The shocking revelation was contained in the 2019 annual report of the Auditor-General of the Federation.
Browsing: 2019 budget
Ehanire made this known at a 2-day investigative hearing organised by three committees of the House of Representatives in Abuja.
The Senate has directed the Independent National Electoral Commission to unbundle N40 billion budget proposal for 2020.This was as INEC demanded additional N5 billion in the 2020 budget to conduct governorship elections in two states next year.
On the other hand, it would shelve planned borrowing from the international debt market – Eurobond, for the budget, since 2019 appropriation had turned out to be a six-month fiscal operation.
The government insisted that the budget document has since been restored to the website after the IT consultant engaged by the previous administrations pulled it down.
Senator Udoma Udo Udoma, Minister of Budget and National Planning, says the nation’s 2019 budget has a funding gap of N102.83 billion.
The Federal Government says it will grant tax incentives to private companies willing to fund the construction of major road projects in the six geo-political zones of the country.
The Nigerian Maritime Administration and Safety Agency has said it generated over N22.9 billion to the consolidated revenue fund in 2018.
Former President Olusegun Obasanjo and former Vice President Alhaji Atiku Abubakar are among the country’s former leaders to share N2.3 billion from 2019 Budget already passed by the Senate.
President Muhammadu Buhari presented a Badger proposal of N8.826 budget to the Joint Sitting of National Assembly for consideration on December 19, 2019.
The National Assembly on Tuesday approved N160 billion for the payment of the new minimum wage for federal workers and payment of severance benefits.
The Senate on Tuesday passed the 2019 Budget of N8.92 trillion as against N8.83 trillion presented by President Muhammadu Buhari on December 18, 2018.
The Senate Committee on Banking, Insurance and other Financial Institutions has reiterated its commitment towards ensuring that international passports are locally produced in Nigeria.
The Senate on Wednesday stepped down consideration and passage of the 2019 Appropriation Bill until April 30.
The House of Representatives Committee on Appropriations on Wednesday laid the report of the 2019 budget appropriation before the House at plenary.
The report was laid by Senator Danjuma Goje, the Chairman of the Senate Committee on Appropriation
The Senate has resolved to make a provision of N10 billion in the 2019 appropriation bill as intervention funds to cater for Internally Displaced Persons and other persons affected by the crises in Zamfara State.
Abuja, April 3, 2019 (NAN) The House of Representatives, on Wednesday, queried the Federal Fire Service over N60 million increase in recurrent expenditure for the 2019 Budget.
The House of Representatives Committee on Industry on Tuesday queried the Ministry of Industry, Trade and Investment over an increase in its personnel cost in the 2019 budget.
The Senate on Tuesday adjourned plenary till April 9 to allow its Committee on Appropriation conclude work on the 2019 Budget.