Since the introduction of the Treasury Single Account in September 2015, the Federal Government has saved a total of ₦128 billion from charges imposed by banks for managing funds belonging to the Ministries, Departments and Agencies of the government. The amount, according to investigations, represents the various charges and account maintenance fees, which where hitherto […]
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Some Senators, on Thursday, slamed the Presidency and Ministries, Departments and Agencies (MDAs) of the Federal Government, for violating the constitution and other laws of the nation by not submitting their audited reports to the office of the Auditor General of the Federation (AGF). Senators’ allegation was made by the Chairman, Senate Public Accounts Committee […]
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The Federal Government says it has generated over ₦3 trillion since the commencement of Treasury Single Account (TSA) policy. The Minister of Finance, Mrs. Kemi Adeosun, made the disclosure in a document to highlight the programmes of the ministry in the past 24 months. According to her, the government put its feet down to ensure […]
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The Federal Government has said it has saved a total of ₦30 billion through an audit of its 181 Ministries, Departments and Agencies conducted by the Presidential Initiative on Continuous Audit. The development was contained in a report on the achievements of the Minister of Finance, Mrs. Kemi Adeosun, in the last two years. The […]
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The Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari, Wednesday, approved the sum of ₦25,994 billion for Distribution Companies (Discos), to offset some of the debts owed by Ministries Departments and Agencies (MDAs). The Council approved the verified sum of ₦25.994 billions for Discos out of the claims of ₦67.41 billions, leaving […]
Read More The Nigeria’s Federal Government yesterday disclosed it released ₦336 billion as first quarter 2017 capital expenditure for federal Ministries, Departments and Agencies (MDAs). A statement from the Finance Ministry, said that the balance of N14 billion was being processed, pending resolution of some formalities within the agencies concerned. According to the statement, the Ministry of […]
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Acting President Yemi Osinbajo, members of the Federal Executive Council (FEC), alongside Permanent Secretaries and Heads of Ministries, Departments and Agencies (MDAs), held a retreat at the State House Conference Centre, Abuja, over the implementation of the Economic Recovery and Growth Plan (ERGP) and the 2018 budget preparation process. The retreat was themed, “Building Synergy […]
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The Federal Government has recovered over ₦460 billion operating surplus from its Ministries, Departments and Agencies between 2010 and June 2017. The amount, recovered through the Fiscal Responsibility Commission has, been remitted into the Consolidated Revenue Fund account. The Acting Chairman, FRC, Mr. Victor Muruako, who gave the figure in Abuja, said the country had […]
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Minister for Budget and National Planning, Mr Udoma Udo Udoma, has warned Federal Government Ministries, Departments and Agencies (MDAs) against padding their personnel budget proposals for the 2018 fiscal year. The Minister gave the warning in a circular to the Chief of Staff to the President, the Deputy Chief of Staff to the Vice President, […]
Read More The Federal Government is expected to release ₦350 billion to Ministries, Department and Agencies ( MDAs) for towards execution of capital projects under the 2017 budget, Minister of Finance, Mrs. Kemi Adeosun has said. Speaking during an interactive session that preceded the official public presentation of 2017 Appropriation Act organized by the Budget Office and […]
Read More Nigerian Government on Friday banned ministries, departments and agencies from transacting business with companies and other corporate bodies that are not duly registered by the Corporate Affairs Commission. A circular issued by the Office of the Secretary to the Government of the Federation said that the measure was aimed at protecting the MDAs from entering contractual […]
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The Nigerian Government yesterday extends the implementation of the capital component of the 2016 budget from March 31 to May 5, or till the passage of the 2017 budget, whichever is earliest. The Ministry of Finance said in a statement that already, the Accountant-General of the Federation, Alhaji Idris Ahmed, had issued a circular to […]
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