…as Finance C’mttee wants extra finding of Fiscal Responsibility Commission’s budget By Haruna Salami, Tom Okpe The National Assembly is set to allocate adequate funds to agencies of government that play watchdog roles in the nation’s financial sector. Senate Committee on Finance raised concern that inadequate funding will continue to weaken those critical agencies, given […]
*Knocks Accountant General’s office for deficiency in collection of operational surpluses *Minister lauds probes Tunde Opalana, Abuja As the Senate Committee on Finance continues its investigations into revenue remittances by over 700 Ministries, Departments and Agencies (MDAs) of the Federal Government, the chairman of the committee, Senator Solomon Adeola (APC, Lagos West) has revealed that […]
By Philip Clement As Nigeria battles funds paucity arising from the impact of the Covid-19 pandemic, the Federal Government has announced the taking over of some of its ‘juicy’ revenue generation agencies. The 10 government-owned enterprises (GOE) named in the first phase of the initiative are Nigerian National Petroleum Corporation (NNPC), Nigerian Ports Authority (NPA) […]
The House of Representatives on Monday says it will unmask Ministries, Departments and Agencies (MDAs) that refused to appear before it with their audited reports. Chairman, House Committee on Public Accounts, Rep. Wole Oke, disclosed this during an investigative public hearing into the presentation of audit reports of MDAs on Monday. The committee is investigating […]
The Federal Government has said that the membership of governing boards of Parastatals, Agencies and Commissions (MDAs) are part time, a privilege and thus they lack powers to suspend or remove a Chief Executive appointed by President without due process. The Secretary to the Government of the Federation (SGF), Mr. Boss Mustapha, said this on […]
Following its bid to drive Governor Okezie Ikpeazu’s five pillars of development plan, Abia state Government has revealed that it will leave no stone unturned to ensure that staff of ministries departments/parastatals and agencies, MDAs and non-governmental organizations are trained in capacity building Speaking with newsmen after the maiden interaction in Umuahia, the state commissioner […]
…Says FG can’t borrow without approval …Pegs oil benchmark at $51 At last, the National Assembly on Wednesday passed the 2018 budget estimated at N9.20 trillion as against N8.612 trillion presented to the National Assembly by President Muhammadu Buhari. Giving the highlight of the budget, the Chairman, Senate Committee on Appropriations, Senator Danjuma Goje, said […]
The Minister of Finance, Mrs. Kemi Adeosun, has revealed that the Federal Government has saved N68 billion on personnel cost in 2017; bringing the aggregate savings by the government on personnel cost since 2007 to date to N288 billion. Adeosun made this disclosure on Wednesday during her presentation of “Status Update on the Implementation of […]
Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “withdraw without further delay the list of appointments to the boards of agencies and parastatals in order to remove a clear and recognizable danger to the integrity of these bodies, and allow the civil service systems to carry out the appointments, in strict […]
Lagos State House of Assembly(LAHA) is set to enact a law that would strengthening electricity generation and ensure 24 hours’ uninterrupted power supply in the state. A bill to this effect would soon be passed into law by the Lagos State House of Assembly. The bill, which went through public hearing on Wednesday, was described […]
Anambra State Governor, Chief Willie Obiano, has attributed his successful security measures to heavy procurement of security apparatus to security agencies in the state. Governor Obiano stated this while addressing some Anambra indigenes who are based in Enugu, at Enugu Sports Club, Enugu State recently. Some of the indigenes included market leaders in Enugu, religious […]
Last Tuesday, President Muhammadu Buhari presented to the joint session of the National Assembly in Abuja, N8.612 trillion 2018 Appropriation Bill. In this interview with GANIYU OBAARO, a financial expert, Mr. Azeez A. Adeleke, FCIB, examines some key issues in the budget, including sectoral allocation, foreign exchange, diversification, taxation and job creation. Excerpts How would […]
Secretary of the FCT Transportation Secretariat, Comrade Kayode Opeifa, has called on Federal Government ministries and agencies to increase maximum productivity by empowering the staff on Information Communication Technology (ICT) as a tool to move with globalisation trend. Comrade Kayode, who was represented in the occasion by Engineer Wilson Unogwu made the call Monday during […]
The Chairman, Inter Party Advisory Council (IPAC) in Anambra State, Chief Bartho Igwedibia, has urged security agencies to be proactive in tackling rising cases of political misconducts in the state. Igwedibia made the call in an interview with the News Agency of Nigeria (NAN) on Sunday in Akwa. He said reports of destruction of billboards, […]
The Senate ad hoc committee, has disclosed in a report that 25 government agencies have failed to remit N1.695 trillion revenue to the consolidated revenue fund. The committee also disclosed that the Nigerian National Petroleum Corporation (NNPC) was running on a deficit of about N3.115 trillion between 2012 and 2016. NAN reports that the committee […]