The federal government has given a hint of possible increments to the estimate for the 2024 budget if the revenue side increases. Minister of Finance, Wale Edun, disclosed this today when he appeared before the Senate Committee on Finance. President Bola Ahmed Tinubu had recently, formally presented a budget estimate of N27.5 trillion to the [...
•House of Representatives The House of Representatives Committee on Finance chaired by Hon. Abiodun James Faleke will on Monday flag off the 2024 budget defence of key regulatory ministries and agencies responsible for revenue generation in the country. Those expected to appear before the committee today are: Minister of Budget and National Pl...
•Senate chamber. The Senate Committee on Labour today said that there’s a need for reorientation in the budget office, as the situation is not in tandem with the President Bola Tinubu administration. The committee raised this observation when receiving officials from the Ministry of Labour and Productivity and agencies for the defence of their...
•Ben Akabueze The Director-General of the Budget Office of the Federation, Ben Akabueze, says the N27.5trn 2024 budget estimates awaiting approval at the National Assembly is “way too small” to meet Nigeria’s needs but the government has to cut its coat according to its cloth. “I’m always first to acknowledge that the budget of the […]...
•Mele Kyari The Chairman of the Senate Appropriation Committee, Senator Adeola Olamilekan, today, directed the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, to appear before the committee in 24 hours. Olamilekan, who asked Kyari to appear in company of the Executive Secretary of the Niger...
•Tinubu and Shettima President Bola Tinubu, Vice President Kashim Shettima and their aides are to spend the sum of N15.961 billion on international and local travels in 2024. The figure is contained in the 2024 Appropriation Bill, now being considered by the National Assembly, reports Vanguard. If approved by the federal legislature, he would ...
•Buhari, Osinbajo and Jonathan The federal government has earmarked a total of N13,805,814,220 for the upkeep of former presidents, vice-presidents, heads of state, Chiefs of General Staff, retired heads of service, permanent secretaries, as well as retired heads of government agencies and parastatals in the 2024 fiscal year. The beneficiaries...
•Tinubu at NASS The presidency is to get nearly N146 billion in the proposed 2024 budget, according to fresh documents released last night by the House of Representatives. The amount comprises N60,535, 827, 133 for capital expenditure and N85,413, 321,897 for recurrent expenditure. For statutory transfers, the National Assembly will get N197,9...
•Tinubu at NASS The Senate has released the sectoral allocations of the N27.5 trillion budget for 2024 fiscal year. This is coming amid the controversy over the sketchy details of the budget President Bola Ahmed Tinubu presented to the National Assembly on Wednesday, reports Daily Trust. Our correspondent observed that lawmakers were only prov...
•Tinubu at NASS Stakeholders have begun to worry about the paltry 12.5 per cent allocation for both health and education in the 2024 Appropriation Bill, predicting that the social sector of the economy may suffer acute funding in the coming years, that will aggravate the poor living conditions of the people. The bill, which was […]
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