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Nigeria s contributory pension hits N14 5trn

Reps reject PENCOM s report on remittance of N1bn out of N20 7bn revenue generated in 2021

The House of Representatives, on Thursday, rejected the financial statement of the National Pension Commission (PENCOM) for remitting

Zainab Ahmed: Capital market can provide funds needed for government projects

Zainab Ahmed: Capital market can provide funds needed for government projects March 11 Advertisement Ahmed was speaking on Thursday at the 5th Budget Seminar organised by the Security Exchange Commission (SEC). NAN reports that the programme was themed ‘Financing Nigeria’s Budget and Infrastructure Deficits through the Capital Market’. The finance minister emphasised the importance of the capital market as a channel through which government budget and economic infrastructure deficits can be financed. Advertisement “Past experiences have shown that the capital market has been supportive in providing the necessary funds to finance governments’ projects,” Ahmed said. “The budget is N13.95 trillion, capital expenditure of N4.37 trillion amounting to 32.2 percent of the total expenditure and overall deficit of N5.6 trillion to be financed by almost equally domestic and foreign sources.

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