combination of spending cuts or tax rises. In this vein, the Nigerian government has decided to be prudent in its spending while also mandating tax agencies to rake in more revenues in order to endure this period of lowering crude oil prices in the international market
This was contained in a statement issued by the Ministry of Finance and signed by Paul Nwabuikwu, spokesman to the Minister of Finance, Dr. Ngozi Okonjo-Iweala
According to her, this implies a ratio of 53 per cent oil revenue to 47 per cent non-oil revenue to fund an aggregate budget expenditure of N4.36 trillion proposed for 2015 Budget
The Minister laid the 2015 budget document to both the House of Representatives and the Senate in separate appearances
The Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said Nigeria is in for some “hard time” following the continuous decline…
The News Agency of Nigeria reports that other awardees were Chief Onyema Ugochukwu, General Azubuike Ihejirika (rtd), Assistant Inspector General of Police Chintua Amajor-Onu and Chief Uzo Nwosu, among others
She stated that the government has taken fiscal policy measures that would weather the storm if the oil prices fall to $70 per barrel, $65 per barrel and even to $60 per barrel
In response to the long-standing desire of the Nigerian diaspora to support economic development in the country, a high level Executive-Legislative team is currently holding a series of interactive sessions with Nigerians in Europe and the United States
A statement by Paul Nwabuikwu, the Special Adviser to the Minister of Finance, Dr. Ngozi Okonjo-Iweala, said the release was in addition to N200 billion released in the first quarter
Okonjo-Iweala explained that the amount was to support the launch of the initiative by the Nigerian Business Community at the World Economic Forum on Africa
“I think that by the time we hear some of the security measures that the President is going to announce, we will see that we will calm the nerves of those who are proposing to come
Okonjo-Iweala made this known at a workshop on: “A Reflection of Nigeria GDP Rebasing: Issues, Facts and Fiction,” organised by the Kukah Centre in collaboration with the Ministry of Finance in Abuja
Okonjo-Iweala, who is also the Coordinating Minister for the Economy, made this known during a meeting with delegates of the Arewa Youth Forum on issues of youth development in the Northern part of the country
Mayshak appeared before the committee on Tuesday to explain how the office spent the N24 billion received through the Budget Office
Okonjo-Iweala, who disclosed this while answering questions at the ‘Budget 2014 Jam’ in Abuja, said that the drop in the tariff would reduce smuggling of the commodity into the country
“I celebrate my team at Ebonylife TV, whose commitment to excellence consistently pushes the frontiers in media in the continent and around the world
She made this known in Abuja at the inauguration of “Budget 2014 Jam” organised by the Ministry of Finance in collaboration with IBM Technology in Abuja
This directive was given after the House adopted the recommendations of the report of a six-man committee it set up to determine whether the executive had complied with extant rules in submitting the budget proposal to the National Assembly
Okonjo-Iweala, who is the Coordinating Minister for the Economy, said this at the public presentation of the 2014 budget in Abuja on Monday