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Sunday, July 5, 2020

Nigeria Seeks to Narrow Budget Gap With More Non-Oil Revenue

Nigerian President Muhammadu Buhari is projecting the nation’s budget shortfall will narrow next year as revenue from non-oil sources increases. Buhari asked lawmakers on Tuesday to approve the 2018 budget with a deficit of 2 trillion naira ($5.6 billion), compared to this year’s estimated fiscal...

Edo 2019 budget capital expenditure to gulp N95.8bn, recurrent expenditure gets N79.9bn

Obaseki presents N175.7bn Budget proposal for 2019 to Edo Assembly …infrastructure, education, health, industrialisation, pension, security top priorities The Edo State Governor, Mr. Godwin Obaseki, on Monday presented the 2019 Appropriation Bill with plans to spend a total of N175.7 billion in...

Kwara Assembly passes N156b revised 2018 budget

The Kwara House of Assembly on Wednesday passed N156 billion as the revised 2018 budget for the state as against the N190 billion approved by the House in December 2017. The downward review of the budget was in response to Gov. Abdulfatah Ahmed’s request...

Bayelsa State HoA passes 2017 Appropriation Bill

The Bayelsa State House of Assembly on Friday passed the state’s 2017 Appropriation Bill of N243.2 billion. The Speaker of the House, Mr Konbowei Benson, expressed optimism that the funds would be judiciously used to improve the quality of lives of the people. A breakdown of...

Nigeria’s parliament plan to pass 2019 budget on April 16

The Senate has promised to pass the 2019 budget on April 16. This is just as President Muhammadu Buhari declined his assent to the National Housing Fund Bill and seven others recently passed by the National Assembly. The Senate President, Bukola Saraki, made...

Raucous Nigerian lawmakers bark as president presents 8.83 trln naira 2019 budget

* Budget proposal assumes $60 per barrel oil price * Spending plan assumes 2.3 mbpd oil production * President to seek second term in February poll (Adds quotes, analyst, bullet points) By Paul Carsten and Camillus Eboh ABUJA, Dec 19 - Nigeria’s President Muhammadu Buhari presented an 8.83...

Nigeria begins upgrade of airport facilities to check reduced flight visibility

The Nigerian Airspace Management Agency, NAMA, said airport authorities have commenced upgrading of existing facilities including the deployment of new communication, navigation, surveillance and air traffic management systems. The upgrade is to enhance capacity, safety, efficiency and economy of flight operations, NAMA’s Acting Managing Director,...

Gov. Bello presents 2020 Appropriation Bill of N176.9 billion to Kogi Assembly

Gov. Bello presents 2020 Appropriation Bill of N176.9 billion to Kogi governor presents N174.9 billion budget for 2017 Gov Bello presents N146.7bn Appropriation Bill to Kogi Assembly Abia gov presents N136.6 billion budget estimates for 2020 Katsina Gov. presents N200.7 billion budget to state assembly Governor Yahaya Bello...

2018 budget: Reps bicker; conclude debate on MTEF/FSP

The House of Representatives Wednesday passed the 2018-2020 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) through second reading after a contentious debate. The document was referred to the Committees on Finance, Appropriation, National Planning and Economic Development, Legislative Budget and Research and...

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...
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