Some members of the Senate who contributed to the debate on the 2016 budget in the red chamber on Wednesday expressed doubt over the ability of the President Muhammadu Buhari administration to implement the fiscal document based on the current economic realities. Some of the senators in their contributions maintained that unless there was a […]
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THE 2016 budget for the State House may have been reduced by N100m from the N11,909,567,095 submitted by President Muhammadu Buhari three weeks ago to N11,809,567,097 uploaded on the website of the Ministry of Budget and National Planning Thursday on. An analysis of the fiscal document, which was submitted by the President to a joint […]
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NIGERIA Senate Joint Committee investigated the alleged disappearance of the 2016 budget document from the upper chamber on Wednesday quizzed five members of staff of the National Assembly. According to Punchng, The Chairman of the Senate Committee on Ethics, Privileges and Public Petitions, Senator Samuel Anyanwu, and another member of the committee, Senator Peter Nwaoboshi, […]
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The Chairman, Senate Committee on Media and Public Affairs, Senator Aliyu Sabi Abdullahi, has said that the 2016 budget proposal was not missing. He said no statement made by any Senator during Wednesday’s plenary could be interpreted as an admission that the 2016 budget is missing. Abdullahi made the clarification in a statement made available […]
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THE 2016 budget is not on the agenda of the House of Representatives as lawmakers reconvene this week in Abuja from their Christmas and New Year break, Punch learnt on Monday. The lawmakers will resume work on Tuesday (today), but contrary to expectations, the budget will not be on the table this week. Rather, other […]
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The proposed oil revenue in the 2016 budget presented by President Muhammadu Buhari to the National Assembly about three weeks ago is facing a setback as the nation’s crude exports begin to fall amid further slide in global oil prices. Industry analysts also say crude oil production in the country will continue its decline this […]
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A group, National Image, has expressed confidence in Governor Akinwunmi Ambode’s administration to fully implement the 2016 budget signed into law three days ago. The coordinator of the group, Seyi Bamigbade, who said this in a statement issued on Wednesday, expressed delight at the provisions made in the 2016 budget. According to him, the budgetary […]
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The Lagos State Governor, Akinwunmi Ambode, on Monday said the 2016 budget was the article of faith of his administration with Lagosians and was in line with delivering on the promises he made to the people. The governor, who spoke during a ceremony at the Lagos House, Ikeja, to mark the signing of the N662.588bn […]
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FEDERAL Government plans to refund N5bn to state governments that have spent their resources to fix federal road in their domains, The Punch report. The amount represents about 1.7 per cent of a total of N300bn being claimed by state governments for executed federal road projects. The proposal is contained in the budget document which has […]
Read More Benue State Governor Samuel Ortom yesterday presented N133 billion budget to the House of Assembly. He was accompanied by Deputy Governor Benson Abouno and members of the Executive Council. Ortom said capital expenditure would be N67.4 billion and recurrent expenditure, N65.9 billion. He said the economy sector had the highest allocation of N58.3 billion, representing […]
Read More The Lagos State House of Assembly on Thursday passed the N662.5bn Appropriation Bill presented by the state Governor, Akinwunmi Ambode on December 17, 2015. The House unanimously approved the 2016 budget after members deliberated on the report of the House Committee on Budget which scrutinised the bill as proposed by the governor. The report was […]
Read More According to The Punch, there have been indications that the National Assembly and the President, Pres. Muhammadu Buhari are not on the same terms over the 469 cars which the federal lawmakers plan to buy. Members of both chambers of the National Assembly, who spoke to our correspondents on Thursday, faulted Buhari’s opposition to the […]
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