Tag Archives: Budget

In a commitment to a timely and efficient budget cycle, President Bola Tinubu has officially signed the 2024 Appropriation Bill into law. The signing ceremony, held at the State House on Monday, saw President Tinubu stressing the importance of diligent implementation and accountability. During the signing, Tinubu directed all Ministries, Departments, and Agencies (MDAs) to submit monthly Budget Performance Reports …

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BudgIT Foundation, a civic-tech organisation leading the advocacy for transparency and accountability in public finance in Nigeria and three other African countries, has raised concerns over critical issues on the 2022 proposed budget following its analysis of the 2,168-page docu

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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 budget size, had been earmarked …

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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 overall 2018 budget stood at …

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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 Department of Petroleum Resources’ estimates …

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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 the House of Representatives, Yakubu …

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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 the on-going High-Level Conference on Jobs …

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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 Banjo, made this known in …

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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 were well conceived and provided …

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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 and that of the IGR …

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