News

25 federal government agencies and ministries budget N85 billion for vehicles in 2024

Ihesiulo Grace 29 December 2023 0

A proposed budget of approximately N85 billion has been earmarked for vehicle purchases by 12 federal government agencies and 13 ministries in 2024. The staggering figure surpasses the combined budgets of prominent healthcare institutions in Nigeria, including Nnamdi Azikiwe University Teaching

Politics

How Reps’ll ensure 2024 budget achieves objectives –Agbese, Reps deputy spokesman

DailyTimesNGR DailyTimesNGR 15 December 2023 0

Recently, President Bola Tinubu presented the 2024 Appropriation Bill to the National Assembly. However, the Appropriation Bill christened “Budget of Renewed Hope” has generated diverse reactions. While members of the All Progressives Congress (APC) have hailed the budget, the opposition says the budget is worthless. However, Deputy spokesman of the House of

Politics

2024 Budget: Non- inclusion of Mambilla Power project deliberate- Minister

DailyTimesNGR DailyTimesNGR 13 December 2023 0

By Tunde Opalana Minister of Power, Chief Adebayo Adelabu said the non- inclusion of the Mambilla Power Project in the ministry’s 2024 Budget was not an omission but deliberate. He made the clarification when he appeared before a Joint Committee of the Senate and House of Representatives Committee on Power. He attributed the deliberate exclusion […]

Politics

2024 Fed Govt. Budget : N2.18trn not enough for Education sector, says NANS President

DailyTimesNGR DailyTimesNGR 8 December 2023 0

***wants students to be part of budget execution By Nosa Akenzua The President of the National Association of Nigerian Students (NANS), Comrade Lucky Emonefe, has called on President Bola Ahmed Tinubu and the National Assembly to increase the budget for education in the 2024 Federal Government budget proposal. Emonefe made this known during a Citizen’s […]

Headlines

Uproar as Budget Office approves N19b for MDAs without minister’s consent

Ihesiulo Grace 10 April 2023 0

By Tunde Opalana Senate has indicted Budget Office of the Federation (BOF) for given approval of N19 billion to four MDAs without the approval of Honorable Minister of Finance asking for refund from the four unnamed MDAs. Senate in October last year had commenced investigation into alleged illegal payment of N19bn to four unnamed federal […]

News

NDDC inaugurates 2024 budget committee

Ihesiulo Grace 3 March 2023 0

BY AMAKA AGBU The Niger Delta Development Commission, NDDC, has inaugurated a 16-member Budget Committee to prepare its 2024 budget through engagements with stakeholders. Addressing members of the Committee during the inauguration ceremony at the NDDC headquarters in Port Harcourt, the NDDC Managing Director, Dr. Samuel Ogbuku, said that the Committee must first identify

Business

BudgIT’s FG Budget Dashboard: Nigerians, others now have access to disaggregated budget data

Ihesiulo Grace 8 February 2023 0

By Motolani Oseni With the newly launched interactive FG Budget Dashboard by BudgIT, a web-based platform, Nigerians and other stakeholders will now have quick access to the Federal Government’s budget data at a disaggregated level across all Ministries, Departments and Agencies. BudgIT, a leading public data organization focused on raising active citizens and civic

Headlines

2023 budget figures unrealistic, not in agreement with budget objectives-Economist

Ihesiulo Grace 12 January 2023 0

*Says fiscal viability cannot sustain growing budget deficit funded by public debt By Motolani Oseni A development economist and financial expert, Dr Chiwuike Uba, has said that figures, especially the revenue and expenditure projections, in the N21, 827.19 trillion 2023 FGN budget passed into law by the National Assembly and assented by President Muhammadu Buhari […]

Headlines

2023 budget deficit: FG to further increase Nigeria’s debt profile by N11.34trn

Ihesiulo Grace 5 January 2023 0

.As debt servicing gulped 80.6% of FG’s revenue in 2022 .To stop payment of fuel subsidy by June 2023 By Motolani Oseni In an effort to source for the funding of the for the 2023 budget deficit, the Federal Government of Nigeria, would be increasing the nation’s debt profile by a whopping N11.34 trillion. Speaking […]

Headlines

National Assembly fails to pass 2023 budget

Ihesiulo Grace 23 December 2022 0

.As Senate blames Executive for errors in Appropriation bill .Passage of 2022 Supplementary budget, Finance Bill affected .Reps to pass 2023 Appropriation bill after Christmas By Tunde Opalana, Haruna Salami and Tom Okpe The hope of passing the 2023 budget yesterday was dashed as both chambers of the National Assembly failed to debate and pass […]

Headlines

FG to borrow N819.5bn to supplement 2022 budget

Ihesiulo Grace 22 December 2022 0

.As Senate sets to pass 2023 budget, Finance Bill, Buhari’s supplementary request today .Reps okay N95.26bn FG power company budget By Tunde Opalana, Abuja Less than 10 days to the end of the year, the Federal Government is seeking parliamentary approval of N819,536,937,813 to supplement the 2022 budget . President Muhammadu Buhari yesterday forwarded a […]

Headlines

2023 Budget: Ministry of Works laments funding challenges

Ihesiulo Grace 3 November 2022 0

By Haruna Salami Minister of Works and Housing, Babatunde Fashola, has again lamented funding challenges facing his ministry in the 2023 budget proposal before the National Assembly. While defending the budget of the ministry before the Senate Committee on Works and Housing said “insufficient budgetary provisions which is self-evidence in what you have seen and […]

Headlines

House C’ttee declines N5.1bn AuGF budget

Ihesiulo Grace 3 November 2022 0

By Tom Okpe House of Representatives’ Committee on Public Accounts (PAC) has rejected the N5.1 billion budget proposed for Office of the Auditor General of the Federation as contained in the 2023 financial year. PAC, however, summoned Zainab Ahmed, Minister of Finance, Budget and National Planning, Sylva Okolieaboh, acting Accountant General of the Federation, Ben

Headlines

FG’s budget support facility: NEC sets up c’ttee to review modalities for states’ repayment

Ihesiulo Grace 21 October 2022 0

By Ukpono Ukpong In a move to explore how to provide further financial succour for States regarding repayment of the Federal Government’s Budget Support Facility, the National Economic Council (NEC) has decided to review the Central Bank of Nigeria’s (CBN) plan to commence deductions from State governments’ share of the monthly federal allocations. At a […]

Headlines

Power probe: HoR demands TCN’s 20 years budget, IGR

Ihesiulo Grace 24 August 2022 0

By Tom Okpe The House of Representatives investigation by its Committee on Finance into the proposed sale of the National Integrated Power Plant (NIPP) by the Bureau of Public Procurement (BPP), has demanded for the Transmission Company of Nigeria, (TCN)’s 20 years budget and Internally Generated Revenue, (IGR). This is with the aim to address […]

News

Nigeria records N30.58trn budget deficit in 7 years

Ihesiulo Grace 5 August 2022 0

BY BENJAMIN OMOIKE Nigeria’s budget deficit has risen to at least N30.58trillion in the last seven years. This is according to data from budget implementation reports for the third and fourth quarters of 2015; the four quarters of 2016, 2017, 2018, 2019, 2020; the first three quarters of 2021; and the first four months of […]

News

Ganduje proposes N196.5b, 2022 budget before State Assembly

Ihesiulo Grace 28 October 2021 0

AHMAD SORONDINKI, KANO Governor Abdullahi Umar Ganduje of Kano State has on Thursday, presented a total of N196,353,469,505:00 as the 2022 proposed budget before the Kano State House of Assembly. Making the presentation at the Assembly complex Thursday, tagged the budget as “Budget for Consolidation and Prosperity” He said, a total of N107.9 billion

Business Headlines

$100bn lost globally to annual conflict, says Finance minister

Ihesiulo Grace 24 September 2021 0

Philip Clement, Abuja The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said that due to devastating effect of war, the world loses an estimated $100 billion annually. Ahmed explained that security affects the wellbeing of individuals, families, communities, and nation states, which also extends beyond the safeguarding of lives and property […]

Business Headlines

Setback for economy as FG records N2.3trn budget deficit in Q1

Ihesiulo Grace 23 September 2021 0

As the economy is gradually recovering from the huge impact of the Covid-19 pandemic, there seems to be a major setback as the Federal Government recorded a budget deficit of about N2. 293 trillion in the first quarter of 2021. This is contained in the First Quarter (Q1) Budget Implementation Report (BIR) by the Minister […]

News

Ensure transparent use of ₦500 billion COVID-19 stimulus fund – AHBN tasks FG

Ihesiulo Grace 7 June 2021 0

*Says, delay in utilising funds will be seen as sabotage Doosuur Iwambe,Abuja The Africa Health Budget Network (AHBN), has called on  the Federal Government to ensure efficient and transparent utilisation of the N500 billion COVID-19, received from the International Monetary Fund (IMF) as a stimulus package for COVID-19 intervention. According to the non governmental