Budget Archives — Page 6 of 7 — City Business News

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 went on to identify...

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...

May 12, 2017 No Responses

National Assembly passes N7.441tri 2017 Budget

The 2017 budget of N7.441trillion was on Thursday passed by the two chambers of the National Assembly. President Muhammadu Buhari had on December 14, 2016 presented a N7.298 trillion estimate before the joint session of the National Assembly. In the...

April 9, 2017 No Responses

NPA presents N233.7b expenditure for 2017

The Nigerian Ports Authority (NPA) has earmarked N233.7billion expenditure for the year 2017. Presenting the budget estimate to the House of Representative Committee on Ports, Habours & Waterways under the leadership of Hon. Patrick Asadu, Managing Directo...

February 7, 2017 No Responses

Edo Assembly passes N153.2b budget for 2017

The Edo House of Assembly on Monday passed the state’s 2017 budget proposal of N153.18bn. Governor Godwin Obaseki of Edo had on December 19, 2016 presented a budget proposal of N150bn to the Assembly for consideration and passage. The budget...