Last week’s sharp disagreement between the Presidency and the National Assembly, over the 2017 budget, may take a new twist, as lawmakers have vowed not to...
The Senate has warned the Acting President, Professor Yemi Osinbajo not to mistake its consultations with the executive on important national issues to mean that it...
The recent declaration by Minister of Budget and National Planning, Senator Udo Udoma, that unless the Internally Generated Revenue (IGR) of Nigeria rises by 40 per...
The National Assembly on Thursday, passed the 2017 Appropriation Bill. The two chambers approved a total budget of N7,441,175,486,758. The federal legislature also approved $44.50 as...
The consistent delay in the passage of budget by the National Assembly is slowing down growth, the Fiscal Responsibility Commission (FRC) has said. The agency’s report...
Director-General, Budget Office of the Federation, Mr Ben Akabueze, has refuted allegations that figures were inserted into the 2017 budget proposal before the National Assembly Addressing...
The Senate, on Wednesday warned that heads of MDAs who do not appear before the relevant committees for budget defence will have zero capital budget allocations....
The sum of N1.094.22 trillion was spent by the Federal Government on foreign debts servicing, with N1.044 trillion going in for the same reason for local...
Minister of Information, Culture and Tourism, on Tuesday, blamed the lack of smooth implementation of the 2016 budget on its late passage by the National Assembly....
Senators on Wednesday came hard on President Muhammadu Buhari over what they described as the unrealistic projections made in the 2017 budget. The lawmakers who took...
In an attempt to avoid the situation that hampered execution of Nigeria’s 2016 budget, the Federal Government has concluded plans to borrow about N450 billion, internally,...
President Muhammadu Buhari on Wednesday presented a budget N7.289 trillion for the 2017 fiscal year to a joint session of the National Assembly. The president said...
Perhaps, the Nigerian government had expected a pat on the back for its claims that it had spent about 41.1 per cent of the N6.06 trillion...
Suspended Chairman of the House of Representatives Committee on Appropriations, says other members of the house were blackmailed to back down in the fight to expose...
Former Governor of Ebonyi State, Senator Sam Egwu has said that the current economic recession in the country was caused by the recklessness of past leaders...
The Federal Government has said it would be setting aside another N500bn for its social intervention programs for 2017 budget. The move by the federal government,...
The Nigerian economy seems still in the low as its Central Bank Economic Report for the Second Quarter 2016 indicates a budget deficit of well over...
Jolted by the outcry over slow implementation of the 2016 budget, Nigeria’s government is said to have intensified search for funds with which to executive a...
The Nasarawa State Government has released over N60 million for the payment of backlog of pensions and gratuities to pensioners in the state. Mr Muazu Adamu-Gosho,...
The ousted Chairman of the House Committee Speaker, Abdulmumin Jibrin, has opened another set of allegations against the Speaker of the House of Representatives, Yakubu Dogara....
Speaker of the House of Representative, Yakubu Dogara has stated that the police cannot meddle in the affairs of the House. According to him, he cannot...
The Presidency on Tuesday, said the budget signed into law by President Muhammadu Buhari was not padded. This was stated by the Senior Special Assistant to...
A group of serving and former members of the House of Representatives have concluded plans to approach the courts for the interpretation of Section 80 (4)...
Nigeria will this week conclude talks with the African Development Bank (AfDB) for a $1 billion loan with which to finance its N6.06 trillion 2016 budget....
Ministerial officials preparing the 2017 budget are having sleepless nights over the fate of the proposal, as instability in the oil sector persists. A similar scene was witnessed during the collation of data for the 2016 budget, which saw the benchmark of price of oil...
To further buttress his claim of budget padding allegation, Mr Abdulmunin Jibrin has released step-by-step, details of how it happened. The former chairman, House of Representatives...
As part of measures to finance budget deficit, the federal government on Friday sold a total of N190 billion ($673.76 million) in treasury bills. Reuters reports...
The Lagos State Government has said it generated a total revenue of N101.69 billion in the first quarter of year 2016 with a surplus of ₦4.85...
President Muhamadu Buhari is said to be furious, and has vowed to deal with those involved in with more infractions to the 2016 budget that have...
Another round of crisis seems to be brewing over the 2016 budget, this time between federal civil servants and members of the National Assembly. The civil...
By Joseph Edgar . . . I have read the clarification from the Ministry of Budget stating clearly that the two projects both the Calabar-Lagos...
The Senate on Monday, sent a message to the Presidency to come clean with Nigerians on the 2016 Budget and stop engaging in surreptitious campaigns of...
Chairman, Senate Committee on Land Transport, Senator Gbenga Ashafa (Lagos East) has stated that the Executive did not tell Nigerians the whole truth on the issue...
Members of the National Assembly, like President Muhammadu Buhari are asking questions why the details of the 2016 budget, were not made known, but seemingly being...
The lower legislative chamber has assured that the 2016 budget will be passed by 17th March. Giving this assurance on Sunday was the Chairman, House Committee...
In its quest to address inconsistencies and alleged padding discovered by various standing Committees during interface with the Ministers and Heads of Departments and Agencies, the...
By Sonola Olumhense EARLY in my career, I was invited to dinner by my Second Republic state governor, Professor Ambrose Alli. I was to share his...
The growing crisis over the 2016 proposed budget may have taken a turn for the worse, as the National Assembly, on Tuesday said it was postponing the...
The governor of Ekiti State, Mr Ayodele Fayose has counseled President Mohammadu Buhari to withdraw and re-present the 2016 budget in order to save the country...
By Ali Smart The Ministry of Solid Minerals had a shortfall of N648m in the 2015 budget, Minister of Solid Minerals, Dr. Kayode Fayemi has said....
