Akinwumi-Ambode

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 […]

Budget: Govt Should Give Infrastructure Funding Priority, Says Expert

Federal Government should ensure that a large part of the of the N8.6 trillion budget for 2017 targets infrastructure, Chief Executive Officer, BudgiT, a civic organization promoting transparency in governance,  Seun Onigbinde, has said. Speaking yesterday during the maiden edition of the ‘Meet-The-Executive’ organized by the Finance Correspondents Association of Nigeria (FICAN) in Lagos, Lagos, he […]

Buhari proposes N8.6trn budget for 2018

President Muhammadu Buhari has proposed N8.6trn for the 2018 financial year. Buhari made this known at the Joint Session of the National Assembly on Tuesday in Abuja, during the presentation of the 2018 Budget Proposal. The President assured that the 2018 budget would be a consolidation of the earlier ones, noting that 2018 is expected […]

Govt to float $2.5b Eurobond to bridge 2017 budget

The Debt Management Office (DMO) said yesterday  the Federal Government would float Eurobond to raise 2.5 billion dollars before December. DMO Director-General Patience Oniha stated this at the 2017 Nigerian Debt Capital Markets Conference and Awards, organised by the FMDQ OTC Securities Exchange in Lagos. She said the borrowing would enable the country to bridge […]

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 […]