Tag: Zainab Ahmed
Nigeria’s Finance Minister, Zainab Ahmed says the country will cut its budget due to declining and volatile oil prices. Nigeria's 2020 budget benchmark for oil was earlier set at $57 a barrel. Bismark Rewane, CEO of Financial Derivatives joins CNBC Africa to in on weigh the impact of latest dynamics on Nigeria’s economy.
Nigeria's Minister of Finance, Budget and National Planning, Zainab Ahmed says the 2020 budget may be revised if government revenues are significantly impacted by the coronavirus outbreak. Meanwhile, CFG Advisory is recommending a major policy overhaul for Nigeria to reduce its revenue vulnerabilities and budget deficits. Tilewa Adebajo the CEO of CFG Advisory who was also a former Senior Technical Adviser to the Minister of Industry Trade and Investment joins CNBC Africa for more.
Nigeria recorded an economic growth of 2.55 per cent in the fourth quarter of 2019, its highest quarterly growth since the 2016 recession. Zainab Ahmed, Nigeria’s Minister of Finance, Budget and National Planning joins CNBC Africa’s Esther Awoniyi for a focus on Africa’s largest economy.
Sustainable Development, Sustainable Debt: Zainab Ahmed: Nigeria not anywhere near debt distress levels
Nigeria's Minister of Finance, Budget and National Planning, Zainab Ahmed says it is very important for African countries to balance the need between development and debt sustainability. She also stressed that Nigeria is not anywhere near debt distress levels when asked about the government's recent borrowing plans. CNBC Africa's Kenneth Igbomor caught up with Zainab Ahmed in Dakar at International Monetary Fund’s (IMF) international conference on Sustainable Development and Debt Sustainability.
Calls for exhaustive dialogue continue to trail the passage of Nigeria’s Finance Bill 2019. Taiwo Oyedele, Partner and West Africa Tax Leader at PwC Nigeria, says the bill is in line with global best practices and offers potential positive impact for Nigeria’s economy. He joins CNBC Africa’s Christy Cole on the side-lines of the Executive Session on Finance Bill and Tax Strategy where Nigeria’s Finance Minister, Zainab Ahmed convened with stakeholders to discuss the country’s 2019 Finance Bill.
Despite concerns on the state of Nigeria’s debt, the country’s Finance Minister Zainab Ahmed, has said that Nigeria has a revenue problem and not a debt problem. Egie Akpata, Director of Union Capital Markets joins CNBC Africa for more.
Nigeria's Finance Minister Zainab Ahmed says Nigeria's debt profile increased by design as the ERGP was designed to borrow more in the first two years, but lagging government revenues is impacting the ability to service the repayment of debt obligations. CNBC Africa's Wole Famurewa caught up with her at the Nigeria Economic Summit in Abuja to discuss this and more.
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