Barely 24 hours after signing the 2017 Appropriation Bill into law, Acting President Yemi Osinbajo, on Tuesday, began action on the 2018 budget. The vice president met with top government functionaries and asked them to carry out necessary actions towards completing the preparation and submission of the budget to the National Assembly in early October. […]
Read More
The Minister of Budget and National Planning, Udoma Udo Udoma has called on the Centre for Management Development (CMD) employees to help government actualise its Economic Recovery and Growth Plan (ERGP’s) goals. Speaking in Lagos during a facility tour at the CMD’s Lagos office, the ERGP, according to him, needs everybody’s contribution to succeed. He […]
Read More
Officials of the Ministry of Finance and the Budget Office of the Federation will today (Friday) meet over the clash in some of their functions, correspondent have revealed. President Muhammadu Buhari had in November last year created the Ministry of Budget and Planning from the Finance ministry. Buhari had named Mrs. Kemi Adeosun and Senator Udo […]
Read More
The Minister of Budget and National Planning, Senator Udo Udoma, on Friday tasked statisticians to come up with appropriate and improved methods of data production in Nigeria. Udoma, who delivered a keynote address at an event to celebrate the African Statistics Day in Abuja, called for close collaboration between users of statistics and producers of […]
Read More
The economy is in recession, the government admitted yesterday. Udoma Udo Udoma, Budget and National Planning Minister said two negative quarters growth “technically” amount to recession. He was aware of only the negative growth in the first quarter, but he suspected the yet to be received second quarter report would also be negative. Udoma said while […]
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
[su_dropcap]T[/su_dropcap]o avert a fresh lockdown on the 2016 Budget, a government delegation led by Minister of National Planning, Sen. Udoma Udo-Udoma yesterday began talks with Speaker of the House of Representatives, Yakubu Dogara and top leaders of the National Assembly. Senate President Bukola Saraki is expected to join the reconciliation team today (Monday) after cutting […]
Read More [su_dropcap]N[/su_dropcap]IGERIAN external reserves reduced by $6.7bn within a period of 21 months. This disclosure was contained in a paper presented to the just-concluded two-day retreat of the National Economic Council by the Minister of Budget and National Planning, Senator Udo Udoma. Our correspondent on Wednesday sighted a copy of the paper entitled: ‘Strategic Implementation Plan for the […]
Read More
The National Assembly yesterday raised concern about the implementation of the N500 billion special intervention fund, a cardinal programme of the Buhari administration. The lawmakers were categorical that though the plan by the Federal Government to spend N500 billion on vulnerable Nigerians is laudable, its implementation will pose problems. According to The Nation, Chairman, Senate Committee […]
Read More
The Federal Government on Thursday sealed a pact of $11m (N2.17bn) with the Japanese Government for an emergency improvement of electricity supply facilities in Abuja. The project to be implemented by the Japanese International Cooperation Agency and the Ministry of Power is aimed at procuring and installing power capacitor banks at the existing two sub-stations […]
Read More
MINISTER of Budget and National Planning Udoma Udo- Udoma,, said yesterday that the 2016 budget is realisable in spite of the falling oil price. The minister according to the Director of Information in the ministry, Mr Charles Dafe, said the minister spoke when a delegation from the African Development Bank (ADB) visited the ministry. Udo-Udoma […]
Read More Nigeria’s National Economic Council (NEC) has ruled out the possibility of increasing the Value Added Tax and other Corporate taxes by the Federal Government. NEC yesterday after a meeting at the presidential villa Abuja presided over by Vice President Yemi Osinbajo agreed that any attempt to increase taxes including VAT would bring additional hardship to […]
Read More
