SOME top officials of the federal government are about to lose their jobs for allegedly attempting to inflate the 2016 budget by over N1.7trillion, The Nation reveal. The unnamed officials are said to have embarrassed the Presidency by smuggling into the budget proposals such items as vote for Aso Rock Clinic and some communication equipment. Most […]
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NIGERIA National Assembly is expected to pass the 2016 Appropriation Bill on February 25. The House of Representatives also said on Wednesday that the N6.07tn proposed by the executive as the total size of the budget would be retained and passed. According to Punchng, The Chairman, House Committee on Appropriation, Mr. Abdulmumin Jibrin, said in […]
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MINISTER of Finance, Mrs. Kemi Adeosun, says Nigeria is exploring local and domestic sources to fund the N1.8tn deficit in the 2016 budget currently undergoing approval at the National Assembly, Punchng report. She, however, maintained that Nigeria had yet to submit any formal application for loans with any of the multilateral institutions. The minister said […]
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MINISTER of Budget and National Planning Udoma Udo- Udoma,, said yesterday that the 2016 budget is realisable in spite of the falling oil price. The minister according to the Director of Information in the ministry, Mr Charles Dafe, said the minister spoke when a delegation from the African Development Bank (ADB) visited the ministry. Udo-Udoma […]
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FORMER President Goodluck Jonathan says he is proud of the foundation he laid for the present progress the Nigerian Army is recording against the Boko Haram sect. He said the military equipment purchased during his administration is still being used to prosecute the terror war, adding that no new equipment has been bought since he […]
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The Senate yesterday passed the 2016 Appropriation Bill for second reading after concluding debate on the general principles of the bill, which started on Wednesday last week. Thereafter, the Senate also committed the document to its Committee on Appropriations, to coordinate the budget defence by the various ministries, departments and agencies (MDAs) of government. Consequently, […]
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The 2016 appropriation bill passed second reading amid scathing criticisms from members of the opposition at the House of Representatives yesterday. Speaker of the House, Yakubu Dogara however said the debate so far was illuminating and it should be a guide to the House in the perfection of the 2016 appropriation bill at the various […]
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TAX more Nigerians across the country in order to generate enough revenue to fund the 2016 budget, the Federal Government has been urged. According to BudgIT, a non-government organisation that specialises in analysing federal, state and local government budgets, the Federal Government should explore all available revenue-generating sources if it must actualise the over N6tn […]
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Members of the Senate and the House of Representatives are in a quandary over the crude oil benchmark to recommend for the 2016 budget, The Punch. The N6.07tn budget has had two days of debate on the general principles so far and will likely be referred to the committee stage on conclusion of the second […]
Read More FEDERAL government has given the direction it will take to run the economy in 2016. According to the federal government, it will fully implement the 2016 budget so as to recover from the slowing GDP growth and to forestall the remote possibility of recession. A statement from the Ministry of Finance Thursday said the Minister […]
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KANO State governor, Dr. Abdullahi Umar Ganduje has signed into law, the state’s 2016 Appropriation Bill, assuring that its implementation would commence immediately. The budget, tagged ‘A Peoples Budget for Self Reliance,’ is in the tune of N274.3 billion, with 70 per cent of it devoted to capital expenditure, while 30 per cent was set […]
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DESPITE the commotion that greeted the 2016 budget, the Majority Leader of the House of Representatives, Femi Gbajabiamila, says the budget is unprecedented in the country’s history. He said the budget was historic because for the first time in recent history, 30 per cent of the budget was dedicated to capital expenditure. The lawmaker, who said […]
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