[su_dropcap]T[/su_dropcap]he Finance Minister, Mrs. Kemi Adeosun has set out government’s plan to reset Nigeria’s economy with structured borrowing, targeted investment and diversified growth. Speaking at a special event hosted by the Lagos Business School, she said: “We have inherited a set of conditions that requires us to refine how we collectively work towards ushering in a […]
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[su_dropcap]T[/su_dropcap]he row over the budget is deepening. House of Representatives Appropriation Committee Chairman Abdulmumin Jibrin reacted angrily yesterday to the report that President Muhammadu Buhari was stopped by ministers from signing the 2016 Appropriation Bill because of its “mutilation” by lawmakers. According to The Nation, The lawmakers were accused of removing crucial capital projects from the […]
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[su_dropcap]T[/su_dropcap]he Nigeria Federal Government eyes the money set aside for funding joint venture projects with foreign and local oil firms to use in making up for any shortfall in the 2016 budget if its revenue projections are not met, the Minister of Finance, Mrs. Kemi Adeosun, has said. The nation has been trying to boost tax […]
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[su_dropcap]T[/su_dropcap]he hope of an early signing of the 2016 Appropriation Bill into law dimmed on Saturday with President Muhammadu Buhari’s decision to travel out of the country on Sunday. Buhari will be away from the country for one week as he begins a working visit to the Peoples’ Republic of China. According to a statement […]
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[su_dropcap]T[/su_dropcap]he Nigeria naira is expected to weaken more on the parallel market but flat on the official interbank market next week as businesses await the signing of the 2016 budget by President Mohammadu Buhari. The local currency closed at 320 against the dollar on the parallel market on Thursday, while it traded at 197 to […]
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[su_dropcap]P[/su_dropcap]resident Muhammadu Buhari will sign a loan deal with China during a visit next week as the Federal Government seeks funds to finance the over N2tn budget deficit This is expected to help the government to finance badly-needed infrastructure projects. Speaking to Reuters, the Special Adviser to the President on Media, Mr. Femi Adesina, said, […]
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[su_dropcap]A[/su_dropcap] member of the House of Representatives, representing Agege Federal Constituency, Lagos State, Taofeek Adaranijo, on Tuesday said the full details of the 2016 Appropriation Bill would be forwarded by the National Assembly to President Muhammadu Buhari for assent before the end of the week. Buhari had refused to sign the budget owing to the […]
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[su_dropcap]L[/su_dropcap]ike President Muhammadu Buhari, many members of the National Assembly, including some principal officers, are demanding from the leadership of the national legislature, details of the 2016 budget just approved, The Nation report. President Buhari is insisting on seeing the details approved by the National Assembly before appending his signature to the budget. However, it […]
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[su_dropcap]T[/su_dropcap]resident Muhammadu Buhari is not in a hurry to sign the N6.06trn 2016 Appropriation Bill passed by the National Assembly last Wednesday, it was learnt yesterday. Although the leadership of the National Assembly handed over the Bill to The Presidency for assent before it went on recess, our correspondent gathered that the Bill did not […]
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[su_dropcap]T[/su_dropcap]HE Chairman, Senate Committee on Land Transportation, Senator Gbenga Ashafa, has said that Nigerians can still scrutinise the content of the 2016 budget, which was passed into law last week by both chambers of the National Assembly. Ashafa, who stated this in an interview with Punchng, explained that any individual or group that believed that […]
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[su_dropcap size=”4″]L[/su_dropcap]awmakers have retained the N500 billion intervention fund for the poor in this year’s N6,077,680,000,000 budget. The Muhammadu Buhari administration plans to dole out N5,000 to the poorest in the land and feed school pupils, among its populist programmes, The Nation report. But the National Assembly yesterday passed the 2016 controversial budget with a reduction […]
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[su_dropcap]B[/su_dropcap]ARLEY 24 hours after passing the 2016 budget, the National Assembly has transmitted the Appropriation Bill to the Presidency. The Senate and the House of Representatives had on Wednesday passed a harmonised budget of N6.06tn, cutting about N17bn off the initial N6.077tn proposed by President Muhammadu Buhari on December 23, 2015. Findings indicated that there was […]
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