Stopping the accursed $22b loan bid
By Chido Nwakanma Relief has been the dominant emotion on news that the Federal Government has halted the ill-fated quest for a $22.7b foreign loan to tackle what it called infrastructure projects. Finance Minister Mrs Zainab Ahmed announced the decision…
(Special Report) On the other ‘Coronavirus’ veiled with Chinese loans
Whereas the Federal Government continues to insist on borrowing more from China either the Central bank of China or the sister China-Exim Bank for another $17bn loan, experts have continued to ask questions on where are all the recovered loots…
Fight for Stamp Duty collection gets messier between two ministers
The official fight for the soul of the apparently irrelevant Nigerian Postal Service (NIPOST) over who controls collection of Stamp Duty for the Federal Government took a different dimension weekend as the Minister of Communications and Digital Economy, Dr Isa…
Dangote, others leveraging on TCS to reconstruct 19 federal highways—Minister
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, in Lagos on Sunday disclosed that 19 major federal highways are currently under reconstruction by some private sector investors who are leveraging on the federal government’s called Tax Credit…
Dangote Refinery to save Nigeria’s $10bn annual petroleum products imports—Minister
Ahead of 2023 new deadline for end of refined petroleum imports given recently by the GMD of NNPC, Mr Mele Kyari, the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, Sunday disclosed in Lagos that “We are very…
Inflationary trend may force FG to open borders sooner than planned
Following its admittance that the border closure regime is responsible for the observed hyper inflationary trend currently rocking the fragile economy, indications are rife that the Federal Government may be left with no other option than to fast track diplomatic…
Policy abandonment as Minister mulls new broad dev plan, silent on ERGP
What appears to suggest possible abandonment of the Economic Recovery and Growth Plan (ERGP) introduced by the current administration during its first term (2015-2019) as development plan may have been dumped has emerged. This is deduced from the maiden address…
Delays in forming cabinet threaten FG’s $1bn World Bank loan request on power
More casualties in the Nigerian power sector have continued to emerge from the delayed appointment of ministers by President Muhammadu Buhari, since his second term inauguration on May 29, 2019. First was the inability of the National Council on Privatization…
$1bn loan: TCN’s revelations on Gencos, Discos send warning signal to W’Bank
Barely two weeks after the Minister of Finance, Mrs Zainab Ahmed met with officials of the World Bank for $1bn power sector revival loan at the Spring Meeting of the bank and IMF in New York, the Managing Director/Chief Executive…
FG dumps ease of doing business, targets fiscal policies to protect investors
Strong indications emerged weekend suggesting apparent abandonment of the campaign for the growth of ease of doing business and greater emphasis on deploying fiscal policies that protect emerging industries and encourage investments in critical sectors of the economy. Minister of…
