Buoyed by the rising oil prices in the international market and increase in oil production, the federal government has expressed confidence that the Nigerian economy will record significant growth in the last two quarters of 2018, notwithstanding activities surrounding the upcoming elections. This sanguine expectation was further boosted by the fact that the seismic forces […]
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The Minister of Budget and National Planning, Udo Udoma, has explained how the ₦9.1 trillion revenue to finance the 2018 budget will be raised by the Federal Government. Speaking during the public presentation of the 2018 budget on Thursday in Abuja, Udoma expressed optimism that the government would be able to generate enough revenue to […]
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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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The Minister of Budget and National Planning, Senator Udo Udoma, on Friday inaugurated the Joint Planning Committee of the 24th edition of the Nigeria Economic Summit. The committee, according to a statement, has a mandate to deliver a summit that will not only meet the expected outcomes but continue the work of placing the economy […]
Read More Minister of Budget and National Planning Senator Udoma Udo Udoma says that over 180 firms took part in the first phase of the Economic and Recovery Growth Plan (ERGP) Focus Labs, which covered a six week period in Abuja from March 12th to April 22nd. Udoma added that the Focus Labs produced 67,200 man-hours of […]
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Nigeria’s Minister of Budget and National Planning, Senator Udo Udoma, has said economy will be significantly better this year going by the consistent positive trend of key indicators since the country emerged from recession in the second quarter of last year. Udoma, who spoke at the 2018 Economic Outlook Forum of the Redeemed Christian Church […]
Read More The Minister of Budget and National Planning, Senator Udo Udoma on Wednesday said that with the exit of the economy from recession, the task ahead is to grow the economy in a rapid manner. Udoma who said this while reacting to the Gross Domestic Product growth rate report released on Tuesday by the National Bureau […]
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President Muhammadu Buhari on Monday received almost a two-hour briefing from the Minister of Budget and National Planning, Senator Udoma Udo Udoma, the Minister of Finance, Mrs Kemi Adeosun, and Governor of the Central Bank of Nigeria, Mr Godwin Emefiele. The Ministers and CBN Governor updated the President on the improving economy, implementation of the […]
Read More The Federal Government appears more favourably disposed to giving the Organised Private Sector (OPS) the support it needs to play a leading role in the revival of Nigerian economy currently buffeted by recession. This sentiment was amply demonstrated in Lagos recently, when the Minister of Budget and National Planning, Udoma Udo Udoma, spoke on the […]
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The Federal Government has said the country needs more than 100, 000 new tractors to achieve production targets in the nation’s agricultural sector. The Minister of Budget and National Planning, Senator Udo Udoma, stated this while speaking at the inauguration of the Higher Institution Tractorisation Initiative in Abuja. The initiative is a joint agreement on […]
Read More Despite zero release, so far, for capital expenditure this year, the Federal Government yesterday projected a budget of ₦7,939,307,110.56 for the 2018 fiscal year. The Minister of Budget and National Planning, Senator Udoma Udo Udoma, unveiled the projections in Abuja at a forum witnessed by civil society organisations, media, organised private sector and the general […]
Read More 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, […]
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