Home Topics Fiscal Responsibility Act
Fiscal Responsibility Act
Over the years, the nation’s budget cycle has been inconsistent without a definite pattern, giving room for speculations and poor implementation.
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 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.
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.
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).
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.
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 Muhammadu Buhari has sent the 2018-2020 Medium-Term Expenditure Framework, MTEF, and Fiscal Strategy Paper, FSP, to the Senate.
The House of Representatives has queried loans totalling $1.5bn taken from foreign creditors by the Transmission Company of Nigeria.
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.
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 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.
The Presidency has confirmed that President Muhammadu Buhari will sign the 2018 budget into law on Wednesday.
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.
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 former FIFA president, Sepp Blatter, will fly to Moscow on Tuesday, his spokesman told Reuters.
The national executives of Change Advocates of Nigeria (CAN), Nigeria and Diaspora have endorsed President Muhammadu Buhari for a second term in office come 2019.
The Nigeria Security and Civil Defence Corps (NSCDC), Ogun State command, has declared a total war against vandals, particularly electricity installations and pipeline vandals.
The UN General Assembly on Wednesday condemned Israel for excessive use of force against Palestinian civilians, in a resolution adopted by a strong majority of 120 countries.
One Mathew Ngana, an alleged notorious armed robber and leader of the deadly Malaysian Forest Gang, has been killed in a gun battle with policemen at Nimbo in Uzouwani LGA of Enugu State.
Nigeria ought to produce postage stamps depicting 2018 FIFA World Cup to further market the country to the world, a stamp collector said on Monday.