The 316 duplicated projects in 2021 budget
The reported incidence of duplicated projects in the 2021 federal budget calls to question the competence of the National Assembly in playing their constitutional role of ensuring that public funds are judiciously appropriated.
2021 budget contains 316 duplicated projects worth N39.5b, says BudgIT
A public finance transparency advocacy firm, BudgIT, yesterday, said the 2021 national budget had been found to contain more than 316 duplicated capital projects worth N39.5 billion.
Buhari to offload refineries, Tafawa Balewa Square, Trade fair complex others to fund 2021 budget
President Muhammadu Buhari administration is seeking the National Assembly approval for the sale of national assets largely to finance the N13.58 trillion 2021 budget, PremiumTimes reported. At least 36 of Nigeria's tax-payers properties were listed in the executive document titled “NCP Approved 2021 Work Plan.” The document shows the names of the “projects” (as described…
Misguided proposal to sell public assets
The desire of the Federal Government to support the financing of the 2021 budget through sale of public assets is a questionable policy with potential of endangering the stability of the economy.
Senate charges AGF to probe alleged fraud in SWV expenditure
The Senate, yesterday, charged the acting Auditor General of the Federation (AGF), Aghughu Adolphus, to commence an investigation into allegations of fraud in the application of Service Wide Vote
Lagos targets N60b monthly IGR to finance N1.16tr 2021 budget
The Lagos State Government has disclosed that it was targeting an average of N60b monthly Internally Generated Revenue (IGR) to fund the N1.16tr 2021 budget.
Buhari signs 2021 Budget
President Muhammadu Buhari has signed the 2021 Appropriation Act. Buhari officially signed the document at a ceremony held in the Presidential Villa, Abuja. The National Assembly had on December 21, 2020, passed the 2021 Appropriation Bill with an aggregate expenditure of N13, 588, 027,886, 175 trillion. It comprises total Capital Supplementation of N1,060,751,051,650 and total…
Fayemi signs Ekiti’s N109b 2021 budget into law
Governor Kayode Fayemi, yesterday, signed Ekiti’s 2021 Appropriation Bill of N109 billion into law with a pledge to ensure timely completion of ongoing projects and rejuvenation of the state’s economy.
Oyo government clarifies downward review of 2021 budget
The Oyo State Government, yesterday, explained that the downward review of the N273.7b budget earlier approved by the House of Assembly to N268.8b became imperative due to the need to achieve its fiscal sustainability.