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2018 Appropriation Bill
BudgIT, a civil society organisation, has expressed disapproval of the recently passed 2018 budget as being overly optimistic, especially the 2.3 million barrels per day (bpd) oil production benchmark and other revenue indicators.
The Chairman, Senate Committee on Appropriation, Sen. Danjuma Goje, has said that no provision was made in the 2018 Budget for any increase in minimum wage during the year.
The Budget was increased by the legislature by N508 billion, from N8.61 trillion proposed by President Muhammadu Buhari in Appropriation Bill presented to the assembly in November, 2017.
The House of Representatives on Tuesday said the 2018 Appropriation Bill of N9.12 trillion would be passed on Wednesday.
The Nigerian Textile Manufacturers Association (NTMA), has urged the National Assembly to aid economic growth by not reneging on its pledge to pass the 2018 Budget on May 16.
The Ogun State Governor, Senator Ibikunle Amosun, has signed into law the state’s 2018 Appropriation Bill of N343.9 billion for the 2018 Budget.
Ondo State Government is to spend N15b next year to construct roads across the three senatorial districts of the state.
The Kwara State House of Assembly on Wednesday announced the suspension of further consideration of the 2018 Appropriation Bill following non-implementation of its directive on school fees in the state polytechnic.
Senator Gbenga Ashafa, who is also Chairman, Senate Committee on Land Transport, has urged the Federal Ministry of Transport to ensure delivery of standard gauge rail lines and other vital rail infrastructure to Nigerians before 2019.
Both chambers of the National Assembly have berated the Federal Government’s 2018 budget proposal, saying its assumptions are unrealistic.
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.
The Ministry of Petroleum Resources has earmarked N610 million for the implementation of the ‘Seven Big Wins’, a programme designed by the Ministry to reform the petroleum industry
The senator representing Rivers South-East district in the National Assembly, Senator Magnus Ngei Abe, has said the content of the 2018 Appropriation Bill shows that President Muhammadu Buhari has empathy for every section of Nigeria.
A leading economist and financial derivatives analyst, Bismarck Rewane, has said the federal government is not courageous enough to increase its spending in the 2018 budget proposal.
Former President, Association of National Accountants of Nigeria (ANAN), Dr Samuel Nzekwe, has advised the Federal Government to ensure enormous investments in infrastructure to provide growth in the nation’s economy.
President Muhammadu Buhari on Tuesday in Abuja said that the three tiers of government would receive additional 12 per cent revenues in 2018.
The Minister of Budget and National Planning, Udoma Udo Udoma, on Thursday, promised that the Federal Government would do everything within its power to ensure that the 2018 Appropriation Bill is submitted to the National Assembly in October as earlier promised.
The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, on Wednesday indicated that but for the timely interventions of the government, first through back-channel consultations and then open dialogues with militants who resumed bombing of oil facilities in the Niger Delta in 2015, the country could have been crippled.
The Nigeria Police said on Wednesday that it had arrested 14 suspects linked to the murder of the late Dr Ibrahim Mailafia, a Senior Lecturer with the Nasarawa State University, Keffi.
India was the largest importer of Nigeria’s crude oil in 2017, a report by the state oil firm, NNPC has shown.
Key indicators of the performance of the Nigerian Stock Exchange declined for the third consecutive day, dropping by 0.25 per cent on Wednesday as profit taking persisted.
American footballers competing in the league will have to stand on the pitch during The Star Spangled Banner or remain in the locker room.
The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside, says Rivers people will sack Governor Nyesom Wike in the 2019 general elections.
Miss Irene Onwuka, Ex-Miss Ambassador for Peace (MAFP) 2013, said over 2,500 school children, drawn from different background are expected in the Federal Capital Territory for a National Children Peace Concert on May 27.
President Muhammadu Buhari on Tuesday said those who mismanaged Nigeria’s economy in the past, through fraudulent electricity projects and misuse of revenue earnings from oil, had no love for the country.
California Highway Patrol (CHP) police are more concerned about the impact of smoking marijuana on vehicle drivers, a TV report said on Thursday.
The Minister of Power, Works and Housing, Babatunde Fashola, has stated that over N4 billion has been approved for additional payment to housing contractors across the country in demonstration of government’s commitment to its National Housing Programme initiative.