• Kemi Adeosun, has reassured Nigerians, economic programmes will return the country to growth.

    Kemi Adeosun, has reassured Nigerians, economic programmes will return the country to growth.

    The Minister of Finance, Kemi Adeosun, has reassured Nigerians that a cocktail of economic programmes being pursued by the current administration will definitely return the country to growth.

    Speaking on the topic ‘Changing the Growth Narrative: Growth will Return’, at the Ecobank Nigeria’s Customer Forum in Lagos at the weekend, the Minister said such programmes will achieve, among others, increased efficiency in government expenditure and increase in government revenue.

    The Minister pointed out that the impact of the decline in the nation’s […]

  • SHOCKING!! I don’t know when recession will end – Minister of Finance, Kemi Adeosun

    SHOCKING!! I don’t know when recession will end – Minister of Finance, Kemi Adeosun

    The Minister of Finance, Mrs. Kemi Adeosun, has declared that she does not know when the economic recession in Nigeria will end.

    Her statement is coming barely one week after the Central Bank of Nigeria governor, Godwin Emefiele stated that the country would come out of recession before December.

    Emefiele had said, “We are already in the valley, the only direction is to go up the hill and the government is doing everything possible to ensure that we move up the hill. […]

  • How Governors endorsed FG’s recession exit strategy after collecting N50bn

    How Governors endorsed FG’s recession exit strategy after collecting N50bn

    The jobs of Minister of Finance Mrs. Kemi Adeosun and Minister of Budget and National Planning, Senator Udoma Udo Udoma, are safe for now, except President Muhammadu Buhari decides otherwise.

    An indication of this emerged on Thursday at the National Executive Council, NEC, meeting held at the Presidential Villa, and presided over by Vice President, Prof Yemi Osinbajo, SAN.

    NEC is composed of Governors of all 36 states of the federation and the Central Bank of Nigeria, CBN, Governor.

    The Vice President is […]

  • Breaking news : Governors pass vote of confidence on Udoma, Adeosun

    Breaking news : Governors pass vote of confidence on Udoma, Adeosun

    Nigerian governors today passed a vote of confidence on the minister of Budget and National Planning, Senator Udoma Udo Udoma and her finance counterpart, Mrs. Kemi Adeosun, saying they were not responsible for plunging the country into recession.

    The governors’ position rubbishes the National Assembly’s call for the removal of the two ministers, whom they accused of not knowing what to do in order to bail the nation out of the economic straits.

    The governors, who passed their implicit confidence on the […]

  • PDP Blasts Adeosun Over Airport Remodelling Payment Under Jonathan

    PDP Blasts Adeosun Over Airport Remodelling Payment Under Jonathan

    The Peoples Democratic Party, PDP, has lambasted the Minister of Finance, Ms. Kemi Adeosun for denying that Nigeria has paid its own part of the Airport Terminal counterpart funding of $100 million.

    The party said contrary to the statement credited to Adeosun, who spoke in a television programme, Sunrise, on Tuesday, the federal government under former President Goodluck Jonathan awarded a contract for the remodelling and building of international airport terminals in Lagos, Abuja, Port Harcourt, Kano and Enugu on a […]

  • Economic recession: Dino Melaye says Minister of Finance, Kemi Adeosun is incompetent

    Economic recession: Dino Melaye says Minister of Finance, Kemi Adeosun is incompetent

    Dino Melaye was a guest on Channels TV yesterday where he said that the Minister of Finance, Kemi Adeosun, was incompetent to manage an economy like Nigeria.

    “She has appeared before the senate on two occasions and from my own personal assessment, she does not have the competence, the wherewithal. You begin to ask yourself how many million dollars portfolio has she handled or managed before becoming a Minister of Finance.

    A Minister of Finance, especially for an economy like Nigeria needs […]

  • Buhari, the barking is over, it’s time to bite – Dino Melaye…seeks sack of Udoma, Adeosun, Emefiele

    Buhari, the barking is over, it’s time to bite – Dino Melaye…seeks sack of Udoma, Adeosun, Emefiele

    Deeply worried by the poor state of the economy which has brought unprecedented hardship and hunger on the masses of the Nigerian people, a federal lawmaker, Senator Dino Melaye (APC Kogi West) has called on President Muhammadu Buhari to take urgent and drastic measures, including the immediate sack of three prominent members of his Economic Team as the solution-precedent to reboot the ailing economy.

    In a Statement in Abuja Sunday, Melaye said the President must shake up his Cabinet, and accused […]

  • Finance minister: this is our worst possible time

    Finance minister: this is our worst possible time

    The full picture of Nigeria’s economic gloom was laid bare yesterday.

    The National Bureau of Statistics (NBS) released its indices which showed that the economy had contracted for the second consecutive quarter.

    Finance Minister Kemi Adeosun, speaking after the Federal Executive Council (FEC) meeting in Abuja, described the country as being in its “worst possible time”, but stressed there is a silver lining.

    In its second quarter report, the NBS put the inflation rate at 17.1 per cent, It said the Gross Domestic […]

  • Why we’re borrowing to build infrastructure – Kemi Adeosun explains

    Why we’re borrowing to build infrastructure – Kemi Adeosun explains

    The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday, explained that the Federal Government opted for a conservative borrowing plan to fund the critical sectors of the economy and to ensure that future generation is not saddled with the burden of debt payment.

    The Minister, who described borrowing as inevitable in view of current realities of the nation’s economy, spoke at a town hall meeting/policy dialogue for good governance organised by the Alumni Association of the National Association of the National […]

  • FG to start international borrowing in Q3 – Kemi Adeosun

    FG to start international borrowing in Q3 – Kemi Adeosun

    The Federal Government will start borrowing abroad in the third quarter, the Minister of Finance, Mrs. Kemi Adeosun, has said.

    This is coming barely one week after the Central Bank of Nigeria floated the naira completely on the official interbank market.

    The Federal Government has said it is planning to borrow up to $10bn, with about half of that coming from foreign sources, to help make up a budget shortfall exacerbated by a slump in oil prices, Reuters reported.

    Adeosun met international investors […]