According to the Medium Term Expenditure Framework and Fiscal Strategy Paper (2016-2018) sent by the president to the National Assembly, the Federal Government has spent N3.42tn out of the total N4.493tn spending approved in the 2015 budget in nine months. The spending of the government in the last nine months have largely been on recurrent expenditures while... Read More

Buhari, economy, Federal Government, Finance, fiscal, Ministry of Finance, money, naira, Oil, revenue

August 14, 2013

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Opinion: Constitution review and the challenge of nation-building – The path not taken

by Taye Gaskia If the reason for demand for new states is genuinely about development and improving the lives of citizens; and not about creating a treasury pool that can be more easily accessed and looted by the elites; why are these demands being made without a concurrent demand for altering the revenue allocation formula?... Read More

Allocation, Constitution amendment, Federalism, fiscal, Local Government Autonomy, national assembly, new states, nigeria, Taye Gaskia

August 5, 2013

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Opinion: When budget allocation meets fiscal discipline in Kano

by Abubakar Bello It’s imperative to note that the perception of budget process, implementation and evaluation in line with due process, probity and transparency and accountability philosophy of the government of governor Kwankwaso is so glaring for all to see and assess. Budget allocation is naturally about what the leadership at the center appropriated for... Read More

Abubakar Bello, amenities, budget, discipline, fiscal, Kano State, performance, Rabiu Kwankwanso, Transparency International

August 5, 2013

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Opinion: Naira – Redesign, redenomination or revaluation?

by Les Leba The advantages of redenomination may however, be short-lived, if the abiding economic instigators of inflation are not adequately tackled. In a recent interactive section with the House of Representatives Committee on Banking and Currency, the Governor of the Central Bank, Lamido Sanusi, noted that if the plan to redesign naira... Read More

cedi, central bank, dollar, economy, fiscal, kobo, Les Leba, naira, nigeria, opinion, redenomination, redesign, Sanusi Lamido Snusi, save, weak, ynaija

March 18, 2013

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Feyi Fawehinmi: Fiscal policy consequences of ‘Ogas at the Top’

by Feyi Fawehinmi Here we were in a crisis and the Finance Minister, after looking through the books, decided that all she could muster was no more than 1% a year in nominal cuts to the recurrent expenditure. Cast your mind back to September 2011. Ngozi Okonjo-Iweala was just settling in to her second stint... Read More

Feyi Fawehinmi, fiscal, oga at the top, policy

March 13, 2013

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Ife Adebayo: Nigeria – The urgent need for fiscal federalism (Y! Politico)

Ife Adebayo State Governors can sit, fold their arms and wait for the next bottle of milk from the federal government to pay salaries and fix roads. If these states are being made to fend for themselves they will have to pick up their thinking caps and find ways to employ their youth and develop... Read More

Federalism, fiscal, Ife Adebayo, nigeria, politico