Home Topics Budget Office

Budget Office

AGF: N37 billion saved from misapplications, paddings

Mr Ahmed Idris, the Accountant-General of the Federation (AGF), says over N37 billion has been saved from misapplications, paddings, mistakes and non-compliance by MDAs to the agreed template of promotion arrears payment.
Ahmed Idris, the Accountant-General of the Federation (AGF)

AGF: Civil servants will be paid promotion arrears

Civil servants in the Country have been assured that their promotion arrears will be paid as directed by President Muhammadu Buhari.
Ibrahim Magu . EFCC

Ibrahim Magu lists challenges, achievements as he defends budget

The Acting Chairman of the Economic and Financial Crimes Commission, (EFCC), Ibrahim Magu, on Thursday, April 4, 2019 defended the Commission’s 2019 budget proposal of N22, 070,514,431.00, (Twenty Two Billion, Seventy Million, Five Hundred and Fourteen Thousand, Four Hundred and Thirty One Naira) before the House Committee on Anti-corruption and Financial Crimes.

Senate demands list of recruited staff from DPR

The Senate Committee on Petroleum Upstream has requested the Department of Petroleum Resources (DPR) to submit a comprehensive list of workers recently employed by the agency.
Ibrahim Magu . EFCC

EFCC chief Ibrahim Magu defends N22.071 billion budget before Senate committee

The Economic and Financial Crimes Commission, EFCC, on Tuesday, made a defence of its N22, 070,514,431.00 billion 2019 budget proposal before the Senate Committee on Anti-corruption and Financial Crimes.

Minimum Wage: President Buhari appoints Bismarck Rewane to head technical committee

President Muhammadu Buhari on Wednesday appointed Bismarck Rewane as head of newly inaugurated Technical Advisory Committee on the implementation of a National Minimum Wage.

2019 budget: President Buhari, VP Osinbajo to spend N1.4 billion on food, travels

The federal government has proposed to spend over N1.4 billion on food and travels for President Muhammadu Buhari and Vice President Yemi Osinbajo in 2019, details of the 2019 budget obtained from the Budget Office have shown.

Muhammadu Buhari asks National Assembly to approve 2019-2021 MTEF

President Muhammadu Buhari has forwarded the 2019 to 2021 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) to the National Assembly for approval.
Pastor Ben Akabueze

Ben Akabueze: NNPC paying N53 subsidy on every litre of petrol

Ben Akabueze, the Director General of the Budget Office, says the Nigerian National Petroleum Corporation is paying N53 on every litre of petrol consumed by Nigerians.

Expert: 2019 budget size will reduce inflation threat

A financial expert, Prof. Uche Uwaleke, on Thursday said that the Federal Government’s decision to reduce the size of the 2019 budget to N8.73 trillion would reduce inflation threat.
National Assembly

2019 Election budget: National Assembly panel suspends deliberations indefinitely

The Joint Committee of the National Assembly on the Independent National Electoral Commission on Friday suspended indefinitely, deliberations on the N189bn budget submitted by the commission for the conduct of 2019 elections.

House of Reps urge federal government to pay 33 percent pension arrears to retirees

The House of Representatives on Tuesday called on the Federal Government to ensure payment of 33 per cent pension savings to pensioners in the country.

Vice President Osinbajo: Federal government recovers N7.8 billion, $378 million, £27,800 through whistleblower’s policy

Vice President Yemi Osinbajo on Monday said that Nigeria has recovered about N7.8 billion, $378 million and £27,800 through the Whistleblower’s Policy launched by President Muhammadu Buhari in December 2016.

Budget Office: Federal government spent N4.3 trillion to service debt in three years

The Federal Government spent a total of N4.3tn to service the country’s debt obligations to local and foreign debtors between January 2015 and September 2017, figures obtained from the Budget Office on Friday showed.

Budget Office: Politics of 2019 will not affect 2018 budget

The Director General, Budget Office, Mr Ben Akabueze, has indicated that public servants would still be pushing through the implementation of the 2018 budget against the impediments to governance by electioneering activities in the run-up to 2019 general elections.

Rep Shekarau: Federal govt releases 54 billion to PenCom for payment of arrears

Alhaji Hassana Shekarau, Chairman, House Committee on Pension, said that the Federal Government has released N54billion to National Pension Commission (PenCom) for the payment of the 33 per cent pension’s arrears to pensioners.

Kemi Adeosun seeks more technical, institutional support for West African economy

For quicker economic development, the Minister of Finance, Mrs. Kemi Adeosun, on Tuesday called for more technical and institutional support from the Africa Regional Technical Assistance Center West 2 (AFRITAC West 2) for West African countries.

President Buhari urged to stop payment of double salary, allowances to legislators

Lagos-based lawyer and human rights activist, Mr Femi Falana, has called on President Muhammadu Buhari to stop payment of double salary and allowances to legislators in the light of revelations that a senator collects N13.8m monthly as running cost.

Recent Stories

EDITORS NOTE: Graphic content / Sri Lankan security personnel walk past debris next to a dead body slumped over a bench following an explosion in St Sebastian’s Church in Negombo, north of the capital Colombo, on April 21, 2019. – A series of eight devastating bomb blasts ripped through high-end hotels and churches holding Easter services in Sri Lanka on April 21, killing nearly 160 people, including dozens of foreigners. (Photo by STR / AFP) / GRAPHIC CONTENT

Sri Lanka bomber queued at hotel buffet then unleashed devastation

The suicide bomber waited patiently in a queue for the Easter Sunday breakfast buffet at Sri Lanka’s Cinnamon Grand hotel before setting off explosives strapped to his back.
An inside view of St Anthony's Shrine after the explosion. [Chamila Karunarathne-Anadolu Agency-Getty Images]

Death toll in Sri Lanka blasts rises to 207

The toll in a series of eight blasts in Sri Lanka on Sunday has risen to at least 207, with over 450 people wounded, police spokesman Ruwan Gunasekera said.
Bayern Munich’s Portuguese midfielder Renato Sanches (R) jumps for the ball during the German first division Bundesliga football match FC Bayern Munich vs SV Werder Bremen on April 21, 2019 in Munich. (Photo by Guenter SCHIFFMANN - AFP) -

Renato Sanches wants to leave Bayern Munich

One-time wonderkid Renato Sanches has repeated his desire to leave Bayern Munich after another year in which he has struggled to break into the first team.
Juventus’ Portuguese forward Cristiano Ronaldo (R) and Juventus’ Italian forward Federico Bernardeschi, both with their head covered in foam, joke and celebrate after Juventus secured its 8th consecutive Italian 2018/19 “Scudetto” Serie A championships, after winning the Italian Serie A football match Juventus vs Fiorentina on April 20, 2019 at the Juventus stadium in Turin. (Photo by Isabella BONOTTO / AFP)

Cristiano Ronaldo the future but Juventus need more to conquer Europe

Massimiliano Allegri insisted that Cristiano Ronaldo was the future of Juventus and the Portuguese superstar said he was “1,000 percent committed to staying” but despite sealing an eighth consecutive Serie A title the Turin giants need to find more if they want to conquer Europe next season.
Queen Elizabeth

Five facts about Queen Elizabeth II as she turns 93

Britain’s Queen Elizabeth II celebrates her birthday on Sunday, marking 93 years in the public glare.