Reps criticises FG’s borrowing to finance deficit, agencies hiding revenues
Aug. 19, 2021 The House of Representatives has expressed displeasure over the way some government agencies conceal their revenues, thereby denying the Federal Government the fund for budgeting. The House…
Reconciliation reached regarding States’ repayment of Budget Support Facility as NEC endorses 2022-2024 MTEF, FSP
July 3, 2021 As plans for next year’s budget begins to gather pace, the National Economic Council (NEC) has endorsed the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper…
President Buhari Presents Proposed N13trn budget of economic recovery and resilience, 2021
President Muhammadu Buhari has presented the proposed 2021 Budget of N13 trillion to the lawmakers. Compared to budget presentations done in previous years, the President was only accompanied by Vice…
Stop under-remittance of funds to FG account: Speaker warns Agencies
The Speaker of the House of Representatives, Rep. Femi Gbajabimila, on Thursday said that the parliament would no longer tolerate under remittance of funds by revenue generating agencies to the…
Senate urges Buhari to present 2021 budget before end of September
President of the Senate, Ahmad Lawan has urged the Executive arm of Government to work on the estimates for the 2021 budget to ensure its timely presentation to the National…
NASS commences second reading of 2020 revised budget as Buhari seeks fresh $5.513bn external loan
President Muhammadu Buhari President Muhammadu Buhari has written to the National Assembly to seek a fresh $5.513bn external loan to finance the revised 2020 budget. Buhari’s request was contained in…
COVID-19: Gbajabiamila urges FG to give 100% waiver on electricity consumption
The Speaker of the House of Representative, Mr Femi Gbajabiamila has asked the Federal Government to waive electricity tariffs for two months. Speaking during a meeting between the leadership of…
2020 budget: Works, Power get highest allocation
The Ministry of Works and Housing on Tuesday got the highest projected allocation of N262 billion from the N10. 33 trillion budget estimates. This was contained in the proposal as…
Senate inaugurates 69 standing committees, as Buhari submits MTEF, FSP
President Muhammadu Buhari has submitted the Medium Term Expenditure Frame work(MTEF) and the Fiscal Strategy Paper (FSP), for consideration of the Senate. President Buhari forwarded the MTEF and FSP in…
MTEF: FG Projects 2.3m bpd Oil Production At $60pb Oil Benchmark
The Federal Government says its key assumptions and micro-framework of the 2019 budget will be based on a projection of 2.3mbpd oil production, oil price benchmark of 60 dollars per…