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 […]

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 […]