Nigeria's recurrent expenditure releases for 2017 hits N4.24trn - Udoma
Nigeria's minister of Budget and National Planning Senator Udoma Udo Udoma said recurrent releases to Federal Ministries, Departments and Agencies (MDAs) under the 2017 budget had reached N4.24 trillion. Udoma said this on Wednesday in Abuja while giving an overview of the 2018 Budget Proposal tagged “Budget of Consolidation”. He gave a breakdown on recurrent…
Procedural lapses threaten 2018 budget
The implementation of the capital votes of the 2017 fiscal plan, which came into force following the late passage of the Appropriation Act by the National Assembly in May...
Senate grills Adeosun, Udoma over breach in budget implementation
Udo Udoma linked the poor implementation of the budget to the delay by the Senate in approving the Federal Government’s plan to borrow some money to fund the 2017 budget.
Reps seek quick delivery in budget legislation, others
Furthermore, an early passage of the budget would fast track the implementation of the Economic Recovery Growth Plan (ERGP) initiated by the President Muhammadu Buhari administration.
‘Corporate leaders’ attitude can aid backward integration’
Akeredolu disclosed that Nigeria has been disadvantaged in the global free market, because of its failure to develop its human capacity and indigenous technology, and must begin to look backward to develop...
Fashola apologises over 2017 Budget comments
Fashola said he had referred to the spokesperson of the House, Abdulrazak Namdas, in describing the members as possessing “stark and worrisome knowledge of the budget process,” and not the entire House.
Volatile oil market will impact Nigeria's budget, Kachikwu says
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says the 2017 budget implementation will be affected by growing uncertainties in the global oil market.
Still on the budget powers controversy
Chairman of the Appropriation Committee in the House of Representatives, Abdulmumin Jibrin (APC, Kano), was sacked by the leadership of the House because of his involvement and outcry over padding of the 2016 budget.