Opinion

2018 Budget Saga: Between Buhari and Saraki

Ihesiulo Grace 27 June 2018 0

Finally, President Muhammadu Buhari has signed the 2018 Appropriations Law. The signing which happened on June 20 has generated a lot of controversies owing particularly to the observations which the president made at the signing ceremony, observations which were of great concern to patriotic

Business Headlines News

National vs Constituency projects: Controversy trails NASS cut on critical projects

Ihesiulo Grace 25 June 2018 0

* Experts express divergent views over 2018 Budget * It’s disservice to slash funds for impactful infrastructure in 6 geo-political zones- Fasua * ’No, lawmakers must take care of grassroots, correct imbalance’ Controversy has continued to trail the assented 2018 Budget by President Muhammadu Buhari. While some economists and financial analysts bemoaned the alterations

Business Headlines

FG gives breakdown, to finance deficit with N1.6trn loan

Ihesiulo Grace 22 June 2018 0

…Ministries with lion’s shares: …Power, Works & Housing – N715bn .Interior- N577bn .Defence- N576bn .Education- N542bn .Health- N356bn The Federal Government has said that it will borrow N1.643 trillion to finance the shortfall in the N9.12 trillion 2018 Budget, adding that the projected deficit is within threshold stipulated in the Fiscal

Headlines News

I was forced to sign N9.12trn 2018 budget into law – Buhari

Ihesiulo Grace 21 June 2018 0

…Faults N578bn padding by NASS …Decries budget cuts of key projects …Bemoans N14.5bn hike in NASS budget MASS: No, we’re not executive rubber stamp, padding justifiable President Muhammadu Buhari has said he was compelled to sign the 2018 Budget into law given the numerous insertions and alterations made in the budget by the National Assembly […]

Headlines News

1% Primary Healthcare fund for low income- PSN

Ihesiulo Grace 26 May 2018 0

* As group lauds NASS The President of the Pharmaceutical Society of Nigeria (PSN), Prof. Ahmed Yakassi, has reiterated that the one per cent Consolidated Revenue Fund (CRF) provision by the National Assembly for primary healthcare in the 2018 budget will directly benefit the poor in the country. Yakasai spoke when he led other executive […]

Business Headlines News

FG reappoints consortium of Banks to handle $2.5bn Eurobond

Ihesiulo Grace 8 February 2018 0

.Drops Lufthansa as adviser on national carrier establishment .Okays N483m for Immigration vehicles, painting The Federal Government has announced the reappointment of a consortium of banks including Citi Group, Standard Chartered, StanbicIBTC, Whitten-Case and African Practice to handle the $2.5 billion Eurobond – External Borrowing for refinancing of the deficit

Headlines News

Proposed minimum wage not captured in 2018 budget -Akabueze

Ihesiulo Grace 1 February 2018 0

The Director General of Budget Office of the Federation, Mr. Ben Akabueze, has said that the 2018 Budget cannot accommodate the minimum wage as proposed by the Nigeria Labour Congress (NLC). Akabueze however, said that the Federal Government might raise a supplementary budget to implement the new minimum wage if approved by the law. He […]

Headlines News

Reps faults interior ministry over budget duplication

Ihesiulo Grace 19 January 2018 0

The House of Representatives Committee on Interior on Thursday queried the duplication of computers and some other line items in the 2018 budget of the Ministry of Interior. The House committee discovered the duplication when officials of the ministry appeared before it to defend the budget proposals of the parent ministry and some of its […]

Business News

FG insists, no suspicious items in 2018 budget

Ihesiulo Grace 18 January 2018 0

The Federal Government has said that there are no suspicious items in the 2018 Budget as speculated by a few commentators. Some commentators have made observations and allegations that tend to suggest some line items and projects in the budget are suspicious. But the Ministry of Budget and National Planning, Senator Udoma Udo Udoma in […]

News

FG raises fresh concern over 2018 budget Implementation

Ihesiulo Grace 12 January 2018 0

…SGF alludes rise in political activities Secretary to the Government of the Federation (SGF) Boss Mustapha, on Thursday hinted that political activities expected to peak in the current fiscal year will undoubtedly affect the implementation of the 2018 budget of N8.612 trillion. Boss Mustapha dropped the hint at the National Assembly during a meeting he […]

News Opinion

2018 budget: Why senate may not pass Appropriation Bill – Senator Adeola

Ihesiulo Grace 4 January 2018 0

Senator Solomon Adeola, Chairman Senate Committee on Local Content, on Wednesday gave reasons why the Senate may not pass into law the 2018 Appropriation Bill presented to the National Assembly by President Muhammadu Buhari very soon. Adeola, who represents Lagos West at the Upper Legislative Chambers disclosed that the Senate may not pass the budget […]

News

2018 Budget: group raises the alarm on suspicious items

Ihesiulo Grace 21 December 2017 0

A budget monitoring advocacy organization, BudgiT has raised the alarm over certain items listed in the 2018 proposed Appropriation Bill which it described as suspicious and needed explanation to avoid the repeated experience of “budget padding.” The 2018 budget is currently being considered by the National Assembly and the group on Wednesday highlighted certain grey […]

Headlines News

Senate dares FG, says 2018 Budget won’t be passed until March

Ihesiulo Grace 20 December 2017 0

Ï Says N8.612trn document full of errors, deceit Ï FG releases N750bn capital projects fund to MDAs Another round of face-off looms between the executive and the legislature over the N8.612 trillion 2018 Budget is imminent as the Senate on Tuesday, criticised President Muhammadu Buhari on what it referred to as shoddy preparations of the […]

Business

Ambode proposes N1.046tn Y2018 budget

Ihesiulo Grace 11 December 2017 0

..To rehabilitate 181 roads The proposed Y2018 budget of Lagos state tagged: ‘Budget of Progress and Development’, with a size of N1,046,121,181,680 (N1, 046tn), was on Monday presented to the state’s House of Assembly by the Lagos State Governor Akinwunmi Ambode. According to the governor, the budget will be used to consolidate on infrastructure,

News Politics

Reps Pass 2018 Budget For Second Reading

Ihesiulo Grace 6 December 2017 0

By the requirements of the Fiscal Responsibility Act, 2007, the National Assembly must first approve the MTEF before passing the next budget. So, the 2018 is on its way to an early passage. On Tuesday, the House of Representatives gave it a nod to proceed for second reading. The House also approved $47 as the […]

News

Imo Assembly boycotts 2018 budget presentation

Ihesiulo Grace 30 November 2017 0

The seemingly political crisis rocking the Imo State Executive and the legislature played out as the members of the State House of Assembly boycotted the 2018 budget presentation slated for Tuesday. The state government had consistently been announcing the budget 2019 presentation christened “Budget of consolidation II” through the Chief Press Secretary to Governor Rochas

Headlines News

NASS begins debate on 2018 Budget

Ihesiulo Grace 29 November 2017 0

…Faults Buhari over 2017 implementation The National Assembly comprising the Senate and the House of Representatives have separately begun debates over the N8.612 trillion 2018 Budget presented by President Muhammadu Buhari on November 7, 2017 to the joint sessions of the lawmakers in Abuja. Both chambers were united that the recurrent expenditure as contained in

Headlines News Politics

2018 Budget: Trouble looms as APC, PDP Reps disagree

Ihesiulo Grace 23 November 2017 0

…Lawmakers express divergent views over MTEF/ FPS …Deputy Speaker begs colleagues to consider proposal The House of Representatives members on Wednesday engaged in brick bats with each other when the Medium Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP) of the President Muhammadu Buhari administration was to be considered by lawmakers.

Business

Crisis Looms As Senate Dismisses Buhari’s 2018 Budget

Ihesiulo Grace 22 November 2017 0

*Says budget contains unrealistic projections The Senate, on Tuesday, berated the N8.612 trillion 2018 Budget, saying that it would end up like that of 2017. The Senate said that it was worried that the budget could be poorly implemented. The Senate, while justifying its position, queried some critical projections used in the budget proposals as […]

Business Headlines

NASS begins debate on 2018 budget next week

Ihesiulo Grace 22 November 2017 0

… as Reps moves to investigate sale of N20bn PHCN non-core assets The National Assembly is set to begin debates on the N8.612 trillion 2018 Budget presented to it by President Muhammadu Buhari, two weeks ago. While the Senate has said it would commence debate on the budget on November 28 through 29, the House […]