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El-Rufai Signs 2019 Budget into Law

Kaduna State governor, Mallam Nasir el-Rufai has signed the 2019 budget of the state into law. The approved budget size is N157.449bn, with the capital component of N94.47bn, while recurrent expenditure is N62.97bn and a 60:40 capital to recurrent ratio. Tagged: “Budget of continuity” the governor...

Breakdown of Nigeria’s Budget 2018 Presented by Minister of Budget and National Planning

Introduction The Nigerian economy lapsed into recession in Q2 2016 precipitated by sharply lower oil prices, and without sufficient fiscal buffers following years of inappropriate policies, fiscal leakages and inefficient spending. This necessitated a number of economic and institutional reforms as well as the implementation of...

Lagos 2019 budget already in the house – Commissioner

Lagos State Commissioner for Budget and Economic Planning, Mr. Olusegun Banjo on Wednesday said that the 2019 Budget was already before the State House of Assembly and had intended to be read before the house on December 24, 2018. In a statement he signed, Banjo...

Coronavirus: Niger govt slash 2020 budget by 36%

Amidst the Coronavirus (COVID 19) pandemic, Niger State Executive Council seeks to downsize the 2020 approved budget by 36 per cent. The State Commissioner for Budget and Planning Commission, Alhaji Mamman Musa disclosed this during post exco media briefing held at the Government House, Minna. Alhaji Musa said that...

UPDATED: Nigeria’s Senate passes 2018-2020 budget framework, raises oil price estimate

ABUJA - Nigeria’s Senate passed its medium-term expenditure framework for 2018-2020 on Tuesday, raising its oil price assumption to $47 from $45 per barrel. The document, which the government agreed upon in August before sending it to lawmakers for approval, is the framework used to...

JUST IN: Nigeria’s National Assembly passes 2017 budget of N7.44 billion

The National Assembly has passed the 2017 Appropriations Bill, raising the budget from N7.28 billion earlier proposed by President Muhammadu Buhari in December last year, to N7.44 trillion. The Appropriations Committees of the Senate and the House of Representatives separately presented their harmonised reports of...

Nigerian parliament sign off record $24.4 billion budget to escape recession

ABUJA May 11 - Nigeria's parliament signed off on a record 7.44 trillion naira ($24.4 billion) budget for 2017 on Thursday, aiming to drag Africa's biggest economy out of its first downturn in quarter of a century, lawmakers said. The oil producer is in...

N25bn Employment Trust Fun: Lagos targets 900,000 jobs by 2019

…Distributes Offer Letters To Beneficiaries Of Pilot Scheme The Lagos State Government through the Lagos State Employment Trust Fund (LSETF) on Friday distributed offer letters to some of the beneficiaries of the pilot scheme of the N25 billion Employment Trust Fund (ETF), with a pledge...

Nigeria’s President Buhari to sign 2018 budget today

Barring last minute change of official schedule, President Muhammadu Buhari will sign the 2018 Appropriation Bill tomorrow, Naija247news has learnt. According to statement from the presidency spokesman Femi Adesina last week to newsmen in Abuja Lawmakers in Africa’s most-populous nation last month sent spending plans for...

Sanwo-Olu signs N873 billion Lagos 2019 budget into law

...Promises Speedy Implementation Lagos State governor, Mr Babajide Sanwo-Olu on Monday signed into law the 2019 Appropriation Bill. The bill with a total budget of N873,532,460,725 is a 55% capital expenditure and 45% recurrent expenditure. Out of the amount, a sum of N393,841,387 is allocated for...
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