El-Rufai signs N278.58bn 2022 budget into law

December 22, 2021 AbdulRaheem Aodu 0

  Governor Nasir el-Rufai of Kaduna state on Wednesday signed the state’s N278.58 billion budget for 2022 into law, while assuring residents of the state that the  budget will be faithfully implemented to improve public welfare and develop human capital and infrastructure.    The signed budget tagged ‘Budget of Sustainable Growth’ is made up of N184.53 billion capital expenditure and N94.05 Read More

Senate kicks against transfer of forfeited assets to AGF Office

October 25, 2021 Taiye Odewale 0

Senate Committee on anti-corruption and financial crimes has faulted the policy directive which mandated the Economic and Financial Crimes Commission (EFCC) to transfer all final forfeited asssets of crimes to the office of the Attorney General of the Federation (AGF) for management. Issuance and compliance with such directive came up Monday whenthe Director of Finance of the anti – graft Read More

Lagos, Rivers, Ebonyi others top states’ 2021 fiscal performance ranking

September 29, 2021 Blueprint 0

BudgIT, a civic-tech organisation leading the advocacy for transparency and accountability in Nigeria and three other African countries has ranked Lagos, Rivers, Anambra, Ebonyi and Kebbi states for growth in its Internally Generated Revenue (IGR) as recorded by the National Bureau of Statistics (NBS) The Communications Lead, Damilola Ogundipe in a statement issued on the 2020 edition of its annual Read More

VAT: Osun gets 14.7b in 2020

September 21, 2021 Lateef Ibrahim 0

Osun state government received N14,725,950,020.87 as Value Added Tax (VAT) from the federal government in the year 2020, it was gathered. The VAT, according to the audited financial accounts of the state for the 2020 fiscal year presented by the state Auditor General, Folorunsho Adesina, Tuesday, was part of N31,298,936,478.49 total amount received as statutory allocation for the year. The statutory allocation Read More

Ogun denies tampering with LG allocation

September 1, 2021 Hakeem Adegbenro 0

The Ogun state government has debunked the allegation that it received N63,938,887, 374.47 billion in the last 21 months as federal allocations belonging to the councils without any meaningful thing to show for it. The state Commissioner for Local Government and Chieftaincy Affairs, Hon. Afolabi Afuape, discredited the figure during the Joint Account Allocation Committee (JAAC) meeting for August 2021, Read More

2022: FG to borrow N5.62trn to finance budget deficit

August 16, 2021 Joshua Egbodo 0

The federal government has disclosed its plan to borrow about N5.62 trillion to finance an expected budget deficit in the 2022 fiscal year. This came following further disclosure that there may be a drastic cut down in its capital expenditure in the coming year to the tune of about N259.315 billion. Minister for Finance, Budget and National Planning, Zainab Ahmad, while Read More