• Saraki Explains why Budget Allocation to Health Sector Remains Small

    Saraki Explains why Budget Allocation to Health Sector Remains Small

    Senate President, Senator Abubakar Bukola Saraki  has made his opinion on state of health facilities in the country known while addressing a gathering of health advocates, market women and school children at a forum jointly organised in Abuja by the One Campaign, Code and Wellbeing Foundation Africa.

    Saraki  on Thursday said for as long as government spends money on road construction, power generation, railway and other infrastructural facilities which could be invested in by the private sector, the votes for health […]

  • Jibrin reveals how lawmakers stole N500b from N1.2 trillion 10-years allocation

    Jibrin reveals how lawmakers stole N500b from N1.2 trillion 10-years allocation

    Federal lawmakers allegedly stole N500 billion from N1.27 trillion allocated to the National Assembly (NASS) in 10 years, former House of Chairman Committeeon Appropriation, Abdulmumin Jibrin has said.

    According to him, N500b was moved into private pockets in the name of Running cost, which was not part of the monthly salary of the lawmakers.

    Jibrin, who was on suspension said the alleged fraud perpetuated by the lawmakers was made possible because NASS allocation is a first line charge in the budget, which […]

  • Attacks on oil installations, vandalism crash monthly allocation by N90.2bn

    Attacks on oil installations, vandalism crash monthly allocation by N90.2bn

    Despite increase in average price of crude oil at global market from $46.0 per barrel in May to $48.43 in June, sustained attacks on oil installations and pipeline vandalism have reduced total allocation available for sharing to the three tiers of government by N90.2 billion.

    The picture was made clearer yesterday as the sum of N420 billion was approved for September for sharing as against N510.270 billion disbursed among the three tiers of government in August.

    Militant attacks on oil installation led […]

  • Kwara denies receiving N1trn federal allocation

    Kwara denies receiving N1trn federal allocation

    It was gathered tat the Kwara state government has debunked claims by a group, “Organising Kwara Political Action Group” that it has collected over N1tn in federal allocations between the last administration of Dr. Bukola Saraki and the current administration of Governor Abdulfatah Ahmed.

    In a statement by the Senior Special Assistant to Governor Ahmed on Media and Communications, Dr. Muhideen Akorede, the state government described the allegations as ill-informed and driven by deliberate falsehood.

    It also described as false, the claim […]

  • Fashola lauds Buhari’s administration for N266bn allocation to ministry

    Fashola lauds Buhari’s administration for N266bn allocation to ministry

    According to reports, the Minister of Power, Work and Housing in Nigeria, Mr Babatunde Fashola, has lauded the present administration for the allocation of about 266 billion Naira (about $790 million) to the ministry.

    He said the decision showed that the administration understood the importance of good road to economic development of every nation.

    Addressing the 22nd meeting of the National Council on Works in Katsina State, Mr Fashola faulted the immediate past administration for failing to maintain, rehabilitate and construct new […]

  • Falana rejects Soludo’s defence on allocation of $7bn to 14 banks

    Falana rejects Soludo’s defence on allocation of $7bn to 14 banks

    A human rights lawyers, Mr. Femi Falana, Wednesday rejected the defence of the former Central Bank of Nigeria (CBN) Governor, Prof. Charles Soludo, on how the apex bank under his leadership removed $7 billion from the country’s foreign reserves and doled out it to 14 commercial banks.

    Falana, a Senior Advocate of Nigeria (SAN), demanded whether the commercial banks that benefitted from $7 billion, which the former CBN governor said was deposited in the banks on October 3, 2006.

    He made the […]

  • ASUU decries reduction of budgetary allocation to education

    ASUU decries reduction of budgetary allocation to education

    The Academic Staff Union of Universities (ASUU) has decried the reduction of the Federal Government’s allocation to the education sector from 11 percent in 2015 to 8 percent in 2016.

    The ASUU Sokoto Zonal Coordinator, Dr Lawal Argungu, made this known at a Press Conference in Sokoto on Saturday.

    “The way FGN treats the funding of education in this country makes it difficult for ASUU to believe the sincerity of the government in reforming the education sector in Nigeria.

    “It is certainly quite […]

  • FG deducts N32bn from allocation to distressed states

    FG deducts N32bn from allocation to distressed states

    The Federal Government has deducted N32 billion from allocations to states from the Federation Account in the month of April 2016.

    This deduction from source covered the different loans incurred by the affected states.

    This was disclosed in a report by the Economic Confidential, an economic intelligence magazine.

    The report said Osun State was worse hit by the development, as its allocation for the month of April 2016 totaling N2.030 billion was wiped away by its debt of N2.391 billion, leaving a deficit […]

  • EFCC probes National Assembly’s N300bn allocation in 2014, 2015 budgets

    EFCC probes National Assembly’s N300bn allocation in 2014, 2015 budgets

    The Federal Government has started investigating how the 2014 and 2015 budgetary allocations of the National Assembly were expended.

    It was gathered on Friday that the Economic and Financial Crimes Commission had demanded details of the budgets totalling N300bn from the National Assembly clerk, Sani Omolori.

    Besides, he was requested to produce details of the contracts awarded by the assembly.

    It was learnt that some principal officers of the seventh and the current eighth National Assembly would be invited in the coming months […]