The Nigeria Labour Congress (NLC) has expressed displeasure with the International Monitory Fund (IMF) for granting debts relief to about 25 poor countries without Nigeria. NLC President Comrade Ayuba Wabba in a statement said Nigeria was facing a dire economic crisis given the recent plunge in the price of crude oil, Nigeria’s major foreign exchange earner. According to Wabba who is Read More
The House of Representatives has approved N346.388 billion budget for the Niger Delta Development Commission (NDDC) for the financial year ending 31 December, 2020. Of the sum, N22.338 billion is for Personnel cost, l N13.466 billion is for overhead Expenditure while the N4.083 billion is for Internal Capital Expenditure. Also, the sum of N306.500bn was approved for development projects for the Read More
The Plateau state House of Assembly, Tuesday, passed the 2020 appropriation bill of over N177.3 billion for the state. This followed the report by the House Standing Committee on Appropriation presented at plenary by its chairman, Mr Yahaya Adamu. Govwernor Simon Lalong had on November 26 presented over N172.5 billion to the assembly as budget for the 2020 fiscal year. Read More
The Ekiti state House of Assembly, Monday, passed the state N124.724billion Appropriation Bill for 2020.This followed the adoption of the report of the House Committee on Finance and Appropriation at plenary. Presenting the report, the chairman, Mrs Olubunmi Adelugba, said the budget was made up of N71.186billion recurrent expenditure, representing 57 per cent and N53.538 billion capital expenditure, representing 13 Read More
The House of Representatives, through Speaker Femi Gbajabiamila, has repeatedly pledged to return the nation’s budget circle to January-December. Would the house deliver on the promise? JOSHUA EGBODO writes. The budget President Muhammadu Buhari had on Tuesday October 8, 2019 laid before a joint session of the National Assembly, the 2020 appropriation bill, with a proposed aggregate expenditure totaling N10,330,416,607,347, out of Read More
The Federal Ministry of Agriculture and Rural Development has set aside N1.72 billion for land and climate change management. The sum is contained in the approved budget of the Ministry from the overall 2019 capital expenditure of N107.22 billion. Aside, the ministry also got N2.27 billion for the National Grazing Reserve Development proposed by the National Executive Council (NEC) in Read More
The Ministry of Power, Works and Housing is to spend a total of N394.9 billion as its total capital expenditure from an allocation of N428.4 billion. In the approved 2019 budget, the sum of N869.38 million was set aside as fund for the Mambilla Hydro Power project, N250 million for construction of 215MW LPFO/ Gas Power station Kaduna, N208.5 million Read More
Plateau state is to spend N12.2bn on the education sector in 2019. Commissioner for budget and economic planning, Mr Sylvester Wallangko, said Wednesday in Jos. Wallangko, on budget breakdown, said that the figure represents 17.94 per cent of the state’s capital expenditure. The News Agency of Nigeria (NAN) reports that the state House of Assembly recently passed the 2019 budget Read More
Senate committee on Federal Capital Territory ( FCT), on Tuesday declared that the Ministry of Finance by WAEC standard , scored F9 in budget releases to the Federal Capital Territory Administration ( FCTA) in 2018 by making 31.9% releases from the N30.4billion approved. This was as it kicked against yearly drastic reduction in the capital component budgetary allocations to the Read More
Governor Ibrahim Hassan Dankwambo of Gombe state has presented 118.737 billion for the 2019 fiscal year to the state’s House of Assembly. Dankwambo while presenting the appropriation bill tagged “budget of posterity”, said that N60.627 billion, as recurrent expenditure and 58.109 billion, representing the capital expenditure. He said the budget proposal is to be financed by an estimated recurrent revenue Read More
It came as no small relief for all of us that the Nigeria Labour Congress, NLC, suspended its planned November 6 nation-wide strike in its minimum wage struggle. It was a well-timed plan that would have ill-served the country and its people. In an election season when labour roars, the politicians wet their pants. President Buhari is seeking a second Read More
By Sadiq Abubakar Maiduguri Borno state governor, Kashim Shettima, yesterday presented an estimate of N170. 2 billion for the state’s 2018 budget to the state House of Assembly, with education getting the highest amount of N27 billion. Addressing the lawmakers in Maiduguri yesterday, the governor announced that the draft titled “Budget of Resettlement and Empowerment” is to be financed from Read More
By Stephen Osu Jalingo Taraba state governor, Darius Dickson Ishaku, yesterday, presented the sum of N96.6 billion for 2018 fiscal year to the state House of Assembly. Tagged “Budget of Sustainable Growth,” the estimate is N14 billion less than that of 2017. Giving the breakdown of the budget, the governor said fifty one billion, two hundred and thirty million, four Read More
By Bayo Umar Abdulwahab Ilorin Governor of Kwara state, Abdulfatah Ahmed, has presented a budget estimate of N181, 886, 056, 555.00 (N182 billion) for the 2018 Financial Year. Laying the budget before the lawmakers at the House of Assembly yesterday, Ahmed said the proposed budget reflects an increase of N15,781,009,150 (N15.8 billion) or 9.5 per cent compared to the 2017 Read More
By Benjamin Umuteme Abuja The federal government spent N1.3 trillion on capital projects in 2016, Vice President Yemi Osinbajo, has disclosed. The Vice Pressident, who made the disclosure during the foundation laying ceremony of the N200 billion Benin Industrial Park located at Iyanomo, also said that despite the 60 per cent drop in foreign exchange earnings, the government still achieved Read More
By Usman Ibn A. Lapai Kaduna The Kaduna State House of Assembly has begun legislative process on the 2018 budget estimates which was presented to the House by the Kaduna state Governor, Malam Nasir el-Rufai last Thursday. This was contained in a highlight that was read by the Majority Leader of the House, Hon. Muhammad Inuwa (Doka /Gabasawa). The Read More
Copyright © 2020 | WordPress Theme by MH Themes