Budget Archives — Page 6 of 7 — City Business News

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...

December 30, 2017 No Responses

Obaseki signs Edo’s N150b 2018 Budget into Law

The Governor of Edo State, Mr Godwin Obaseki, has signed the state’s 2018 appropriation bill as passed by the Edo State House of Assembly, into law. At the signing ceremony in Government House, Benin City, on Friday, Obaseki said the...

November 28, 2017 No Responses

Edo budgets N140b for 2018, to complete bus terminals

The Governor of Edo State, Mr. Godwin Obaseki, will on Wednesday, present the budget proposal for 2018 fiscal year to the Edo State House of Assembly for consideration. The budget expected drive growth and progress in all sectors of the...

November 3, 2017 No Responses

Buhari to present 2018 budget on Tuesday

President Muhammadu Buhari has written to the National Assembly, informing them of his readiness to present the 2018 appropriation budget on Tuesday, November 7, 2017. In a letter addressed to the Senate President Bukola Saraki and Speaker of the House...

October 14, 2017 No Responses

Edo reviews 2017 budget downwards by 16.49 %

The Edo State Government has approved the downward review of the 2017 budget from the initial ₦153.187bn to ₦127.921billion, representing a 16.49% reduction. In a statement issued after an emergency Executive Council (EXCO) meeting held at Government Hou...

May 12, 2017 No Responses

NASS earmarks N23.7B for personnel cost in 2017

The National Assembly has earmarks N125billion for its 2017 budget, up from N115billion in 2016. Under the arrangement, total personnel cost is N23,789,787,880 while total overhead cost is N85,878,619,888; total capital cost will gulp N14,940,196,063. A...