Tag "budget"

    Reps panel increases 2020 budget by N260bn

Reps panel increases 2020 budget by N260bn

The house of representatives committee on appropriations has recommended an increase in the 2020 budget by N260 billion.The committee’s recommendations were contained in its report presented at Wednesday’s plenary session by Muktar Betara, its chairman, thereby increasing the size of the appropriation bill from its initial N10.33 trillion to N10.59 trillion.On October 8, President Muhammadu Buhari presented a budget proposal of [...]

0 comment Read Full Article
    Finally, Buhari sends NDDC 2019/2020 budgets to n’assembly

Finally, Buhari sends NDDC 2019/2020 budgets to n’assembly

President Muhammadu Buhari has finally sent the 2019/2020 budget for the Nigerian Delta Development Commission (NDDC) to the national assembly for passage.The president presented the 2019 and 2020 appropriations bills of the agency to both the senate and house of representatives in separate letters read during Tuesday’s plenary session.The president’s letter did not give the estimates of the budget which [...]

0 comment Read Full Article
    Sanwo-Olu presents N1.16trn 2020 ‘budget of awakening’

Sanwo-Olu presents N1.16trn 2020 ‘budget of awakening’

Babajide Sanwo-Olu, governor of Lagos, presented N1.168 trillion 2020 appropriation bill to the state house of assembly on Friday.The budget presented to the assembly consists of a capital and recurrent expenditure of N723.6billion and N441.8billion respectively.The estimates tagged ‘Budget of Awakening’ is about N294 billion more than the state’s 2019 budget of N874 billion.“The proposed budget size for the year [...]

1 comment Read Full Article
    Sanwo-Olu to speak at town hall meeting on Lagos budget process

Sanwo-Olu to speak at town hall meeting on Lagos budget process

Babajide Sanwo-Olu,  governor of Lagos state, will on November 15, speak at a town hall meeting to discuss the state's budget. The meeting is organised by Connected Development (CODE), a non-governmental organisation in partnership with ActionAid.In a statement, the organisers said the event,  tagged: "LAGOS YOUTH BUDGET TOWN HALL MEETING", will hold at the Julius Berger Auditorium in the University of [...]

0 comment Read Full Article
    Lawan: FG borrowing to fund budgets because many agencies don’t deliver

Lawan: FG borrowing to fund budgets because many agencies don’t deliver

Senate President Ahmad Lawan says the federal government has been borrowing to fund budgets because many revenue-generating agencies have been performing below expectation.Ezrel Tabiowo, special assistant (press) to the senate president, quoted Lawan as saying this while speaking at the third University of Benin/National Institute for legislative and Democratic Studies (NILDS) convocation ceremony.The senate president reportedly said national assembly through [...]

0 comment Read Full Article
    Yakubu: INEC followed 2019 budgetary provision despite pressure

Yakubu: INEC followed 2019 budgetary provision despite pressure

Mahmood Yakubu, chairman of the Independent National Electoral Commission (INEC), says the commission followed the 2019 budgetary provision despite pressure to accommodate some of its activities.He said this while addressing the national assembly joint committee on budget defence in Abuja, on Thursday.The INEC chairman said the commission’s budget status gives it the flexibility to move funds from one head to [...]

0 comment Read Full Article
    Buhari to present 2020 budget on Tuesday

Buhari to present 2020 budget on Tuesday

President Muhammadu Buhari will present the 2020 budget to the national assembly on Tuesday.The president said this via a letter addressed to the leadership of the assembly. The letter was read at both chambers during Thursday’s plenary.While addressing journalists, Adedayo Adeyeye, senate spokesman, said the president will arrive the national assembly at 2pm.“Next Tuesday by 2 p.m., the president will [...]

0 comment Read Full Article
    N’assembly: MDAs diverting govt revenues with frivolous excuses

N’assembly: MDAs diverting govt revenues with frivolous excuses

The national assembly has warned government ministries, departments and agencies (MDAs) against expenditures not approved or allocated for in the budget.The legislature specifically cautioned against spending revenues generated by various government agencies without the required approval.The warning was issued by Solomon Adeola, chairman of the senate committee on finance, and James Faleke, his counterpart in the house of representatives, after [...]

0 comment Read Full Article
    FG proposes N9.79 trillion for 2020 budget

FG proposes N9.79 trillion for 2020 budget

The federal government says it will propose a sum of N9.79 trillion to the national assembly as total expenditure in the 2020 budget.The amount which represents an increase of 9.75 percent over N8.916 trillion spending for 2019, is based on the projection of a proposed revenue of about N7.64 trillion and a total proposed fiscal deficit component of about N2.142 trillion.Zainab [...]

0 comment Read Full Article
    I didn’t inflate contracts, Fashola tackles BPP

I didn’t inflate contracts, Fashola tackles BPP

Babatunde Fashola, minister of works and housing, says there was no inflation in the contracts awarded by his ministry in 2018.The Bureau of Public Procurement (BPP) said it saved N26 billion for the federal government in 2018 by revising the sums of government contracts approved by some ministries, departments and agencies.The agency said the highest reduction was made from the ministry [...]

0 comment Read Full Article
    BudgIT beams its searchlight on Ghana

BudgIT beams its searchlight on Ghana

BudgIT, a civic tech organisation, has launched operations in Ghana.Gabriel Okeowo, BudgIT principal lead, announced the development in a statement on Thursday.BudgIT uses an array of tech tools to simplify the budget and matters of public spending for citizens, with the primary aim of raising the standard of transparency and accountability in government.“This exactly is our ultimate goal in Ghana, [...]

0 comment Read Full Article
    SHOCKER: Aso Rock got N15bn for cars, generators and travels in 10 years

SHOCKER: Aso Rock got N15bn for cars, generators and travels in 10 years

Nigeria’s seat of power got N15 billion for cars, generators and travels between 2010 and 2019.Budget documents analysed by TheCable showed that in those years, a total of N664 million was allocated to generators, while local and international trips gulped N7 billion and cars got N7.32 billion.Within the period that Aso Rock got the huge resources, US-based Brookings Institution rated [...]

0 comment Read Full Article
    ‘N1bn for governor’s special project’, ‘N275m for construction of toilets’ — Enugu’s 2019 budget

‘N1bn for governor’s special project’, ‘N275m for construction of toilets’ — Enugu’s 2019 budget

The Enugu state government has budgeted N2.2 billion for purchase of cars for various government officials during the 2019 fiscal year.An extract of the N109.2 billion budget shared by BudgIt, Nigeria’s civic tech organisation, shows that N275 million was also allocated for construction of 71 four-room water closet toilets with overhead tank.The budget has N65.7 billion as recurrent expenditure while [...]

0 comment Read Full Article
    Lawan: With N750,000 monthly salary, my office needs proper funding

Lawan: With N750,000 monthly salary, my office needs proper funding

Senate President Ahmad Lawan says his office needs proper funding as his monthly salary is N750,000.Lawan spoke when members of "The Senators Forum" paid him a visit at his office on Tuesday.He said the national assembly needs "proper funding" because the legislature is critical to the development of the country."I receive N750,000 as my salary. My office needs to be [...]

0 comment Read Full Article
    Sanwo-Olu signs N873bn 2019 budget

Sanwo-Olu signs N873bn 2019 budget

Babajide Sanwo-Olu, governor of Lagos state, has signed the 2019 budget of the state into law.The N873 billion budget was signed on Monday.According to the budget breakdown, 45% (N393,841,387) of the budget will be dedicated to recurrent expenditure while 55% (N479, 691, 775) is to be utilised for capital expenditure.Akinwunmi Ambode, former governor of the state, had submitted a budget [...]

0 comment Read Full Article
    ICPC chairman: Executive arm more corrupt than legislature

ICPC chairman: Executive arm more corrupt than legislature

Bolaji Owasanoye, chairman of the  Independent Corrupt Practices and other related offences Commission (ICPC), says the executive arm of government in Nigeria is more corrupt than the legislative and judicial arms.According to Rasheedat Okoduwa, ICPC spokesperson, Owasanoye made the comment while delivering a lecture at the induction for new legislators in Abuja.Tagged "The legislature and fight against graft and corruption", [...]

0 comment Read Full Article
1 2 3 6
Advertisement
Advertisement
Advertisement

Advertisement

Exchange Rates

December 01, 2019USDGBPEUR
INTERBANK306397354
LAGOS358475413
KANO359474413
PH360475412
ABUJA358476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement