proposes

Tambuwal Proposes ₦202.4bn Budget For 2020

December 4, 2019 11:40 am

Governor Aminu Tambuwal of Sokoto, yesterday, presented ₦202.4 billion as proposed appropriation for 2020 fiscal year to the state House of Assembly for approval.

Tambuwal, while presenting the bill for 2020 proposed expenditure said the amount included a capital expenditure of N122.8 billion, personnel cost of N32.7 billion and overhead cost of ₦46.8 billion.

The governor said the budget, tagged: “Budget of Sustained Socio-economic Development and Inclusiveness,” would focus on completion of projects started in 2019 and execution of new ones.

He said the budget was carefully formulated in tandem with the State Government strong desire and commitment to …

Makinde Proposes ₦208.8bn Budget

November 28, 2019 3:54 am

Governor Seyi Makinde of Oyo State on Wednesday presented an appropriation bill of ₦208, 802,972,878 to the state House of Assembly for the 2020 fiscal year.

Capital expenditure made up 47.9 per cent of the total budget estimate, while the total recurrent expenditure for the 2020 financial year stood at N108, 660, 282,832, representing 52.1 per cent of the budget proposal.

Makinde said the importance of the 20 per cent “increase on the 2019 budget should not be lost on us.”

The governor added, “Increased allocation to capital projects

…

2020 Budget: FG Proposes ₦15bn For Life Insurance Of MDAs

October 23, 2019 6:09 am

The federal government has proposed ₦15 billion for payment of group life insurance of its employees. The proposal was contained in the 2020 Appropriation Bill presented by President Muhammadu Buhari before the National Assembly recently.

According to the federal government, the ₦15 billion would be used to pay for Group life insurance for employees of all federal government ministries, departments and agencies including DSS/insurance of sensitive assets, Corpers plus administrative monitoring.

Section 4 (5), of the Pension Reform Act, 2014 states that “every employer shall maintain a group life insurance policy in favour of each employee for a minimum of …

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 …

FG To Review NBC Code, Proposes ₦5m Fine For Hate Speech

October 10, 2019 12:55 pm

The federal government has approved recommendations to review the National Broadcasting Code (NBC) and extant broadcasting laws.

Minister of Information and Culture, Alhaji Lai Mohammed, said on Thursday that the measure was to insulate the National Broadcasting Commission (NBC) from undue political interference and exercise its regulatory powers, particularly with respect to the issuance and withdrawal of broadcasting license. The review of the National Broadcasting Code and extant broadcasting laws will now reflect the review of fines to be paid by erring broadcasting stations from ₦500,000 to ₦5 million for breaches relating to hate speeches, inciting comments and indecency. In …

2019 Budget Defence: FAAN proposes ₦101.6bn

March 27, 2019 5:27 pm

Federal Airport Authority of Nigeria, (FAAN) has proposed a total budget of N101.6 billion for 2019.

The Managing Director, Mr Saleh Dunoma, made the disclosure while defending the 2019 budget proposals of the Authority before the House of Representatives Committee on Aviation on Wednesday in Abuja.

According to him, the Authority is proposing for 2019 a Budget of N101.67 billion as against N88,805,462,776 for 2018 which gives a 14.5 per cent increase.

“This is in anticipation of increase in passenger traffic as well as boost in the non-aeronautical revenue base of the Authority as already highlighted in the 2018 budget …