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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.
Despite reports of an Ebola Virus out-break in their country, Nigeria’s Super Eagles are fully focussed on their upcoming friendly against the Leopards.
The Shell Petroleum Development Company of Nigeria Limited has confirmed four leak points on its 24” Trans Ramos Pipeline in the swamps of Western Niger Delta, said a statement by a spokesperson for the company on Friday.
Another person has died in Congo of a confirmed case of Ebola, bringing the number of fatalities to 12, said the country's health ministry.
Former Deputy Speaker, House of Representatives, Hon. Emeka Ihedioha, has called on Nigerians, particularly parents and government at all levels, to critically evaluate their commitment towards the protection of children.
Former Super Eagles winger, Emmanuel Amuneke, has urged the team to remain focused in their preparation and at the 2018 World Cup in Russia.
Gareth Bale’s relationship with Zinedine Zidane will come to a crossroads when Real Madrid play Liverpool in the Champions League final on Saturday.
President Muhammadu Buhari's aide, Lauretta Onochie, says the governor of Rivers state, Nyesom Wike, is paranoid.
Barcelona legend Andres Iniesta’s decision to join Japan’s Vissel Kobe could make the J-League a serious option for the world’s top footballers, former Shimizu S-Pulse manager Steve Perryman said.
Torres announced he would leave Atletico back in April and it was the quite the occasion at the Wanda Metropolitano as he bid farewell.
Bursaspor defender, William Troost-Ekong, is raring to go as Russia 2018 FIFA World Cup draws nearer.