Govt’s funding problems’ll continue this year — Finance minister

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

The huge funding gap of the Federal Government occasioned by the crash in crude oil prices would continue this year, the Minister of Finance, Budget and National Planning, Zainab Ahmed, has said.

Ahmed said that although the trend might not persist beyond 2021, the COVID-19 pandemic had continued to disrupt economic activities in Nigeria and across the world.

“The lockdowns of 2020 and the associated reduction in economic activities during those periods are expected to bear negatively on companies’ 2021 taxable profits. Ahmed observed that many people were struggling to provide food and other basic needs while a lot of businesses were struggling to keep their employees.

Drawing attention to the need for understanding the rationale behind government policy measures, Ahmed explained that the reasons were better understood within the context of the peculiar economic situation facing the country.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

You guys are just buying time as you guys lack ideas on how to resucitate your dear beloved country from total collapse.

Continue what?

Well, yes it would because NigeriaGov as well as you and your boss MBuhari continue to spend like the prodigal son or today's Yahoo Yahoo - spend foolishly like another largesse would land tomorrow. Fiscal responsibility and human capital development is the way to go

🙆🤦🙆🤦🙄

Things will get right in 2023 ..if only the individuals in the executive arm,judiciary arm, legislative arm,the military and the police (especially the military) starts being 'not greedy' , selfless and focus on wanting this country to develop and excel on all grounds..

Incompetent sets of people running the country.

And stop when?

...Not that there is no money but the greedy fools will jay keep being greedy

Pls kindly stop looting money all in the name of sharing money that has no prove of beneficiary if truth it’s a genuine project televised the disbursement process so all Nigerians can see just like construction project is televised thank you ma

Until competent people are in charge of the the country

E get one year wey e stop ❓

Good morning

One thing I like about this minster than predecessor is that she says the ways not twisting the narratives, though predecessor is more professionally Prudence in spending & know-how also cunning, but successor is bold & straight forwards, though bottomline is economy surpluses?

NigeriaGov has planned to fail in 2021.

Roadside Finance Minister

For references who want to find additional income or money from the internet. I hope it's useful and good luck everyone.

Then, find solution and stop whining. Almajiri Economist.

This women no dey tired ooo although na people dey enjoy the fund

But it won't affect your salary?🤷‍♂️🤷‍♂️

Nice

That na news? na today?

A Government that lacks vision is one that chases flies. That is reactive, rather than be visionary and proactive.

Creative thinking for IGR generation is lacking

Australia Australia Latest News, Australia Australia Headlines