• Buhari ready to present 2017 budget to NASS

    Buhari ready to present 2017 budget to NASS

    The 2017 appropriation bill is ready to be presented by President Muhammadu Buhari before a joint session of the National Assembly, after the document was yesterday given accelerated consideration and approval by the Federal Executive Council (FEC) presided by Buhari at the Presidential Villa, Abuja.

    Minister of Budget and National Planning, Senator Udoma Udo Udoma, while briefing State House correspondents on the outcome of the meeting did not disclose details of the document.

    He simply said President Buhari would soon write the […]

  • Senate denies frustrating 2017 budget proposal over constituency

    Senate denies frustrating 2017 budget proposal over constituency

    The Senate yesterday dismissed media reports that it was frustrating the early passage of the 2017 budget.

    The upper chamber said it has deliberated and passed the medium Term Expenditure Frame Work with some reservation by some senators.

    In a statement by the senate spokesman, Sen. Aliyu Sabi the senate condemned the report, describing it as misleading and false.

    A national newspaper has on Monday reported that the National Assembly is frustrating the submission of the 2017 Appropriation Bill.

    Parts of the statement reads. […]

  • I’ll ensure 2017 Budget is not padded – Buhari vows

    I’ll ensure 2017 Budget is not padded – Buhari vows

    The distortions that happened to the Budget 2016 in which series of rogue projects and figures were injected into the financial document won’t happen to next year’s budget, President Muhammadu Buhari has vowed.

    Buhari said this when he received in audience members of the Governance Support Group, led by Hon. Chukwuemeka Nwajiuba, at State House, Abuja on Friday.

    The President said: “I am waiting for the 2017 Budget to be brought to us in Council.

    “Any sign of padding anywhere, I will remove […]

  • 2017 budget: FG orders MDAs to submit budget through web portal

    2017 budget: FG orders MDAs to submit budget through web portal

    As the 2017 budget preparations kicks off, all Ministries, Department and Agencies (MDAs) of government have been directed to submit their budgets to a designated web portal domiciled in Budget Office.

    This is a departure from the old practice of MDAs submitting their annual budgets through flash drive to the Budget office. This new development is to avoid hitches of 2016 budget creeping in to next year’s budget while the budget office will review it on line and send it back […]

  • FG to send 2017 budget to NASS next month

    FG to send 2017 budget to NASS next month

    Minister of State, Budget and National Planning, Mrs. Zainab Ahmed, on Wednesday hinted that barring any interference, the 2017 budget will be sent to the National Assembly for deliberation next month.

    Ahmed made the disclosure while addressing State House Correspondents after the Federal Executive Council, FEC, meeting which was presided over by President Muhammadu Buhari at the Presidential Villa.

    Speaking on the performance of the 2016 budget, the junior Minister noted that the budget had recorded 50 per cent implementation, especially in […]

  • Senate suspends work on 2017 budget, summons ministers

    Senate suspends work on 2017 budget, summons ministers

    Crisis is brewing between the National Assembly and the Federal Government over the 2017 budget.

    The Senate has suspended work on the Medium Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP) and invited Budget and Planning Minister, Udoma Udo Udoma as well as Finance Minister Kemi Adeosun to brief its leadership on key areas of the budget.

    In a letter dated October 19, 2016, signed by the Senate Leader Ali Ndume, the minister of finance is expected to appear and […]

  • Implementation of 2017 budget to begin January 1 – Presidency

    Implementation of 2017 budget to begin January 1 – Presidency

    According to reports, the Presidency said Friday that the administration of President Muhammadu Buhari will start the implementation of the 2017 budget, January 1, just as it stressed that as a government, it has put everything in place to achieve the set goal and target.

    According to the Presidency, to ensure that the implementation of the 2017 budget commenced at the chosen date, the Government would ensure that the 2017 Appropriation Bill was presented to the National Assembly before the end […]

  • Breaking!!! Buhari proposes N6.8t 2017 Budget, N1.6t for debt servicing

    Breaking!!! Buhari proposes N6.8t 2017 Budget, N1.6t for debt servicing

    President ‎Muhammadu Buhari on Tuesday unveiled a proposal to spend N6.8 trillion in 2017, with debt servicing put at N1.6 trillion.

    This was based on the Medium Term Expenditure Framework read‎ on the floor of the Senate on Tuesday.

    According to the MTEF, oil bench mark was put $42.50 per barrel, with production projected to be 2.2 million barrels per day and an exchange rate of N290 to a dollar.

    According to the MTEF, N65 billion will be spent on the Amnesty programme […]

  • We are working towards early passage of 2017 Budget, says Udoma

    We are working towards early passage of 2017 Budget, says Udoma

    According to reports, the Minister of Budget and Planning, Udoma Udo Udoma, on Friday said the executive will collaborate with the National Assembly towards ensuring early passage of the 2017 Appropriation Bill.

    He also assured Nigerians that the crisis witnessed in the passage of the 2016 budget will not be experienced in the 2017 budget, saying the National Assembly may not spend up to three months to look at the budget.

    Udoma, who was a guest on Channels TV said Nigeria is […]

  • 2017 budget: FG to slash MDAs allocations

    2017 budget: FG to slash MDAs allocations

    President Muhammadu Buhari has said some ministries may get significantly fewer capital allocations than they received in 2016 while others may receive more allocations in the 2017 budget.

    This was even as the administration prioritises key sectors to get the economy out of recession.

    Buhari disclosed these yesterday in Abuja at a one-day retreat for Ministries Departments and Agencies (MDGs) with financial experts invited to present and discuss priority areas in next year’s budget.

    President Buhari had, in Nairobi, Kenya last month, pledged […]

  • Social intervention programs gets N500bn in 2017 budget

    Social intervention programs gets N500bn in 2017 budget

    The Federal Government said it would again set aside the sum of N500bn in the 2017 budget for social intervention programs for that fiscal period.

    The amount when added to the N500bn earlier approved for the same purpose this year would bring the total budgetary allocation for social intervention programs to N1tn in two years.

    The Minister of State for Budget and National Planning, Mrs Zainab Ahmed, gave the N500bn budgetary provision figure for next year while speaking at a media briefing […]