The Peoples Democratic Party (PDP) has viewed President Muhammadu Buhari’s submission that the 2018 budget would be “near un-implementable” as a clear admission that the President lacks the capacity and competence to run a development-oriented economy as desired by Nigerians. According to the party, Nigerians and the business community worldwide were stunned by the President’s […]
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Protocols I would like to thank the leadership of the National Assembly, particularly the Senate President and the Speaker of the House of Representatives, as well as all the Distinguished Senators and Honourable Members, for passing the 2018 Appropriation Bill, after seven months. When I submitted the 2018 Budget proposals to the National Assembly on […]
Read More By Felix Onuah ABUJA, June 20 (Reuters) – Nigeria’s President Muhammadu Buhari signed a record 9.12 trillion naira ($29.00 billion) 2018 budget into law on Wednesday but said it required changes he would seek through a supplementary spending plan. Buhari is pushing to boost growth in west Africa’s biggest economy before an election next February […]
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President Muhammadu Buhari is set to sign the ₦9.1 trillion 2018 budget of the Federal Government tomorrow after succumbing to entreaties to avoid a shutdown of the government from that day. The president, according to reliable sources, had frowned at ₦500 billion increase in the ₦8.6 trillion proposal he submitted to the National Assembly last […]
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President Muhammadu Buhari will sign the 2018 Appropriation Act into law next week. The Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, disclosed this to State House correspondents at the Presidential Villa, Abuja on Wednesday. The presidential spokesman stated this after a meeting of the Federal Executive Council, presided over by […]
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Although the National Assembly passed its amended version of 2018 Budget last week, there may still be no respite for Nigerians as the five- month delay in its passage and implementation may have done enough damage to dampen the horizon for the citizens, Daily Sun report. Coming on the heels of huge worries expressed by […]
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Minister of Budget and National Planning, Senator Udoma Udo Udoma, has hinted that President Muhammadu Buhari might not assent to the 2018 budget recently raised to ₦9.1 trillion by the National Assembly with additional ₦501 billion. In an exclusive chat with Daily Sun, Special Adviser on Media to the Minister, Akpandem James, said the ₦501 […]
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Experts have commended the decision to raise the oil benchmark from $45 to $51 per barrel for the 2018 budget passed on Wednesday by the National Assembly, more than six months after it was presented. The National Assembly passed the 2018 Appropriation Bill of ₦9.12 trillion, raised from the ₦8.61 trillion proposed by President Muhammadu […]
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The report by the joint Senate and House of Representatives’ Committee on Appropriations on the 2018 Appropriation Bill was not laid at the Senate before the chamber adjourned plenary to Tuesday next week. The Senate cancelled today’s (Thursday) plenary to allow members of the All Progressives Congress caucus to prepare for the local government area […]
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Governor Akinwunmi Ambode Lagos State, on Monday, signed the 2018 Appropriation Bill of the State into law with a total budget size of ₦1,046 trillion. The total budget size comprises of ₦347, 038, 938, 872.00 to be funded from the Consolidated Revenue Fund, and ₦699, 082, 242,808.00 from the Development Fund for both capital and […]
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The House of Representatives Committee on Commerce on Thursday put on hold the defence of the 2018 budget proposal of the Ministry of Industry, Trade and Investment. According to Punchng, the primary reason was the failure of the Minister of the Ministry of Industry, Trade and Investment, Dr. Okechukwu Enelamah, to personally attend the budget […]
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Oyo State Governor Abiola Ajimobi has presented a budget of ₦267 billion to the State House of Assembly for ratification and approval. According to ChannelsTV, the presentation of the proposal tagged ‘Budget of Stabilisation’, was witnessed by people from all walks of life at the hallowed chamber of the Oyo State House of Assembly Secretariat, […]
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