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2017 Budget

Recurrent burden, dwindling revenue make full capital budget implementation impossible – minister

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.

Senate grills minister over plan to pass 2018 budget in January

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.

2018 Budget: Senate rejects DPR’s N355m earmarked for foreign trips

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.

Transport ministry achieves 16% in 2017 budget performance

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.

Federal govt awaiting outcome of EFCC’s investigation into NITDA’s 2017 Budget – Adebayo Shittu

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.

Fed govt targets N100bn from Islamic bond

The Federal Government will today (Thursday) commence activities preparatory to the issuance of N100bn non-interest bearing Islamic bond, better known as sukuk.

Agriculture to get more funds – Buhari

President Muhammadu Buhari says the Federal Government will sustain concrete measures to diversify the economy by devoting more resources to agriculture in the 2017 budget.

What we discussed with Buhari in London – Saraki

Senate President Bukola Saraki says his London visit to President Muhammadu Buhari alongside Yakubu Dogara, speaker of the house of representatives, was a “meeting of substance”.

ASUU demands bigger than education ministry budget – Presidency

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.

Ayine calls for passage of audit autonomy bill

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.

2017 budget not enough for economic devt – Osinbajo

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.

Fed govt to submit 2018 budget to National Assembly in October

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.

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