Tag Archives: Budget

Chairman of the Independent National Electoral Commission (INEC), Professor Mahmood Yakubu, has said that the electoral umpire would spend N355 billion in the 2023 general elections. However, the electoral body said it has budgeted another N50 billion for its annual budget in 2023, an increment of N10 billion compared to 2022 budget which was N40 billion as approved by the ...

Lagos State Governor, Babajide Sanwo-Olu has assented  N1.163 trillion 2021 budget. Acccording to him, his administration would make tough decisions in the year 2021. The lawmakers jacked it up to N1.163 trillion from N1.555trrn earlier submitted to the house. Sanwo-Olu said the quick passage of the bill shows that the relationship between the executive and legislature in cordiall. The text ...

Lagos State Governor, Babajide Sanwo-Olu, has presented a 2021 budget proposal of N1,155,022,413,005.82 to members of the State House of Assembly. The presentation was made  at the legislative chamber of the Assembly complex in Alausa. Ikeja on Tuesday. The Governor said that he is upbeat that the proposal will make considerable impact in all spheres of lives in Lagos State. ...

Groups known as Civil Society Legislative Advocacy Centre (CISLAC) and Transparency International Nigeria (TI), says the budget submitted by President Mohammadu Buhari must be scrutinized properly before passage by the National Assembly. Auwal Musa, Executive Director, CISLAC and Head, TI, told the News Agency of Nigeria in Lagos that the national assembly should remove any form of waste, duplication and ...

The Federal Government, during the weekly Federal Executive Council (FEC) has approved N13.08 trillion budget for the 2021 fiscal year. Making this known to State House Correspondents after the weekly virtual FEC meeting presided over by President Muhammadu Buhari, the Minister for Finance, Budget and National Planning, Mrs. Zainab Ahmed, also said the oil benchmark has been pegged at $40 ...

Lagos House of Assembly on Monday passed the 2020 budget of N1.168 trillion. The passage followed the presentation of a report by the joint committee of the House on Appropriation and Finance by the Chairman of the House Committee on Budget and Economic Planning, Mr. Gbolahan Yishawu. The presentation took place during plenary when the House dissolved into Committee of ...

President Muhammadu Buhari has signed the 2020 appropriation bill of N10,594,362,364,830 into law. The budget was increased from N10.33 trillion to N10.594 trillion  by the National Assembly. N560.47 billion of the total budget is for statutory transfers while N2.7 trillion is for debt service. Other breakdown of the budget include N4,842,974,600,640 for Recurrent Expenditure; Capital expenditure N2,465,418,006,955; Fiscal Deficit N2.28 ...

The House Committee on Appropriation has laid the final 2020 budget estimate before the House of Representatives for consideration. The report on the budget estimate which was supposed to have been laid before the House on November 28 was shifted to December 3 and later December 4 as a result of the death of a member of the house. Chairman ...

The expected passage of the 2020 budget by the Senate this week is no longer possible, it was gathered. It was learnt that the Chairman Senate Committee on Appropriation, Barau Jibrin, told the Senate on Tuesday that the report is not ready. He asked the Senate for one more week to enable the committee to complete the report and lay ...

The Lagos State House of Assembly has passed the state’s 2020 proposed budget to the committee stage after it scaled through second reading during plenary on Monday. The Appropriation Bill was read for the second time by the Clerk of the House, Mr Azeez Sanni. Gov. Babajide Sanwo-Olu had on Nov. 8 presented the 2020 proposed budget of N1.168 trillion ...