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Capital Expenditure

Governor of Lagos State, Mr. Babajide Sanwo-Olu, has promised the support of his administration for creative industry with a view to making the sector achieve a sustainable economic status. 2

Lagos governor seeks assembly’s approval for N250 billion loan

Lagos Governor, Babajide Sanwo-Olu, has re-ordered the 2019 Budget of the state with a letter to the state Assembly seeking a loan of N250bn.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Oil benchmark lowered over expected crude glut – minister

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the federal government adopted a lower oil benchmark price of $57 per barrel for the 2020 budget as against the $60 per barrel in the 2019 budget because of the expected oil glut in 2020, as well as the need to cushion against unexpected price shock.
President Muhammadu Buhari on Tuesday proposed a capital expenditure of N46 billion for the Ministry of Health in the 2020 appropriation bill he submitted to the National Assembly.

Senators: 2020 budget projections unrealistic

Some senators, yesterday, dismissed projections of President Muhammadu Buhari’s N10.33 trillion 2020 budget proposal as unrealistic.
President Muhammadu Buhari on Tuesday proposed a capital expenditure of N46 billion for the Ministry of Health in the 2020 appropriation bill he submitted to the National Assembly.

2020 budget: Experts express worry over 7.5 per cent VAT estimates

Some economic experts have expressed concern over the Federal Government’s decision to base the estimated revenue from Value Added Tax in 2020 by 7.5 per cent instead of five per cent.
President Muhammadu Buhari on Tuesday proposed a capital expenditure of N46 billion for the Ministry of Health in the 2020 appropriation bill he submitted to the National Assembly.

Budget 2019: President Buhari proposes N46 billion for capital expenditure in health

President Muhammadu Buhari on Tuesday proposed a capital expenditure of N46 billion for the Ministry of Health in the 2020 appropriation bill he submitted to the National Assembly.
Akwa Ibom State Governor, Mr Udom Emmanuel has described his victory at the governorship election tribunal as a reaffirmation of the people’s mandate, saying that his administration will focus on the improvement of social services like education, healthcare, infrastructure, empowerment of the youths, women and the downtrodden.

Akwa Ibom governor presents N598 billion 2020 budget

Akwa Ibom Governor Udom Emmanuel has proposed a total budget estimate of N597,800 for the 2020 fiscal year before the House of Assembly.
Saratu Iya Aliyu

NACCIMA seeks inclusive growth, youth empowerment

The Nigeria Association of Chambers of Commerce, industry, Mines and Agriculture (NACCIMA), has commended the handling of the economy by the current administration but however, decried inflation rate of 11.02 per cent as at August fueled by high food prices at 13.17 per cent in the same month.
President Muhammadu Buhari has felicitated with all the 2019 Nigerian pilgrims over the successful completion of their Hajj rites and the Eid-el-Kabeer celebration.

[email protected]: President Buhari’s independence day speech — full text

Remember the sacrifices made by our Founders and great leaders past; by soldiers, by distinguished public servants; by traditional leaders, by our workers —- sacrifices on which Nigeria has been built over the 59 years since Independence in 1960; and
President Buhari receiving Report of the Technical Advisory Committee on the Implementation of the National Minimum Wage in State House on 25th Mar 2019 2

[email protected]: President Buhari orders release of N600 billion for capital expenditure

As Nigeria marks its 59th independence anniversary, President Muhammadu Buhari has ordered the Ministry of Finance, Budget and National Planning to release the sum of N600 billion for capital expenditure within a three-month time frame.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Federal government proposes N9.79 trillion budget for 2020

The Federal Government will propose to the National Assembly about N9.79 trillion as total expenditure in the 2020 budget, the Minister of Finance, Budget and National Planning, Zainab Ahmed, has said.

Bayo Ojo: P&ID deserves only $250 million in damages

A former Minister of Justice and Attorney General of the Federation (AGF), Bayo Ojo (SAN), does not believe that the Irish company, Process and Industrial Development Limited (P&ID), deserves more than $250 million in damages as against the $6.5 billion initially awarded by a tribunal in the United Kingdom (UK).
Power

DisCos seek measures to drive power sector investment

Electricity Distribution Companies (DisCos) in Nigeria have called for the creation of an enabling environment to ensure cost recovery and further drive investments in the nation’s power sector.
Lagos State Governor Babajide Sanwo-Olu has announced the appointment of six new Permanent Secretaries in the States Civil Service.

Governor Sanwo-Olu signs 2019 budget of N873.532b

Lagos State Governor, Mr. Babajide Sanwo-Olu on Monday signed the state 2019 Appropriation Bill and three other bills into law.
President Buhari presents 2019 Budget to the National Assembly on 19th Dec 2018-5

2019 budget: N8.9 trillion inadequate to service 200 million Nigerians – expert

Dr Patricia Auta, a financial analyst, has described the 2019 budget as inadequate to meet the needs of the Nigerian population, which is put at more than 200 million.
The Nigerian Senate Wednesday postponed the third reading of the 2019 Appropriation Bill till Tuesday.

Senate passes 2019 budget

Goje said the need to provide for the severance benefits of outgoing lawmakers, their aides, provision for the National Assembly orientation programme, election, and others accounted for the about N86 billion increase.
Lagos State House of Assembly

Lagos Assembly receives report on 2019 budget, steps down debate

The Lagos State House of Assembly has stepped down debate and passage of the state’s 2019 Appropriation Bill after receiving report of its Committee on Economic Planning and Budget.

ICPC begins probe of ministries, departments, agencies

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has confirmed that it had commenced probe of federal government parastatals.

2019 Budget: FAAN proposes N101.6 billion

The Federal Airport Authority of Nigeria (FAAN) has proposed a total budget of N101.6 billion for 2019.

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APC is notorious for lies – Cross River governor

Governor Ben Ayade of Cross River State had described the All Progressives Congress, APC, as a group of persons notorious for lies.
As Kogi State governorship election draws near, the FCT Minister of State, Dr. Ramatu Tijjani Aliyu, has charged political gladiators in the major political parties to guard against their utterances for a violent free election.

Minister wants NEMA to extend relief assistance to Kogi flood victims

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Closed Nigerian border without any activity

Experts attribute inflation rate rise to border closure

Financial experts on Wednesday attributed rise in inflation rate for the month of September to border closure and the new minimum wage.

Gunmen kill policeman, injure school principal in Edo

The Edo State Commissioner of Police, DanMalam Mohammed, on Wednesday confirmed the death of a police sergeant, Yusuf Igoche, in a gun duel with armed robbers on Lagos-Benin Expressway on Tuesday.