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South East govs decry poor state of Enugu airport

South East govs decry poor state of Enugu airport

David Umahi, while addressing newsmen on the outcome of their meeting, requested steps be taken for the
The post South East govs decry poor state of Enugu airport appeared first on – The Sun News. …

Supplementary budget: Saraki, Dogara explain delay

Niyi Odebode, John Alechenu, John Ameh, Olusola Fabiyi, Eniola Akinkuotu and Success Nwogu The Senate President, Bukola Saraki, and the Speaker of the House of Representatives, Yakubu Dogara, on Tuesday gave reasons why the National Assembly could not reconvene. They stated that before resumption, the joint Senate and House of Representatives committees on electoral matters […] …

DMO raises N410bn to finance 2018 budget

The Debt Management Office (DMO) has raised N410 billion from the domestic capital market as public borrowings to fund the 2018 budget. The federal government had indicated that N1.6 trillion would be borrowed to finance about N1.95 trillion deficit contained in the budget.
Continue reading DMO raises N410bn to finance 2018 budget at Vanguard News. …

2018 Budget: Inherent mischief and financial recklessness

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The Deputy Speaker of the House of Representatives, Yusuff Lasun disclosed, last week, that the National Assembly, would interrupt its annual recess and reconvene, sometime, this week, to consider an expenditure proposal for N242bn for conducting 2019 General Elections. It is unclear, why President Mohammed Buhari omitted this item in the appropriation bill, presented to the National Assembly in November 2017.
Continue reading 2018 Budget: Inherent mischief and financial recklessness at Vanguard News. …

Saraki, Dogara, INEC chair meet in Abuja today

• To discuss 2019 election budget, projects virement, non-assent to amended Electoral Act • Osinbajo,
The post Saraki, Dogara, INEC chair meet in Abuja today appeared first on – The Sun News. …

World Bank plans $4.5bn project funding for Nigeria

World Bank plans $4.5bn project funding for Nigeria

The World Bank at the weekend said it was planning to increase its funding to Nigeria by $4.5 billion
The post World Bank plans $4.5bn project funding for Nigeria appeared first on – The Sun News. …

2018 Budget: What’s in it for the capital market?

2018 Budget: What’s in it for the capital market?

Uche Uwaleke Going by rational expectations, the approval of an expansionary budget should excite the capital market because it is assumed to have something for every sector of the economy. The 2018 federal budget which was assented to by President Buhari on  June 20, 2018 qualifies as an expansionary one with a projected aggregate expenditure […] …

2018 Budget: Minister requests more time on FOI request

ABUJA—The Minister of Budget and National Planning, Udo Udoma, has asked for 30 days extension from the Human and Environmental Development Agenda, to furnish it with details of the projects allegedly inserted into the 2018 budget by the National Assembly. HEDA, a non-governmental organisation, had in a Freedom of Information request sent to the MinistryRead More
The post 2018 Budget: Minister requests more time on FOI request appeared first on Vanguard News. …

How N578bn projects were inserted into budget

How N578bn projects were inserted into budget

Ifeanyi Onuba Facts have emerged how the National Assembly altered the 2018 budget with a total of 6,403 projects valued at N578.31bn. An analysis of the budget document from the Budget Office of the Federation showed that 30 ministries, departments and agencies of government were affected by the insertion of capital projects into their budget. […] …

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