budget

December 21, 2024

Top 5 Stories Of The Day | Tinubu Targets ₦34.82trn Revenue to Fund Record-breaking ₦49.7trn Budget

Tinubu Targets ₦34.82 Trillion Revenue to Fund Record-Breaking ₦49.7 Trillion Budget · Activist Dele Farotimi Secures Freedom with ₦30 Million Bail · Suspension of 18 Edo LGA Chairmen Declared Unconstitutional by AGF · Nigeria’s Tax Reform Bill Stirs Regional Tensions · Peter Obi... Read More

budget, Dele Farotimi, economy, information, News, peter obi, Politics, Tinubu, Top 5 stories of the day

Nigeria’s budget to bear N49bn cost for incoming lawmakers’ salaries and allowances

The PUNCH has conducted an investigation revealing that the incoming lawmakers’ salaries and allowances in Nigeria may cost the country approximately N49bn. This amount covers the salaries and allowances of state and federal lawmakers. The data collated was obtained from the website of the Revenue Mobilisation and Fiscal Allocation Commission. The national level will spend... Read More

allowances, budget, House of Assembly, lawmakers, nigeria, salaries, senate

December 19, 2022

Nigerians celebrate Davido and Chioma’s comeback to social media; APC must not be allowed to return in 2023 – Atiku | 5 Things That Should Matter Today

Nigerians celebrate Davido and Chioma’s comeback to social media APC must not be allowed to return in 2023 – Atiku My administration has created over 13m jobs in agric sector – Buhari Hope for truce between Atiku and G-5 crumbles The National Assembly’s budget is too low – Reps Across Nigeria’s 36 states and the... Read More

13m jobs, 2023 elections, agric sector, APC, atiku abubakar, budget, Buhari administration, chioma, Davido, G-5 governors, House of Representatives, Ifeanyi Adeleke, Iyiocha Ayu, national assembly, PDP, qatar, truce, world cup

December 1, 2020

SERAP, BudgIT increase demand for accountability and it’s the perfect inspiration for active citizenship

There appears to be increased scrutiny of institutions of government in Nigeria, which is as natural in democracy as is breathing to human life. But Nigeria is anything but natural, and the welcomed scrutiny is a breath of fresh air and very needful for the country’s 20-year strong civilian democracy. Nigeria is a country with... Read More

budget, corruption, nigeria

COVID19: It’s 2020, yet Nigeria’s Finance Ministry unlocks a new level of ‘bambiala’

As Nigeria poises for a growing pandemic with the potential to wreak havoc to its fledgling healthcare system, it appears no measure is off the table. Begging a US billionaire for instance. Just days after the Federal Government reassured Nigerians of its preparedness for the crisis, billionaire US inventor and founder of the popular electronic... Read More

Deep Dive, Editor's Pick

and National Planning, budget, Elon Musk, Ministry of Finance, Musk, ventilator

September 5, 2019

5 Things that Should Matter Today: Seyi Makinde has slashed Oyo’s unrealistic budget by N103bn

Whenever governor of Oyo Seyi Makinde is in the news, you can bet that he’s done something good. Since installed as governor of the state, he’s been revolutionising politics in Nigeria and setting a solid example for others to emulate. Yesterday, he signed the 2019 Oyo State Appropriation Review and Finance Bill after looking critically... Read More

2022 FIFA World Cup, Boris Johnson, budget, Musa Wada, Oyo governor, PDP governorship candidate, Seyi Makinde, tiwa savage

FG secures release of Zainab Aliyu from Saudi detention; Police raid Abuja nightclubs, arrests over 70 women and other stories that made the headlines this week

Here are the stories that drove conversation this week: Police raid Abuja nightclubs, arrests over 70 women About two weeks after police officers arrested 30 women at different night clubs in Abuja, another 70 women have been arrested. The latest arrests were done on Saturday night and the victims were taken to and detained at... Read More

Featured, The News Blog

Ademola Adeleke, APC, arrests over 70 women, budget, Buhari, Femi Gbajabiamila, Police raid Abuja nightclubs, President Muhammadu Buhari, senate, The Big 10

Budget

Opinion: President Buhari’s 2018 budget illustrates Nigeria’s problem with planning to fail

President Buhari has signed the 2018 Appropriation Bill (9.12 trillion naira expenditures higher from 2017 by 22.6%), that is our national budget into law and he has already swung into blame-shifting mode. First, he is not impressed the National Assembly introduced projects (6,403) and applied cuts to those (4,700) presented by the executive. Second, he... Read More

budget, Buhari, elections, NASS

institutions, budget

Just a reminder, we’re five months into 2018 and we don’t have a budget

The Nigerian budget is the annual ritual performed by the executive arm of government. In the last quarter of every year, the executive is expected to present the fiscal policy for the upcoming year to the legislative arm. This document which is commonly referred to as the budget now exists as a mere document in... Read More

Counter Culture Blog

budget, legislature, Presidency

budget, presidents

January 12, 2018

[The Injustice Blog] After spending 280m on cars for former Presidents and Vice Presidents in 2017, why is the FG spending another 186m in 2018?

The Nigerian budgetary process over the years has remained a source of controversy. More than fifty years after independence our budgets have never really served as a guideline for innovation and nation building. From budgets of transformation, budgets of development to budgets of consolidation and other amorphous names, it all entails a process of copy... Read More

Counter Culture Blog

2018, budget, cars

Niger Delta

November 8, 2017

The Thread: “PMB’s stamina is impressive”, “All these trillions with nothing to show” | TwitterNG reactions to 2018 Budget

Yesterday, President Buhari presented the 2018 budget, dubbed the Budget of Consolidation, to the National Assembly. Here’s the breakdown of a budget: FG’s Proposed 2018 Budget in one chart. #Budget2018 pic.twitter.com/sTRlrgu93z — BudgIT Nigeria (@BudgITng) November 7, 2017 Twitter Nigeria has commented on everything from his impressive health recovery to the loopholes in the budget... Read More

budget, national assembly, nigeria, Saraki, The Thread

October 31, 2017

AfDB withdraws $400m proposed loan to Nigeria, redirects the money instead

The African Development Bank (AfDB) has called off a loan to Nigeria that would have helped fund the country’s budget. It has instead redirected the money to specific projects, a vice president at the lender said yesterday, according to Reuters. The AfDB had been in talks with Nigeria for around a year to release the second,... Read More

African Development Bank (AfDB), Amadou Hott, budget

October 19, 2017

Sen. Bob Corker describes budget resolution as a hoax ahead of late Thursday voting

Controversial senator and fierce Trump critic, Sen. Bob Corker has berated the budgetary process, calling the Senate budget a hoax ahead of a key vote on Thursday after a marathon session of amendment votes known as a vote-a-rama. He equally bragged to dismantle the Senate Budget Committee, The Hill reports. “The only thing about this that matters... Read More

Bob Corker, budget, senate

September 28, 2017

[The Presidential Blog] This is why Nigeria is backing out of 90 organisations

On the heels of what many – including the country’s minister of foreign affairs, Geoffrey Onyeama – have described as a successful outing at the just concluded 72nd UNGA, the Federal Executive Council has just announced a decision to withdraw the nation from 90 out of the 310 international organisations she’s currently subscribed to. Why... Read More

The Presidential Blog

budget, FEC meeting, Geoffrey Onyeama, international organisations, kemi Adeosun, the Presidential Blog, UNGA

September 27, 2017

Here’s what we know for sure about Game of Thrones Season 8

Apart from the already known fact that the final season of HBO series, Game of Thrones will have six feature-length episodes, a new report by Variety has it that season 8 will be breaking the bank. Compared to season 7 that cost $10 million per episode, the coming season will be the most expensive yet... Read More

Thinking Through

budget, Drogon, Game of Thrones, Jon Snow, Lannisters, Season 8

September 1, 2017

Obama’s 2018 expenses will cost American taxpayers $1.1million

Report from Congressional Research Service memo has revealed that Former President Barack Obama will cost America taxpayers an alarming $1,153,000 next year. That amount makes Obama’s expenses an all time highest of the five living ex-presidents, the Washington Times exposed. The budget provision enshrined in the Former Presidents Act, which became law in 1958, furnishes... Read More

barrack Obama, budget, George Bush

August 10, 2017

We will send 2018 budget to N’Assembly by October – FG

Minister of Budget and National Planning, Udo Udoma on Thursday said the Federal Government will ensure that the 2018 Appropriation Bill is submitted to the National Assembly in October. Udoma said this in an interview with State House correspondents during a retreat on the implementation of the Economic Recovery and Growth Plan and the 2018... Read More

2018, budget, FG, national assembly, Udo Udoma

I didn’t budget N9.1bn for new lodge – Emmanuel

Akwa Ibom State governor, Udom Emmanuel has dismissed reports that he is planning to build a new government in Lagos at N9.1bn. Emmanuel clarified the issue in Uyo on Saturday while speaking with journalists. The governor described the reports as a rumour by persons against his administration. He stated that N1.2bn and not N9.1bn was... Read More

Akwa Ibom, budget, N9.1bn, new lodge, Udom Emmanuel

Reps reject NHIS budget over suspension of Executive Secretary

The House of Representatives on Wednesday rejected the 2017 budgetary proposals of the National Health Insurance Scheme over the suspension of the Executive Secretary of the agency, Prof. Yusuf Usman. It also rejected the budget of the National Agency for Food and Drug Administration and Control (NAFDAC). The House had disapproved the suspension of Usman... Read More

budget, Executive Secretary, nhis, reject, Reps, Suspension, Yusuf Usman

Four issues we want to know Adeleke’s opinion on

by Alexander O. Onukwue It may have been the duty of the Osun West people to send Ademola Adeleke to Abuja as the Senator to represent their district, but it is now the Nigerian people that Ademola, on a broad scale, represents. He could continue to receive attacks from the Governor and might even be... Read More

Story of the day

Ademola Adeleke, budget, ibrahim magu, Osun, restructuring, senator

You are not deserving of a reply | Fashola fires back at Goje

The Minister of Power, Work and Housing, Babatunde Fashola has knocked the chairman Senate committee on Appropriations, Danjuma Goje for asking him to quit if the job was overwhelming. In a statement signed on Thursday from Zimbabwe, Fashola said the Senator’s utterances were “unparliamentary and therefore not deserving of a reply.” He added that the... Read More

babatunde Fashola, budget, Danjuma Goje, projects, senate

Resign if the work is overwhelming | Senate tells Fashola

The Senate on Wednesday asked Minister of Power, Works and Housing, Mr. Babatunde Fashola (SAN) to resign his appointment if he was overwhelmed by the volume of work at his ministry. The upper chamber accused Fashola of misleading the public over projects it added to the budget. At the plenary, Chairman of the Senate Committee on... Read More

babatunde Fashola, budget, Resign, senate

Backstory: Between a “deceitful” Fashola, the “ignorant” NASS and a stalled budget

If you have been paying keen attention to local politics, you’d know that there’s an ongoing rancour between the National Assembly and the Ministry of Power, Works and Housing. On 12 June, 2017, Acting President Yemi Osinbajo signed the 2017 budget into law after months of deliberations, drama and needless controversy. Shortly after this belated... Read More

Featured, Thinking Through

budget, Fashola, House of Reps, Namdas, NASS, Power, projects, roads, Sabi Abdullahi, senate

Fashola vs NASS: Supreme Court a bit too far?

by Alexander O. Onukwue Fashola wants to fully get in the ring with the National Assembly by asking the Supreme Court to determine the extent of its powers in altering the Federal Budget. “Being an institutional and not a personal issue, it won’t be out of place to seek a resolution of the conflict at... Read More

Story of the day, Thinking Through

babatunde Fashola, budget, national assembly, senate, Story of the day, supreme court

Fashola vs NASS: The waste of money bit is about right

by Alexander O. Onukwue One of Fashola’s arguments against the change of projects in the budget provisions of the executive is the waste that accrues from the process. The former Lagos Governor who has served as a Federal Minister since August 2015 made the remark while criticizing the National Assembly’s decision to alter parts of... Read More

Story of the day, Thinking Through

babatunde Fashola, budget, national assembly, projects, senate, Story of the day

Fashola vs NASS: Five quips from the Minister that totally shades NASS

by Alexander O. Onukwue He made observations that, as a Federal Minister, he was well entitled to make, and they came for him. In his response, he has taken no prisoners. Babatunde Fashola’s response was long and bruising, fending off the personal attacks against him from the National Assembly. Here are five of the best... Read More

Story of the day, Thinking Through

Babtunde Fashola, budget, national assembly, projects, shade, statement, Story of the day

Mind the gap: How inept are Nigerian lawmakers?

by Alexander O. Onukwue At a time when the United States Senate is being grilled in the media and by the Congressional Budget Office over the numbers involved in replacing the Affordable Care Act (alias Obamacare) with the American HealthCare Act, the Nigerian Senate is facing questions as to the rationale behind replacing mega road... Read More

Story of the day, Thinking Through

babatunde Fashola, budget, inept, lawmakers, projects, senate, Story of the day

Explainer: The fuss between Fashola and the senate

by Alexander O. Onukwue The Minister of Power, Works and Housing, Babatunde Fashola, has been in a war of words with the National Assembly over the recently signed 2017 Budget. In an interview , Fashola argued without any apologies that the Senate had tampered heavily with the budget of its Ministry adding items which he... Read More

Story of the day, Thinking Through

babatunde Fashola, budget, LAgos-Ibadan Expressway, projects, senate, Story of the day

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