by Kolapo Olapoju Yesterday, the Plateau State Government sent a supplementary budget of N23.4bn to the state House of Assembly for consideration and approval. According to the estimates of the proposed budget, N442,289,600.00 was earmarked for the supply and fixing of curtains, blinds, customised cutleries and other items for the new Government House. The contract... Read More

budget, curtains, House of Assembly, Olivia Dazem, plateau state, plates, spoons, supplementary budget

January 15, 2013

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No more: Banks suspend loans to oil marketers

Ebere Agina Despite the accelerated payment of outstanding subsidy claims to oil marketing and trading companies, to enable them offset their indebtedness to the banks and access fresh credit facilities to fund fuel importation, the banks are yet to resume lending to many of the importers. After the delay in the payment of the 2012... Read More

Aigboje Aig-Imoukhuede, bank loans, Bright Okogwu, fuel subsidy, oil marketers, supplementary budget

January 9, 2013

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Why fuel subsidy account is empty – Okonjo-Iweala

The Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Tuesday confirmed The PUNCH’s story that the Federal Government’s subsidy account with the Central Bank of Nigeria was empty, blaming the situation on technical hitches in the documentation with the CBN. Okonjo-Iweala, while briefing journalists in Abuja, said the transfer of funds meant for fuel subsidy payments... Read More

CBN, DMO, Excess Crude Oil, finance ministry, ngozi okonjo iweala, supplementary budget

January 8, 2013

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Fuel subsidy: Major fuel crisis imminent as FG’s ‘cheques bounce’ at CBN

by Isi Esene Another storm might be brewing with regards fuel subsidy payment to oil marketers as most of them were reportedly turned back while making attempts to claim funds after importing fuel products into the country. It appears that three weeks after the National Assembly approved a N161.6bn supplementary budget for payment of fuel... Read More

CBN, central bank of Nigeria, fuel subsidy, Goodluck Jonathan, national assembly, ngozi okonjo iweala, Paul Nwabuikwu, supplementary budget, Ugochukwu Okoroafor

December 14, 2012

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Too much money: Senate approves extra N161.6 billion for oil subsidy

The Senate on Thursday, passed the supplementary appropriation bill of N161.6 billion. The amount will serve as payment for fuel subsidy to oil marketers for 2012. President Goodluck Jonathan had on Tuesday sent a request to the National Assembly to approve an additional N161.6 billion to ensure steady supply of petroleum products during the festive... Read More

Oil subsidy, senate, supplementary budget

December 12, 2012

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Thanks for the N881bn, we need an extra N161bn – GEJ writes N’Assembly

Barely 24 days to the end of the year, President Goodluck Jonathan is requesting a fresh N161.1bn to pay outstanding and future subsidy claims for the rest of 2012. The President said his government’s provision for subsidy payment in the year was underestimated. Jonathan’s request was contained in a 2012 Supplementary Appropriation Bill he sent... Read More

supplementary budget

September 19, 2012

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More, please: Fashola requests N30bn supplementary budget

by Stanley Azuakola The Lagos State Governor Babatunde Fashola wants more money. Even though the state House of Assembly had approved over N430 billion in the year 2012 budget which was signed into law, the governor wants an amendment to the Year 2012 Budget Appropriation, to allow the government access extra N30billion. Fashola sent a supplementary budget,... Read More

babatunde Fashola, Ben Akabueze, lagos, supplementary budget

N442 million for plates, spoons and curtains! This is what Plateau’s budget looks like

No more: Banks suspend loans to oil marketers

Why fuel subsidy account is empty – Okonjo-Iweala

Fuel subsidy: Major fuel crisis imminent as FG’s ‘cheques bounce’ at CBN

Too much money: Senate approves extra N161.6 billion for oil subsidy

Thanks for the N881bn, we need an extra N161bn – GEJ writes N’Assembly

More, please: Fashola requests N30bn supplementary budget

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