Lessons from Adeosungate
Nigeria’s former Minister of Finance (2015-2018), Kemi Adeosun threw in her letter of resignation on Friday, September 14, to bring to a temporary closure, the public outcry and the embarrassment that her possession of a fake National Youth Service Corps Exemption Certificate had generated since July when it was first reported. Her letter of resignation […]
Finance Minister Adeosun Resigns Over Forgery Claims
Adeosun, a top cabinet member and a former investment banker who promoted the government’s policy to boost growth following a recent recession, said in a statement that she believed she was exempt from the service scheme but felt bound to resign because of the administration’s “focus on integrity.” Allegations that Adeosun had used a forged […]
Gas Flaring Law Error Cost Nigeria Billions of Dollars
Africa’s top oil producer plans to make gas flaring more costly for companies that have escaped the payment of billions of dollars despite being fined, Nigeria’s Finance Minister Kemi Adeosun said. In the “legal framework for the gas-flaring penalty, it was drafted as a charge. A charge is tax-deductible” Adeosun said in a January 23 […]
Nigeria to Target Tax Defaulters in Bid to Spur Economy
Nigeria’s finance minister plans to drag tax defaulters who don’t make use of an amnesty to court as she seeks funds to plug the nation’s $25 billion infrastructure gap. In the nine months of reprieve ending March, some penitent taxpayers have said “you got me” and cleared arrears without paying interest and or penalties, Kemi […]
FG Secures N3.38bn AfDB Loan For Potatoes Production
This was disclose by the Minister of Finance, Kemi Adeosun, while briefing State House correspondents on the outcome of the Federal Executive Council (FEC) meeting presided over by Acting President Yemi Osinbajo in Abuja on Wednesday. She said the loan has 25 years repayment plan with a moratorium of five years at the rate of one percent. […]
Nigeria Needs Aggressive Tax Revenue Generation to Drive Growth
The Minister of Finance, Kemi Adeosun, says Nigeria needs to focus on aggressive tax revenue generation to drive economic growth. A statement signed by Festus Akanbi, Mrs. Adeosun’s media aide, said the minister gave the advice during a Finance Ministers ‘ meeting convened by the G 24 Group at the ongoing IMF/ World Bank Spring […]
Finance Minister Says Country Needs To Tap Its Non-Oil Revenues
Nigeria plans to get out of recession by boosting government revenues and cracking down on corruption, Finance Minister Kemi Adeosun said on Thursday, and will also issue more international debt to pay for infrasturcture projects. The country is in its second year of recession, brought on by lower oil prices, which have slashed government revenues, […]
Nigeria Ranks 64th On Minority Shareholders’ Interest Index
Finance Minister, Kemi Adeosun, yesterday, described as gladdening Nigeria’s 64th ranking among 140 countries on the protection of minority shareholders interest, comparing favourably with China, 71st; Brazil, 78th; and Russia 116th respectively in the latest World Economic Forum ranking index of 2013/2016. The World Economic Forum index ranks countries yearly based on the strength of […]
Nigeria Is Not Sick, We Don’t Need Your Loan – Finance Minister Tells IMF
Nigeria, which is going through its worst economic crisis in years, has not turned to the International Monetary Fund (IMF) for financial assistance because it is “not sick”, its finance minister said. The economy grew 2.8 percent last year, its slowest pace in decades, and in March annual inflation rose to a near four year […]
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