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 […]

At Last, Buhari Signs 2018 Budget …As Saraki, Dogara Absent

President Muhammadu Buhari has eventually signed the 2018 Budget into law, saying inspite of late passage of the budget, he would do his best to implement the 2018 budget. Meanwhile, at a signing ceremony that took place in one of the President’s offices, Presidential Villa in Abuja, Senate President Bukola Saraki and the Speaker of […]


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 […]


No Suspicious Items In 2018 Budget—Budget And Planning Ministry

The Ministry of Budget and National Planning says there are no suspicious items in the 2018 Budget as speculated by a few commentators. The commentators have made observations and allegations that tend to suggest that some line items and projects in the budget are suspicious, but the Ministry explained that the items in the budget […]


Lagos Made N503.7bn IGR, Budget Performed 82% Last Year-Ambode

Tayo Olanipekun Governor Akinwunmi Ambode of Lagos State on Thursday said in spite of the state of the nation’s economy in 2017,the state budget performed well as the Center of Excellence also raked in a huge amount in Internally Generated Revenue (IGR). He put the performance of the budget last year at 82 per cent […]

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 […]

finance minister

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. […]

2018 Budget Projections Unrealistic–Senate

Some senators on Tuesday described the projections contained in the 2018 budget proposal presented by President Muhammadu Buhari as unrealistic. The senators who spoke during the debate on the general principle of the fiscal document also faulted what they described as ‘abysmal implementation of the 2017 budget’. The Senate leader, Ahmad Lawan had while giving […]