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Agenda for Betara Aliyu

September 26, 2019 Editorial III 0

The recent appointment of Hon Muktar Aliyu Betara as the chairman of the Appropriation Committee of the House of Representatives has clearly demonstrated his humility, diligence, hard work and honesty. His appointment to that position by the Speaker Femi Gbajabiamila is not by happenstance, considering Betara’s background as an articulate accountant and a hardworking and diligent public servant. He earned Read More

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Gbajabiamila canvasses early 2020 budget, suggests September deadline

July 2, 2019 Editorial IV 0

Speaker of the House of Representatives Hon Femi Gbajabiamila has told the presidency that the house would be expecting the 2020 budget in September, with a view to having same passed by January 2020. According to the speaker, the house would be using three weeks to work on the 2021-2023 Medium Term Expenditure Frameworks (MTEF), and Fiscal Strategy Paper (FSP), Read More

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FG releases N1b for AFCON, Falcons, Flying Eagles

June 30, 2019 Editorial IV 0

The Federal Government has released one billion naira to the Nigeria Football Federation (NFF) to cover the country’s participation at the 2019 AFCON in Egypt as well as pay up the outstanding entitlements of both the Super Falcons and the Flying Eagles. This cash came under the intervention fund as the NFF failed to submit the budget for the 2019 Read More

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Forex rate, inflation to be tested as FG begins budget implementation

June 19, 2019 Editorial IV 0

The relatively stable foreign exchange (forex) and seemingly benign inflation rate will come under test as the Federal Government (FG) will begging to implement the 2019 budget and pay the new minimum wage, beginning with arrears of two months. According to Bismarck Rewane, chief executive officer of Financial Derivatives Company (FDC) Limited, “naira pressure will commence as budget releases are Read More

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CODE trains facilitators on tracking of govt spending

May 31, 2019 Editorial IV 0

Connected Development (CODE), a non-governmental organisation has organised a one day training workshop for Borno state chapter of champions with the support of Open Society Initiative for West Africa (OSIWA) to strengthen the capacity of the participants on Follow The Money/Tracking Government Spending on projects as provided in the budgets for the grassroots communities. The workshop with the theme, Strengthening Capacity for Follow The 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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NNPC remits N1.26trn to Federation Account in 2018-Baru

May 21, 2019 Editorial IV 0

The Nigerian National Petroleum Corporation (NNPC) said it remitted to the federation account the sum of  N1.26 trillion as against the N1.22 trillion projected in the 2018 budget. According to the state run oil corporation, it represents a surplus of N41billion. The Group Managing Director of NNPC, Dr. Maikanti Baru represented  Managing Director, Mr. Godwin Okonkwo, made the submission during a presentation 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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IMF’s executive board approves 2020–2022 medium-term budget

April 24, 2019 Editorial IV 0

The Executive Board of the International Monetary Fund (IMF) has approved the Fund’s administrative and capital budgets for financial year (FY) 2020, beginning May 1, 2019. It board also took note of indicative budgets for FY2021–22. The net administrative budget for FY2020, which covers all administrative expenses less receipts (primarily from external sources to help support capacity building activities and 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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Niger Delta ministry present N41bn budget to NASS

April 5, 2019 Editorial II 0

The Minister of Niger Delta Affairs, Pastor Usani Uguru Usani has presented a draft budget of N41,600,274,568 covering capital, overhead and personnel appropriation for 2019 before the Senate and House of Representatives committees on Niger Delta on Thursday. The minister said about 80 projects, covering roads, water, electricity, housing, blocks of class room, food, cassava processing plants, health care centres, Read More

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Breaking: Senate ‘dumps’ 2019 budget, face Minimum wage

January 24, 2019 Editor 0

Despite having 2019 budget still begging for attention after it was submitted by President Muhammadu Buhari, the Senate has suspended its rules by evoking order 79 to give the new Minimum Wage (amendments) Bill an accelerated consideration. No sooner had the Deputy Senate President, Ike Ekweremadu,, read President Muhammadu Buhari’s letter announcing the transmission of the bill to the National Read More

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Orgies of killings and padding of 2018 budget

July 3, 2018 Blueprint 0

Aside Aidoko/ Alfa’s legal tango over Kogi East Senatorial seat, other issues that may be addressed frontally by the Senate on resumption today and by extension, the House of Representatives this week are the orgies of killings in the land and the alleged padding of the N9 13 trillion, 2018 budget through insertion of 6, 403 new projects totalling N578billion. Read More

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Finally, Presidency receives 2018 Budget

May 26, 2018 Blueprint 0

The Presidency has confirmed the receipt of the 2018 Appropriation Bill from the National Assembly. The Senior Special Assistant to the President on National Assembly Matters (Senate),Ita Enang, confirmed the development to State House Correspondents at about 8.30pm on Friday. “I have received the budget on behalf of the Presidency. I am transmitting it now,” the presidential aide simply said. Read More

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NASS, MDAs and compliance

March 6, 2018 Editorial IV 0

Following last week’s ultimatum on MDAs by the Senate, EZREL TABIOWO, identifies major concerns responsible for the delay of the 2018 appropriation bill before both chambers of the National Assembly. Low budget implementation Clearly disappointed by the low implementation of the 2017 budget by Ministries, Departments, and Agencies of government, Senators last year December threatened to suspend passage of the Read More

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Farmers/herders clash ‘localised occurences’?

February 8, 2018 Editorial IV 0

In the last six months, there have been an increase in clashes between farming communities and herdsmen culminating in the killing of 73 tiv famers. This itself does not include the sacking of farming communities in Adamawa, Taraba, Kaduna, Niger and Nasarawa. The implication is that farming activities in those communities have been put on hold. However, Mr. Akabueze thinks Read More

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N45BILLION BUDGET TOO SMALL FOR NORTHEAST, NDUME TELLS FG

February 6, 2018 Blueprint 0

Former Senate Leader, Senator Mohammed Ali Ndume  has called on the Federal Government to scale up funding of humanitarian activities and rebuilding process of the Northeast of Nigeria which was devastated by Boko Haram insurgency. Senator Ndume made the call while speaking at the Special Edition Town Hall meeting for  military and  security agencies in the Northeast, held at the Read More

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FG CRIES OUT: 2018 Budget may fail if…

January 12, 2018 Blueprint 0

The federal government, yesterday, declared that the implementation of the N8.612trillion 2018 Budget will face challenges if not speedily passed by the National Assembly. Secretary to the Government of the Federation (SGF), Boss Mustapha, dropped the hint while briefing journalists shortly after a budget defence before the Senate Committee of Federal Character, at the National Assembly, Abuja. He hinged his Read More

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Nigeria: Expert calls for power policy overhaul

January 10, 2018 Editorial IV 0

Stories by Tope Sunday Abuja A Nuclear and Radiation Physics expert, Mr. Charles Adesanmi, has called for the review and total overhauling of the country’s power policy. Adesanmi, who retired as a director at the Nuclear Technology Centre (NTC), also advocated that the 20 per cent annual budget provision for the sector be channeled the nuclear sector. The nuclear expert Read More

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Health ministry and anti-graft war

December 31, 2017 Editorial IV 0

The recent revelation by wife of the President, Mrs Aisha Buhari, on the deplorable condition of the Aso Rock Clinic, Abuja, was quite disturbing. Making the disclosure at the opening of a stakeholders’ meeting at the Presidential Villa, Abuja, Mrs Buhari, who couldn’t hide her umbrage, reprimanded the Chief Medical Director of the State House Medical Centre, Dr Hussain Munir, Read More

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Amosun signs N343.9bn budget

December 29, 2017 Editorial IV 0

By Chidi Ebere Igwoha Owerri Ogun state governor, Ibikunle Amosun, has signed into law the state’s 2018 appropriation bill of N343.9 billion for the 2018 budget. It is N1.4 billion less than the N345.4 billion earlier presented to the House by the governor. Amosun signed the bill into law at the Governor’s office, Oke-Mosan, Abeokuta, after it was presented to Read More

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Police need N1.13trn annually, IG begs NASS

December 21, 2017 Editorial IV 0

By Taiye Odewale Abuja The Nigeria Police yesterday declared that, by conservative estimation, the security outfit needed nothing less than N1.13trillion for its overhead cost annually to enable it effectively carry out its fundamental duties of ensuring security, law and order across the nation. The sum of N31.6 billion was earmarked for the Police overhead in the 2017 budget out Read More