Budget Archives — Page 5 of 6 — City Business News

November 16, 2019 No Responses

Kano Budgets N30b For Health Sector In 2020

The Kano State Government allocated over N30 billion to the health sector in its 2020 budget proposal presented recently to the State House of Assembly for approval. In a chat with Journalists after he appeared before the Assembly to defend...

November 16, 2019 No Responses

Volkswagen Budgets $66b For Future Car Models

Volkswagen is to plough 60 billion euros ($66 billion) by 2024 into its switch to electric, hybrid and connected vehicles, as automakers around the world rev up electrification plans. The company explained on Friday that the sum is an increase...

November 14, 2019 No Responses

Edo Budgets N177b For 2020

Governor Godwin Obaseki of Edo on Wednesday presented a budget of N177 billion for 2020 to the state House of Assembly for approval. The budget is 3.34 per cent higher than the 2019 figure of N175 billion. The budget has...

October 13, 2019 No Responses

Kaduna Proposes N245.4b Budget For 2020

The Kaduna State Government, on Saturday, at a town hall meeting, said it had prepared a budget of N245.4 billion for the 2020 fiscal year. News Agency of Nigeria (NAN) reports that the town hall meeting was held at Gen....

September 28, 2019 No Responses

Lawan Seeks Legislation For Budget Cycle

President of the Senate, Ahmad Lawan, has underscored the need to have a budget reform that will include a law on timeliness in budget passing.“We can reform our budget cycle if there is a law on timeliness for budget passing,”...

September 11, 2019 No Responses

Nigerian Proposes N9.79t Budget For 2020

The Nigerian 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. Mrs Ahmed announced this on Tuesday in Abuja at...

July 31, 2019 No Responses

Senate Seeks Return of Budget Cycle To Jan/Dec

The President of the Senate, Ahmad Lawan said on Tuesday that the desire of the ninth Senate and indeed the National Assembly is to have the budget cycle return to January to December. Lawan spoke shortly before the Senate adjourned...

January 3, 2019 No Responses

2019: Lagos Budgets N852.317b

Lagos State Government has send an appropriation Bill of N852.317 billion to the House of Assembly for consideration and approval. The estimate is N194b less to last year’s N1.046 trillion. The Commissioner for Budget & Economic Planning, Mr....

December 28, 2018 No Responses

Buhari Faults Atiku’s Criticism Of 2019 Budget

The presidential candidate of the Peoples’ Democratic Party (PDP), Alhaji Atiku Abubakar, last weekend, issued a statement in which he described President Buhari’s 2019 budget proposal as fundamentally flawed and failing to address current realities. He we...

November 8, 2018 No Responses

Nigeria Needs N2tri Annually To Adequately Fund Tertiary Education, Says Babalakin

Dr Wale Babalakin, the Pro-Chancellor and Chairman, Governing Council, University of Lagos (UNILAG), on Wednesday said Federal Government needs about N2 trillion annually to properly fund tertiary education. Babalakin made the disclosure at the 20th Anniversar...

October 25, 2018 No Responses

Nigeria Projects N8.73trillion For 2019 Budget

Nigeria has projected N8.73 trillion for 2019 budget, about N400 billion less than the N9.12 trillion for 2018. Under the arrangement, oil benchmark assumption has been pegged at $60 by the Federal Executive Council (FEC), which also on Wednesday...

September 6, 2018 No Responses

Nigeria Warns Civil Servants Against Over-Bloated Budgets

The Federal Government has expressed concern over unethical vices which have been known to engender over-bloated budgetary allocations for salaries, incomes and wages of civil servants, warning that such practices should stop henceforth. The government therefo...

July 18, 2018 No Responses

Nigeria Explains N228.9b For 2019 Polls

President Muhammadu Buhari has forwarded a letter to the National Assembly seeking N228,854,008,215 from the N9.12 trillion 2018 budget to fund the 2019 general election and other critical projects. According to Buhari, the N228.9 billion from N578,319, 9...

June 21, 2018 No Responses

Reps Justifies N578b Hike In 2018 Budget

Nigeria’s House of Representatives has justified its decision to raise the 2018 budget estimates by N578 billion. The House also blamed the Executive for the late passage of the budget. Reacting to President Muhammadu Buhari’s complaints while sign...