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The Federal Government has released N1.58 trillion as capital expenditure to Ministries, Departments and Agencies (MDAs), from the 2017 budget.
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.
The Minister of Power, Works and Housing, Babatunde Fashola, on Tuesday said though the All Progressives Congress (APC) government led by President Muhammadu Buhari promised to turn the fortunes of the country around and bring about change in different sectors, it never attached four-year time frame to totally transform the country.
The Independent National Electoral Commission (INEC) says it has detected and removed the names of 1,931 dead persons from the voters’ register in Kaduna State, ahead of the 2019 elections.
The Senator representing Kaduna Central in the red chamber, Senator Shehu Sani has said he has represented the Kaduna central to the best of his ability.
Southampton striker Michael Obafemi has made his international debut for Ireland, snubbing both Nigeria and England.
Boko Haram jihadists have killed 53 soldiers and farmers in three days of attacks in northeastern Nigeria, security sources said Tuesday, in a new show of force ahead of February elections in the West African country.
The Belgium and Real Sociedad midfielder says his former club need to make the right decisions to challenge their city rivals and Premier League leaders Manchester City, who they trail by 12 points in eighth place after 12 games.
The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) says it has spent about $70 million in various humanitarian projects in the north eastern states of Borno, Adamawa and Yobe.
Juventus’ Chief Revenue Officer Giorgio Ricci has claimed that he is open to Serie A playing games abroad.
A 19-year-old, Sunday Owo, has been apprehended with fresh human parts at a healing home, Centre for Psychic Healing and Administration, Awka, Anambra State.
High-profile rugby league star Jarryd Hayne was reportedly arrested by Australian police Monday over sex assault allegations, the second incident to be raised against the player.