Breaking – Nasarawa: Lawmakers pass revised 2020 budget in 3 days

July 23, 2020 Mohammed Yangida 0

The Nasarawa state House of Assembly Thursday, passed into law a revised 2020 budget of N62.96 billion, three days after governor Abdullahi Sule transmitted it to the lawmakers. Speaker of the House, Hon. Ibrahim Balarabe Abdullahi, announced the passage after Hon. Tanko Tunga, the Majority Leader of the House moved a motion for the passage of the bill into law and it was Read More

Nasarawa: Finance ministry defends revised 2020 budget, prioritise security, health

July 21, 2020 Mohammed Yangida 0

The Nasarawa state ministry of finance Tuesday, defended the 2020 revised budget of N62.96 billion as presented to the House of Assembly by Governor Abdullahi Sule. The state Commissioner for Finance Mr.Haruna Adamu, led the Accountant General, Directors of the ministry and some governor’s aides to defend the budget before the state House Committee on Finance and Appropriation in Lafia, the state Read More

NASS jerks up revised 2020 budget

June 11, 2020 Taiye Odewale 0

Both chambers of the National Assembly Thursday, jerked up the N10.509 trillion proposed by the executive as revised budget for 2020 fiscal year with N301 Billion by passing N10.810trillion as aggregate expenditure for the 2020 revised budget.The N301 billion added to the earlier proposal made by the executive arose from increases  made on Capital expenditure  proposal, which was jerked up Read More

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Nasarawa assembly wants due process in creation of chiefdoms, districts

December 12, 2019 Editorial IV 0

The Nasarawa state House of Assembly Committee on Local Government and Chieftaincy Affairs has advised the state government to respect due process when creating district and village areas. The chairman of the committee, Alhaji Mohammed Ibrahim-Alkali, gave the advice Thursday in Lafia, when the Ministry of Local Government, Community and Chieftaincy Affairs and the Local Government Service Commission, defended their Read More

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Oyo: Makinde presents N208.8 bn budget to Assembly

November 27, 2019 Editorial IV 0

Governor Seyi Makinde of Oyo state Wednesday presented a N208.8 billion Appropriation Bill for the 2020 fiscal year to the state House of Assembly. The budget presented by Makinde was N77 billion lower than the N285.2 billion 2019 budget presented in 2018 by his predecessor, Abiola Ajimobi. The N208,802,972,878 billion total budget proposal has N100,142,690,046 earmarked for capital expenditure and Read More

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Jigawa to begin payment of N30, 000 minimum wage in 2020 – Badaru

November 6, 2019 Editorial IV 0

Jigawa state governor, Mohammed Badaru Abubakar has pledged to commence payment of the N30, 000 new minimum wage in 2020. Governor Badaru dropped this hint Tuesday at the legislative chamber of the state House of Assembly in Dutse, the Jigawa state capital while presenting the state’s N152.92billion 2020 budget proposal. Addressing the lawmakers while presenting the budget for scrutiny and approval, the Read More

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N100bn intervention fund: NASS members jostle for N213m each

November 3, 2019 Editorial IV 0

As provided for in the N10.33 trillion 2020 budget proposal, the 469 federal lawmakers in both chambers of the National Assembly are scrambling to ensure capturing of their constituency projects under the N2.14 trillion capital expenditure component of the budget.  President Muhammadu Buhari had in the N10.33 trillion 2020 budget proposals, earmarked N100 billion for Zonal Intervention projects otherwise known Read More

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How NDIC fills FG revenue gap

October 25, 2019 Editorial IV 0

In the era of perennial shortfall in the revenue side of federal government’s budget proposals, the Nigeria Deposit Insurance Corporation (NDIC), which recently celebrated the 30th anniversary of its establishment, stands out as one of the few agencies that regularly and unfailingly remit billions of Naira into the federal government’s Consolidated Revenue Fund (CRF). The Consolidated Revenue Fund is the main Read More

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2020 Budget: Senate tasks FG on revenue generation

October 10, 2019 Editorial IV 0

The Senate Thursday , tasked  the executive arm of government to brace up for aggressive revenue drive in meeting up with the N8.155trillion projected as  expected  revenues for financing of the  N10.33trillion total expenditure profile of the  2020 budget proposals. This according to the Upper legislative Chamber,  is  very necessary to avoid poor performance that characterised the N8.9trillion  2019 budget Read More

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See how much FG is proposing as budget for 2020

September 11, 2019 Editor 0

The Federal Government has proposed a budget estimate of N9.789 trillion for next year. Finance Minister Mrs. Zainab Ahmed, who dropped the hint on Tuesday, reeled out the figures (N10, 110, 193, 322, 738) for 2021 and (N10, 418, 391, 196, 907) 2022. According to the Nation, she announced the proposals while presenting the draft of the 2020 to 2022 Read More

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New Senate President opens up on his monthly pay, says 2020 budget proposals expected in September

June 25, 2019 Editorial IV 0

Senate President, Senator Ahmed Lawan has said that his monthly take home as the number one man in the National Assembly is more than N750, 000 as against erroneous perception of monthly jumbo pay     The Senate President also declared that in line with plan to return yearly budget calendar  to January / December,  estimates of 2020  budget proposals are expected Read More

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Despite signing N8.83trn 2019 budget: Buhari says N90.33bn padding‘ll hinder implementation

May 28, 2019 Editor 0

President Muhammadu Buhari Monday signed the 2019 Appropriation Bill into law,  and said the ‘padded’ sum into the budget by the National Assembly would make implementation challenging. . Speaking at the signing of the estimates at the Presidential Villa in Abuja, the president said the increase of the appropriation from N8.83 trillion to N8.92 trillion by the National Assembly would Read More

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Breaking: NASS members in villa as Buhari signs 2019 budgets into law

May 27, 2019 Editor 0

Senate President Bukola Saraki and Speaker House of Representatives Yakubu Dogara and other senior members of the National Assembly are about now at the presidential villa for the signing of 2019 budget into law by President Muhammadu Buhari. Also expected at the ceremony are the Minister of Finance, Zainab Ahmed, Minister of Information, Lai Mohammed, Governor of the Central Bank Read More

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Budget delays: Who’s to blame?

May 11, 2019 Editor 0

Since the return of democratic governance about twenty years ago, the problem of delays in yearly budget passage has been a recurring decimal, regardless of the party in power, with attendant negative effects. This has led to the usual blame-game between the Presidency and the National Assembly. TAIYE ODEWALE and BODE OLAGOKE examine the causes of delays in budget passage Read More

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Senate Shifts Passage of 2019 Budget to Tuesday next week

April 24, 2019 Editorial IV 0

Senate again on Wednesday, shifted the final consideration and passage of the N8.83 trillion 2019 budget proposals to Tuesday next week. By that Tuesday, April 30, 2019, the lifespan of the Senate and by extension, 8th National Assembly, will remain 38 days, since June 8 and 9, will be on Saturday and Sunday respectively. The Appropriation bill as listed on Read More

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Nigerians await passage of 2019 budget as Senate resumes plenary Wednesday

April 24, 2019 Editor 0

The Senate may in plenary on Wednesday pass for third reading , the N8.83 trillion 2019 Appropriation Bill presented to the joint sitting of the National Assembly by President Muhammadu Buhari on the 19th of December, 2018. The final report on the budget estimates was laid before the Senate by the Chairman of its Appropriation Committee, Senator Danjuma Goje (APC Read More

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Senators seek sustainable alternative budget funding

March 14, 2019 Editorial IV 0

Senators on Wednesday called for more efforts by the federal government at building sustainable alternative sources of budget funding with focus on the agriculture sector. The senators made the call in separate contributions during a debate on the general principles of the 2019 Appropriation Bill, after it passed second reading at plenary. Their contributions came after the Leader of the Read More

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2019 Appropriation Bill’s elusive projections

December 24, 2018 Editorial III 0

Even before the commencement of legislative debates, Nigeria’s 2019 Appropriation Bill has sailed into unprecedented storm. The infantile rowdiness of members of the National Assembly during the president’s presentation on December 18 pales into insignificance in the face of an array of unrealistic projections dogging the budget proposal. The 2019 Appropriation Bill is primarily the casualty of the tactical and Read More

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2018 proposed budget’ll improve insurance growth–Orimolade

November 24, 2017 Editorial IV 0

The managing director, Law Union & Rock Insurance Plc, Mr Jide Orimolade has expressed confidence that the N8.612 trillion national budget would support Insurance Industry growth. Orimolade, who spoke at a parley with National Association of Insurance and Pension Correspondents (NAIPCO) in Lagos said the budget for 2018, if judiciously implemented would help the industry to experience rapid growth. The Read More