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The Minister of Budget and National Planning, Udoma Udo Udoma, has explained that the federal government had been unable to achieve full implementation of the 30 per cent capital components of the 2016 and 2017 budgets because of high recurrent burden and dwindling revenue.
The Senate on Tuesday challenged the Minister of Finance, Kemi Adeosun, on Federal Government’s insistence on passing the 2018 Budget in January when less than 50 per cent of the 2017 budget was only implemented.
The Department of Petroleum Resources (DPR) officials, yesterday, disclosed to members of the Senate Committee on Petroleum (Upstream), that they intend to spend N355 million for foreign trips in the 2018 fiscal year.
Minister of Transportation Rotimi Amaechi on Monday said that the ministry achieved only 16.5 per cent performance in the implementation of the 2017 Budget.
This development, they argued, could affect the nation’s economy as quantum of over 180 million Nigerians who could benefit from the contract may be sidelined in the process.
The Presidency has given indication that the federal government may not be able to meet the huge financial obligation the striking Academic Staff Union of Universities (ASUU) demands.
The Auditor General of the Federation, Mr. Anthony Ayine, has called on the Senate to speedily pass the Audit Autonomy Bill currently before it to strengthen the present administration’s anti-corruption fight of enthroning transparency, accountability and good governance.
Acting President Yemi Osinbajo has said that the N7 trillion federal budget for 2017 is not sufficient to facilitate the desired economic development in the country, hence the government was making the investment climate profitable and easy for private sector involvement.
The Director General, Budget Office of the Federation, Mr Ben Akabueze, on Monday said the 2018 Executive Budget proposal would be submitted to the National Assembly in October.
American rapper Meek Mill has been released from prison after being incarcerated for violating his probation.
U.S. President Donald Trump on Tuesday described North Korean leader Kim Jong Un as “very open” and “very honourable,” saying Pyongyang was keen on a meeting “very soon.”
No fewer than 408 students of the University of Ibadan have been asked to withdraw from the Premier University for failure to meet the minimum academic requirements to stay in the University.
Midfielder Mikel Obi says the Super Eagles will be at their best for the prestige international friendly match against England at Wembley Stadium in London on June 2.
The Nigerian Immigration Service (NIS) says those who do not have national identity card number will no longer be eligible for international passport.
Roma warmed up for next week’s Champions League clash with Liverpool by easing past SPAL 3-0 on Saturday to keep their push for elite European football next season on track.
Barcelona coach Ernesto Valverde says his team can remove some of the sting from their Champions League exit by winning their fourth straight Copa del Rey on Saturday.
A commercial driver, Sunday Elo, 42, who allegedly raped a 13-year-old girl, was on Thursday remanded in kirikiri Prisons, Lagos, by an Ikeja Magistrates’ Court.
Ibom Specialist hospital has recorded a major breakthrough in health care delivery with a successful neurosurgery carried out in the hospital.
The International Monetary Fund says Nigeria, the sub-Saharan Africa’s most-populous nation and top crude producer, will grow by 2.1 per cent this year, matching the lender’s estimate released in January.