• Lagos to begin implementation of of Epe Master Plan soon

    Lagos to begin implementation of of Epe Master Plan soon

    Lagos State Government has unveiled the Epe Master Plan with a promise to turn the ancient town to another Dubai, this is according to the state government which also appealed to the residents to comply with the master plan to enable it to implement the plan.

    According to the new plan, farming and tourist sites, airport as well as other muilti-billion naira projects are proposed be implemented in the nearest future.

    Speaking at the stakeholders’ interactive session which took place at the […]

  • NPA, BudgIT sign deal on budget implementation

    NPA, BudgIT sign deal on budget implementation

    According to reports, the Nigerian Ports Authority has signed a Memorandum of Understanding with BudgIT Information Technology Network to open up its budget for the public.

    The General Manager, Public Affairs, Chief Michael Ajayi, in a statement on Monday in Lagos, said the MoU would promote transparency and accountability.

    The Managing Director of NPA, Ms. Hadiza Usman, said the partnership became necessary for the development of an open budget system platform and implementation of a public data dissemination programme.

    She said that this […]

  • 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 […]

  • Currency crisis’ll affect 2016 budget implementation – Experts

    Currency crisis’ll affect 2016 budget implementation – Experts

    The Deputy Registrar, Institute of Chartered Accountants of Nigeria, Mr. John Evbodaghe, and a Professor of Accounting, Obafemi Awolowo University, Taiwo Ashaolu, have urged President Muhammadu Buhari to assemble a team of economic experts to address Nigeria’s economic and fiscal challenges.

    They raised the alarm that the full implementation of the 2016 budget of N6.06tn would be hampered by the falling value of naira.

    They also identified the scarcity of dollar as another factor inhibiting the implementation of the budget.

    They spoke on […]

  • FG to fast-track budget implementation – VP Osinbajo

    FG to fast-track budget implementation – VP Osinbajo

    Vice President Yemi Osinbajo on Tuesday said efforts are being made to fast -track the procurement process to give the 2016 Budget implementation a speedy boost.

    He made the remark during a meeting with a delegation from the House of Representatives’ Committee on Privatization and Commercialization led by the Committee Chairman, Ahmed Yerima.

    Members of the committee had requested among other things that the Executive arm of government should inaugurate the National Council on Privatization in order to speed up privatization issues […]

  • Reps, Fashola clash over N35bn Housing budget implementation

    Reps, Fashola clash over N35bn Housing budget implementation

    The House of Representatives Committee on Housing Tuesday accused Babatunde Fashola–led Ministry of Power, Works and Housing of incompetence over the implementation of the 2016 N35b budget for the Housing component of the Ministry.

    This is as Fashola expressed concern over poor response from States for provision of land for the National Housing project with 17 out of 36 States responding to the request so far.

    Chairman of the Committee, Mustapha Bala (APC, Kano) during an interactive session with the Ministry on […]

  • Would be Difficult to Get 100% Implementation of 2016 Budget – FG

    Would be Difficult to Get 100% Implementation of 2016 Budget – FG

    Nigerians should not expect 100 percent implementation of the 2016 budget, the federal government said on Friday moment after it was signed into law by President Muhammadu Buhari on Friday.

    According to report , the Minister of Budget and National Planning, Senator Udo Udoma, told journalists that the journalist was signed late into the year and therefore it would be difficult to implement it fully. He said, “Our own will always be 100 per cent implementation. We know that because we […]

  • We will target 100 percent Budget Implementation – Udoma assures Nigerians

    We will target 100 percent Budget Implementation – Udoma assures Nigerians

    Senator Udoma Udo Udoma, the Minister of Budget and National Planning, on Friday said in spite of the late signing of the 2016 budget, the administration would target 100 per cent implementation.

    Udoma gave the assurance while briefing State House correspondents shortly after President Muhammadu Buhari signed the Appropriation Bill in Abuja

    The minister said the budget was anchored on $38 per barrel of oil benchmark, adding that the projection was also based on 2.2 million barrels of crude per day production.

    He […]