Senator Udoma Udo Udoma

FG saves N283.5b from fuel subsidy removal in six months

November 22, 2016 Amurun KelvinLeave a Comment

The Federal Government said it has saved N283.5billion from removal of fuel subsidy more than six month ago. Speaking at a KPMG Breakfast Meeting with Chief Financial Officers in Lagos on Monday, the Minister of Budget and National Planning, Senator Udoma Udo Udoma, stated that “we have reduced losses to the treasury arising from the […]

FG plans to raise $2 billion from concession of rail line

September 21, 2016 Amurun KelvinLeave a Comment

The federal government plans to raise $2 billion through the concession of the existing Lagos-Kano/Port-Harcourt-Maiduguri rail line, the Minister of Budget and National Planning, Senator Udoma Udo Udoma, has said. He spoke in Abuja just as the Minister of Finance, Mrs Kemi Adeosun, called for the lowering of interest rate to boost economic growth. Udoma, […]