Browsing: 2018 Budget

Of all the arms of government, only the budget of the National Assembly was shrouded in secrecy

The Bill, which he christened: “Budget of Divine Fulfillment,” was lower than that of the outgoing year, put at N208.33 billion.

The President revealed this when he presented the 2019 budget estimates at a joint session of the National Assembly in Abuja.

Umahi said during the occasion in Abakaliki that the State Executive Council painstakingly reviewed the performance of the 2018 Budget and expressed satisfaction with its implementation.

The Senate has adjourned plenary session till November 6, to allow the various standing committees to embark on oversight of Ministries, Departments and Agencies.

The Debt Management Office, DMO, says the Federal Government raised N66.9 billion at its bond auction on Wednesday, as part of moves to finance the 2018 budget.

The Debt Management Office (DMO) on Friday said the Federal Government would issue another Green Bond to finance capital projects in the 2018 budget before end of the year.

The Peoples Democratic Party on Wednesday deplored the Presidency’s request for N242 billion for 2019 elections from the 2018 Budget, saying it constituted a threat to the polls.

Buhari had accused the National Assembly of padding the 2018 Budget with N578 billion by introducing 1,403 new projects into the budget. 

Buhari, who represented by the Secretary to the Government of Federation, Boss Mustapha, at the National Assembly Open Week, expressed dissatisfaction over the failure of the National Assembly members to pass the 2018 Budget earlier in order to return from the budget cycle to January to December

In a Freedom of Information request sent to the Ministry by HEDA and signed by its Chairman, Olanrewaju Suraju, the Resource Center said it is really surprised and shocked to read that this increment and addition from the National Assembly is due to insertion of projects considered to be improperly valued and costed.

The Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Ita Enang, made the disclosure on Thursday in an interview with the News Agency in Abuja.

Fowler also said the service is on course to achieve its target of N5 trillion from taxes in the 2018 fiscal year.

The lawmakers made the position known on Friday at a news conference addressed by the Spokespersons of the Senate and House of Representatives, Senator Aliyu Sabi-Abdullahi and Rep. Abdulrazak Namdas, in Abuja

1.          We appreciate the fact that the 2018 Appropriations Law which was passed by the National…

The clarification by the Presidency came after the National Assembly issued a statement on Friday blaming aides of Buhari for not educating him on several issues as they relate to the budget.

Buhari had on Wednesday accused the federal lawmakers of tampering with the 2018 Budget sent to them by cutting essential projects and inserting non-essential ones

Examples of increase are the budget of the National Assembly itself which was increased from N125 billion to N139.5 billion. This shows an increase of N14.5 billion. The provisions for statutory transfers were also increased by an aggregate of N73.96 billion. Most of the increases in statutory transfers are for recurrent. This is not in the best interest of Nigeria since the present government is trying to keep down the cost of governance.

The Chairman of the caucus, Senator Enyinnaya Abaribe, and lawmakers from the region said they learnt

The minister said this on Thursday in Abuja at the presentation of the approved 2018 Budget of Consolidation.