Sunday, August 11, 2019

Tag "2017 budget"

    N’assembly seeks extension of Budget 2017 till May 31

N’assembly seeks extension of Budget 2017 till May 31

The national assembly is seeking to extend the 2017 budget to May 31, Mustapha Dawaki, chairman of the house of representatives committee on appropriation, has said.Speaking at a two-day public hearing on the 2018 budget, Dawaki said a letter has been written to Ahmed Idris, accountant-general of the federation (AGF), asking him not close the budget account.Dawaki said 2017 budget [...]

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    FG releases additional N750bn for capital projects

FG releases additional N750bn for capital projects

Kemi Adeosun, minister of finance, says the federal government has released an additional N750 billion for the implementation of capital projects to ministries, departments and agencies (MDAs).The minister made this known on Monday while speaking to a delegation of investors from France.This brings to N1.2 trillion, the total money released for capital projects in the 2017 budget.The federal government had [...]

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    Adeosun: We’ve released N450bn for capital projects

Adeosun: We’ve released N450bn for capital projects

Kemi Adeosun, minister of finance, says N450 billion has so far been released for capital projects in 2017.She said this on Thursday while addressing state house correspondents after the federal executive council (FEC) meeting in Abuja.However, the minister did not give a breakdown of the release.The N7.4 trillion 2017 budget has a total of N2.2 trillion (N2,177,866,775,864) meant for capital [...]

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    N305/$, 2.3mbpd, N7.9trn… 5 things to know about proposed 2018 budget

N305/$, 2.3mbpd, N7.9trn… 5 things to know about proposed 2018 budget

Udoma Udoma, minister of budget and national planning, has released some details about the proposed budget for 2018.The minister revealed the details during an interactive session with top government officials, civil society organisations and organised private sector (OPS) on the 2018-2020 medium term expenditure framework (MTEF) and fiscal strategy paper (FSP).He said the early submission of the budget would give [...]

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    Fashola honours reps’ invitation, tenders apology

Fashola honours reps’ invitation, tenders apology

Babatunde Fashola, minister of power, works and housing, has apologised to lawmakers in the national assembly for comments he made on the 2017 budget.The minister had said some provisions in the budget were "unconstitutional."This led to an exchange between him and lawmakers, and he was eventually summoned by the lower legislative chamber.Speaking when he appeared before an ad hoc committee [...]

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    You need behavioural guidance on parliament, Fashola replies Goje

You need behavioural guidance on parliament, Fashola replies Goje

Babatunde Fashola, minister of power, works and housing, says Danjuma Goje, senator representing Gombe central, needs "behavioural prescription about legislative function".Fashola said this in response to Goje's comment that he should resign if the work is too much.Goje made the statement while reacting to Fashola's criticism of the national assembly over the insertion of some projects into the 2017 budget.In a [...]

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    Budget 2017: Implementation is key

Budget 2017: Implementation is key

BY LOUIS OKOROMA It is a welcome relief to all Nigerians, that at long last, the 2017 budget has been signed and sealed. What remains to be done is for all hands to be on deck for a resounding delivery. The executive and the national legislature deserve accolade for a job well done, bearing in mind how problematic getting budgets on [...]

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    Reps spokesman accuses Fashola of spreading half-truth

Reps spokesman accuses Fashola of spreading half-truth

Abulrazak Namdas, spokesperson of the house of representatives, says the national assembly intervened in the 2017 budget proposal sent by the executive to carry every region along.Babatunde Fashola, minister of works, power and housing, had in an interview with TheCable, said some provisions of the budget violated the constitution.Responding, the senate and house of representatives accused the minister of spreading [...]

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    You took a risk by signing 2017 budget, Jibrin tells Osinbajo

You took a risk by signing 2017 budget, Jibrin tells Osinbajo

Abdulmumin Jibrin, suspended member of the house of representatives, says Acting President Yemi Osinbajo took a risk by signing the 2017 budget.The acting president had questioned the extent of changes made to the 2017 appropriation bill by the federal lawmakers, who replied that the national assembly acted within the law and is not a rubber-stamp body.In a statement on Monday, [...]

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    Recovered loot ‘will be used to fund 20 percent’ of 2017 budget’

Recovered loot ‘will be used to fund 20 percent’ of 2017 budget’

Okoi Obono-Obla, senior special assistant to the president on prosecutions, says 20 percent of the 2017 budget will be financed with recovered loot.Obono-Obla made this known on Tuesday while speaking with journalists in Abuja.He said that the federal government would, however, liaise with the national assembly for permission before the funds would be used.He commended the All Progressives Congress(APC) administration [...]

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    Osinbajo: We are gradually instilling confidence in our exchange rate regime

Osinbajo: We are gradually instilling confidence in our exchange rate regime

Acting President Yemi Osinbajo says the federal government is slowly instilling confidence in the country's exchange rate regime.Speaking on Monday, Osinbajo said the government is determined to reduce its reliance on borrowings to fund its expenditures.In the 2017 budget, the projected fiscal deficit of N2.36 trillion is to be financed largely by borrowing.The acting president assured that the new budget [...]

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    ‘Time to give this recession a punch’ — Twitter reactions to the signing of 2017 budget

‘Time to give this recession a punch’ — Twitter reactions to the signing of 2017 budget

Acting President Yemi Osinbajo has signed the 2017 budget into law, putting an end to the controversy on who will sign the budget.As expected Nigerians on Twitter have been reacting to the signing of budget which Osinbajo described as historic.Here are some of the reactions on Twitter:https://twitter.com/SKSolaKuti/status/874312801401151488https://twitter.com/akara_treasure/status/874312389201727488https://twitter.com/peekaymila/status/874311472754700290https://twitter.com/correctskilzz/status/874314087383040000https://twitter.com/luk_side/status/874313918193303552https://twitter.com/Mr_Wizzo/status/874313538931757056https://twitter.com/AbiolaTalks80/status/874310449688449026https://twitter.com/simonwada/status/874310350988075009https://twitter.com/d_problemsolver/status/874310031600226307https://twitter.com/libertybadmus/status/874309890218631169https://twitter.com/itsMyCompany/status/874307587155611648https://twitter.com/_EFEcted/status/874305787346202625https://twitter.com/mrchukwumaz/status/874304797415006209https://twitter.com/Recession9ja/status/874302702322417664 [...]

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    Debts, bigger tax base, exit recession… what to expect now that the budget has been signed

Debts, bigger tax base, exit recession… what to expect now that the budget has been signed

Finally, after the many controversies surrounding the signing of the 2017 budget, Acting President Yemi Osinbajo on Monday signed the 'budget of recovery and growth' into law.Big relief, you may say, considering that this is coming six months after it was first presented to the national assembly by President Muhammadu Buhari.The national assembly had passed the N7.44 trillion budget on [...]

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    Osinbajo to sign budget at 3pm

Osinbajo to sign budget at 3pm

Acting President Yemi Osinbajo will sign the 2017 budget at 3pm on Monday, TheCable has learnt.Bamikole Omisore, media aide of Senate President Bukola, told TheCable that his principal and Yakubu Dogara, speaker of the house of representatives, would join the acting president at the presidential villa for the exercise.The budget was due to be signed a fortnight ago, but the [...]

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    2017 budget will be signed next week, says Dogara

2017 budget will be signed next week, says Dogara

Yakubu Dogara, speaker of the house of representatives, says the presidency will sign the 2017 appropriation bill into law, "early next week".Speaking at a special session to commemorate the second anniversary of the 8th house, Dogara said the legislature has kept its promise of ensuring a transparent deliberation and passage of the budget.The speaker said all the measures put in [...]

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    Don’t sign illegal 2017 budget, Falana tells Osinbajo

Don’t sign illegal 2017 budget, Falana tells Osinbajo

Femi Falana, human rights lawyer and senior advocate of Nigeria, says it was illegal for the national assembly to increase the 2017 budget, and as such, Acting President Yemi Osinbajo should not sign the document.Falana said the national assembly lacked the constitutional powers to increase the budget presented by the president.Speaking in Ilorin, Kwara state, during a colloquium organised by the Movement [...]

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Exchange Rates

August 08, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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