MTEF
11 Dec
By making many assumptions in its first draft 2025-2027 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), the current administration may inadvertently worsen the struggling economy and accelerate a descent into the fiscal abyss.
10 Dec
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has seen positive indicators that the economy will turn around positively next year.
20 Nov
An expansionary budget as contemplated by the proposed 2025 – 2027 Medium-Term Expenditure Framework (MTEF) would increase liquidity, a possibility that could increase pressure on prices and naira, the Nigerian Economic Society (NES) has warned.
20 Nov
The key parameters and assumptions of the 2025-27 Medium-Term Expenditure Framework (MTEF) are overly optimistic considering the prevailing economic and social indicators, the Director-General of Lagos Chamber of Commerce and Industry (LCCI), Dr Chinyere Almona, has said.
12 Nov
The Centre for Social Justice (CSJ) has called on the Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, to explain why his ministry has yet to submit the medium-term expenditure framework (MTEF) 2025-2027.
11 Nov
The Centre for Social Justice (CSJ), a Nigerian knowledge institution, has called on the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, to provide an explanation as to why his ministry has yet to submit the Medium-Term Expenditure Framework (MTEF) for 2025-2027. Section 11(2) of the Fiscal Responsibility Act (FRA) mandates the Federal…
11 Nov
The failure of the executive arm of government to submit the 2025 to 2027 Medium-Term Expenditure Framework (MTEF) to the National Assembly may significantly affect the country’s fiscal plan for 2025.
21 Oct
The House of Representatives has asked the Federal Government to urgently transmit the Medium Term Expenditure Framework (MTEF). The resolution followed the adoption of a motion of Urgent Public Importance on “Ensuring long-term macroeconomic stability of the national economy,” moved by Mr. Clement Jimbo. Leading the debate on the motion, Mr. Jimbo said that if…
31 May 2024
The Fiscal Responsibility Commission (FRC) generated N1.7 trillion in revenue for the government in 2023 as against N1.4 trillion raised in 2022.
28 Jan 2024
The Fiscal Responsibility Commission has begun the 2023 physical verification of selected Federal Government capital projects across the six geo-political zones of the country.
Latest
2 mins ago
Nasarawa Local Government Area (LGA) chairman in Kano State, Yusuf Imam, has appointed 60 political aides to serve in various capacities in the council. Imam, popularly called 'Ogan Boye,' elected in November 2024, said the appointment of the new aides is strategically intended to promote development and strengthen good governance in the council area.…
6 mins ago
A new twist has been added to the lingering controversy in the Ohanaeze Ndigbo as an Enugu High Court on Tuesday restrained some chieftains of the organisation from interfering with or obstructing the January 10 national election of the apex Igbo socio-cultural organisation. The court had issued an interlocutory injunction restraining a self-acclaimed factional chairman…
9 mins ago
By The World Health Organization (WHO) has clarified that the rising circulation of respiratory viruses, particularly human metapneumovirus, in China aligns with typical winter patterns, with no emergency declarations amid growing attention to the matter. The UN body said that the common respiratory virus called human metapneumovirus, or HMPV, has been spreading in some countries…
9 mins ago
Lagos State government has revealed that 528 organisations, including religious centres, were shut in 2024 for noise pollution in the state. The General Manager of the Lagos Environmental Protection Agency (LASEPA), Dr Babatunde Ajayi, revealed this on Tuesday during a briefing on the activities of his agency in 2024 and the plans for 2025. …
12 mins ago
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) have charged former Governor Nasir El Rufai’s ex-chief of Staff, Muhammad Bashir Saidu, to the Federal High Court in Kaduna for allegedly looting the government treasury.Saidu, who was also a one-time Commissioner of Finance in Kaduna State under the El Rufai administration, was charged along…
19 mins ago
One of the opposition parties in the country, the Labour Party (LP) Ebonyi, on Tuesday, encouraged Governor Francis Nwifuru of Ebonyi State to invest more in agriculture and the building of industries, noting that if properly utilized, these sectors could tackle the economic hardship facing the state. The Secretary of the Ebonyi State chapter of…
24 mins ago
The Nigeria Customs Service (NCS), on Tuesday, revealed that it received 573,519 applications for the 2024/2025 recruitment exercise, barely a week after the portal was opened. This development follows the recent announcement by the Minister of Finance, Mr Olawale Edun, that the recruitment of 3,927 officers had been approved for the NCS. In an update,…
34 mins ago
The Niger Delta Development Commission (NDDC) has urged stakeholders in the Niger Delta region to shun politics, unite, and support the Commission in developing the Niger Delta communities. The NDDC Executive Director of Finance and Administration, Boma Iyaye, made the appeal when he spoke at a stakeholders' Interactive Forum on the Borokiri-Okrika Bridge Project in…
40 mins ago
The Centre for Reform and Public Advocacy has kicked against the moves by the Federal Capital Territory Internal Revenue Service (FCT-IRS) to collect all revenues on behalf of the six Area Councils of the FCT in 2025. The group, in a statement, maintained that the move to collect taxes on behalf of the Area Councils…
59 mins ago
Nigerians are still lamenting the high cost of food commodities 180 days after the Minister of Agriculture and Food Security, Senator Abubakar Kyari, promised a crash in prices. Kyari made the promise in a post he shared on X on July 10, 2024, where he unveiled measures that would bring down food prices in the…