…holds emergency sessions today …we’re considering wide range of issues – Senate spokesman By Haruna Salami Both the Senate and the House of Representatives have slated today (Thursday, June 27,2024) for emergency sessions, geared towards extending the implementation period for the capital component of the N21.83 trillion 2023 budget and those of the N2.17 trillion […]
…wants reform of budgetary process, review of Ningi’s suspension By Tunde Opalana The Peoples Redemption Party (PRP) has requested an urgent conduct of forensic audit of the 2024 budget. This follows recent controversies that greeted allegation of budget padding by suspended Senator Abdul Ningi. According to the party, comments and submissions of critical stakeholders has […]
By Haruna Salami The last has not been heard over the allegation of N3.7 trillion in 2024 budget without nexus to projects and location. Although the Senate has taken a decisive action by suspending Senator Abdul Ningi (Bauchi Central) who alleged that N3.7 trillion was just floating without projects and location, the matter has refused […]
By Tunde Opalana, Haruna Salami Crisis of confidence between the Presidency and senators of Northern extraction over alleged padding of the 2024 budget deepened on Sunday. A senator representing Bauchi central, Abdul Ningi, had on Saturday alleged that there was a discrepancy between the actual budget passed by the National Assembly and the one being […]
By Nosa Akenzua The Chairman of Udu Local Government Council, Hon. Jite Brown, Wednesday, presented the 2024 budget of “HOPE” to the council legislators. Addressing the Udu Local Government Legislative Assembly in Otor-Udu, under the leadership of Speaker Hon. Emmanuel Owhoio, Chairman Brown expressed his vision for a renewed sense of hope in the council […]
By Mathew Brangyet The Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu has emphasised the pivotal role the private sector plays in advancing the nation’s economic agenda. Bagudu who stated this in Abuja while receiving a delegation from the Corporate Council on Africa (CCA) Trade mission to Nigeria. “As we embark on our […]
By Tunde Opalana Senators from the 19 northern states have rejected what they described as “skewed allocation of funds and projects” in the 2024 national budget in favour of the southern part of the country. The senators, however, were not specific on the aspects of the funding of the N28.7 trillion budget they considered to […]
The year 2024 etched itself in Nigerian history as the year Abubakar Bichi, the Kano-born legislator, defied expectations and steered the Appropriation Bill through a tumultuous House of Representatives, emerging as a beacon of efficiency and integrity. To many, Bichi was a fresh face in the realm of appropriations, an untested hand entrusted with a […]
By Ukpono Ukpong The Minister of Budget and National Planning, Atiku Bagudu, has disclosed that the Federal Government was conscious and strategic in not basing the foreign exchange benchmark in the 2024 budget on a spot rate, to avoid eventualities and uncertainties. Bagudu told State House correspondents that before arriving at the projected exchange rate […]
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 Hospital (NAUTH) with N37.6 billion, University College Hospital, Ibadan with N27.2 billion, and Obafemi […]
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 Representatives, Phillip Agbese, […]
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 […]
***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 […]
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 […]
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 the […]
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 leaders […]
*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 […]
.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 […]
.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 […]
.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 […]