The House of Representatives has said that Nigeria is losing about 8.810 billion dollars annually from the non-implementation of e-Customs modernisation project of the Nigeria Customs Service (NCS). The project is projected to generate about 176.2 billion dollars within the 20 years concession period. Rep. Leke Abejide, Chairman, House Committee on Customs and Excise, disclosed […]

Average interest rate on treasury bills fell to 3.66 per cent last week following the decision of the Central Bank of Nigeria, CBN, to reduce the stop rate on one-year treasury bills, for the second time this year, as investors’ demand exceeded the supply by 391 per cent. 

By Dirisu Yakubu – Abuja The federal government has earmarked the sum of N230 million for the purchase of law books, management of litigations and arbitrations in the Federal Ministry of Transportation in the 2022 budget as signed into law by President Muhammadu Buhari a fortnight ago. This is in addition to an allocation of […]

By David Odama – Lafia Nasarawa State Government said it is spending  N31.9 billion on education, representing 30 per cent of the 2022 budget. Similarly, the sum of N2.23bn is to be spent  for the electrification of rural communities across the 13 Local Government Areas of the state The  State Commissioner of Finance, Budget and Planning, Daniel […]

By Emma Ujah & Babajide Komolafe The Federal Government,  FG, recorded a budget deficit of N7. 052 trillion in the eleven months ending November last year (11M-21), representing 33 per cent increase when compared with the N5.32 trillion recorded in the corresponding period of 2020 (11M-2020). The deficit recorded represents 9.2 per cent above the N6.449 […]

By Chris Ochayi The Federal Government has allocated a total sum of N10 billion for the dualisation of Section I-IV of the East-West highway project in the 2022 fiscal year. According to the 2022 appropriation bill signed into law by President Muhammadu Buhari, another N25 million was allocated for ongoing access management and mitigation action […]

The Kaduna State Government has earmarked N4.7 billion for the provision of water, sanitation, and hygiene services in its 2022 budget. This is contained in the 2022 budget size of N278.6 billion,  signed by Gov. Nasir El-Rufai on Dec. 22 and obtained by the News Agency of Nigeria (NAN) in Kaduna on Monday. The budget […]

The Kano State House of Assembly on Tuesday passed into law the 2022 budget, amounting to N221 billion, which is higher than N196 billion earlier proposed by Gov. Abdullahi Ganduje. The News Agency of Nigeria (NAN) recalls that the House on Monday adopted a report of the House Committee on Appropriations presented by the chairman, […]

By Egufe Yafugborhi – Port Harcourt Governor Nyesom Wike on Tuesday assented to N483.1 billion 2022 Rivers State Budget of Consolidation with an assurance of his administration to achieve at least 80% implementation. Wike, shortly after signing into law the 22 Appropriations at the Government House, Port Harcourt, told the State Assembly, “By grace of […]

Governor Udom Emmanuel of Akwa Ibom on Monday signed the 2022 Appropriation Bill into law with a total outlay of N586.88 billion. The News Agency of Nigeria (NAN) recalls that the 2022 budget christened: “Budget of Redefining Standards,” was passed by the State House of Assembly on Dec.2 with an increase of N4.77 billion. This […]