2019 budget news

The Lagos House of Assembly has passed Governor Babajide Sanwo-Olu’s 2020 budget of N1.168 trillion into law. The budget passage followed the presentation of a report by the joint committee of the House on Appropriation and Finance on by the Chairman of the … Read more via P.M. News –...

Absence of a clear legal and regulatory framework, weak enforcement capacity of the public sector amongst others, are factors inhibiting Public -Private Partnership (PPPs) projects in Nigeria... more via Newtelegraph – https://ift.tt/32CrIsi Get more: Nigeria Business News

A civil society organisation, BudgIT has named 12 states in the country that have allegedly refused to publish their budgets. BudgIT said the state governments have proven that returns from budget secrecy are much more fulfilling to them than the $750million incentive provided by the World...

However, after undergoing legislative scrutiny, the lawmakers on April 30, passed the 2019 budget of N8.91tn, raising it by over N90.3bn.... Read more via Tori News – http://bit.ly/2YUn5qC Get More Nigeria Metro News

Data made available by the Nigeria Extractives Industries Transparency Initiative (NEITI) has shown that 28 states would be unable to fund their 2019 budgets from revenue realised in 2018 and 2017. The information, which was made available in the NEITI quarterly review. The eight states that...

The senate has resolved to override President Muhammadu Buhari’s veto on two bills passed by the national assembly. The bills are the the constitution of the federal republic of Nigeria, 1999 (Fourth Alteration No. 28,) bill 2018 and Industrial development (Income Tax Relief) (Amendment) Bill...

THE House of Representatives Committee on Tourism and Culture, yesterday, queried the General Manager of National Theatre, Dr Stella Oyedepo, for spending N29 million to renovate toilets. Oyedepo while reviewing her 2018 budget performance told the lawmakers that she expended N29 million to …...

The Chief of Army Staff, Lt.Gen. Tukur Yusuf Buratai, Wednesday Wednesday made a passionate appeal to the National Assembly to prevail on the Ministry of Budget and National Planning to exempt the Nigerian Army from existing budget ceiling or envelope allocation system so as to … Read more...

Gov. Abdula’ziz Yari of Zamfara on Saturday signed the 2019 budget of the state into law. Yari had on Monday presented the 2019 proposed budget bill of N135.326 billion to the state state House of Assembly. Earlier, presenting the documents to Gov. Yari, the Speaker … Read more via P.M...

Lagos State Governor, Mr Akinwunmi Ambode on Tuesday presented the year 2019 budget proposal of N852.316billion to the House of Assembly, with a pledge that it had been carefully prepared to be all-encompassing and … Read more via Nairaland – http://bit.ly/2MQv6ID Get More Nigeria Political...

Governor Nyesom Wike of Rivers State yesterday signed the 2019 Appropriation Bill into law, pledging to sustain the massive development of the state. The governor signed a 2019 Budget of N480, 411, 324, 647 as passed by the Rivers State House of Assembly after presenting … Read more via...

As the National Assembly members prepare to resume from their Yuletide break on Wednesday, there are indications that only 33 senators will be available to work on the federal budget of N8.83tn for the 2019 fiscal year presented by President Muhammadu Buhari on December 19, 2018. It was learnt...

Hope for the implementation of the 2019 budget was rekindled yesterday as crude oil price climbed around three per cent to rebound to $60 per barrel. This followed the extension of talks between the United States and China in Beijing, which raised hopes that the world’s two largest economies …...

A total of N8.7 billion was budgeted for Nigeria Air, the national carrier, in the proposed 2019 budget. This is despite the indefinite suspension placed on the project by the federal government... Read more via TheCable – http://bit.ly/2Tw5wun Get More Nigeria Political News

President Muhammadu Buhari has slashed the budget of the National Assembly by N14.5 billion, Daily Trust reports. The federal legislature got N139.5bn in the 2018 budget, but under this year’s budget, the president proposed the sum of N125bn for the lawmakers, representing a reduction of...

A princely sum of N1. 149, 385 trillion is estimated to go into the payment of subsidy on petrol imported into the country this year. With the provision of a mere $1 billion, which is about N305 billion in the 2019 budget year, the country may run into a massive... Read more via The...

Former Nigerian leaders including ex-Presidents Olusegun Obasanjo, Goodluck Jonathan and their Chiefs of Staff are to receive N2.3bn as benefits in 2019. The sum of N4.5bn was also proposed in the 2019 budget as severance benefits for retired Heads of Service and Permanent Secretaries while...

The Lagos State Commissioner for Budget and Economic Planning, Mr Olusegun Banjo says the 2019 Budget proposal is already in the State House of Assembly. Banjo said in a statement on Wednesday that tbe budget was to have been read before the house … Read more via P.M. News –...

The Federal Government plans to spend at least N27 billion in the 2019 budget on the acquisition of three Thunder aircraft and support equipment for its troops fighting insurgency and banditry in many parts of the country.... Read more via Vanguard News Nigeria – http://bit.ly/2s6yV2z Get...

President Muhammadu Buhari and his vice, Prof. Yemi Osinbajo, would cumulatively spend N2,344,006,774 on sundry items as captured in the 2019 Appropriation Bill recently presented to the National Assembly. The sum of N1,752,129,167 … Read more via Newtelegraph – http://bit.ly/2GNj2IA Get...