The House of Representatives Committee on Communications has rejected the N6.97billion budget of the Ministry of Communications for failing to provide satisfactory details of its 2016 budget spendings. For capital projects, the Ministry is proposing to spend N5.964billion, N742.880million for personnel while N216, 880 million was proposed for overhead cost. For emphasis, the Saheed Fijabi-led […]
Read More The Budget 2017 presented by Governor Akinwunmi Ambode on November 29, 2016 to the Lagos State House of Assembly, yesterday was passed. The Budget proposal presented worth, stood at N812.9 billion The Recurrent Expenditure stands at N305.1billion and the total Capital Expenditure N507.8billion. Although the total budget size of N812.9billion approved by the House yesterday […]
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Ogun State Governor, Ibikunle Amosun, has signed the 2017 budget of 221 billion Naira tagged “Budget of Repositioning” into law. Flanked by the Speaker of the state House of Assembly, Mr Suraj Adekunbi and some members of the state executive council, the Governor promised to implement the contents of the budget to the fullest, despite […]
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The Akwa Ibom Government says it will spend N94.8 billion or 26 per cent of its N365.2 billion budget for 2017 on roads, works and transport sectors. The state governor, Mr Udom Emmanuel, disclosed this on Thursday in Uyo while presenting the 2017 budget proposal before the state House of Assembly. Emmanuel explained that road […]
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President Muhammadu Buhari on Wednesday presented an annual budget of N7.298 trillion for the 2017 fiscal year. The presentation made at a joint session of the National Assembly has Power, Works and Housing receiving the lion share of N529 billion. Christened budget of budget of recovery and growth, Buahri proposed that the implementation of the […]
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Vice President Yemi Osinbajo has called for increased partnership between public and private sectors to create more jobs for the teeming unemployment youths in the country. He said that the federal government on its part was committed to creating an enabling environment and providing required infrastructure for business to thrive. Osinbajo said that even with […]
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The 2017 Appropriation Bill might be presented to the joint session of the National Assembly on the 1st of December, 2016 – this next month. Senate Minority Leader, Senator Godswill Akpabio, gave the hint on Wednesday while contributing to the debate on the 2017 to 2019 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper […]
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The Federal Government is proposing to fund part of the 2017 budget deficit of N2.69tn from funds recovered from treasury looters. This is contained in the Medium Term Expenditure Framework/Fiscal Strategy Paper, that was submitted to the National Assembly. The Senate had two weeks ago dismissed the 2017-2019 MTEF/FSP sent to it by President Muhammadu […]
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As the 2017 budget preparations kicks off, all Ministries, Department and Agencies (MDAs) of government have been directed to submit their budgets to a designated web portal domiciled in Budget Office. This is a departure from the old practice of MDAs submitting their annual budgets through flash drive to the Budget office. This new development […]
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The Federal Government has proposed the sum of N6, 866,335,052,740 as budget for 2017 fiscal year. The government also put the oil production figure for 2017 at 2.2 million barrels per day, while the projected oil benchmark price is put at $42.50. Average exchange rate for 2017 is slated at N290.00 per dollar. These were […]
Read More [T]he Senate President, Dr. Bukola Saraki, and the Minister of Budget and National Planning, Udoma Udo Udoma, yesterday promised early passage of the 2017 Appropriation Bill. Speaking with State House correspondents at the end of the signing ceremony of the 2016 budget at the Presidential Villa in Abuja, Saraki called for early work on the […]
Read More The Federal Government, in a bid to avoid the repetition of the crisis that trailed the 2016 budget, said on Thursday that it had commenced preparations for the 2017 budget process. The Minister of State for Budget and National Planning, Hajiya Zainab Ahmed, disclosed this when members of the Association of National Accountants of Nigeria led […]
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