News Nigeria

ECOWAS presents $602m 2019 Budget to parliament

Ihesiulo Grace 5 December 2018 0

The Economic Community of West African Countries (ECOWAS) on Tuesday, presented a budget proposal of $602 million (381,612,734) Units of Account, to the Parliament for 2019 fiscal year. The budget proposal which is a 34.7 per cent increase (98, 817, 554) UA, on the 2018 budget, has 73.9 per

News Nigeria

Reps demand 26% hike in education funding by 2022

Ihesiulo Grace 29 November 2018 0

The House of Representatives on Wednesday resolved that subject to the availability of funds, the federal education budget should increase from seven per cent to 26 per cent by 2022. This resolution the House said is in line with the recommendation by the United Nations Education and Scientific Organization (UNESCO) for developing countries. Furthermore, the […]

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Ondo lawmakers loyal to Gov Akeredolu approve over N14bn Budget, dissolve standing c’ittees

Ihesiulo Grace 16 November 2018 0

Nine out of 26 members of the Ondo State House of Assembly loyal to Governor Oluwarotimi Akeredolu on Thursday, passed the bill for the ‘re-ordered’ budget of over N14 billion sent by the state governor. At the plenary, presided over by the embattled Speaker, David Oleyelogun, the House also dissolved its standing committees and subsequently […]

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Gov Ahmed seeks legislative nod for N156bn revised 2018 budget

Ihesiulo Grace 14 November 2018 0

Governor Abdulfatah Ahmed of Kwara on Tuesday sought the approval of the State House of Assembly for the passage of N156 billion as 2018 revised budget estimates. The governor’s request was contained in his message to the House read by the Speaker, Dr Ali Ahmad at the plenary. The request of the governor intimated the […]

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2019 polls: Hope rises as NASS joint c’ttee adopts N143bn INEC budget

Ihesiulo Grace 28 August 2018 0

…C’ttee rejects INEC’s 189bn request …Electoral umpire to defend budget today A glimmer of hope on the early resolution of the impasse over the passage by the National Assembly of President Muhammadu Buhari’s request for the appropriation of funds for the Independent National Electoral Commission (INEC) to conduct the 2019 polls emerged on Monday, following

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INEC budget, virement: NASS may reconvene after Sallah celebration

Ihesiulo Grace 15 August 2018 0

…APC, PDP in war- of- word over resumption, rigging Indications have emerged that the National Assembly may reconvene next week after the Eid-el – Kabir celebration to consider and approve the supplementary budget for the Independent National Electoral Commission (INEC) to prepare for the 2019 general elections and the virement request from President Muhammadu

Politics Top Stories

Include us in 2019 election budget, parties beg Senate

Ihesiulo Grace 10 August 2018 0

*Allege FG plot to freeze senate account Chairmen and leaders of some political parties on Thursday demanded fair share in the 2019 election budget by demanding that the Senate considers them in the fund for political parties in the budget of the Independent National Electoral Commission (INEC). This is coming ahead of next week possible […]

Business News

Minister wants policy on population management

Ihesiulo Grace 18 July 2018 0

The Minister of Budget and National Planning, Senator Udoma Udo Udoma, has stressed the need for robust population management policies in the country to spur growth in the economy. Senator Udoma made the call on Monday at an interactive session at the ongoing Parliamentary Open Week, which kicked off at the National Assembly in Abuja. […]

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Ministry tasks Nigerians on agriculture to ensure food security

Ihesiulo Grace 26 June 2018 0

The Ministry of Budget and National Planning on Monday urged Nigerians to embrace agriculture to ensure food security. Director of Economic Growth in the ministry, Mr Sam Eloho, made the call during a stakeholders’ consultative meeting in Lagos. The meeting was organised by the ministry in collaboration with Actionaid and Oxfarm. According to Eloho, the […]

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Enugu Assembly passes N17bn supplementary budget

Ihesiulo Grace 25 June 2018 0

The Enugu State House of Assembly, yesterday passed into law, “a bill for a law to authorise the issuance and appropriation of the total sum Seventeen billion, ten million (N17,010,000.000.00), only for capital and recurrent expenditure for Enugu State of Nigeria for the year ending on 31st day of December, 2018.” The virement thus approved […]

News Politics

Budget: Stop demonizing NASS, Buhari urged

Ihesiulo Grace 25 June 2018 0

Former Deputy National Publicity Secretary of the ruling All Progressives Congress (APC) has urged President Muhammadu Buhari to stop complaining and engaging in blame games over the recently signed budget. Frank, immediate past Deputy Spokesman of the APC, said it was most unfortunate and unbecoming of a president’s status to consistently seek to cast the […]

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Full Text of Buhari’s Speech at Signing of 2018 Budget

Ihesiulo Grace 20 June 2018 0

Protocols I would like to thank the leadership of the National Assembly, particularly the Senate President and the Speaker of the House of Representatives, as well as all the Distinguished Senators and Honourable Members, for passing the 2018 Appropriation Bill, after seven months. When I submitted the 2018 Budget proposals to the National Assembly on […]

Business Top Stories

Despite challenges, MDAs get N2.79trn in 2 years

Ihesiulo Grace 20 June 2018 0

…N1.21trn in 2016, N1.58trn, 2017 Despite challenges occasioned by economic recession, the Federal Government has released a total of N2.29 trillion in the last two years. Minister of Finance, Mrs Kemi Adeosun, who made this known in Abuja on Tuesday ahead of President Muhammadu Buhari signing of the 2018 budget into law today, said that […]

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Expectations as Buhari signs 2018 Budget tomorrow

Ihesiulo Grace 19 June 2018 0

….FG cancels FEC meeting as expert express divergent views Expectations are high as President Muhammadu Buhari signs the 2018 budget into law tomorrow, prompting divergent view from economists and financial experts. The Daily Times recalls that the National Assembly passed a N9.1 trillion budget for 2018 fiscal year on May 16 after jerking it up […]

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Economic recovery: FG targets 7% growth rate by 2020 -Udoma

Ihesiulo Grace 8 June 2018 0

… Woos European private sector investors Nigeria is targeting to achieve sustained inclusive growth rate of at least 7 percent by the year 2020. This was disclosed by the Minister of Budget and National Planning, Senator Udoma Udo Udoma, on Thursday in Brussels, Belgium, while making a presentation on Nigeria’s ‘Economic Recovery and Growth Plan […]

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2018 Budget: NASS receives report, may pass appropriation bill today

Ihesiulo Grace 16 May 2018 0

The National Assembly on Tuesday received the report of Joint Appropriations Committees of the Senate and the House of Representatives on the 2018 budget estimates. The Chairman of the Senate committee, Senator Danjuma Goje, laid the report before the Senate in plenary, six months after it was presented by President Muhammadu Buhari. The Senate and […]

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Senate receives committee report on 2018 budget

Ihesiulo Grace 15 May 2018 0

The National Assembly has on Tuesday received the report of its appropriation committees on the 2018 budget. The report was submitted at both Senate and House of Representatives. The National Assembly had set an April 24 target for passage of the budget but failed. Laying and passage of the report had also been shifted several […]

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We spent over N1.5trn on capital in 2017 budget – Adeosun

Ihesiulo Grace 14 May 2018 0

As Nigerians await the passage of the 2018 Budget, the Federal Government has said it has expended over N1.5 trillion for the 2017 fiscal year . The Minister of Finance, Mrs Kemi Adeosun disclosed this on Sunday in a tweet through her official verified Twitter handle, @HMKemiAdeosun. Adeosun said that the expenditure was higher than […]

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Experts to NASS: Pass 2018 Budget to reflate economy

Ihesiulo Grace 7 May 2018 0

…Say action will spur GDP growth …Want execution of critical projects …Late passage ‘ll affect full implementation’ Ahead of the passage of 2018 Appropriation Bill by the National Assembly, financial experts have said that although the federal lawmakers’ resolve to do the needful this week came seven months after President Muhammadu Buhari

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NASS ‘ll pass 2018 Budget next week – Reps spokesman

Ihesiulo Grace 4 May 2018 0

* Says Appropriation Committee lays document May 8 * ‘NASS management ‘ll soon invite Buhari to brief lawmakers’ The National Assembly will pass the much awaited 2018 Budget next week, the House of Representatives disclosed on Thursday. The Chairman, House Committee on Media and Public Affairs, Hon Abdulrazak Namdas, made this known while briefing House