FG, STATES, LGs SHARE N429.127 BILLION AS FEBRUARY 2017 ALLOCATION
The Federal Government, States and Local Government Councils have shared a total of N429.127 billion federal revenue generated for the month of February 2017. The N429.127 billion was lower than the N465.149 shared in January by N36.022 billion. Read More»
ADEOSUN CLARIFIES PARIS CLUB REFUND
The Minister of Finance has deemed it necessary to address the issue of Paris Club Refunds and wishes to assure the public that the Federal Government has consistently complied with all extant rules and regulations in the disbursement of the Paris Club refunds to State Governments. Read More»
FG LAUNCHES ACCOUNTING SOFTWARE TO ENHANCE ACCOUNTABILITY, FISCAL AND FINANCIAL DISCIPLINE
As part of ongoing measures to improve Public Financial Management across all levels of Government, the Federal Government has developed an IPSAS Compliant accounting software suite “OneBook”, aimed at enhancing efficiency, accountability, and transparency. Read More»
FINANCE MINISTER BROKERS RESOLUTION TO NAICOM/PENCOM DISPUTE OVER ANNUITY ASSETS
The Minister of Finance, Mrs. Kemi Adeosun, has intervened and brokered a resolution to the dispute between the National Pension Commission (PenCom) and the National Insurance Commission (NAICOM). Read More»
GHOST WORKERS: FINANCE MINISTER URGES CBN TO EXTEND BVN TO MICROFINANCE BANKS
The Minister of Finance, Mrs. Kemi Adeosun, has strongly solicited the cooperation of the Central Bank of Nigeria (CBN), in extending the requirement for Bank Verification Number (BVN) to account holders in Microfinance Banks (MFBs). Read More»
FG TRACKS ASSETS HELD BY MDAS, CREATES ASSETS REGISTER
The Federal Government has launched an Asset Tracking and Management Project (ATMProject), through which for the first time, the Government would be able to locate, identify, assess and evaluate all its moveable and immoveable assets. Read More»
APPROVAL OF THE REVISED NATIONAL TAX POLICY BY THE FEDERAL EXECUTIVE COUNCIL
OPEN DATA FOR AFRICA INITIATIVE
Link to Open Data For Africa Initiative External
FG APPROVES IMMEDIATE PAYMENT OF N407 BILLION TO OIL MARKETERS TO END FUEL SCARCITY
- Written by Administrator2
The Minister stated that the President has directed that payments be made immediately in order to bring to a quick end the lingering fuel crisis which has caused great suffering to Nigerian families and businesses.
She also said that despite dwindling revenues, the government is committed to ensuring continuous availability of fuel to Nigerians. The payments include arrears from the 2014 financial year as well as payments for the current year. It is expected that the recipients would ensure adequate supply of fuel to end the persistent fuel shortage in the nation.
With this action which shows that government is fully committed to meeting its financial obligations in respect of fuel subsidy, the Minister further implored the major oil marketers to reciprocate the action by doing all they can to bring the fuel scarcity to an end.
Details of the approved payments under the subsidy scheme will be published in the national dailies as has been the practice.
Federal Ministry of Finance