Tag Archives: Budget

Some items in 2024 budget disturbing- Peter Obi

The Presidential Candidate of the Labour Party (LP) in the 2023 general elections, Peter Obi has again exposed what he described as some undeserving allocations in the 2024 federal budget describing the budget items as disturbing. Obi who had in his previous interventions called for a total review of the budget on the grounds that there were several misplacements of ...

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Alleged Budget Padding: Senate integrity intact- Tinubu

President Bola Tinubu has said that those alleging embellishments in the 2024 budget did not understand arithmetic. The 2024 budget was shrouded in controversy following allegations by Senator Abdul Ningi representing Bauchi Central, saying over N3.7 trillion in the budget could not be traced to any project. The allegations, which landed him three-month suspension, stimulated reactions from concerned Nigerians across ...

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Peter Obi calls for review of 2024 budget over alleged budget padding

Presidential candidate of the Labour Party, LP, in the 2023 presidential election, Peter Obi, has called for a total review of the 2024 budget. He made this known in a statement on his official X handle on Monday. Obi advised that the nation’s resources should adequately be appropriated to critical areas like security, fighting poverty and solving the challenges of ...

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INEC budgets N355 billion for 2023 general elections

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 ...

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Sanwo-Olu vows to make tough decisions as he signs 2021 budget into law

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 ...

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Gov Sanwo-Olu presents N1.155trn budget to Assembly (full speech)

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. ...

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“Buhari”s budget must be scrutinized properly before passage,” Groups tell NASS

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 ...

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FEC: Buhari’s govt projects N13.08 trillion budget for 2021

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 ...

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Lagos Assembly passes Sanwo-Olu’s N1.168 trillion budget

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 ...

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Just in: Finally, President Buhari signs N10.594trn budget into law

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 ...

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