FG uncovered 45,000 ghost workers via BVN integration – Former Minister of Finance, Kemi Adeosun
Former Finance Minister, Kemi Adeosun, has shared how the Nigerian government uncovered thousands of fake workers on its payroll by using the Bank Verification Number (BVN) system. She made this known during a talk at the Citadel School of Government Dialogue in Lagos. She explained that paying salaries was one of the government’s biggest expenses, […]
Nigeria’s N152tn debt largely inherited – Edun tells Senate
The Minister of Finance, Wale Edun, told the Senate that Nigeria’s N152 trillion debt is mostly inherited, with only about N20 trillion borrowed since 2023. Exchange rate fluctuations also increased the naira value of foreign loans, contributing to the debt growth. Edun explained that the proposed N58.472 trillion 2026 budget focuses on growth-enhancing projects aimed […]
Protest rocks federal ministry of finance over unpaid allowances, emoluments
Workers from the Trade Union Congress (TUC) are currently protesting at the Federal Ministry of Finance building in Abuja, Nigeria’s capital city. The protest is about unpaid allowances owed to many workers. Most of these workers belong to the Trade Union Congress, which is led by Festus Osifo. When reporters arrived at the scene, they […]
Lawyers storm Finance Ministry, demand probe of Mele Kyari’s $4bn refineries spending
A group of Nigerian lawyers has asked the Ministry of Finance to investigate Mele Kyari, the former Group Chief Executive Officer of the Nigerian National Petroleum Corporation Limited (NNPCL). They want a special judicial commission to look into how Kyari spent over $4 billion on repairing the country’s refineries. The lawyers, working under the name […]
NASS summons Finance, Budget ministers over paltry allocation to Solid minerals sector
The National Assembly has raised concerns about the poor budget allocation to Nigeria’s solid minerals sector for 2025. To address the issue, the Minister of Finance and Coordinating Economy, Wale Edun, the Minister of Budget, Senator Abubakar Bagudu, and the Director-General of the Budget Office, Tanimu Yakubu, have been summoned to appear before a joint […]