Browsing: Okonjo-Iweala

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

Let me tell you what I will like just before we get started. Chikwe did a very moving tribute to Madiba, and we all sat in silence and listened; I have been very honoured to meet him three times personally and twice we have actually had a conversation. All sorts of things have been said about his seeing different activities and different sectors and different events and different attributes which are used to build peace and reconciliation and build a nation

Okonjo-Iweala had through her spokesperson, Paul Nwabuikwu, said that Premium Times doctored the video to create the impression that his boss was the aggressor

The News Agency of Nigeria reports that the amount was the second growth increase in the foreign reserve since May 7, 2013 when it stood at N48.65 billion

The Minister expressed delight that President Jonathan found her worthy of laying the budget before the lawmakers

Shuaib claims that the FCSC did not invite him at any time to defend himself against any allegations as stipulated in the Rules before disciplinary action was taken against him and that he had never been warned or issued any query during his service years until after his disagreement with Okonjo-Iweala over his writing

The federation account is funded from receipts from oil and other sales (with oil accounting for over 90 percent and taxes – VAT- custom duties etc.). When more crude is produced and sold above the quantity anticipated by the budget for any given year, the funds are by law meant to be kept as future savings in a stabilization account, also known as the excess crude account

While the Coordinating Minister for the Economy and Minister of Finance will address the realities of ‘Growing Nigeria’s Economy with Fiscal Restraint’, the Minister of Trade and Investment will share the measures being taken to enhance ‘Nigeria’s Positioning and Competitiveness on the Global Stage

The approval was granted to facilitate bridging the nation’s housing sector, the Minister of State for Finance, Yerima Lawan Ngama, told State House correspondents during post-Cabinet meeting

Uduaghan, who fielded questions from journalists in Lagos, particularly singled out the Nigeria National Petroleum Corporation for blame for the nation’s dwindling fortune in revenue earnings

However, at the dawn of democracy in 1999, President Olusegun Obasanjo began to woo the best brains from the Diaspora back home to come lend their expertise as the nation began a rebuilding process

As part of the ovation, the University also noted that Ngozi Okonjo-Iweala had been rated as one of one hundred most powerful women in the world, the third most important woman in Africa and one of one hundred most respected intellectuals in the field of economics

To begin, Nigeria’s overall debt is comprised of external and domestic debts. The external debt is typically owed to foreign creditors such as multilateral agencies (for example, the Africa Development Bank, the World Bank, or the Islamic Development Bank), to bilateral sources (such as the China Exim Bank, the French Development Bank or the Japanese Aid Agency), or to private creditors such as investors in our Eurobonds. The domestic debt, however, is contracted within Nigerian borders, usually through bond issues which are then purchased by Nigerian banks, local pension funds, and other domestic and foreign investors. The resources raised typically go to help fund the budget or other domestic expenditures, such as infrastructure projects. We also have some contractor arrears, and other local liabilities which are normally handled through the budget

In my letter of acceptance, I reflected that I would continue to write opinion articles that will be geared towards making Nigeria a better society that every Nigerian will be proud of. My experiences with great Igbos, Itshekiris and Urhobos formed the fulcrum of my early write ups during my youth service and after I started work at the Government House, Asaba. Their leaders, who took me as their son, protected and provided for my needs. Prof. Chike Edozien, the Asagba of Asaba, Chief Paulinus Akpeki and Ugoh of Okpe Kingdom were among some of the great people that made my youth service year and work experience a worthwhile adventure in Delta State

“He was known for an inimitable courage in freely expressing his personal convictions on prevalent National discourse irrespective of the desire of the principalities in the Land

To conclude, Ladies and gentlemen, the 2013 Budget gives priority to our concerns for security, infrastructure, food security and human development. It is a Budget for everyone! For expectant mothers, children and the elderly – there will be increased access to healthcare; for smallholder farmers – there will be greater support from the government for access to market and extension services; and for tax-payers – the government will drive transparency and accountability

Okonjo-Iweala said a higher oil benchmark would not only lead to higher inflation but also a decline in the value of the naira and also lead to lower savings and reduced investment