2018 budget

Senator Dino Melaye representing Kogi west senatorial district has described President Muhammadu Buhari 2018 budget proposal as unrealistic. Melaye stated this on Wednesday contributing to the 2018 budget debate at the plenary. The senators also took turn to make inputs and amendments into the...

The Ministry of Communications Technology and one of its affiliate parastatals the Nigeria Communications Satellite Limited, NigComSat has proposed to spend N158.3 million for travelling, fumigation, refreshment and miscellaneous purposes in the 2018 fiscal year. This was contained in the...

The Senate on Thursday announced the postponement consideration of the 2018-2020 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) Chairman, Senate Joint Committee on Finance, Appropriation and National Planning, Mr John Enoh, who made this known at plenary, attributed...

The Ogun State Governor, Senator Ibikunle Amosun has presented the 2018 State Budget proposal of N345.42 billion to the State House of Assembly, Abeokuta, Ogun State capital, on Tuesday, with the assurance that the budget would be implemented in furtherance of the rebuilding mission of his...

Punch reports that the Ministry of Foreign Affairs has earmarked N762.4m for the purchase of uniforms and clothing in the 2018 budget. It also proposed to spend N2.4bn on the posting and return entitlements of ambassadors. A breakdown of the 2018 budget proposal indicates that 110 foreign...

The Federal Government is proposing to spend a total of N158m for the maintenance and fuelling of generators at the Federal Ministry of Power, Works and Housing (FMPWH), the Punch reports. According to the budget proposal for the ministry in the 2018 Appropriation Bill which is currently...

President Mohammadu Buhari, on Tuesday reiterated his commitment to address the issue of bad roads in South East geopolitical zone. The president made this known in Abakaliki while addressing stakeholders of the state at the exco-chambers during his one day working visit to the state. Buhari...

Weeks ago, the President had presented N8.61 trillion appropriation bill - Nigeria’s biggest budget, surpassing the N7.44 trillion 2017 budget. Its aggregate expenditure comprises recurrent costs of N3.494 trillion; debt service of N2.014 trillion; statutory transfers of N456 billion; sinking...

President Muhammadu Buhari on Tuesday banned fresh recruitment by all Federal Government Ministries, Departments and Agencies, except by presidential approval. He said this was to manage a rising personnel expenditure that was expected to increase to 12 per cent in 2018. He disclosed that...

President Muhammadu Buhari and Senator Shehu Sani representing Kaduna central senatorial district on Tuesday exchanged words shortly after the 2018 budget presentation. Mr. Buhari, according to the Senator described him as 'comrade the fighter'. Nigerian Bulletin recall that Senator Shehu Sani...

Below are key points from the speech of the Senate President, Bukola Saraki at the presentation of the 2018 appropriation bill on Tuesday. 1. As the country gradually recovers, it is important to reset the fundamentals that drive our economy – so we do not slide back into recession. We must...

President Muhammadu Buhari while presnting the 2018 budget to the joint session made lawmakers to burst into laughter at the mention of the whistleblower policy of the Federal government. Buhari had reminded the lawmakers that Nigerians should not forget that the Whistleblower lines are still...

President Muhammadu Buhari on Tuesday formally presented an N8.6 trillion 2018 budget to a joint session of the National Assembly. The budget is dubbed ‘budget of consolidation,’ the budget was about 16 per cent increase from the N7.44 trillion appropriated in 2017. Here are some highlights...

President Muhammadu Buhari on Tuesday formally presented an N8.6 trillion 2018 budget to a joint session of the National Assembly. The budget is dubbed ‘budget of consolidation,’ the budget was about 16 per cent increase from the N7.44 trillion appropriated in 2017. the breakdown include: -...

The People’s Democratic Party caucus of the House of Representatives shortly before the commencement of presentation of the 2018 budget by President Muhammadu Buhari planned to protest the budget presentation. According to Premium Times, the members, who met at Hearing Room Two where they...

Security has been beefed up around the National Assembly Complex in Abuja as the lawmakers await the arrival of President Buhari. President Muhammadu Buhari is set to present the 2018 budget proposals to a joint sitting of the National Assembly. Feelers from the Presidential Villa Abuja...

Banks and shops operating within the National Assembly Complex did not be open for business on Tuesday because of the budget presentation by President Muhammadu Buhari. According to TheCable, as of 8:30am on Tuesday, people who were denied access to the national assembly remained at the...

Crude oil prices rose more than 3 per cent on Monday, hitting 30 months high, just as President Muhammadu Buhari is set to present 2018 budget estimates to the National Assembly with a proposal of $45 per barrel of oil next year. The sharp rise in oil price came as Saudi Arabia’s crown prince...

President Muhammadu Buhari will on Tuesday present the 2018 budget before the joint session of two chambers of the National Assembly. Mr. Buhari Had last week requested the indulgence of the two chambers of the National Assembly to allow him present the budget at 2.pm on November 7. The...

President Muhammadu Buhari-led federal government is considering selling some of its stakes in oil joint ventures to raise about $3 billion (about N1 trillion) in order to reduce the deficit for 2018 budget, DailyTrust gathered. According to the newspaper, the planned asset sales proposal is...