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Fiscal Responsibility Act

Experts: Budget cycle inconsistency hindering economic, development

Over the years, the nation’s budget cycle has been inconsistent without a definite pattern, giving room for speculations and poor implementation.

Ben Akabueze: Federal government releases N2.5 trillion for capital projects in two years

Mr Ben Akabueze, Director General, Budget Office of the Federation, said on Monday that the Federal Government released about N2.45 trillion for capital projects from the 2016 and 2017 budgets.

President Buhari orders MDAs to submit 2018 budget to National Assembly before Friday

President Muhammadu Buhari has directed all Agencies, Corporations and Government owned Companies to submit details of their 2018 budget estimate to the appropriate Committees of the National Assembly not later than Friday, March 23.

House of Reps gives INEC 30 days to submit 2019 election budget

The House of Representatives Committee on Electoral Matters yesterday asked the Independent National Electoral Commission (INEC) to forward its budget estimates for the 2019 general elections within 30 days.

We’ve not violated Fiscal Responsibility Act – Kemi Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, has denied that the Federal Ministry of Finance and the Office of the Accountant General of the Federation (OAGF) failed to comply with the Fiscal Responsibility Act (FRA).

Finance ministry, OAGF comply with fiscal responsibility act – Kemi Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, has described as misleading report that the Federal Ministry of Finance and the Office of the Accountant of the Federation (OAGF) failed to adhere to the Fiscal Responsibility Act.

Federal govt presents revised MTEF/FSP to Senate

The Federal Government has presented a revised 2018 to 2020 Medium Term Expenditure Framework and Fiscal Strategy Paper (FSP) to the Senate for consideration.

Ngozi Okonjo-Iweala’s memo caused N1.7tn revenue loss – Senate

The Senate Ad Hoc Committee on Alleged Misuse, Under-Remittance and Other Fraudulent Activities has said revenue agencies short-changed the Federal Government to the tune of N1.7tn as unremitted revenue generated between 2012 and 2016.

President Buhari sends 2018-2020 fiscal strategy paper to Senate

President Muhammadu Buhari has sent the 2018-2020 Medium-Term Expenditure Framework, MTEF, and Fiscal Strategy Paper, FSP, to the Senate.

House of Reps probes TCN’s $1.5bn, $500m foreign loans

The House of Representatives has queried loans totalling $1.5bn taken from foreign creditors by the Transmission Company of Nigeria.

2018 Budget: President Buhari submits 2018-2020 MTEF to House of Reps

President Muhammadu Buhari on Tuesday presented to the House of Representatives, the 2018-2020 medium term expenditure framework (MTEF) and the fiscal strategy paper (FSP) as part of preparations for the presentation of the 2018 appropriation bill.

National Assembly will get 2018 Budget in October – minister

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.

Recent Stories

Brazil complain to FIFA over non-use of VAR technology

The Brazilian Football Confederation (CBF) has asked FIFA why the Video Assistant Referee (VAR) was not used to review two key decisions they believe hindered their side during Sunday’s 1-1 draw with Switzerland.

Presidency: President Buhari to sign 2018 budget Wednesday

The Presidency has confirmed that President Muhammadu Buhari will sign the 2018 budget into law on Wednesday.

World Cup: Brazil panic over fresh Neymar injury

Switzerland did not hold back in a physical encounter with Brazil in their opening World Cup game, and Neymar, who was playing his first competitive game since a foot operation in February, felt the consequences.

Governor Emmanuel inaugurates $45m International market

Gov. Udom Emmanuel of Akwa Ibom, on Monday inaugurated the $45 million International market (Urua Nka) in Eket Local Government Area of Akwa Ibom.

Banned ex-FIFA supremo Sepp Blatter flying to Moscow for World Cup

Banned former FIFA president, Sepp Blatter, will fly to Moscow on Tuesday, his spokesman told Reuters.