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House of Reps defer 2018 budget over MTEF

The House of Representatives on Thursday deferred passage of 2018 budget estimates for second reading over non-passage of the 2018-2020 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).

House of Reps commence debate on 2018 budget

The House of Representatives on Tuesday commenced debate on general principles of the 2018 Appropriation Bill as issues regarding the non-implementation of Zonal‎ Intervention projects in 2017 appropriation were highlighted.

Federal govt to sell National Arts Theatre, others to finance budgets

The Director General of the Budget Office, Ben Akabueze, yesterday, said the Federal Government has concluded plans to sell key national assets in a bid to generate sufficient revenue to finance Nigeria’s annual budgets between 2018 and 2020.

Nigera’s oil revenue exceeds 2017 benchmark by 18 per cent – NNPC

The Nigerian National Petroleum Corporation (NNPC) says oil revenue in the first ten months of the year exceeded the 2017 budget oil benchmark of $44.50 per barrel by 18 per cent.

We’ve achieve 47 percent budget performance – Zainab Ahmed

The Federal Government on Monday disclosed it has achieved the capital budget performance of 47 percent in 2017, stressing that it hopes to achieve 50 percent before the end of the year.

FIRS hits 79.35 per cent of 2017 collection target in 10 months – Babatunde...

The Federal Inland Revenue Service (FIRS), on Monday in Abuja, said it generated N3.233 trillion in 10 months, an amount that represented 79.35 per cent of its collection target for 2017.

Federal govt targets N62.5 billion from luxury cars, cigarettes, alcohol’s duties

The Federal Government has proposed to generate additional N1tn non-oil revenue to reduce the deficit and loans in the 2018 budget.

Senate postpones consideration of MTEF/FSP over discrepancies

The Senate on Thursday announced the postponement consideration of the 2018-2020 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).

Why National Assembly may not meet December target for 2018 budget passage – Senate

The Senate has said Nigerians should not blame the National Assembly if it is unable to meet the December target for the passage of the 2018 Appropriation Bill.

Senate accuses NNPC, central bank, others of frustrating passage of 2018 budget

The Senate Wednesday said that the refusal of key government officials to honour its invitation for the consideration of templates contained in the 2018 budget is hampering its plan to pass the budget before the end of December 2017.

Federal govt presents revised MTEF/FSP to Senate

The Federal Government has presented a revised 2018 to 2020 Medium Term Expenditure Framework and Fiscal Strategy Paper (FSP) to the Senate for consideration.

Senate shelves debate on 2018 budget

Contrary to its earlier plan to commence debate on the general principles of the 2018 budget, the Senate has announced the deferment of the exercise till next week.

How fed govt plans to fund N3.52trn deficit in 2018 budget

The federal government plans to finance the N3.52 trillion deficit in the 2018 budget with revenue from crude oil sales and non-oil sources.

President Buhari sends 2018-2020 fiscal strategy paper to Senate

President Muhammadu Buhari has sent the 2018-2020 Medium-Term Expenditure Framework, MTEF, and Fiscal Strategy Paper, FSP, to the Senate.

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DMO hails release of capital funding

The Debt Management Office (DMO) says the release of N1.2 trillion for capital projects by the Federal Government in six months is a positive development in the country.

Senate gives police chief 14 days to arrest killer herdsmen

The Senate at an extended plenary on Tuesday debated the killings by Fulani herdsmen in Benue State and other parts of Nigeria.

UN appoints Nigeria’s Chikadibia Obiakor to investigate Burundians’ killings

The United Nations has appointed retired Lt.-Gen. Chikadibia Obiakor of Nigeria to head a special investigation into the killing of some Burundian refugees in the Democratic Republic of the Congo (DRC).

Police arrest secondary school student for raping neighbour

A secondary school student, Sopuruchukwu Onuoha, was on Monday arrested by operatives of the Owerri Area Command of the Nigeria Police Force for allegedly raping his neighbour (names withheld).

Benue elders’ bizarre voyage to Aso Rock

I weep for Nigeria. I weep for the poor masses. Whatever offence that Nigerians committed that made them to be saddled with such weak, cowardly, incompetent and non-caring rulers in Nigeria?

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2019: PDP calls on Senators Saraki, Kwankwaso to return ‘quickly’

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Governor Wike sacks the caretaker committee chairmen

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