Home Topics Budget

Budget

ICPC uncovers N5.17 billion fraud in education, agric ministries

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it has uncovered diversion of part of the N2.67 billion payments made to some Federal Colleges for school feeding during lockdown.

Nigeria to begin business sample census October 12

The National Bureau of Statistics, NBS, is to commence National Business Survey after 22 years.
easyJet

European airlines cut fares to woo passengers

With the coronavirus crisis putting a chill on travel, European airlines are reducing fares to attract passengers and fill the planes that are still flying.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

Minister, others shun senate over 2020 budget performance

Minister of Finance, Budget and National Planning, Zainab Ahmed, Thursday shunned the Senate when summoned to brief lawmakers of 2020 Budget Performance.
Minister of Transportation, Rotimi Amaechi, has disclosed that the US$50 million University of Transportation, Daura, scheduled to take off September next year will be built free of charge by the Chinese government.

Nigerian government approves $1.9 billionn for Kano-Niger Republic rail line

The Federal Executive Council (FEC) Wednesday approved the award of contract for the development of the proposed Kano-Katsina-Jibia to Maradi rail line in Niger Republic and to Dutse, the capital of Jigawa, for a total cost of $1,959,744,723.71, inclusive of 7.5% Value Added Tax (VAT).
Governor Douye Diri has expressed worry over the development, following the lifting of the ban on interstate travel.

Governor Diri: We’ll eliminate duplication of projects with bottom-top budgeting

Bayelsa State Governor, Douye Diri, said top-bottom approach in the state budgeting process had over the years resulted in duplication of projects in communities.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Saturday met with the leadership of the National Assembly to intimate it with an Executive proposal to establish a N500 billion COVID-19 Crisis Intervention Fund.

Nigerian government putting in place strategies to maximise non-oil revenue – minister

In a bid to cushion the effect of continued dwindling oil revenue, the Federal government says it is putting in place an Integrated Revenue Monitoring System in place to help the monitoring of the revenues of the Federal Government Owned Entities (FGOEs) online real-time to improve transparency and accountability.
Bayelsa State Deputy Governor, Senator Lawrence Ewhrudjakpo, has dismissed reports making the rounds that the immediate past administration spent about N100bn for the construction of the state Airport.

Bayelsa sets up committee to boost revenue generation

Bayelsa State Government has constituted a tax advisory committee to boost its internally generated revenue.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN: Inflation rate’ll hit 14.15 percent as deficit financing rises

Nigeria’s inflation rate which stood at 12.82 per cent in July may rise up to 14.15 per cent by the end of December 2020 as the Federal Government’s deficit rises due to current economic challenges in the country.
Niger Delta Development Commission (NDDC)

CSO urges President Buhari to freeze NDDC account

The Act for Positive Transformation Initiative, a Civil Society Organisation (CSO), has requested President Muhammadu Buhari to freeze the account of the Niger Delta Development Commission (NDDC) and suspend all further spending in the commission.
Dr Chris Ngige, Minister of Labour and Employment said this while fielding questions on television concerning the time for payment of the new wage.

Resident doctors have no reason to strike – minister

The Federal Government, appealed to the National Association of Resident Doctors, NARD, to suspend its ongoing industrial action, as the government has already addressed six out of the eight demands listed by the Association.
President Muhammadu Buhari on Sunday said the federal government will provide relief materials for residents of Lagos and Abuja whom he ordered to stay-at-home as part of measures to curb the spread of the coronavirus.

President Buhari: It’ll be dangerous to go back to fuel subsidy era

President Muhammadu Buhari has warned that it would be economically dangerous for Nigeria to go back to the era of fuel subsidy, citing grave financial cost and a return to the era of long fuel queues as certain results.
Abdulrahman Abdulrazaq

Kwara seeks N7.1 billion loan to access UBEC funds for basic education

The Kwara Executive Cabinet has granted approval for the government to seek a N7.1billion loan facility from a bank as counterpart fund to access over N14 billion outstanding Universal Basic Education Commission (UBEC) funds.

DMO: Nigerians’ concerns should be how loans are utilised

The Director-General, Debt Management Office, Patience Oniha, on Wednesday, defended the nation’s debt profile, saying there is nothing wrong with borrowing.
Port Harcourt international Airport

FEC approves N13 billion for automation of four international airports

The Federal Executive Council on Wednesday approved N13bn for the automation of safety equipment at Lagos, Kano, Abuja and Port Harcourt international airports.
6. Nigeria will soon have the immigrant visa ban imposed on her by the United States overturned, according to President Muhammadu Buhari.

President Buhari presides over 14th virtual FEC meeting

President Muhammadu Buhari is currently presiding over his 14th virtual Federal Executive Council (FEC) meeting at the Presidential Villa Abuja.
President Muhammadu Buhari is currently presiding over the eighth virtual meeting of the Federal Executive Council (FEC) holding inside the Council Chambers of the State House, Abuja.

Ministries make presentations as President Buhari presides over 14th FEC meeting

President Muhammadu Buhari is currently presiding over the 14th virtual meeting of the Federal Executive Council (FEC) at the Council Chambers of the Presidential Villa, Abuja.
One of the pristine rallying points for all Yoruba in Nigeria and the diaspora, Olojo cultural festival, will this year come with unique features and upscale celebration, the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II in Ife, has said.

Ooni calls for legislation, policy, funding to promote African traditional medicine

The Ooni of Ife, Oba Adeyeye-Ogunwusi Enitan, has called on the Federal, state governments and law makers to provide legislation, policy and funding to promote African Traditional Medicine (ATM).

Recent Stories

The Commissioner for In­formation and Strategy, Gben­ga Omotoso, while speaking on the commencement of the campaign on Thursday, said it was initiated after discovering that members of the public did not comply with the directives.

#EndSARS: Lagos government to investigate Lekki shootings

The Lagos State government said it would investigate reports of shootings at the Lekki Toll plaza, which followed the 24-hour curfew imposed to stop criminals hiding under the #ENDSARS protests to unleash mayhem on innocent citizens.

#EndSARS: Stop killing peaceful protesters – Hillary Clinton tells President Buhari

Former United States presidential candidate, Hillary Clinton, has made a public appeal to Nigeria's President Muhammadu Buhari to end the killing of peaceful protesters.
A late winner from Marcus Rashford saw the Red Devils win 2-1 against the Parisians at the Parc des Princes - the scene of their famous Champions League win versus PSG in 2019.

Manchester United set new club record after another Champions League win vs Paris Saint-Germain

Manchester United's victory against PSG in the Champions League has seen the club win 10 consecutive away games for the first time in their history.
Netflix seems to be on a cancelation streak as of late, and the science fiction space drama Away is the streaming service’s latest victim.

‘Away’ canceled at Netflix after one season

Netflix seems to be on a cancelation streak as of late, and the science fiction space drama Away is the streaming service’s latest victim.
Kano State Governor Abdullahi Umaru Ganduje

Kano government distributes instructional materials to schools

The Kano State Government, says it has begun the distribution of instructional materials worth over N1.5 billion to primary and junior secondary schools in the 44 Local Government Areas of the state.