FG inaugurates Technical Working Group on Road Safety

· Establishes capital project development framework for critical road projects In its determined effort to enhance safety, security and comfort on the roads, the Federal Government has established a robust capital project development framework to encourage and increase public-private partnerships to deliver critical road projects. Minister of Budget and National Planning, Senator Udoma Udo Udoma who […]

‘2018 budget MTEF unrealistic, below standard’

The Centre for Social Justice (CSJ) has said that the Medium Term Expenditure Framework 2018-2020 for the proposed N7.9 trillion 2018 budget does not meet standard and is unachievable. The lead director of the centre Eze Onyekpere said in a statement that beyond the slides presented by the Minister of Budget and National Planning Udoma […]

Budget Minister continues consultations, explains projections for MTEF and FSP for 2018-2020

The Minister of Budget and National Planning, Senator Udoma Udo Udoma at the weekend took the 2018-2020 MTEF and FSP consultations exercise to Lagos where he met with civil society organizations (CSOs), private sector operators (PSO) and the general public. The Minister presented draft proposals for the Medium Term Fiscal Framework/Fiscal Strategy Paper (MTFF/FSP) 2018-2020 […]

Budget Minister consults with National Assembly on 2017 – 2020 MTEF

Minister of Budget and National Planning, Senator Udoma Udo Udoma, on Tuesday evening continued consultations on the draft 2018 – 2020 Medium Term Expenditure Framework (MTEF) with a session with the leadership and heads of relevant committees of the National Assembly. The meeting which is in keeping with the determination of the Executive to carry […]

IPC, ActionAid Nigeria, BudgIT, others task Nigerians on budget monitoring

Lagos-based NGO, the International Press Centre (IPC) at a one day open Budget Forum on  Advancing Citizens Participation in the Budget Implementation Process of Lagos State has tasked Nigerians to follow the national budget and read between the lines to be able to engage the government on development issues. The event which held in Lagos […]

Nigeria to spend N2.174tr on capital expenditure

Dayo Emmanuel The Federal Government of Nigeria is to spend N2.174tr on capital expenditure according to the recently signed 2017 budget. The amount represents about 29% of the total budget figure of N7.44tr and an increase of over N300bn above the capital expenditure of the previous year which stood at N1.8tr. According to the budget […]

We shall work hard to implement the budget – Udoma

Minister of Budget and National Planning, Senator Udoma Udo Udoma, has indicated that government will work hard to increase revenues so as to be able to fund the Budget. Senator Udoma also said that in spite of criticisms about government borrowings, the country’s fiscal deficit is still well within the three per cent (3%) limit […]

EU announces €143 million support package for the crisis in North East

The European Union (EU) Commission on Thursday in Brussels, Belgium, announced a support package of €143 million to help the early recovery and reconstruction needs in the North East of Nigeria. The package is for the provision of basic services including energy, education and health, job creation, strengthening monitoring and evaluation systems as well as […]

Osinbajo signs 2017 budget

  Acting President Yemi Osinbajo on Monday signed the 2017 budget almost four weeks after the National Assembly transmitted the appropriation bill to the presidency.   President Muhammadu Buhari had given Osinbajo, the green light to sign the 2017 budget.   President Buhari in a letter addressed to Budget Minister, Udoma Udo Udoma said it […]