Monday, April 22, 2019

Tag "budget"

    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", [...]

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    CSOs ask Buhari to increase education budget

CSOs ask Buhari to increase education budget

Civil society organisations, education stakeholders and concerned citizens are calling on President Muhammadu Buhari to give priority to education in his second term in office.The stakeholders, in a joint statement, also expressed concern over the number of out of school children in the country, laying emphasis on the girl-child.According to the statement, the groups collected over 2,500 signatories in a [...]

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    El-Rufai signs 2019 budget into law

El-Rufai signs 2019 budget into law

Nasir el-Rufai, governor of Kaduna, says as a beneficiary of public schools, he owes it to the children of "ordinary people", a duty to restore public education in the state.El-Rufai said this on Friday when he signed the state budget into law.The approved budget size is N157.449bn, with the capital component of N94.47bn, while recurrent expenditure is N62.97bn.Speaking during the [...]

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    Oshiomhole: I pray national assembly won’t distort 2019 budget

Oshiomhole: I pray national assembly won’t distort 2019 budget

Adams Oshiomhole, national chairman of the All Progressive Congress (APC), says he hopes the national assembly will not distort the 2019 appropriation bill presented by President Muhammadu Buhari.Buhari presented the N8.6 trillion budget to a joint session of the national assembly on Wednesday.Oshiomhole described Buhari’s presentation of the budget as “a successful outing.”“I think it was done very well and analytically [...]

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    ‘You often send window dressing documents’ — senator blames executive for budget delay

‘You often send window dressing documents’ — senator blames executive for budget delay

Biodun Olujimi, senate minority leader, has accused President Muhammadu Buhari of unjustly blaming the national assembly over the delay in the passage of the 2018 budget.The senator said contrary to Buhari’s claim that the lawmakers delayed the passage, what the executive usually sends to the legislative chamber is "window dressing documents".Buhari presented the budget to the national assembly in November 2017 [...]

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    Buhari: Why I am disappointed in national assembly

Buhari: Why I am disappointed in national assembly

President Muhammadu Buhari says he felt disappointed in the national assembly for delaying the passage of the 2018 budget by seven months.Femi Adesina, presidential spokesman, quoted Buhari to have said this when he received a delegation of citizens of Niger state led by Abubakar Bello, the governor, at the presidential villa in Abuja on Friday.Buhari presented the budget to the [...]

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    N’assembly’s 2017 budget ‘higher than those of 10 states’

N’assembly’s 2017 budget ‘higher than those of 10 states’

Enough is Enough Nigeria (EIE), a civil society organisation, says the N125 billion budget of the national assembly in 2017 was higher than of those of 10 states in the country.Adeolu Adekola, programme director of EIE, said this on Wednesday while addressing a press conference in Abuja.Adekola said they wrote to the leadership of the national assembly and then [...]

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    Bone of contention: The issues delaying INEC’s budget for 2019 polls

Bone of contention: The issues delaying INEC’s budget for 2019 polls

The national assembly joint committee considering the budget for 2019 elections has met on three occasions – and all three meetings have been inconclusive.Before the lawmakers embarked on their annual recess on July 24, President Muhammadu Buhari had sent a supplementary budget of N242 billion to be passed for the 2019 elections.Amid calls to reconvene and pass the budget, the [...]

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    2019 polls: INEC budgets N6bn for feeding of security operatives

2019 polls: INEC budgets N6bn for feeding of security operatives

The Independent National Electoral Commission (INEC) has finally met with lawmakers to kick-start the process of passing the budget for 2019 elections.The leadership of the electoral umpire met with the house of representatives committee on electoral and political parties matters in Abuja on Wednesday, regarding the N189 billion budgeted for it to conduct the election.President Muhammadu Buhari had sent a [...]

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    Udoma: Buhari yet to receive passed 2018 budget

Udoma: Buhari yet to receive passed 2018 budget

Udoma Udoma, minister of budget and national planning, says President Muhammadu Buhari is yet to receive the 2018 budget passed by the national assembly.Udoma disclosed this on Wednesday while responding to questions from state house correspondents at the end of the of federal executive council (FEC) meeting.On May 16, the national assembly had approved the budget,  six months after it [...]

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    Senate gives agencies one-week ultimatum to submit budgets

Senate gives agencies one-week ultimatum to submit budgets

The senate has given a one-week ultimatum to government agencies to submit their budgets or "face necessary actions".The resolution of the senate was sequel to a motion sponsored by Ahmed Lawan, senate leader, on Wednesday.Lawan said out of the over 60 agencies, only the Nigerian Communications Commission (NCC) has submitted its budget.The senate leader said President Muhammadu Buhari has done [...]

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    Budget ministry director dies while playing badminton in Abuja

Budget ministry director dies while playing badminton in Abuja

Abdulyekin Sanchi, finance director at the ministry of budget and national planning, slumped and died while partaking in a badminton tournament in Abuja.The incident reportedly occurred around 9am on Saturday.Sanchi was said to have been rushed to a nearby hospital from the tournament venue, where he was pronounced dead.His death happened eight days after Ayodeji Tinubu, an aide of Akinwunmi Ambode, [...]

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    35 states get N28bn loan to pay salaries — minus Lagos

35 states get N28bn loan to pay salaries — minus Lagos

The federal government has given approval for the release of N28 billion as budget loan for 35 states, excluding Lagos which does not need it.Udoma Udoma, minister of budget and national planning made this known to reporters at the end of the national economic council (NEC) meeting chaired by Vice-President Yemi Osinbajo.According to him, each state will receive N800 million to [...]

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    2018 Budgetary spending ‘NOT N8.6trn but around N10trn’

2018 Budgetary spending ‘NOT N8.6trn but around N10trn’

Jide Akintunde, managing editor and chief executive officer of Financial Nigeria Magazine, says the 2018 budget presented to a joint session of the national assembly by President Muhammadu Buhari, is “worse than nonsense.”Speaking in an interview with Osasu Igbinedion on the Osasu Show, Akintunde said the budget is grossly unrealistic, adding that it will only increase the debt bucket of [...]

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    Buhari writes national assembly, to present Budget 2018 Tuesday

Buhari writes national assembly, to present Budget 2018 Tuesday

President Muhammadu Buhari has written a letter to the national assembly, seeking to present the estimates of the 2018 budget.Yakubu Dogara, speaker of the house of representatives, read the letter at plenary on Thursday.Buhari requested to present the budget to a joint session of the national assembly at 2pm on Tuesday.Udoma Udo Udoma, minister of budget and national planning, had [...]

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    Budget 2018 being finalised, says presidency as FEC meeting is moved to Thurs

Budget 2018 being finalised, says presidency as FEC meeting is moved to Thurs

The presidency has postponed this week's federal executive council (FEC) meeting to Thursday.The meeting usually holds on Wednesday.Garba Shehu, spokesman of President Muhammadu Buhari, announced the postponement in a tweet. He said the only agenda of the meeting is the 2018 budget.“Federal executive council (FEC) meeting will hold tomorrow, Thursday October 26. Agenda is #Budget2018, which is currently being finalized," the [...]

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Exchange Rates

April 18, 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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