• Group accuses Adeosun of derailing Nigeria’s economic progress

    Group accuses Adeosun of derailing Nigeria’s economic progress

    A group, Nigerian Youth Entrepreneurship Forum for National Development (NYEFOND), has accused finance minister, Kemi Adeosun  of derailing the Federal Government’s economic progress by her body language, actions and utterances.

    The group said since her appointment as Minister of Finance late last year, the minister has made statements not fit for a minister of her status.

    “We have watched with dismay as the minister has tried, albeit in vain, to bring the current administration into disrepute, through her actions; most times, without even knowing […]

  • Proposed Development Bank takes off in January, says Adeosun

    Proposed Development Bank takes off in January, says Adeosun

    Development Bank, planned to provide funding for existing and start up Small and Medium Enterprises (SMEs), will commence operation in January 2017 with a capital of $1.3 billion, the Minister of Finance, Mrs. Kemi Adeosun has disclosed.

    Adeosun, who described the sector as a “very critical sector” stated that it accounts for 50 per cent of the nation’s Gross Domestic Product (GDP), adding that investing in the sector will catalyse more “activities in the economy.”

    The minister stated this in Lagos yesterday […]

  • FG spends N750b on infrastructure in five months – Adeosun

    FG spends N750b on infrastructure in five months – Adeosun

    According to reports, the federal government has spent over N750billion on infrastructure in the last five months, Minister of Finance, Mrs. Kemi Adeosun, has said.

    The minister gave this hint yesterday at a public forum in Lagos, where she was guest speaker at the Wealth Creation Platform 2016, organised by KICC International.

    According Mrs. Adeosun, the federal government was concerned about the growing infrastructural deficit in the country, hence the President Muhammadu Buhari-led administration has made infrastructure finance one of its major […]

  • FG working on adding value to goods for export, says Adeosun

    FG working on adding value to goods for export, says Adeosun

    According to reports, the Minister of Finance, Kemi Adeosun, has said the federal government is working on ensuring that the country’s exports are not only raw materials but also processed goods to allow the country earn more foreign exchange.

    Adeosun who noted that Nigeria’s export is not raking in enough foreign exchange as it ought to said concerted efforts are ongoing to ensure that raw materials are processed for added value before they are exported out of the country.

    Speaking at the […]

  • Governors urge Adeosun to release ecology funds

    Governors urge Adeosun to release ecology funds

    It was gathered that the Chairman of the Nigerian Governors’ Forum, Abdulaziz Yari, on Tuesday led governors of six states to a meeting with the Minister of Finance, Mrs. Kemi Adeosun, and the Governor of the Central Bank of Nigeria, Mr, Godwin Emefiele, over some issues relating to the management of the ecology fund.

    The state governors that accompanied Yari to the closed door meeting are the the governors of Imo State, Rochas Okorocha; Kaduna, Mallam Nasir El-Rufai; Osun, Rauf Aregbesola; […]

  • How we will spend $29.96bn loan – Adeosun explains

    How we will spend $29.96bn loan – Adeosun explains

    According to reports, the Federal Government says that within the next three years, it plans to borrow $29.96bn from the World Bank, African Development Bank, and Japan International Co-operation Agency.

    The other international financial agencies it plans to borrow the money from are Islamic Development Bank and China EximBank.

    The Minister of Finance, Mrs Kemi Adeosun, gave details of the loan in Abuja on Thursday in a statement by her Special Adviser, Mr. Festus Akanbi.

    President Muhammadu Buhari on Tuesday forwarded a request […]

  • Buhari does not hate women, says Adeosun

    Buhari does not hate women, says Adeosun

    Finance minister Kemi Adeosun has dismissed insinuations of President Muhammadu Buhari being a hater of women even as she Friday said that the administration has pumped in the last four months pumped an unprecedented N720 billion to boost infrastructure.

    Mrs. Adeosun who disowned dates attributed to her on when the nation would come out of recession said economic growth would depend on global oil prices and how the economy responds to the spending stimulus fashioned out by the administration. Among the […]

  • FG’s commitment to accountability, transparency non-negotiable, says Adeosun

    FG’s commitment to accountability, transparency non-negotiable, says Adeosun

    According to reports, the Finance Minister, Mrs. Kemi Adeosun, has explained that the current administration’s commitment to accountability and transparency is non-negotiable.

     

    She spoke at the opening of the 46th Annual Conference of the Chartered Institute of Nigeria (ICAN).

    The minister urged the institute to ensure that accountability and transparency remain the watchword of its members.

    According to her, the government’s open door policy and timely release of vital information would continue.

    The need for professionalism, she said, was needed to join forces with […]

  • FG has released N3.9trn of 2016 budget, says Adeosun

    FG has released N3.9trn of 2016 budget, says Adeosun

    According to reports, the Minister of Finance, Mrs. Kemi Adeosun, has said that at the end of September, N3.9tn out of the N6.1tn budgeted for the year has been released.

    The Director Special Projects in the ministry, who represented the minister, Mr. Mohammed Dikwa, a stakeholders’ forum on reducing the cost of governance in Abuja on Tuesday said only 18 per cent of the releases was for capital expenses against 82 per cent for recurrent expenditure.

    In a paper, “Public Sector Financial […]

  • Emefiele, Adeosun allay concern over disharmony between CBN, Finance Ministry

    Emefiele, Adeosun allay concern over disharmony between CBN, Finance Ministry

    The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said there is no disharmony between the bank and Ministry of Finance.

    Speaking at a press briefing in Washington DC, United States, Emefiele said both the monetary and fiscal authorities were working hand-in-hand to get the much desired growth needed to get Nigeria out of recession, and towards much needed growth.

    In September, the Minister of Finance, Kemi Adeosun, said the fiscal authorities were in need of low interest rates, […]