News - Budget

 

Civil Society Calls For Increased Access To Water

1 hour ago /
Nation 

Ahead of the 2017 International Year of Water Cooperation, members of the Civil Society Organisation in Imo state, have organized a workshop aimed at raising awareness for increased cooperation to tackle the challenges facing water management and its distribution. The event which was held in Owerri, the Imo state capital with the...

Kaduna Investment Summit To Boost State Business Activities - Official

2 hours ago /

As part of efforts to boost business activities and generate huge revenue for development, the Kaduna State will be holding its second edition of Economic and Investment Summit in April 2017. Briefing journalists on the preparations ahead of the summit with the theme “Making Kaduna the Investment Destination of Choice” the...

Senate Approves Buhari’s Request For $500m Eurobond

19 hours ago /
Nation 

The Senate on Wednesday approved President Muhammadu’s Buhari request for 500 million dollars Eurobond in the International Capital Market to fund 2016 Budget deficit. The Vice President, Prof. Yemi Osinbajo, who acted on behalf of the President, had on March 15, written to the Senate to approve the amount to fund...

UNICEF Lauds Kaduna’s Effort In Tackling Malnourished Children

3 days ago /
Nation 

The United Nations Children Fund (UNICEF) has said that it is satisfied with steps taken so far by Kaduna State Government, in addressing problem of acute malnutrition among women and children . The UNICEF Deputy Executive Programmes officer, Omar Abdi who came from the United States alongside other officials of the organisation,...

Gov. Ahmed Signs 2017 Budget Into Law

6 days ago /
Nation 

The Kwara State Governor, Abdulfatah Ahmed, has assented to 160.9billion Naira 2017 budget as passed by the Kwara State House of Assembly. Speaking during the signing ceremony at his office, Governor Ahmed said with the signing of the budget into law, his administration will commence execution of some major capital projects...

FG Disburses $500m Maternal, Child Fund

1 week ago /
Health 

The Federal Government has inaugurated a committee to supervise the $500 million grant disbursement to the 36 states of the federation and FCT to address maternal and child health challenges in the country. The Minister of Health, Prof. Isaac Adewole, inaugurated the committee during a retreat organised by the federal programme...

Osinbanjo Commends Gov. Ikpeazu On Good Governance

2 weeks ago /
Nation 

The Acting President of Nigeria, Professor Yemi Osibanjo, has commended the Governor of Abia State, Okezie Ikpeazu, over what he describes as “the smart business approach to governance”. Professor Osinbajo said this when Governor Ikpeazu led a delegation of some top functionaries of Abia state government alongside top Aba business/industry leaders...

Finance Minister Says N5.1trn Released From 2016 Budget

2 weeks ago /
Nation 

The Federal Government has so far released ‎the sum of 5.1 trillion Naira out of 6.06 trillion Naira passed by the National Assembly in the 2016 budget. The Minister of Finance, Kemi Adeosun, said this on Wednesday at a meeting organised by the Joint National Assembly Committee on Appropriation in Abuja,...

South Africa Considers Dropping 2022 Commonwealth Games Hosting Due To Financial Constraints

3 weeks ago /
Sports  

Durban may be unable to host the 2022 Commonwealth Games because of financial constraints, South Africa's sports minister has said. "We gave it our best shot but we can't go beyond. If the country says we don't have this money, we can't," Reuters quoted Fikile Mbalula as saying. He said a final...

FG To Employ Fresh 350,000 Graduates In 2017

3 weeks ago /
Nation 

The Federal Government will employ an additional 350,000 graduates in 2017. The graduates will be employed under the N-Power Volunteer Corps, a component of the government’s Social Investment Programmes. The Senior Special Assistant to the Acting President on Media Publicity, Laolu Akande, disclosed this in a statement on Sunday. Akande said President Muhammadu...

2017 Budget: Dalung Solicits Additional 23bn Naira For Ministry

3 weeks ago /
Nation 

The Minister of Youth and Sports, Mr Solomon Dalung, has appealed to the National Assembly to include about 23 billion Naira to the ministry’s 2017 budget. He explained that the addition is for the shortfall of over 100,000 prospective corps members participating in the national youth service scheme in 2017. Mr Dalung...

Senate Sends Warning To Petroleum Minister

4 weeks ago /
Nation 

The Nigerian senate has threatened to bring back fuel subsidy through legislation if the Minister of Petroleum fails to immediately provide solution to the recurring increase in pump price. The senate joint committee on gas, petroleum upstream and downstream gave the warning when the petroleum minister of state, Ibe Kachukwu appeared...

Osinbajo Seeks 500 Billion Dollars Eurobond

4 weeks ago /
Nation 

The Acting President, Professor Yemi Osinbajo, has written to the Speaker of the House of Representatives, seeking approval for the issuance of 500 million dollars Eurobond to fund the 2016 budget. According to the letter, which was read by the Speaker during plenary, the executive plans to issue the Eurobond in...

Nigeria Will Not Seek IMF Loan – Minister Of Finance

4 weeks ago /
Business and Economy   Nation 

Nigeria’s finance minister, Kemi  Adeosun  says the country will not apply for an IMF, International Monetary Fund loan as it is pursuing its own economic reform plan. “For us the IMF is really a lender of last resort when you have balance of payments problem. Nigeria doesn’t have balance of payments...

Senate Set To Confirm Justice Walter Onnoghen As CJN

4 weeks ago /
Nation 

The Senate on Tuesday confirmed receiving a letter from Acting President Yemi Osinbajo, requesting the confirmation of Justice Walter Onnoghen as Chief Justice of Nigeria (CJN). Senate President Bukola Saraki, read the letter on resumption of plenary after a four-week suspension of sitting. The Senate had on Feb. 19, adjourned plenary to...

Nigeria To Get $600mn From Global Fund In Three Years

1 month ago /
Business and Economy  

As part of efforts to strengthen health care services in Nigeria, the Federal Government is set to pay the sum of 10 million dollars as contribution to global fund in 2017. The Minister of Health, Professor Isaac Adewale, stated that Nigeria stands to benefit up to 600 million dollars from the...

Osinbajo Rejects New Official Residence For Vice President

1 month ago /
Nation 

The Office of the Vice President yesterday said that the federal government would decide what to do with the new official residence built for the vice president by the administration of Goodluck Jonathan. A statement issued yesterday in Abuja by the Senior Special Assistant to the Vice President on Media and...

FG Begins Verification Of Monthly Budget Support Facility

1 month ago /
Business and Economy  

The Federal Government has commenced the verification of its monthly Budget Support Facility to the states. The importance of the exercise is to ensure that benefiting state governments comply with the mutually agreed Fiscal Sustainability Plan prescribed by the National Economic Council (NEC). The resolution was reached at the first NEC meeting...

Kwara Assembly Wants Education Monitoring Fund Reviewed

1 month ago /
Nation 

In the bid to consolidate the feat recorded at the on-going education reform, the Kwara State House of Assembly has sought an upward review of 1.36 million Naira to 2.99 million Naira. This if for the allocation of the Monitoring and Evaluation Unit of the State Teaching Service Commission in the...

D.R. Congo Election: We Cannot Afford $1.8bn Cost – Budget Minister Pierre Kangudia

1 month ago /
International News 

The Democratic Republic of Congo will not be able to afford an agreed presidential election this year, the government says. Budget Minister Pierre Kangudia said the cost of organising the poll, which was said to be $1.8bn, was too expensive. Last year the government and the opposition agreed that new elections would...


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