budget

Federal Government (FG) is proposing a budget with estimates totalling N19.76tn, while the deficit will hover between N11.30tn and N12.41tn in the 2023 fiscal year. If the deficit settles at N12.41tn in 2023, the FG may need to…

Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed. Federal Government has on March 18 announced a slash in the 2020 budget by N1.5tn as part of measures to respond to the impact of coronavirus on the economy. Also…

The Federal government has on March 6 released N620 million for the fight against coronavirus.  In a statement released, the Minister of Finance, Zainab Ahmed said the approval and release of the funds by President Buhari was based on…

President Muhammadu Buhari has signed the 2019 appropriation bill of N8.91 trillion into law. The national assembly had passed the budget into law after increasing the budget size from its initial N8.83 trillion. Buhari signed the…

The Senate has passed the 2019 Appropriation Bill of N8.916 trillion. This is N86 billion higher than the proposal of N8.83 trillion presented by President Muhammadu Buhari to the National Assembly for the 2019 fiscal year. The…

President Buhari will be spending N1bn on travels, as it was learnt that the 2019 budget proposes N250,021,595 for the President’s local trips and N751,296,576 for him to travel internationally. Same budget proposed N83,974,710 for…

A report by the administrative panel of enquiry set up by the minister of labour and employment has shown that staff of the Nigeria Social Insurance Trust Fund (NSITF) spent N5.7 billion on pay TV subscription and fuel allowance. NAN…

President Buhari has said that the 2019 general elections will be costing about 242.4 billion Naira. The President said this today in a letter sent to the National Assembly, seeking that the funds be drawn from the 2018 and 2019 budgets.…

A civil society organisation, Socio-Economic Rights and Accountability Project, says the National Assembly violated the fundamental rights of Nigerians by cutting the proposed allocations for essential public services, including health,…

President Muhammadu Buhari has signed the 2018 appropriation bill into law. The presidency had submitted a proposal worth N8.612 trillion to the national assembly. Six months later, the national assembly increased the budget size…

The Senate yesterday expressed dissatisfaction with the implementation of the Federal Government’s N1.5 trillion National Social Investment Programme (NSIP) and described it as a failure. It lamented that the programme has not made…

Governor Seriake Dickson of Bayelsa state has warned politicians in the country to stop playing politics with funds and equipment allocated to the military and other security agencies. Reports have it that Dickson said the support…

Nigerians may not have heard the last about the passage of the 2018 budget presented to a joint session of the National Assembly by President Muhammadu Buhari on November 7. Senators in plenary Tuesday threatened to dump the fiscal…

The Vice President, Prof Yemi Osinbajo has disclosed that the figure of the 2017 Appropriation Bill, yet to be presented to the National Assembly, is about N7trillion. He however acknowledged that the size of the budget was not big…

After months of waiting and anticipation on the part of Nigerians, President Muhammadu Buhari has finally signed the 2016 budget. Buhari’s assent finally brings an end to the controversy surrounding the budget 2016 budget. The…