News - Budget

El-Rufai Signs 2018 Budget Into Law

1 day ago /
Nation 

Governor Nasir El-Rufai of Kaduna state on Monday, signed the 2018 budget of N216.55 billion into law, with a promise to complete all ongoing projects and initiating new ones. The document tagged: “Budget of Consolidation” is made up of N85.44 billion in recurrent expenditure and N131.1billion in capital expenditure. While signing the...

Medical And Dental Council Fails To Defend Budget

1 day ago /
Nation 

The Medical and Dental Council of Nigeria, MDCN, has failed to defend its budgetary allocation for 2017 before the house committee on health services. The committee members were at the council to ascertain the level of compliance after prior notice but the council could not present any report. Before the visit, the...

House Of Representatives Verifies NAFDAC Budget

2 days ago /
Nation 

The National Agency For Food, Drug Administration And Control, NAFDAC, says five point nine billion naira out of its six point six billion naira internally generated revenue was expended on overheads. The director general of the agency who was represented by the director of Planning Ademola Mgbisuri told the house of...

United Health Coverage Seeks More Funds For Malaria Control

3 days ago /
Health 

The United Health Coverage wants the Nigerian Senate to consider increasing funds for the control of malaria in the 2018 budget. Some malaria prevention organisations made the appeal during a meeting with the chairman senate committee on health. They said there was need for partnership with the legislature. According to various reports, Nigeria...

Cross River N1.3trn Budget: Nexim Bank Says It’s Achievable With State Industrialization Drive

6 days ago /
Nation 

A few days after the Cross River State Governor Ben Ayade presented N1.3 Trillion budget estimates for 2018 appropriation bill to the state house of assembly, the Nigeria export and import bank (Nexim bank), says the budget is achievable. Managing director of the bank Abba Bello stated this in Calabar at...

Reps Adopt 2018-2020 MTEF Document: $307 Exchange Rate, 2.3m BPD

1 week ago /
Nation 

The House of Representatives was in agreement with the executive on the set parameters in the 2018-2020 medium term expenditure framework (MTEF) and fiscal strategy paper (FSP). This was despite the attempt by Betty Apiafi, to divert attention to the statue recovered looted funds in funding the 2018 budget. The house...

#EndSARS: SERAP Petitions UN Over ‘Detention’ Of Human Rights Activist By SARS

1 week ago /
Nation 

Socio-Economic Rights and Accountability Project (SERAP) has sent an urgent appeal to the United Nations over the alleged detention of a human rights defender and a project tracking official at BudgIT Nigeria, Moses Motoni. SERAP in a statement on Wednesday said they petitioned four UN special rapporteurs drawing their attention to...

House Of Reps Committee Gives Kwara Road Projects Pass Mark

1 week ago /
Nation 

The House of Representatives, committee on works has expressed satisfaction with the federal and state road projects carried out in Kwara state. Members, said during an inspection that the amount appropriated for the projects have been well utilized. As part of its oversight function, the house of representatives, committee on works inspected...

Senate Approves MTEF/FSP; Pegs Benchmark At $47 Per Barrel

1 week ago /
Nation 

The senate has approved a benchmark of $47 per barrel of crude oil for the proposed 2018 budget. This represents an increase of $2 from an initial projection of $45 per barrel. Senate took the decision on Tuesday as it received and approved the report of its joint committee on finance and...

Super Eagles World Cup Preparation To Gulp N3bn

1 week ago /
Sports  

Minister of youth and sports development Solomon Dalung has assured Nigerians of government's determination to assisting the super eagles stage a successful outing in the 2018 FIFA world cup in Russia.  Speaking to state house correspondents after meeting with President Muhammadu Buhari at the Aso Rock Villa in Abuja, Dalung said...

Okorocha Appoints Commissioner For Happiness, 28 Others

1 week ago /
Politics 

Imo State Governor, Rochas Okorocha,  has appointed 28 new commissioners, promising to complete all ongoing projects in the state before the end of his tenure in 2019. Among the newly sworn-in commissioners include Mrs Ogechi Ololo (nee Okorocha) who was announced at the state’s Commissioner for Happiness and Purpose Fulfillment. Okorocha said...

Al-Makura Presents N122bn 2018 Budget

1 week ago /
Business and Economy  

Nasarawa State Governor, Tanko Al-Makura, has presented the 2018 Appropriation Bill of N122,820,943,284 to the State House of Assembly. The bill, which is tagged ‘Budget of Sustainable Development’, has an increase of 34.25% which represents N31billion as against the 2017 budget which was N91billion. While presenting the budget on Wednesday, the governor scored...

Court Adjourns Trial Of Ex-Naval Boss, Usman Jibrin

1 week ago /
Nation 

The Federal Capital Territory (FCT) High Court sitting in Maitama has fixed December 8 and 9 for further hearing in a case of N600million fraud involving a former Chief of Naval Staff, Vice Admiral Usman Jibrin. Jibrin is facing trial alongside Rear Admiral Bala Mshelia (rtd), Rear Admiral Shehu Ahmadu (rtd),...

Ayade Presents N1.3trn Budget, Biggest In Nigeria’s History

1 week ago /
Nation 

Cross River State Governor, Professor Ben Ayade, has presented the 2018 Appropriation Bill of N1.3trillion to the State House of Assembly. The budget is the largest a state has ever presented in Nigeria’s history, although Lagos State presented N812billion budget for 2017. According to Governor Ayade, the proposal christened “Budget of Kinetic...

Works, Power And Housing Minister Officials Clash With Lawmakers

2 weeks ago /
Nation 

The Minister of works, power and Housing Babatunde Fashola and members of the house of representative committee on power have traded words over Mambila Hydro Project.  The minister and his team were at the committee to explain the 701 Million Naira Mabila hydro power plant among others in the power sector Their...

2018 Budget Debate Continues In NASS

2 weeks ago /
Nation 

Debate on the proposed eight point six one trillion budget for 2018 continued in both chambers of the national assembly on Wednesday with many lawmakers questioning the projections. They believe the success of it would depend on the implementation of the 2017 budget. Nigeria is proposing budget of 8.61 Trillion Naira for...

Freedom Of Information Act Applicable To Lagos, Court Rules

2 weeks ago /
Nation 

A Lagos High Court sitting in the Ikeja Judicial Division has ruled that the Freedom of Information (FOI) Act, 2011 is applicable to the Lagos State government. A statement issued on Wednesday by the Programme Manager (Legal), Media Rights Agenda (MRA), Mrs Mosunmola Olanrewaju, said the court also ruled that the...

Saraki Expresses Worry Over Return Of Looted Funds

2 weeks ago /
Nation 

Senate president Bukola Saraki is disturbed that Nigeria is finding it difficult to convince other countries to return funds looted from the country. The senate president said the difficulties are as  a result  of the  poor handling of recovered funds; which he reiterated are often stolen again by Nigeria’s anti-graft agencies. Bukola...

Reps To Suspend Plenary, Commence Work On 2018 Budget

2 weeks ago /
Nation 

The House of Representatives on Tuesday, November 28 announced that it will suspend plenary from Thursday, November 30. The Deputy Speaker of the House, Mr Yussuff Lasun announced this on Tuesday during the debate over the proposed 2018 Budget. President Muhammadu Buhari on November 7, 2017 addressed a joint session of the...

Obaseki To Present N140bn 2018 Budget Proposal

2 weeks ago /
Nation 

The Governor of Edo State, Mr Godwin Obaseki, will on Wednesday, November 29, present the budget proposal for 2018 fiscal year to the Edo State House of Assembly for consideration. The budget is expected drive growth and progress in all sectors of the state. It has N73.9 billion for capital vote...


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