Ambode Presents N852.316bn Budget For 2019

Governor Akinwunmi Ambode of Lagos on Tuesday presented the year 2019 budget proposal of N852.316 billion to the House of Assembly. The budget, Ambode said, was a carefully prepared document to be all-encompassing and dedicated to complete major ongoing projects in the state. According to the Governor, N462.757billion, representing 54 per cent of the total […]

Ambode Presents N852.13bn Budget

Lagos State Governor, Mr. Akinwunmi Ambode, has presented a budget of N852.13bn to the Lagos State House of Assembly. The budget is lower than that of last year, which was N1.046trn. Explaining the shortfall in the 2019 budget, Ambode said the budget performance of 2018 was put into consideration before preparing the 2019 budget. “The […]

Budget Office: NNPC Paying N53 Subsidy On Every Litre Of Petrol

Ben Akabueze, director general of the Budget Office, says the Nigerian National Petroleum Corporation (NNPC) is paying N53 on every litre of petrol consumed by Nigerians. Speaking on Wednesday at the Strategic Dialogue on the Morocco-Nigeria Relations in Abuja, the DG said Nigeria would have been celebrating high oil prices but it isn’t. At the […]

Minister-Udoma-Udo-Udoma

Nigeria Wants Improved Private Sector Investment By European Businesses

The Minister of Budget and National Planning, Senator Udoma Udo Udoma, on Thursday in Brussels, Belgium, called for improved private sector investment in Nigeria by European businesses, saying that the country’s investment climate is now very attractive and conducive. Senator Udoma who was on the panel that discussed ‘Delivering Jobs, Growth and Global Competitiveness’ at […]

Lagos Q1 IGR Hits N103.4bn As State Spends N93bn On Capital Projects

The Lagos State government on Tuesday said its internally generated revenue for the first quarter of 2018 was N103.476billion. This is as against the N96.7billion recorded in the previous year, accounting for 81 per cent of the total revenue of N141billion generated in the quarter this year. Commissioner for Economic Planning and Budget, Mr. Segun […]

Accountant General of the Federation Ahmed Idris.

AGF Gets N3.7 billion in 2017 Budget

The Office of the Accountant-General of the Federation (OAGF) has so far received N3.740 billion as budgetary disbursements this year. Accountant-General of the Federation (AGF) Mr. Idris Ahmed made this disclosure during the 2018 budget defence of the Federal Ministry of Finance before the Senate on Tuesday in Abuja. Ahmed said so far, in the […]

2017 Budget: FG To Release Fresh N750bn For Capital Projects

The Federal Government on Monday said the sum of N750 billion would be released this week to Ministries, Departments and Agencies of government for implementation of capital projects contained in the 2017 budget. The Minister of Finance, Mrs Kemi Adeosun, gave the figure while speaking during a meeting with a delegation of investors from France. […]