Tag Archives: 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 budgetary releases made to OAGF …

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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. She said the government had …

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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 the overview of the budget …

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The Federal Executive Council on Wednesday approved the retention of Malaysian consultants to help conduct a study that would aid the implementation of the President Muhammadu Buhari administration’s Economic Recovery and Growth Plan. The Minister of Budget and National Planning, Udo Udoma, disclosed this to State House correspondents at the end of a meeting of the council presided over by …

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The National Assembly must have a budget office that will provide analyses and advice to the legislative arm of government so as to ease the passage of the document and enhance its implementation. Former Minister of National Planning, Shamsuddeen Usman, who said this in Lagos on Friday, said such an institution will bring efficiency to the national budget implementation and …

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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 said conversations of budget should …

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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 to be a year of …

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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 the gap in the 2017 …

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· 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 indicated this in Abuja on …

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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 Udoma at a briefing, the …

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