The Fact Times

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10/01/2022

Ahmed, Treasury Tzar, Goes for Broke With Dust Raising Drink Tax
Nigeria is desperate for revenues. Its treasury does not have plenty of cash to provide for all its needs. The country is already highly geared on borrowing, both domestic and foreign, with also a high ‘ways and means’ exposure with the Central Bank of Nigeria (CBN), which is unaccounted for in the debt profile released by the Debt Management Office (DMO).
Nigeria has been running deficit budgets for years that it now seems like a normal thing in the government’s revenue and expenditure management framework.
Zainab Ahmed, the keeper of Nigeria’s purse and Treasury Tzar, has a portfolio which puts her on the line to answer a lot of questions on the state of the financial health of Nigeria. As minister of finance, budget and national planning, she could turn out to be one of the worst finance ministers Nigeria has ever had sitting atop the management of years of deficit budgeting, a depleted treasury, revenue shortfall, and economic plans that have produced results that citizens never get to feel or see...

https://www.businessamlive.com/ahmed-treasury-tzar-goes-for-broke-with-dust-raising-drink-tax/

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