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Farooq

Posts Tagged "kemi adeosun"

HomePosts Tagged "kemi adeosun"

Kemi Adeosun, minister of finance, says the federal government will spend $3 billion refinancing debts from the administration of former President Goodluck Jonathan. She said this while featuring on an Arise TV programme. The minister also said the $5.5 billion loan which President Muhammadu Buhari is seeking to get the approval of the national assembly for, is […]

Oyetunji Abioye, Washington DC The Minister of Finance, Mrs. Kemi Adeosun, on Sunday, said the nation must borrow more in the short term to deliver critical infrastructural projects such as roads, rail and power. According to her, Nigeria currently has one of the lowest debt-to-Gross Domestic Product figures in the world and the administration has […]

Ifeanyi Onuba, Abuja The Minister of Finance, Mrs. Kemi Adeosun, on Monday confirmed the release of the sum of N350bn to Ministries, Departments and Agencies of the Federal Government for the implementation of capital projects contained in the 2017 budget. She confirmed the development exclusively to our correspondent during a telephone interview. The 2017 budget, […]

Kemi Adeosun, minister of finance, says less than 20% of contractors paid by the federal government and its agencies state the income received in their tax returns. Adeosun, who made this known in a statement released on Wednesday, said the lapse was discovered following the sampling exercise carried out by the ministry of finance. She […]

Revenue shared by the federal, states and local governments slumped to N467.8 billion in August, N184.2 billion less than the N652 billion shared in July. Kemi Adeosun, minister of finance, said the shared amount was inclusive of value added tax (VAT) of N80.53 billion — a fall from N81.6 billion in July. In the breakdown […]

Kemi Adeosun, minister of finance, says the federal government has signed a policy to tax first class and business class air tickets alongside other luxury goods. Fielding questions from Nigerians on Thursday morning, via Facebook, the minister was asked what her thoughts were on taxing first class tickets and luxury coaches, and she said “I […]

Ifeanyi Onuba, Abuja The Minister of Finance, Mrs. Kemi Adeosun, on Thursday said that the Federal Government was currently profiling high net worth individuals to ensure that what they currently own as assets correspond with the amount they were paying as taxes. She said this via a video posted on her Facebook page where she […]

Ifeanyi Onuba, Abuja The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday said that 55 per cent of the revenue generated by the Federal Government from Value Added Tax receipts was being collected from Lagos State. Adeosun, according to an online publication, TheCable, said this during a meeting with members of the Progressive Governors’ Forum […]

Kemi Adeosun, minister of finance, says the Muhammadu Buhari-led administration recovers stolen funds on a daily basis. Adeosun, who made this known while speaking on a programme on African Independent Television (AIT), did not state how much has been recovered by the Buhari-led administration so far. “It’s a process that we are reconciling and I’m […]

Femi Asu with agency report Against the backdrop of the nation’s rising debt profile, the Minister of Finance, Mrs. Kemi Adeosun, has said the Federal Government must not borrow more to fund its budget. Adeosun said the government should instead raise the money needed by other means, calling into question planned foreign loans of $2bn […]