budget

2020 Budget Will Be Difficult To Implement - Bello

2020 Budget Will Be Difficult To Implement – Bello

October 22, 2019 12:56 am

Mustapha Bello was Commissioner for Resource Development, Katsina State, and one of the commissioner-nominees by Governor Aminu Bello Masari, in this interview, he said the 2020 budget recently presented to the National Assembly would be challenging to implement, even up to 50 percent.

Excerpts:

Nomination

Any politician, either in appointive or elective position, is privileged to serve the people and it comes with a lot of responsibilities. When I heard the news, I did self- reflection and I realized that I have to do more to help deliver on the Governor Bello Aminu’s campaign promises to the people of …

Sell Public Enterprises To Fund 2020 Budget, BPE Tells FG

Sell Public Enterprises To Fund 2020 Budget, BPE Tells FG

October 21, 2019 10:41 am

The Director-General of the Bureau of Public Enterprises (BPE), Mr.Alex Okoh, has advised the federal government to consider the privatisation of federal government-owned enterprises to fund the ₦10.33 trillion 2020 budget, which has a total deficit of ₦2.28 trillion.

He decried a situation where state-owned enterprises place undue pressure on the lean public purse by way of subventions.

A statement by BPE’s Head, Public Communications, Amina  Tukur Othman quoted Okoh as saying that there was no justification for the ritual of yearly budget deficit with local and external borrowings when there are national assets that could be converted into …

2020 Budget: FG To Reintegrate Ex-Militants With ₦65bn

2020 Budget: FG To Reintegrate Ex-Militants With ₦65bn

October 18, 2019 3:44 am

The Federal Government has earmarked ₦65 billion for the reintegration of ex-militants under the Presidential Amnesty Programme.

Also, ₦37.83 billion and ₦80.88 billion were allocated to the North East Development Commission (NEDC) and the  Niger Delta Development Commission (NDDC) respectively.

This was even as the government allocated ₦110 billion for the construction and rehabilitation of roads in every geopolitical zone in Nigeria.

The roads which would be done through counterpart funding include  the dualisation of Markurdi –Enugu Road;  Akwanga –Jos-Bauchi-Gombe Road;  reconstruction of the outstanding sections of Benin-Ofosu-Ore-Ajebandele-Shagamu Expressway;  construction of Bodo-Bonny Road;  pavement strengthening and Asphalt Overlay of Ajebandele-Ijebu-Ode-Shagamu …

NASS To Adjust Defence Budget To Meet Security Challenges

NASS To Adjust Defence Budget To Meet Security Challenges

October 17, 2019 3:42 pm

The Chairman Senate Committee, Army, Sen. Ali Ndume on Thursday said the National Assembly will adjust the defense budget to meet current security challenges in the country.

Ndume said in an interview with newsmen in Kaduna that the allocation for the Armed Forces contained in the 2020 budget proposal before the National Assembly was grossly inadequate in view of the current security challenges.

The News Agency of Nigeria reports that Ndume led joint members of the National Assembly on fact-finding mission, needs assessment and oversight to Army formations in Kaduna State.

The committee members also paid courtesy visit to Gov.

…
Delta State Proposes Budget Of ₦389bn For 2020

Delta State Proposes Budget Of ₦389bn For 2020

October 17, 2019 12:35 am

Delta State Government has proposed a total budget estimate of ₦389 billion for the 2020 fiscal year.

The proposed figure is made up of ₦217 billion capital expenditure and ₦171 billion for recurrent expenditure, indicating that the state government would spend more on capital projects than recurrent for the financial year.

The approved estimates are expected to be presented to the state House of Assembly by the state Governor, Dr. Ifeanyi Okowa, as the state 2020 Appropriation Bill soon.

The figure, which was announced to journalists after the State Executive Council meeting yesterday in Asaba, by the state Commissioner for …

2020 Budget: President, Vice To Spend ₦3.3bn On Trips

2020 Budget: President, Vice To Spend ₦3.3bn On Trips

October 11, 2019 6:46 am

  • President, Vice-President’s food to gulp ₦149m

  • Labour sets up team to study FG’s 2020 budget

President Muhammadu Buhari and Vice-President Yemi Osinbajo will spend a total of ₦3.327bn on foreign and local trips in 2020. The figure is contained in the details of the 2020 Appropriation Bill that Buhari presented to a joint session of the National Assembly on Tuesday. The item was tagged Travel and Transport (General) under State House (President) and State House (Vice-President).

In the 2019 Budget, a total of ₦1.3bn was allocated for the foreign and local trips of the President and the Vice-President. While N1bn …

₦10tn Budget Will Not Achieve Much, Agbakoba Tells Buhari

₦10tn Budget Will Not Achieve Much, Agbakoba Tells Buhari

October 11, 2019 4:18 am

Former President of the Nigerian Bar Association (NBA), Dr. Olisa Agbakoba, has said the ₦10 trillion budget presented to the National Assembly by President Muhammadu Buhari will not take Nigerians out of poverty.

He also advised the federal government to consider legislation on criminal immunity to Nigerians who have plundered the country, as this will lead to a massive inflow of Nigeria’s money in foreign banks.

In a statement made available to newsmen yesterday, Agbakoba, who commended President Buhari for laying the budget estimates in good time, said the country cannot have an anemic budget of ₦10 trillion for 200 …

Senators Express Worries Over ₦10tn Budget Viability

Senators Express Worries Over ₦10tn Budget Viability

October 10, 2019 2:03 am

The Senate Wednesday began debate on the 2020 budget estimates with senators divided over the viability of the ₦10.33 trillion Appropriation Bill presented to the National Assembly by President Muhammadu Buhari.

The debate of the budget proposal began at 11 a.m. and lasted till about 3 p.m. with many senators across party lines describing the budget as lacking focus, while others said the fiscal proposal was not sustainable because it was based on taxation. No fewer than 16 senators spoke yesterday and they expressed divergent views on it.

Leading the debate, Senate Leader, Senator Yahaya Abdullahi, highlighted the principles …

Anambra Eyes 80% Improved Performance In 2019 Budget

Anambra Eyes 80% Improved Performance In 2019 Budget

October 9, 2019 4:10 am

Anambra State government has said that it is optimistic that its 2019 budget will receive over 80 percent implementation, saying that the state has remained top in budget performance since Governor Willie Obiano took the reins of power in the state.

The state Commissioner for Economic Planning and Budget, Mr. Mark Okoye, said this at a news conference on the 2020 proposed budget presented to the Anambra State House of Assembly two weeks ago.

Okoye said, “The good thing about Anambra is that we present a budget that we can implement 100 percent. There is no use presenting ₦1 trillion …

Federal Government To Raise ₦1.07tn In Order To Fund Budgets

Federal Government To Raise ₦1.07tn In Order To Fund Budget

September 29, 2019 1:34 am

The Federal Government is planning to raise about ₦1.07tn from the sale of property and businesses in the next three years to shore up dwindling revenues.

The money, according to investigations by News Agency will be used to fund the 2020, 2021 and 2022 budgets partly.

This is just as government battles overwhelming domestic and foreign debts as it seeks funds to implement its budgets.

The Federal Government disclosed the plan to sell the assets in the 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper being worked on by the Senate Committees on Appropriation and Finance.

According to the …

Willie Obiano Budgets ₦137bn For 2020 Fiscal Year

September 26, 2019 11:25 am

The Anambra State governor, Willie Obiano, on Thursday laid a budget of ₦137.1bn before the Anambra State House of Assembly for the 2020 fiscal year.

The budget had ₦57.69bn as recurrent expenditure and N78.3bn as capital expenditure, representing 43 and 57 per cent of the budget respectively.

Tagged budget for “Accelerating Infrastructural Development and Youth Entrepreneurship”, the governor said it would take into consideration, the state’s revenue and expenditure trend.

Obiano said, “This is expected to drive the 2020 budget theme of Accelerating Infrastructural Development and Youth Entrepreneurship.

“We hope that the budget allocation will facilitate the intended improvement in …

Q3 2018 capital budget records dismal implementation

Q3 2018 capital budget records dismal implementation

May 26, 2019 12:56 am

There are strong indications that the bulk of N2.079t released by the Ministry of Finance as at May 14 for the implementation of projects by Ministries, Departments and Agencies (MDAs) may still be lodged at the Central Bank of Nigeria (CBN).

The Minister of Finance Mrs. Zainab Shamsuna Ahmed, last week, said that the amount was for the implementation of projects captured under capital votes in the 2018 fiscal spending plan by the MDAs.

But snippets from the Third Quarter 2018 budget implementation report exclusively obtained by The Guardian indicate that Jubril (President Muhammadu Buhari)’s ministers may have been largely …

TRENDING

Breaking

𝐀𝐟𝐫𝐢𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐍𝐞𝐰𝐬, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤, is a nonpartisan online news portal founded on the truth to provide you with weekly, insightful articles written with precision and current updates on current events from Africa in particular and the rest of the world in general. All of our reports undergo extensive fact-checking to ensure their veracity, and we adhere strictly to the facts, no matter whose ox is gored.

follow on social media

Facebook Twitter Youtube Telegram Linkedin

subscribe to newsletter

© 2018 - 2020 Africa digital news, New York
Powered by

People and Polity