{"id":23564,"date":"2020-04-06T15:36:42","date_gmt":"2020-04-06T15:36:42","guid":{"rendered":"https:\/\/www.africa-press.com\/nigeria\/?p=23564"},"modified":"2020-04-06T15:36:42","modified_gmt":"2020-04-06T15:36:42","slug":"buhari-orders-withdrawal-of-150m-from-nsia-account","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-orders-withdrawal-of-150m-from-nsia-account","title":{"rendered":"Buhari orders withdrawal of $150m from NSIA account"},"content":{"rendered":"<p>President Muhammadu Buhari has ordered that $150 million be withdrawn from the National Sovereign Investment Authority (NSIA).<\/p>\n<p>The Minister of Finance, Budget and National Planning, Zainab Ahmed, revealed this while speaking with journalists in Abuja.<\/p>\n<p>According to her, the withdrawal would be made from the NSIA stabilization fund, to augment disbursements to the three tiers of government by the Federation Accounts Allocation Committee (FAAC).<\/p>\n<p>She said: \u201cOur experience shows that monthly average FAAC receipts should be at N650 billion to allow the federal and state governments meet their current obligations in a healthy manner.<\/p>\n<p>\u201cUnfortunately, we project that monthly receipts may decline to as low as N400 billion over the next three to six months. To address this emerging fiscal risks, the president has approved that the sum of $150 million be withdrawn from the Nigerian Sovereign Investment Authority stabilization fund to support the 2020 FAAC disbursements.<\/p>\n<p>\u201cThe fund was created for such emergencies and is to be utilized for this purpose.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Muhammadu Buhari has ordered that $150 million be withdrawn from the National Sovereign Investment Authority (NSIA). The Minister of Finance, Budget and National Planning, Zainab Ahmed, revealed this while speaking with journalists in Abuja. According to her, the withdrawal would be made from the NSIA stabilization fund, to augment disbursements to the three tiers [&hellip;]<\/p>\n","protected":false},"author":62,"featured_media":15996,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[97,158],"class_list":["post-23564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-buhari","tag-presidency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Buhari orders withdrawal of $150m from NSIA account - Nigeria<\/title>\n<meta name=\"description\" content=\"President Muhammadu Buhari has ordered that $150 million be withdrawn from the National Sovereign Investment Authority (NSIA).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-orders-withdrawal-of-150m-from-nsia-account\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buhari orders withdrawal of $150m from NSIA account\" \/>\n<meta property=\"og:description\" content=\"President Muhammadu Buhari has ordered that $150 million be withdrawn from the National Sovereign Investment Authority (NSIA).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-orders-withdrawal-of-150m-from-nsia-account\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-06T15:36:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/2019\/09\/buhari-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"941\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"alico\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"alico\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-orders-withdrawal-of-150m-from-nsia-account#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-orders-withdrawal-of-150m-from-nsia-account\"},\"author\":{\"name\":\"alico\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7\"},\"headline\":\"Buhari orders withdrawal of $150m from NSIA account\",\"datePublished\":\"2020-04-06T15:36:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-orders-withdrawal-of-150m-from-nsia-account\"},\"wordCount\":167,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-orders-withdrawal-of-150m-from-nsia-account#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/2019\/09\/buhari-1.jpg\",\"keywords\":[\"Buhari\",\"Presidency\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-orders-withdrawal-of-150m-from-nsia-account#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-orders-withdrawal-of-150m-from-nsia-account\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-orders-withdrawal-of-150m-from-nsia-account\",\"name\":\"Buhari orders withdrawal of $150m from NSIA account - 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