THE Commandant of the Nigeria Defence Academy ( NDA), Major -General Adeniyi Oyebade, yesterday told the Senate that the military training school was suffering shortfalls of well over N1.3billion in budgetary releases by the Ministry of Finance.
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budget
NDA laments N1.3b shortfall in 2018 budget
Commandant of the Nigeria Defence Academy ( NDA), Major -General Adeniyi Oyebade on Thursday in Abuja lamented the over N1.3billion shortfalls suffered by the Academy in budgetary releases by the Ministry of Finance. Oyebade who made the disclosure while appearing before the Senate Committee on Defence to present the performance of the 2018 budget, said that the shortfalls had handicapped the Military […]
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Akwa Ibom Governor Signs N672bn Budget Into Law
The Akwa Ibom State Governor, Udom Emmanuel, has signed the 2019 Appropriation Bill of N672.984 billion into law. Governor Emmanuel signed the budget on Wednesday during a brief ceremony held at the executive chamber of Government House in Uyo, the state capital. The signing followed the presentation of the approved bill by members of … Continue reading Akwa Ibom Governor Signs N672bn Budget Into Law …
Minimum wage: FG in dilemma over inadequate budgetary allocation
Will the budget become hostage to hostile politics?
The report went on to disclose that Nigeria, which produced 1.792 million barrels per day in January, went down to 1.685 million in February in compliance with the agreement by members of the Organisation of Petroleum Exporting Countries, OPEC to reduce supply and raise crude prices. Unfortunately, OPEC and Nigeria are caught in a no-win situation. Each time they reduce production to push crude prices up, they make it more profitable for American shale oil producers to increase their own supply and grab more of the global market share. Already, the Us has overtaken Nigeria as a supplier of crude to the United Kingdom. Our cutback will certainly open more of that market to the Yankees.
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How budget delay is affecting economy
With the hope of the passage of the national budget still uncertain, stakeholders worry this may have a rippled negative effect on the economy, reports Ibrahim Apekhade Yusuf and Medinat Kanabe No doubt there has been a long wait for the passage of the national budget. But for how much longer the wait would be […] …
CIBN laments impact of budget delays on national productivity
THE Chartered Institute of Nigeria (CIBN) has lamented the negative impact of budget delays on national productivity calling on the Federal Government and the National Assembly to close ranks and release the budget on time.
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