Tag Archives: 2018 Budget

Joint Committee on Land Transport, on Thursday, faulted the Minister of Transportation, Rotimi Amaechi, over non-utilisation of N48 billion released to the Ministry of Transportation in 2017 budget. The Chairman, House Committee on Land Transport, Aminu Sani, said this, during the 2018 Budget Defence of the ministry before the Joint Committee on Land Transport, in Abuja. He said that N68 ...

Ben Akabueze is the Director General, Budget Office of The Federation. The First Class Accountng graduate of the University of Lagos turned Budget expert, has had wide inputs in Nigeria’s Budgets since joining President Muhammadu Buhari Administration in June, 2016. The man whose analysis on financial issues, cannot be taken for granted, speaks on what to expect from the 2018 ...

The Nigerian government has appealed to the National Assembly to expedite the passage of the 2018 budget for the delivery of dividends of democracy to Nigerians. The Secretary to the Government of the Federation, Boss Mustapha, made the appeal when he appeared before the Senate Committee on Federal Character and Inter-Governmental Affairs, chaired by Tijjani Yahaya Kaura for budget defence. ...

For the first time, in the fifty-year history of Lagos state, its government has budgeted a little over N1trillion for its re-current and current activities in 2018. It’s a budget with a 65-35 percent ratio for recurrent and current projects, respectively. As ambitious as it is, it’s a budget, in which an aggressive drive for internally generated revenue (IGR) would ...

The Akwa Ibom Government says its 2018 budget has not been not “over bloated’’ as being speculated by Policy Alert, an nongovernmental organisation (NGO). based in Uyo. The state’s Commissioner for Finance, Linus Nkan, made this known, in Uyo, on Wednesday. According to the commissioner, the accusation was baseless and without facts. Nkan said the proposals for it were anchored ...

Some financial experts, on Tuesday, said that sustenance of good performance of the stock market in 2018 would depend on quick implementation of 2018 budget. They said in Lagos that the market performance in 2018 would depend mainly on budget passage and implementation. The Head of Banking and Finance Department, Nasarawa State University, Keffi, Uche Uwaleke, said that the performance ...

The 2018 Budget debate is truly becoming a debate. The Senator representing Abia South, Enyinnaya Abaribe, caused the stir by saying the 2018 Budget is “totally fictitious”. Abaribe said this at the commencement of the debate on Budget at the upper legislative chamber on Tuesday. The Senator said the proposed N8.6 trillion Appropriation Bill could not be described as a ...

The Senate Joint Committee on Finance, Appropriations and National Planning has insisted that the non-oil revenue were unrealistic. The lawmakers specifically cited the FGN Independent Revenue projection of N807billion for 2017, where only N155.14billion (representing 74 per cent failure) was achieved as of September this year. The Chairman, Senate Committee on Finance,  John Enoh and a member of the Joint ...

The Minister of Finance, Kemi Adeosun has stated that 14 million of working class Nigerians pay tax out of 69 million. The Minister, who stated this during “Overview of 2018 Budget Proposal” on Tuesday in Abuja, said the nation needed to re-invent the culture of tax payment. She said the era when people paid tax only when it was convenient ...

The Minister of Budget and National Planning, Udoma Udo Udoma, says recurrent releases to Federal Ministries, Departments and Agencies (MDAs) under the 2017 Budget had reached N4.24 trillion. Udoma, who disclosed this on Wednesday in Abuja while giving an overview of the 2018 Budget Proposal tagged “Budget of Consolidation” gave a breakdown on recurrent and capital releases to MDAs from January ...