• Having Polytechnic graduate as Finance Minister is begging for recession – Reno Omokri

    Having Polytechnic graduate as Finance Minister is begging for recession – Reno Omokri

    Former Special Assistant to ex-President, Goodluck Jonathan on New Media, Reno Omokri, has said the country is going through recession because of those President Buhari appointed to form his cabinet.

    He blamed the president for appointing ministers who are not worthy of the position, saying instead of concentrating more on the business of governance, Buhari is more committed to reading and watching cartoons.

    Omokri, on his Facebook page wrote: “When you have someone who graduated with a BSc from a polytechnic (University […]

  • N700bn Bail-out Fund, Reps Threaten Sanction Against CBN Governor Finance Minister

    N700bn Bail-out Fund, Reps Threaten Sanction Against CBN Governor Finance Minister

    According to reports, the House of Representatives yesterday threatened to invoke it’s constitutional powers against the Minister of Finance, Kemi Adeosun, Central Bank Governor, Godwin Emefiele and the Director General of the Debt Management Office (DMO), Dr. Abraham Nwankwo.

    Chairman of the ad-hoc committee of the House, investigating the disbursement and utilisation of Federal government’s bail-out funds, Hon. Sadiq Ibrahim, issued the threat message while receiving representatives of the three government establishments.

    The committee noted that the representatives were not competent enough […]

  • President Zuma falls asleep during Finance Minister’s mid-term budget speech (Video)

    President Zuma falls asleep during Finance Minister’s mid-term budget speech (Video)

    Parliament’s cameras caught South African President Jacob Zuma sleeping an hour and 14 minutes into Finance Minister Pravin Gorhan’s mid-term budget speech on Wednesday, October 26th.

    Parliament’s cameras caught South African President Jacob Zuma sleeping an hour and 14 minutes into Finance Minister Pravin Gorhan’s mid-term budget speech on Wednesday, October

  • FG releases N3.9tr to MDAs – Finance Minister

    FG releases N3.9tr to MDAs – Finance Minister

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

    Mr Mohammed Dikwa, Director, Special Projects in the ministry, who represented the minister, made the statement at a stakeholders’ forum on reducing the cost of governance in Abuja.

    In a paper entitled: ‘Public Sector Financial Management Reforms as a Strategy for Cutting Cost of Governance in Nigeria’’, Adeosun said only 18 per cent of the […]

  • Nigeria already getting out of recession – Finance Minister

    Nigeria already getting out of recession – Finance Minister

    According to reports, the Minister of Finance, Mrs. Kemi Adeosun, has said the country is already getting out of the economic recession, given the pragmatic approaches the Federal Government is taking to reverse the trend.

    She said this on Wednesday while fielding questions from journalists at the end of a two-day National Council of Finance and Economic Development conference held at the Green Legacy Resort, Olusegun Obasanjo Presidential Library, Abeokuta.

    It was held in conjunction with the Federal Ministry of Finance with […]

  • President sacks Finance Minister over economic crisis

    President sacks Finance Minister over economic crisis

    Angolan President Jose Eduardo dos Santos on Monday sacked his finance minister Armando Manuel, the presidency announced, as the country battles an economic crisis caused by sinking oil prices.

    No reason was given for the dismissal of the 44-year-old London-educated minister who has held the post for three years.

    He has been replaced by Augusto Archer de Sousa Mangueira, 53, who was chairman of the country’s Capital Markets Commission prior to the new appointment.

    The new minister takes over of struggling economy which […]

  • Nigerian economy, not in confusion – Finance Minister declares

    Nigerian economy, not in confusion – Finance Minister declares

    The Minister of Finance, Kemi Adeosun, on Wednesday declared that the Nigerian economy is not in confusion.

     

    Noting that the Nigeria economy has been heading to recession in the past six years, she however said that the economy is presently in the right hands.

    She spoke with State House correspondents at the end of the Federal Executive Council (FEC) meeting presided by President Muhammadu Buhari.

    Adeosun was accompanied to the briefing by the Ministers of Agriculture, Audu Ogbeh; Mines and Steel Development, Kayode […]

  • Revealed! 12 Things President Buhari’s FG is Doing to Revive Nigerian Economy – Finance Minister

    Revealed! 12 Things President Buhari’s FG is Doing to Revive Nigerian Economy – Finance Minister

    The Minister of Finance on Thursday, have enumerated 12 policies the President Buhari-led federal government is putting in place to reverse the dwindling nation’s economy.

    During her appearance before the Nigerian Senate as she was fielded questions from lawmakers today in Abuja, the Minister of Finance, Kemi Adeosun, enumerated not less than a dozen policies the President Muhamamdu Buhari-led administration is putting in place to reverse the worrisome trend of the naton’s economy.

    According to reports, the key areas Adeosun highlighted as […]

  • Finance minister, Kemi Adeosun must appear before Senate – Saraki

    Finance minister, Kemi Adeosun must appear before Senate – Saraki

    Finance Minister, Mrs. Kemi Adeosun, was Wednesday asked to appear before the Senate on Thursday to brief the upper chamber about measures the Federal Government is taking to shore up the country’s dwindling economy.

    The directive followed the failure of the minister to brief the Senate on Wednesday as scheduled.

    Senate Leader, Mohammed Ali Ndume, informed the Senate in plenary that Adeosun sent a message that she was held up at the Federal Executive Council meeting and therefore could not attend the […]

  • Finance Minister, Kemi Adeosun, appears before House of Rep members … Photos

    Finance Minister, Kemi Adeosun, appears before House of Rep members … Photos

    In continuation of the House of Representatives debate on diversification of the Nigerian economy, Minister of Finance, Kemi Adeosun appeared before the lawmakers today May 26th. She spoke on issues relating to Nigeria’s financial sector and growing the economy in ways other than the oil sector.

    In continuation of the House of Representatives debate on diversification of the Nigerian economy, Minister of Finance, Kemi Adeosun appeared before the lawmakers today May 26th. She spoke on issues relating to […]

  • Why we can’t fix economy now – Finance Minister shares reasons

    Why we can’t fix economy now – Finance Minister shares reasons

    Finance Minister Kemi Adeosun has called on Nigerians to be patient with the Muhammadu Buhari administration as it battles to stimulate the economy again.

    Speaking yesterday on Channels Television’s breakfast programme, Sunrise Daily, the Adeosun said the damage done to the Nigerian economy will require some painstaking efforts to remedy.

    She said it was against this background that the Federal Government’s recent visit to China can be considered a huge success as it afforded the country the opportunity to borrow from the […]