Category Archives: Budget

Why 2018 budget may exceed N10 trillion, by Saraki

Senate President Bukola Saraki yesterday declared that the inability of the Federal Government to implement over 50 per cent of the N7.4 trillion budget for 2017 would jerk the 2018 spending proposals to over N10 trillion. Full story

Source: http://guardian.ng/news/why-2018-budget-may-exceed-n10-trillion-by-saraki/?utm_source=Guardian+Newsletter&utm_campaign=2598fcdcde-Newsletter&utm_medium=email&utm_term=0_b799d7d8ad-2598fcdcde-99238021

Posted by Hussaini Ali October 6, 2017

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UPDATE 1-Nigeria asks Senate to amend law for govt to settle 2.7 trillion naira debt

Nigeria’s government has asked parliament to amend its spending law to enable a debt program to settle 2.7 trillion naira ($8.6 bln) worth of obligations including pensions and salary arrears, according to a letter from Vice President Yemi Osinbajo. Full story

Source: http://www.kitco.com/news/2017-09-26/UPDATE-1-Nigeria-asks-Senate-to-amend-law-for-govt-to-settle-2-7-trillion-naira-debt.html

Posted by Hussaini Ali September 27, 2017

As Budget 2017 Is Signed Into Law

Three weeks after the 2017 budget was sent to the Presidency by the National Assembly, Acting President Yemi Osinbajo signed it into law on Monday last week. Present at the ceremony were Senate President Bukola Saraki and Speaker of the House of Representatives Yakubu Dogara who represented the National Assembly. Also present were other top officials of the government including ministers. Full story

Source: http://www.allafrica.com

Posted by Amaka, 22 June 2017

Nigeria: As Budget 2017 Is Signed Into Law

Three weeks after the 2017 budget was sent to the Presidency by the National Assembly, Acting President Yemi Osinbajo signed it into law on Monday last week. Present at the ceremony were Senate President Bukola Saraki and Speaker of the House of Representatives Yakubu Dogara who represented the National Assembly. Also present were other top officials of the government including ministers. The N7.44 trillion budget which was passed by the National Assembly represents an increase on the N7.28 trillion package that was presented by President Muhamadu Buhari to the legislature on Wednesday December 14th 2016. Full story

Source: http://allafrica.com/stories/201706200978.html

Posted by Hussaini Ali June 21, 2017

Senate receives 2017 budget report

National Assembly may pass N7.441 trillion Appropriation Bill tomorrow. The Senate yesterday said it would begin clause-by-clause consideration of the 2017 Appropriation Bill and may pass it tomorrow. Full story

Source: http://guardian.ng/news/senate-receives-2017-budget-report/?utm_source=Guardian+Newsletter&utm_campaign=7fc3bbd07e-Newsletter&utm_medium=email&utm_term=0_b799d7d8ad-7fc3bbd07e-99238021

Posted by Hussaini Ali May 10, 2017

2017 Budget will not be padded with rouge projects – Buhari vows

President Muhammadu Buhari has vowed that the distortions that happened to the 2016 Budget, in which series of rogue projects and figures were injected into the financial document won’t happen to next year’s budget. Full story

Source: http://dailypost.ng/2016/11/25/2017-budget-will-not-padded-rouge-projects-buhari-vows/?utm_source=DailyPost+Newsletter&utm_campaign=a82317f3fe-Morning_headlines&utm_medium=email&utm_term=0_7c25dc3ce6-a82317f3fe-227653609

Posted by Hussaini Ali November 26, 2016