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…

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...

“We cannot continue with this kind of nonsense. How can this be going on in a government of change? The report of the committee on interior would not be approved until they resolve the issues raised,” he said.

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.

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.  

“Government is putting more effort to address the issue of dry season farming because when the budget is passed on time, it will enable it provide funds for farmers promptly,’’ he said.

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 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.

He said HYPREP and the United Nations Environment Programme (UNEP) have drawn up a road map for the holistic remediation of the environment, which is expected to gulp $200 million this year.

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.

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.

Governor Oluwarotimi Akeredolu (SAN), had initially sent N169,720,580 billion but was jerked up to N170,846,580 naira with an increment of one billion, one hundred and twenty six thousand naira.