Tag Archives: Budget

As the capital component of the 2016 budget completed it cycle on May 5, 2017, the Ministry of Finance disclosed thursday that it had so far released N1.2 trillion of the N3trillion capital vote to various ministries, departments and agencies (MDAs) of the government. According to a statement issued by the Director of Information) on the ministry, Mr. Salisu Na’Inna …

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The Federal Government is committed to its youth empowerment programmes and is considering adopting capacity to create jobs as one of the criteria for offering government contracts and assistance. Budget and National Planning Minister, Senator Udoma Udo Udoma, who gave the indication at a forum with members of the 25thRegular Course on Policy, Strategy and Leadership of the National Institute …

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The Federal Government should simplify taxes and reduce fees involved in laying fibre optic cables to encourage development of infrastructure for the technology industry, Google’s Manager in Nigeria, Juliet Ehimuan-Chiazor, has said. Ehimuan-Chiazor told Reuters, that boosting the technology industry will help diversify Nigeria’s oil-dependent economy, which is now in its second year of a recession caused mainly by low …

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President Muhammadu Buhari has approved the constitution of an inter-ministerial committee on pension liability to reconcile outstanding pension liabilities and proffer solutions to the lingering problems. The Minister of Finance is the chairman. Other members of the committee include a representative of the Secretary to the Government of the Federation, representative of the Head of Service of the Federation, the …

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The senate has approved the request of the federal government to borrow $500 million out of the $1 billion Eurobond from the International Capital Market (ICM). The senate approved of the request after putting it to a voice vote at the committee of the whole on Wednesday. On February 22, Vice-President Yemi Osinbajo, then acting president, wrote to the national …

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The Federal Government has reassured Nigerians that it has both the political will and execution capacity to drive the implementation of the recently released Economic Recovery and Growth Plan (ERGP), to achieve the desired objectives. The assurance follows apprehensions in some quarters that Nigeria’s challenge has never been that of crafting beautiful plans, but more of lack of the necessary …

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The support of the National Assembly is very critical to the successful implementation of the Economic Recovery and GrowthPlan (ERGP), the Minister of Budget and National Planning, Senator Udoma UdoUdoma, has told members of the House of Representatives Tactical Committee onRecession. Members of the Committee were at the Ministry on Tuesday to further discuss ways of speedily getting the economy …

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The Nigerian Economic Recovery and Growth Plan (ERGP) will be driven by Science, Technology and Innovation, with the youths being targeted to deliver the Plan success, the Minister of Budget and National Planning Minister, Senator Udoma Udo Udoma, has disclosed. Senator Udoma, while receiving the Country Representative of UNICEF, Mr Mohammed Malick Fall, in Abuja at the weekend, said government …

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The Nigerian Government is committed to putting energy and resources into addressing the humanitarian challenges in the North East of the country and will strongly support any initiative by the international community in that direction. Budget and National Planning Minister, Senator Udoma Udo Udoma indicated this in Abuja when the Ambassadors of Norway and Germany, Mr Jens-Petter Kjemprud and Barnthard …

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No N29 billion provision to fight militancy in 2017 Budget—FG The Ministry of Budget and National Planning, said its attention has been drawn to the Monday, January 2, 2017 edition of Thisday newspaper, with the headline PANDEF expresses displeasure over N29b budgeted to fight militancy in 2017. The publication, according to a statement from the Budget ministry quotes a statement …

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