News - Budget

Akeredolu Signs N170.8bn Budget, Promises To Improve Capital Expenditure

4 days ago /
Nation 

Governor Rotimi Akeredolu of Ondo State has resolved to depart from the practice of expending a disproportionate percentage of budgetary allocations on recurrent expenditure. Governor Akeredolu made the resolution in Akure while signing the 2017 Appropriation Bill into law at the Governor’s Office in Akure. The budget totals N170.85 billion. He said...

FG To Release N350bn For Capital Projects

5 days ago /
Nation 

The Federal Government plans to release a total of 350 billion Naira for capital projects across the country. Speaking at the public presentation of the 2017 Appropriation Act in Abuja, the Minister of Finance, Kemi Adeosu, said this will address the infrastructural needs in the country. Mrs Adeosun also said other capital...

Senate Orders Committee to Treat Petitions on Corruption

6 days ago /
Nation 

The Senate has expanded the responsibilities of one its Committees to include taking petitions from members of the public on allegations of corrupt practices in any government establishment across the country.Senate President, Bukola Saraki, who stated this in his speech at the 11th Annual Business Law Conference of the Nigerian...

Report Of My Expulsion From APC False — Jibrin

1 week ago /
Nation  Politics 

Honourable Abdulmumini Jibril Kofa, has described as false the report that he has been expelled from the ruling All Progressive Congress, APC, for anti-party activities. Abdulmumini in a statement on Thursday, said that his purported expulsion was carried out by ‘political antagonizers who are perpetually threatened by his advocacy for transparency...

National Assembly Won’t Be A Rubber Stamp, Lawmakers Reply Osinbajo

1 week ago /
Nation 

The National Assembly has said its Constitutional powers are unambiguous with regards to appropriation and warned the Executive that it will not be a rubber stamp for it. In separate plenary sessions, the Senate and House of Representatives considered points of privilege by lawmakers who queried alleged statements by Acting President,...

Dismissal Of NAFDAC From Cargo Clearance Will Encourage Smuggling Of Fake Drugs And Foods – House Of Representatives

1 week ago /
Health  Nation 

Nigeria’s House of Representatives committee on health services says dismissal of NAFDAC from cargo clearance at the Nigerian ports will encourage smuggling of fake drugs and foods into Nigeria. Chairman of the committee, john Okafor said this in Abuja when the committee visited the agency in Abuja. He said the implication of...

Panama Dumps Taiwan For China

1 week ago /
International News 

Panama and China announced on Tuesday they were establishing diplomatic relations, as the Central American nation became the latest to dump Taiwan for closer ties with the world’s second-largest economy. The move prompted an angry response from Taiwan and will likely further strain ties between Taipei and Beijing, which considers the...

Budget Padding: EFCC Begins Probe Of Dogara, Others, To Grill Jibrin

1 week ago /
Nation 

The Economic and Financial Crimes Commission has invited a former Chairman, House of Representatives Committee on Appropriation, Mr. Abdulmumin Jibrin, to clarify allegations that the Speaker, Mr. Yakubu Dogara, and three other principal officers “padded” the 2016 budget in excess of N40bn. The others are the Deputy Speaker, Mr. Yussuff Lasun;...

Why Signing Of 2017 Budget Was Delayed – Osinbajo

1 week ago /
Nation 

The Acting President, Professor Yemi Osinbajo, on Monday, said the delay in the signing of the 2017 Appropriation Bill was due to disagreements between the executive and the National Assembly. He said this at the Presidential Villa after signing the budget, one month after it was passed by the National Assembly. Professor...

Acting President Osinbajo Signs 2017 Budget

1 week ago /
Nation 

Acting President Yemi Osinbajo has signed the 2017 appropriation bill into law. Mr. Osinbajo signed the budget at about 4:40 p.m. on Monday inside his conference room in the presence of the Chief of Staff to President Muhammadu Buhari, Abba Kyari; Senate President, Bukola Saraki, Speaker of the House of Representatives, Yakubu Dogara, Ministers...

Maryland, District Of Columbia Sue Over Payments To Trump Hotels

1 week ago /
International News  Politics 

The attorneys general of Maryland and the District of Columbia on Monday filed a lawsuit claiming that government payments to President Donald Trump's businesses violate the U.S. Constitution. Payments to the president's enterprises from foreign and domestic governments through his hospitality empire draw business away from Maryland and D.C. venues and...

Osinbajo To Sign Budget At 3PM Today

1 week ago /
Nation 

Acting President Yemi Osinbajo will sign the 2017 budget at 3pm on Monday, TheCable has learnt. Bamikole Omisore, media aide of Senate President Bukola, told TheCable that his principal and Yakubu Dogara, speaker of the house of representatives, would join the acting president at the presidential villa for the exercise. The budget...

8th Assembly: Most Opened Arm Of Government In Nigerian History – Saraki

2 weeks ago /
Nation 

Nigeria's Senate President, Dr. Bujola Saraki, has said that the Senate is the most opened arm of  government in the history of Nigeria till date. He stated that the 8th Assembly is laying a foundation for a new Nigerian economy to emerge and empower the private sector. Dr. Saraki aslo said that the...

Senate Moves Against CBN Over Financial Recklessness

2 weeks ago /
Business and Economy  

The Senate has made a bold move at checkmating alleged recklessness of the Central Bank of Nigeria (CBN) on intervention fund spending on yearly basis.This is as it frowns at the N1.23trillion spent by the Apex Bank in 2015 far exceeding the totality of 5% of CBN total revenue in...

INEC Registers Five New Political Parties

2 weeks ago /
Politics 

The Independent National Electoral Commission (INEC) has registered five new political parties. According to the Commission, 95 associations applied for registration as political parties, but it approved five applications which met the constitutional requirements for registration. The parties are Young Progressive Party (YPP); Advanced Peoples Democratic Alliance (APDA); New Generation Party of Nigeria...

Amnesty, Others Seek Cleanup Of Ogoni Polluted Sites

2 weeks ago /
Environment  Nation 

The Environmental Rights Action, Amnesty International, and Friends of the Earth Europe have called for the immediate clean-up of Ogoni in Rivers State.One year on from when the implementation of a United Nations Environment Programme (UNEP) report on Ogoniland was officially supposed to begin, the communities of the Niger Delta are...

Reps Move To Probe ₦5.1Trn Abandoned FG Projects

3 weeks ago /
Nation 

The House of Representatives yesterday moved to probe the status of the N5.1 trillion abandoned federal projects nationwide.  The lawmakers also at plenary, resolved to probe the utilisation of the $200 million clean technology fund for solar energy in the North-East zone of the country.    Both resolutions of the House were passed,...

FG To Designate Specific Courts For Corruption Cases – Osinbajo

3 weeks ago /
Judiciary   Nation 

The Acting President, Yemi Osinbajo, has announced that as part of judicial reforms to expedite corruption cases in the country, the Federal Government is set to designate some specific courts to the trial of such cases. This, he said is in addition to re-equipping the prosecution teams, in his first address...

LCCI Supports F.G’s Ease Of Doing Business

1 month ago /
Nation 

The Lagos Chamber of Commerce and Industry (LCCI) has thrown its weight behind the recently signed Executive Orders by the Acting President, Prof. Yemi Osinbajo on the ease of doing business in the country. The LCCI believes that the Executive Orders will fast-track budgetary administration as well as promote made in...

Corruption In Military Hampers Insurgency Fight - Transparency International

1 month ago /
Nation 

The International anti-corruption body, Transparency International says the military graft is weakening Nigeria’s efforts to effectively battle the terrorist group, Boko Haram. In a statement by the anti-corruption body, Transparency International noted that President Muhammadu Buhari’s promise to tackle corruption and terrorism is being hampered by the lack of transparency in...


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