News - Budget

How Nigerians Spent N400bn On Bribe In One Year – NBS

4 days ago /
Nation 

The National Corruption Survey published by the National Bureau of Statistics has shown that Nigerians have spent about N400 billion on payment for bribe in one year. According to the report, almost one bribe is paid by every adult Nigerian per year by combining the total number of people who paid a...

FEC Approves ICT Backbone

1 week ago /
Nation 

The Federal Executive Council has approved a national ICT infrastructure backbone.  The project will cost 328 million dollars and will ensure the interconnectivity of all ministries, departments and agencies of government.  The council also approved the refinancing of treasury bills from naira to dollars.   Minister of finance, Kemi Adeosun says it is...

ACE Raise Concern Over Constituency Projects Scam

3 weeks ago /
Nation 

The Alliance For Credible Elections, an international, NGO, has raised concern over the billions of naira sunk in what it describes as the scam of constituency projects in Nigeria. The acting executive secretary of ace, Nma Odi told journalists in Abuja that out of the one hundred and sixty-seven constituency projects  purportedly executed in the twenty-fifteen...

FG Set To Implement ‘Comprehensive Rebuilding Initiative’ For North-East

3 weeks ago /
Nation 

The Federal Government says it will soon kick-off the implementation of a comprehensive rebuilding plan for North-East areas that were ravaged in recent years of Boko Haram insurgency. This was according to Acting President, Yemi Osinbajo who presided over a meeting that was attended by the Borno State Governor, Kashim Shettima,...

Lawmakers Agree To Formulate Common Strategies To Achieve Better Health Care Services

3 weeks ago /
Health 

Federal and state lawmakers have agreed to formulate common strategies in their approach to appropriation, representative and oversight to achieve better health care services. They arrived at this resolution at the unveiling of an initiative called the universal health coverage in Abuja. The gathering of the lawmakers in Abuja afforded them the...

Osinbajo Sends 136bn Naira Virement Request To Reps

1 month ago /
Nation 

The Acting President, Yemi Osinbajo has written to the House of Representatives to request for a virement of 1365.6 billion Naira to some critical priority projects in the 2017 budget. Osinbajo had on June 12 after signing the 2017 budget said that there was an agreement between the executive and...

Federal Executive Council Approves The Nigerian Petroleum Policy

1 month ago /
Nation 

The Federal Executive Council has approved the Nigerian petroleum policy document, which will help the country to exit the importation of petroleum products by 2019. Briefing state house correspondents after the weekly federal executive council meeting on Wednesday, minister of state for petroleum, Ibe Kachikwu, said the document was last reviewed...

Executive, NASS Disagree On Budget Alteration

1 month ago /
Nation 

The chief whip of the house of representatives, Alhassan Doguwa, has disagreed with the governors of Ebonyi and Ondo states over the powers of the National Assembly to alter budget estimates. The Governors had insisted that there was need for amendment of the constitution to redefine the powers of the...

Budgetary Allocation Will Enable FG Fix Bad Roads – Senate

1 month ago /
Nation 

The Senate has expressed optimism that the 2017 budgetary provisions for road infrastructure will to a large extent, address the poor condition of federal roads across the country. The Senate Committee on Works noted that the allocation would go a long way in reducing the suffering of Nigerians who crisscross the...

Alliance For Credible Democracy Raise Dust Over The Fraud Of Recycling Constituency Projects

1 month ago /
Nation 

The alliance for credible democracy has raised dust over what it   describes as the fraud of recycling uncompleted constituency projects being perpetrated across the seven hundred and seventy-four local government areas of the country. Acting general secretary of the body, Mma Odi told journalists that some members of the national assembly...

Civil Rights Group Challenge Governor Wike To Publish Budgets Of The State For The Past Two Years

1 month ago /
Nation 

A civil rights group, the integrity friends for truth and peace initiative has challenged rivers state governor Nyesom Wike, to publish budgets of the state for the past two years as well as evidence of competitive biddings and tenders on all projects and contracts executed so far under his administration...

Ezekwesili: Nigeria’s Failing Educational System Will Produce A Generation Of Poor People

1 month ago /
Education 

Obiageli Ezekwesili, senior economic adviser, African Economic Development Policy Initiative (AEDPI), says leaving children of the poor in a failing educational system will consign them to a “dynasty of poverty”. Ezekwesili said this on Thursday while speaking at the 9th Wole Soyinka Centre media lecture series. She noted that majority of the...

Support FG To Entrench Permanent Peace – Garba Shehu

1 month ago /

The Senior Special Assistant to the President on Media and Publicity, Malam Garba Shehu has urged Nigerians to support the Federal Government in its efforts to bring permanent peace to the country. Shehu made the plea in an interview with the News Agency of Nigerian (NAN) on the sidelines of a...

 

Our Role In Spending Abacha Loot Was Limited, World Bank Tells SERAP

1 month ago /
Business and Economy  

President of the World Bank, Jim Yong Kim, has insisted that the global financial institution only played a limited role in the spending of loots recovered from the late Military Head of State, Sani Abacha. The bank was responding to a letter from economic watchdog, Socio-Economic Rights and Accoundtability Project (SERAP)...

Fresh Boko Haram Attacks In Borno Disturbing, Worrisome – Ndume

1 month ago /
Nation  Security 

Former Senate Majority Leader, Ali Ndume (APC/Borno South), on Sunday expressed deep concern over the resurgence of Boko Haram attacks in Borno State and described the situation as “worrisome”. Ndume, currently serving a six-month suspension, told newsmen in Maiduguri, the Borno State capital, that he would have invited security chiefs to...

HIV/AIDS: 1 Million Nigerians May Die By 2022 – NACA Chief

1 month ago /
Health 

Dr. Sani Aliyu, the Director-General of the National Agency for the Control of AIDS, has said Nigeria must take full sponsorship of its HIV/AIDS programme or risk losing one million of its citizens currently living with the disease before 2022. Aliyu stated this while fielding questions from State House correspondents in...

Minister Seeks Support On Implementation Of ERGP

1 month ago /
Business and Economy   Nation 

The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, has solicited the support of the APC and other stakeholders for the full implementation of the Economic Recovery and Growth Plan (ERGP). Udoma made the call in during the presentation of ERGP 2017 to 2020 and the 2017 report, presented...

Senate Probes NPA Contracts

1 month ago /
Nation 

The Nigerian senate is to investigate dredging contracts worth three billion dollars by the Nigerian ports authority, NPA, in a joint venture agreement with three enterprises, Lagos channel management, bonny channel company and Calabar channel Management Company limited. The senate's decision follows a motion on an alleged financial recklessness and economic waste...

Resign If You Can’t Cope – Senate Tells Fashola

1 month ago /
Nation 

The Senate Committee on Appropriation yesterday asked the Works, Power and Housing Minister, Mr. Babatunde Fashola, to resign if he could not cope with the responsibilities of his ministry. After being briefed at a plenary session by the Chairman, Senate Committee on Appropriation, Danjuma Goje, on the utterances of Fashola, the...

National Economic Council: Sign Death Warrants Of Prisoners On Death Roll Or Commute Their Sentences

1 month ago /
Nation 

State governors have been told to either sign death warrants of prisoners on death roll or commute their sentences. This was one of the decisions reached at the meeting of the national economic council on Thursday at the state house Abuja. Council unanimously agreed that the current state of prisons in the...


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