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National Assembly Passes 2019 Appropriation Bill, Raises Proposed Budget by N86 billion…

In the just concluded week, the National Assembly finally passed the 2019 Appropriation Bill after it raised the proposed budget by N86 billion. According to the Chairman Senate Committee on Appropriation, Danjuma Goje, the 2019 proposed budget was increased to N8.92 trillion from N8.83...

Lagos to spend N115bln on public infrastructure as Sanwo-Olu signs N1.168trn 2020 buget into law

...Promises Transparency, Over 90 Per Cent Implementation Performance Lagos State Governor, Mr. Babajide Sanwo-Olu, has signed the State’s N1.168 Trillion 2020 Budget into law. The Governor assented to the Appropriation Bill at a short ceremony held in Alausa on Tuesday, pledging that the State would be...

Ogun assembly passes 2020 budget

The Ogun State House of Assembly on Friday approved the state’s 2020 budget proposal of N449.9 billion largely retaining the budget presented by the executive. It, however, effected a slight increment of N2.1 billion for capital projects. While the capital component was increased from N269.1 billion...

Education, infrastructure top Osun’s N152.7b budget

The Osun State governor, Mr. Adegboyega Isiaka Oyetola, on Thursday presented N152, 756, 088, 830.00 budget for 2019 fiscal year. In the budget titled “Budget of Hope” N15,870,175,600.00 10.39 was allocated to recurrent while capital expenditure received N91,957,496,420.00 65.43. At the...

N1.6trn valued key expenditure items omitted from N10.594 trillion 2020 Budget

A total of N1.635 trillion key expenditure items captured in the 2020-2022 Medium Term Expenditure Framework (MTEF) are missing in the N10.594 trillion 2020 Budget recently passed by the National Assembly and assented to by President Muhammadu Buhari. The MTEF is an annual rolling...

Buhari, Osinbajo to waste N1.4 billion on food, travels in 2019

The Nigerian government has proposed to spend over N1.4 billion on food and travels for President Muhammadu Buhari and Vice President Yemi Osinbajo in 2019, details of the 2019 budget obtained from the Budget Office have shown. Of the figure (put at N1.461 billion), over...

Lagos 2019 budget presentation suffers setback over lawmakers’ quorum politicking

LAGOS—THE possible early presentation and passage of the 2019 Appropriation Bill for Lagos State, Monday, suffered another setback as the state House of Assembly failed to form the statutory quorum for proceeding on matters upon its resumption from recess. This was as the state...

Fayemi presents N129.9b Budget of Restoration

Ekiti State Governor, Dr. Kayode Fayemi yesterday presented an appropriation bill of over N129,924,472,135.01 for the 2019 fiscal year to the state house of assembly. The proposal comprises a recurrent expaenditure of N72,580,376.29 or 56.0 per cent and capital expenditure of N57,214,891.72 or 44.0 per...

Akwa Ibom, Rivers receive highest as FAAC disbursement increased 25% in 2017

The Nigeria Extractive Industries Transparency Initiative, NEITI, on Tuesday in Abuja said the Federation Account Allocation Committee (FAAC) disbursements increased by 25 per cent in 2017. The NEITI Director of Communications and Advocacy, Orji Orji, said this in a statement. Mr. Orji said FAAC disbursed a...

Nigeria seeks strategies to reduce cost of governance by N300bn

The Federal Government is planning to implement a bouquet of strategies that will enable it to achieve a reduction in recurrent expenditure by N300bn annually. The strategies prepared by the Ministry of Budget and National Planning would further reduce personnel costs by eliminating unjustified entries...
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