MTEF
11 hours ago
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.
13 hours ago
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
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
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.
28 Nov 2023
The Federal Executive Council (FEC), yesterday, approved a total expenditure of N27.5 trillion for next year, endorsing the continuation of spurious appropriation benchmarks and unambitious public spending.
28 Nov 2023
Director-General, the Lagos Chamber of Commerce and Industry (LCCI), Dr Chinyere Almona, has noted inconsistencies between the federal government's vision of achieving a $1 trillion economy in the next six years and the 2024 – 2026 Medium-Term Expenditure Framework (MTEF).
Latest
2 mins ago
The Apapa Port Command of Nigeria Customs Service (NCS) said it had collected N2.01 trillion revenue as at November 19, 2024. The Customs Area Comptroller (CAC) of the command, Comptroller Babatunde Olomu, made the disclosure while addressing officers and men on a parade on Wednesday in Lagos. Olomu said the command aimed at achieving its…
7 mins ago
A group of Concerned Civil Societies in Osun State has called on the Inspector General of Police, Kayode Egbetokun, to direct the removal of the Officer-in-Charge of the Anti-Kidnapping Unit of the Osun State Police Command, SP Moses Lohor, within seven days or face mass protests. The CSOs also asked Egbetokun to immediately direct an…
11 mins ago
The Nigerian Bar Association (NBA) has called for an end to extortion at checkpoints and other wrong practices by law enforcement officials. The NBA made the call in reaction to an incident on November 11, 2024, in Utu Etim Ekpo, Akwa Ibom State, where a flour-loaded truck pursued by soldiers lost control and crashed into…
18 mins ago
The Federal Government has said that Nigeria has made giant strides in the promotion of the rights of children across the country and in ensuring their good fare through the domestication and adoption of the Child Rights Act, (CRA) and the Violence Against Persons Prohibition Act, (VAPPA). Minister of Women Affairs, Hajiya Imaan stated this…
19 mins ago
No fewer than 209 people were confirmed dead in the October 14 Majiya tanker fire incident. The figure was announced by the Chairman of the Investigation Committee on the tanker fire incident in Majiya, Jigawa State, DIG Hafizu Muhammad Inuwa (retd), who presented its findings to Governor Umar Namadi. The committee, which comprises government officials,…
22 mins ago
Labour Party (LP) on Wednesday vowed to continue its push for the Presidency, saying it would not relent in strengthening unity and collaboration in the party to drive the required change in the country. The party further said it would not stop until it leveraged the powers available in Aso Rock through a Labour Party…
23 mins ago
The Federal University Gusau has waded into the controversy surrounding the academic qualifications of the newly-appointed Vice Chancellor of Nnamdi Azikiwe University (UniZik), Awka, Anambra State, Prof. Benard Odoh, as the issue assumed political and ethnic dimensions. The intervention of the Federal University Gusau has put to rest the insinuations, particularly from the Academic Staff…
24 mins ago
Former President Muhammadu Buhari will be in Ilorin, Kwara State, on Thursday for an event heralding the 80th birthday anniversary of his former Chief of Staff, Prof. Ibrahim Agboola Gambari, on Sunday. Also expected alongside former President Buhari is the influential northern business mogul, Alhaji Muhammadu Idimi, as the chief launcher. The former national president…
28 mins ago
The Akwa Ibom State Executive Council has approved a draft budget estimate of N955 billion for the 2025 fiscal year. A breakdown of the estimate shows that while N300,000 billion is for recurrent expenditure, N655 billion is for capital projects. In a meeting presided over by Governor Umo Eno, the recurrent expenditure represented a 14…
40 mins ago
The Delta Commissioner for Works (Rural and Riverine Roads), Mr. Charles Aniagwu, said the state proposed N50 billion in its 2025 budget estimates to enhance road infrastructure in the 25 Local Government Areas of the state. Aniagwu said this during a budget defense meeting with the Assembly Committee on Works and Special Projects on Wednesday…