ahmed

9th Senate: Breaking New Grounds Under Ahmed Lawan

December 8, 2019 3:02 am

You may argue that it is early days yet in the life of the 9th Senate of the Federal republic of Nigeria, presided over by Senator Ahmed Lawan and you will not be wrong. Inaugurated on 11, June, 2019, the current session of the upper chamber of the National Assembly is barely six weeks old. Even then, two days after our inauguration, we proceeded on a short recess to enable the leadership and the bureaucracy carry out some housekeeping, especially the allocation of offices to all Senators. We resumed duty on 2 July and were scheduled to embark on …

Zainab Ahmed Insists FIRS Will Collect Stamp Duties, Others

December 7, 2019 2:47 am

The Minister of Finance Budget and National Planning. Zainab Ahmed, has said that the Federal Inland Revenue Service (FIRS) would be in charge of sales and collection of stamp duties. This is coming despite the Senior Staff Association of Statutory Corporations and Government Owned Companies (SSASCGOC) and NIPOST workers got the assuarance of the senate that they would carry out the mandate.

The Minister while addressing the press in Abuja said “by the passage of the Finance Bill it will be the Federal Inland Revenue Service that will be collecting the Stamp Duties.” S “It is a revenue for the …

Bill

Ahmed Lawan Says Hate Speech Bill Won’t Be Passed

December 5, 2019 3:22 am

Following the public outcry that greeted the hate speech bill, the Senate President Ahmed Lawan has said the Senate won’t pass the proposed anti-free speech bills.

Lawan made the disclosure in response to a detailed written protest letter against the hate speech bill and anti-social media bill before the senate by the Human Rights Writers Association of Nigeria, HURIWA.

He said legislators will listen to the pulse of the Nigerians who have rejected the bills and will do exactly as they demanded.

Lawan had in his letter to HURIWA dated November 20th 2019 which was endorsed by his Chief of …

Ahmed: My Ministry Will Help AMCON To Recover Debts

Ahmed: My Ministry Will Help AMCON To Recover Debts

October 25, 2019 9:36 am

The Minister of Finance, Zainab Ahmed, has disclosed the readiness of the Ministry of Finance to assist financially ‘stressed’ Asset Management Company of Nigeria (AMCON), to recover some of the debts owed to its debtors.

Ahmed noted that her ministry has decided to help AMCON by issuing promissory notes to the tune of the debts.

She stated: “But currently, AMCON itself is stressed in the sense that the assets it bought are underperforming. The repayments that they are supposed to be able to make are not happening at the rate at which they should happen. And I understand that …

Zainab Ahmed: Why IMF Supports Nigeria’s Border Closure

Zainab Ahmed: Why IMF Supports Nigeria’s Border Closure

October 21, 2019 3:07 am

The Minister of Finance, Mrs. Zainab Ahmed, has stated that the International Monetary Fund (IMF) supported Nigeria’s closure of its land borders because it understood that the action was not punitive.

Addressing journalists in Washington yesterday, Ahmed explained that the measure was intended to restore Nigeria’s relationship with its neighbours, based on commitments made.

She said that President Muhammadu Buhari did not want to approve the closure because he was mindful of the adverse effect it would have on the economies of neighbours.

READ ALSO: American Weapons Ended Up In The Wrong Hands In Yemen.

According to her, there …

Ahmed: FG Optimising Revenue Mobilisation Potential

Ahmed: FG Optimising Revenue Mobilisation Potential

October 17, 2019 11:23 am

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has said the federal government will optimise the country’s potential in revenue mobilisation in 2020.

Ahmed said this in an interview with journalists at the ongoing IMF/World Bank Annual Meetings in Washington DC.

According to her, budgeting is supposed to be based on taxes that a country is able to generate.

“It is an anomaly for us in Nigeria that our budgets have not been focusing on revenue. What we are trying to do in 2020 is to harness the full potential of revenue mobilisation. The only increase …

Fuel Subsidy To Gulp ₦450bn In 2020 - Zainab Ahmed

Fuel Subsidy To Gulp ₦450bn In 2020 – Zainab Ahmed

October 14, 2019 11:20 pm

The Minister for Finance, Budget and National Planning, Mrs. Zainab Ahmed, says under-recovery of Premium Motor Spirit, popularly referred to as fuel subsidy, will gulp ₦450bn in 2020.

She said this on Monday in Abuja, at the public presentation of the 2020 budget proposals.

Ahmed said it was called ‘under-recovery’ because it was the cost of operation of the Nigeria National Petroleum Corporation.

“We have a provision for under-recovery of PMS in the sum of ₦450bn. If you look at the Budget office’s website, it is in the fiscal framework, which is an annexure to the budget.”

The News …

We Will Not Reach 80% Revenue Performance For 2019 - Ahmed

We Will Not Reach 80% Revenue Performance For 2019 – Ahmed

October 14, 2019 2:45 pm

Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning, says the nation will not be able to reach 80 percent revenue performance for 2019.

She said this on Monday in Abuja at the public presentation of the 2020 budget proposals.

Ahmed said that as at half-year, the actual aggregate revenue for 2019 was ₦2.04 trillion, which was 58 percent of the prorate target.

She said of the figure; oil revenue accounted for ₦900 billion, Company Income Tax (CIT) ₦349.11 billion, Value Added Tax (VAT) ₦81.36 billion and Customs Collections ₦184.10 billion.

“As to whether we will reach …

Nnamdi Kanu Lambastes Buhari For Congratulating Ahmed

Nnamdi Kanu Lambastes Buhari For Congratulating Ahmed

October 12, 2019 8:39 am

The supreme leader of the Indigenous People of Biafra, Mazi Nnamdi Kanu has taken to his social media handles to lambaste the Nigerian President, Mohammadu Buhari over the congratulatory message he sent to the Ethiopian prime minister, Ahmed Abiy.

President Buhari, who sent his regards to the Prime Minister via twitter, expressed his felicitations to the Ethiopian Prime Minister for winning the 2019 Nobel Peace prize.

According to him, “The award is an honour well deserved, especially in commemoration of your remarkable efforts towards ending the 20 years conflict between Eritrea and Ethiopia”.

Mazi Kanu, however, faulted Buhari …

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