2016 budget

FG gives breakdown of N1.2trn released for capital projects in 2016

by Omoleye Omoruyi The Federal Ministry of Finance in a statement signed by the ministry’s Director of Information, Salisu Na’inna Dambatta, gave the breakdown of the N1.2 trillion released for capital projects in 2016. The statement says, “Power, Works and Housing received the largest allocation of N307,411,749,682 followed by Defence and Security, N171,900,597,013 and Transport... Read More

2016 budget, Capital projects, Federal Government, N1.2trn

The Big 5: These are the stories you should be monitoring today

These are the top five stories you should monitor today. Why it is difficult to trace and recover stolen monies – Osinbajo Vice President Yemi Osinbajo on Thursday said most African countries find it difficult to trace and recover stolen money. Osinbajo said this in his remarks at the anti-corruption and integrity forum of the... Read More

2016 budget, BukolaSaraki, DSS, Ifeanyi Ubah, nnpc, President Muhammadu Buhari, The Big 5

The YNaija Tracklist: NNPC N11bn debt: DSS quizzes Ifeanyi Ubah | Senate embraces Buhari’s peace moves | More stories

From the papers this morning – a Tracklist. Why it is difficult to trace and recover stolen monies – Osinbajo – YNaija NNPC N11bn debt: DSS quizzes Ifeanyi Ubah – YNaija Senate embraces Buhari’s peace moves – YNaija 2017 appropriation bill: FG extends tenure of 2016 budget – YNaija ‘EFCC invites more CBN officials over... Read More

2016 budget, Brexit, Bukola Saraki, DSS, Gernot Rohr, Ifeanyi Ubah, IMF, nnpc, Presidemt Muhammadu, The YNaija Tracklist, Yakubu Dogara

Buhari to meet with Saraki and Dogara at presidential villa

2017 appropriation bill: FG extends tenure of 2016 budget

by Azeez Adeniyi The Federal Government has extended the tenure of the 2016 national budget until when the 2017 appropriation bill is signed into law. This was after a meeting between the Senate President, Bukola Saraki and Speaker of the House of Assembly, Yakubu Dogara on Thursday over the 2017 budget. According to reports, the... Read More

2016 budget, 2017 appropriation bill, Bukola Saraki, FG, tenure, Yakubu Dogara

Just In: Senate approves $500m Eurobond to fund 2016 budget deficit

The senate has approved the Federal Government’s request to borrow $500 million out of the $1 billion Eurobond from the International Capital Market (ICM). This was after it was put to a voice vote at the committee of the whole on Wednesday. Vice President Yemi Osinbajo had written to the National Assembly requesting approval for... Read More

2016 budget, 500m, approves, budget deficit, Eurobond, senate

February 6, 2017

My ministry got only 53 per cent of its 2016 budget – Fashola

Minister of Power, Works and Housing, Babatunde Fashola has said the ministry received only 53 per cent of the over N300bn appropriated to it 2016. Fashola said this at the ongoing 2017 budget defence before the Senate Committee on Works on Monday in Abuja. He said the ministry was allocated N456. 94bn in the 2016 budget... Read More

2016 budget, babatunde Fashola, Minister of Power, N300bn, proposal, Works and Housing

December 14, 2016

We have implemented N3.58trn of the 2016 budget – Buhari

The Federal Government has implemented about N3.58tn out of the N6.08tn for the 2016 Budget, President Muhammadu Buhari said on Wednesday. Buhari said this while presenting the N7.28trn 2017 budget to the joint session of the National Assembly. He said the 2016 budget was not fully implemented due to the low oil prices in the... Read More

2016 budget, President Muhammadu Buhari

October 28, 2016

2016 budget performing at 79 per cent – FG

The Federal government on Friday gave a breakdown of the performance of the 2016 budget. This is contained in a statement by the Media Adviser to the Minister for Budget and National Planning, James Akpandem. The statement said, “The Federal government has so far spent N3.577 trillion out of the full year budget of N6,060 trillion... Read More

2016 budget, 79 per cent performance, James Akpandem, Minister for Budget and National Planning, Senator Udoma Udo Udom

October 5, 2016

[The Presidential Blog]: Let’s talk about the sale of the Presidential aircraft

Let us start here: There are currently 10 aircraft in the Presidential fleet and the administration of PMB has spent an estimated NGN 5.3billion on maintenance according to this piece by Ayo Opeoluwa of Y Monitor. The President made the grand campaign promise that he was going to cut down on the fleet within one year... Read More

The Presidential Blog

2016 budget, budget, Federal Government, fleet, presidential blog, presidential jets, sale of national assets

September 24, 2016

2016 budget to be funded by sale of national assets – FG

The Federal Government on Saturday said the sale of national assets were needed to fund the 2016 budget. This is contained in a statement issued by the Minister of Budget and National Planning, Senator Udo Udoma through his Media Adviser, Mr Akpandem James. Udoma said the sale was necessary as the government had lost almost... Read More

2016 budget, Federal Government, fund, National assets, Senator Udo Udoma

September 2, 2016

#Budget PaddingTracker: EFCC begins probe against Speaker Dogara

The Economic and Financial Crimes Commission (EFCC) has begun investigations into allegations of “budget padding” levelled against speaker of the House of Representatives Yakubu Dogara, speaker of the house of representatives, The Cable reports. A former chairman of the House of Representatives Committee on Appropriation Abdulmumin Jibrin on August 1 submitted petitions to the EFCC... Read More

2016 budget, Abdulmumin Jibrin, Budget padding, EFCC, House of Representatives, Yakubu Dogara

August 24, 2016

Reps question non-implementation of N500billion social welfare budget

The House of Representatives on Tuesday raised questions regarding N500bn budgeted by the Federal Government in the 2016 budget for job creation and provision of other social services to vulnerable people. In a meeting with the Special Adviser to President Muhammadu Buhari on Social Investment, Maryam Uwais, the House Committee on Legislative Budget/Research and the Committee on Poverty... Read More

2016 budget, Committee on Poverty Alleviation, Federal Government, House Committee on Legislative Budget/Research, Maryam Uwais, N500bn social welfare, President Muhammadu Buhari, social welfare budget

August 13, 2016

Budget-Padding Tracker: ‘I’m not above the law – Dogara

Speaker of the House of Representatives Yakubu Dogara has finally broken his silence on the budget padding allegations leveled against him by a former chairman of the Appropriation Committee, Abdulmumin Jibrin. The speaker made this known in a thread of tweets on Saturday via his Twitter account, @SpeakerDogara. Dogara said his statements on the issue... Read More

2016 budget, Abdulmumin Jibrin, allegations, Budget padding, Budget-Padding Tracker, House of Representatives, Yakubu Dogara

August 10, 2016

Buhari didn’t sign a padded budget – Presidency

The 2016 national budget signed by President Buhari was not padded, the Presidency said on Tuesday. This claim was made by the Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Ita Enang; and the Senior Special Assistant to the President on National Assembly Matters, Ismail Kawu with regards to the budget padding... Read More

2016 budget, Abdulmumin Jibrin, Budget padding, President Muhammadu Buhari, Yakubu Dogara

Budget-Padding Tracker: I received 1.4bn for constituency projects – Leo Ogor

Minority Leader of the House of Representatives, Leo Ogor, has stated that he received the sum of 1.4bn Naira for constituency projects in the 2016 budget. Ogor made the disclosure while addressing his constituents at Oleh, Isoko South Local Government Area, Delta State. Giving a stewardship of his account, Ogor noted that he did not do anything... Read More

Featured, The News Blog

1.4bn, 2016 budget, Abdulmumin Jibrin, Budget padding, Budget-Padding Tracker, Constituency projects, Leo Ogor, Yakubu Dogara

Budget-Padding Tracker: 3 versions of 2016 budget submitted to police

Ousted House of Representatives Appropriations Committee chairman Abdulmumin Jibrin yesterday sent three versions of the 2016 budget to the police as the force began investigations of his allegation of padding. According to The Nation, the Special Investigation Panel (SIP) of the force has started sieving the documents to isolate the padded areas. Jibrin had petitioned the... Read More

Featured, The News Blog

2016 budget, Abdulmumin Jibrin, Budget padding, Budget-Padding Tracker, corruption, Muhammadu Buhari, Nigeria Police Force, Yakubu Dogara

Just In: Jibrin meets with APC leaders over budget padding allegations

The former Chairman of the House of Representatives Committee on Appropriations, Abdulmumin Jibrin is currently in a meeting with the leadership of the All Progre‎ssives Congress (APC), following his claims that Speaker of the House, Yakubu Dogara padded the 2016 national budget to the tune of N40 billion. According to Vanguard, Jibrin arrived the secretariat around 2:09pm... Read More

2016 budget, Abdulmumin Jibrin, APC leaders, Budget padding, Budget-Padding Tracker, House of Representatives Committee on Appropriations, Meeting, Yakubu Dogara

Budget-Padding Tracker: Will Dogara suspend Jibrin from the House?

Following pressure from members of the House, Speaker of the House of Representatives, Yakubu Dogara, may suspend former Appropriation Committee chairman, Abdulmumin Jibrin, the Nations reports. According to sources who spoke to the paper, members of the House had told Dogara to choose between them and Jibrin in light of the embarrassment brought on the... Read More

2016 budget, Budget-Padding Tracker, Dogara, House of Rep, Jibrin, speaker, Tambuwal

Opinion: No nation develops in ease and quiet

As development stories go, no nation develops in ease and quiet. After exertion comes enjoyment and the most massive nations are seared with scars. I am not a religious man but I will say, ‘even though darkness persists for a night, joy comes in the morning’. This has always happened. In South Korea, China and... Read More

2016 budget, deregulation, fiscal Policy, government, subsidy

‘I hear your cries, I share your pains’ | 11 key quotes from Buhari’s budget signing address

President Muhammadu Buhari signed into the law, the 2016 budget on Friday, May 6 – almost six months after submitting the document to the National Assembly. During the budget signing ceremony, President Buhari said the following: 1. The budget is intended to signpost a renewal of our commitment to restoring the budget as a serious... Read More

Featured, The News Blog

2016 budget, President Muhammadu Buhari, signing

President Buhari Signs Budget into law

Finally, President Buhari signs 2016 budget into law

After months of political wrangling between the National Assembly and Presidency, the Nigerian President, Muhammadu Buhari, on Friday, signed the 2016 Appropriation Bill into law. The budget was signed at 12 noon at a short ceremony at the President’s office, in Aso Rock. Present at the budget signing ceremony were the Vice President, Yemi Osinbajo,... Read More

Featured, The News Blog

2016 budget, President Buhari news

After 3 dirty copies, Buhari to receive ‘clean’ 2016 budget today

#TheNewsIn5Lines: At this point, even a deaf mute would be aware of the seemingly endless back and forth between President Muhammadu Buhari and the National Assembly over the 2016 budget. After submitting the document to the federal lawmakers in December 2015, the nation’s Ministers were called to defend their budgets but they simply couldn’t – as... Read More

2016 budget, Buhari, clean copy

Presidency awaits return of budget

Reports have it that members of the special committee raised by the Presidency to work with the National Assembly to fine-tune the 2016 budget, are still working on the document. Vanguard reports that the document is still not ready for assent by President Muhammadu Buhari. The modification efforts being carried out on the documents by... Read More

2016 budget, NASS, Presidency

NASS to return ‘corrected’ 2016 budget to presidency today

The reconciliation committee of the National Assembly, set up to work on the controversial 2016 budget, is set to return the corrected bill to the Presidency on Saturday, April 30. The committee, which was chaired by the Deputy Speaker of the House of Representatives, Suleiman Lasun, has worked on the budget for the past two... Read More

2016 budget, NASS, national assembly, Presidency, president

President Buhari Signs Budget into law

Buhari to sign 2016 budget ‘in a matter of days’

The Executive and the National Assembly appear to have resolved the seemingly unending impasse over the 2016 budget. Consequently, President Muhammadu Buhari is expected to sign the document into law in the coming days. A middle ground was arrived at on Tuesday, after the conclusion of a meeting between the president, Vice President Yemi Osinbajo... Read More

2016 budget, NASS, Presidency

‘Budget crisis to be resolved this week’

The spokesperson of the House of Representatives, Abdulrazak Namdas, on Sunday, absolved the National Assembly of any fault in the 2016 budget crisis, saying that the crisis arose because President Muhammadu Buhari was yet to see sufficient reason to sign the bill. Speaking on Channels Television, the House spokesperson disclosed that the National Assembly will... Read More

2016 budget, national assembly, president

Buhari returns budget to National Assembly, demands adjustment

The last is yet to be heard about the controversial 2016 budget as President Muhammadu Buhari is reported to have officially returned the bill to the National Assembly, with a demand for adjustment on areas of concern to the presidency. This was disclosed on Thursday, by the spokesperson of the House of Representatives, Abdurazaq Namdas.... Read More

Featured, The News Blog

2016 budget, Buhari, house, national assembly

‘We are still talking’ | 2016 budget signing not happening soon

At the moment, the Federal Government cannot give a specific date when the 2016 budget would be signed into law. While Nigerians groan and grumble over the continuous delay in assenting the budget, the executive says it’s still holding talks with the National Assembly to sort out grey areas in the document. Speaking after the... Read More

2016 budget, assent, Executive, national assembly

President Buhari Signs Budget into law

Senator confirms ‘Lagos-Calabar railway project’ was included in 2016 budget

The controversy around the 2016 budget appears to have deepened as the Chairman Senate Committee on Land Transport, Senator Gbenga Ashafa (Lagos East), on Monday, stated that the executive actually included the Lagos-Calabar railway projects in the document. Ashafa’s position on the controversy matter runs contrary to earlier assertion by the Speaker of the House... Read More

2016 budget, Amaechi, gbenga ashafa

5 aspects of the budget Presidency claims was ‘changed’ by NASS

The Presidency has handed down details of the alleged distortion of the 2016 budget to the leadership of the National Assembly. The federal government made the details available to the National Assembly during a meeting on Saturday night between President Muhammadu Buhari, Vice President, Yemi Osinbajo; Senate President, Dr. Bukola Saraki and the House of... Read More

2016 budget, FG, NASS, Presidency

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