By Johnbosco Agbakwuru – Abuja The federal government (FG) has said it will borrow more money to fund critical infrastructure, saying Nigeria would not make any meaningful headway in its quest for development if it doesn’t borrow more. Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said this, Thursday,at a maiden special media […]

The Federation Accounts Allocation Committee (FAAC) has shared N640.310 billion to the three tiers of government for January. Mr Hassan Dodo, the Director of Information, Ministry of Finance, Budget and National Planning, said this was made known in a communique issued at the end of a virtual conference of FAAC on Thursday. The committee in […]

By Peter Egwuatu Economic experts have proffered various means of funding N5.23 trillion 2021 budget deficit other than the ways and means that the International Monetary Fund, IMF, has cautioned the Central Bank of Nigeria, CBN from adopting. In their comments today during a webinar organised by the Chartered Institute of Stockbrokers, CIS titled ‘ […]

***Zaria, Jema’a LGs get lion share By Ibrahim HassanWuyo The Kaduna state government has approved the disbursement of N152.4 million in performance grants to the 23 local government councils in the state after due assessment. A statement issued by the Special Adviser on Media and Communication, Mr Muyiwa Adekeye on Monday said that the decision […]

WHEN an acclaimed Interim Management Committee, IMC, of the Association of Local Governments of Nigeria, ALGON, January 10, raised the alarm that authorities of the 774 local government areas in the country were in the dark over an ostensibly decided plan by the Federal Government to deduct money running into billions of naira from their statutory allocations in the next 10 years, starting from 2021, and pay same as consultancy fees to popular politician and lawyer, Prince Ned Munir Nwoko, and other professionals, not a few Nigerians were startled by the disclosure

By Emma Una – Calabar Biase Local Government Council Chairman, Mrs Oma Egwu, on Monday announced a budget estimate of N3,222,023,847.00 (three billion, two hundred and twenty two million, twenty three thousand, eight hundred and forty seven naira) for the 2021 fiscal year. Christened “Budget of Collaboration”,  the Chairman said the budget  is so named […]

The Federal Government, States and Local Government Councils (LGCs) have shared N619.343 billion as federation allocation for December, 2020. Mr Hassan Dodo, Director of Information, Ministry of Finance, Budget and National Planning announced this on Wednesday in Abuja. Dodo said the allocation was released after a virtual conference of the Federation Accounts Allocation Committee (FAAC). […]

By Rotimi Ojomoyela – Ado-Ekiti In a bid to boost the capacity of the State Security Network, code-named Amotekun corps, the state government has earmarked a whopping sum of N1.4 billion for the outfit in 2021 fiscal year. This would enable the security outfit to establish an effective presence in all the communities in the […]

By Emma Ujah The World Bank Group plans to invest over $5 billion over the next five years to help restore degraded landscapes and improve agriculture productivity. According to the statement by the institution, the Group’s President, David Malpass, announced the investment at the One Planet Summit, a high-level meeting co-hosted with France and the […]

By Emma Una – Calabar Senator Ben Ayade of Cross River State governor on Wednesday signed into law the state’s appropriation bill which was passed by the state assembly on Tuesday. The budget tagged “Budget of Bliss and Blush” containing a total  sum N281.7 billion estimate  was tabled  before the State House of Assembly on […]

The Kaduna state government has earmarked the sum of N970 million for rural feeder roads projects in 2021, under its Ministry for Local Government Affairs. This is contained in the breakdown of N1.9 billion allocated to the ministry for capital projects in the 2021 approved budget document. The document obtained by the News Agency of […]

Governor Ahmadu Fintiri of Adamawa on Saturday signed the state N140 billion 2021 budget into law. Speaking at the ceremony in Yola, Fintiri said that 52 per cent of the budget was for capital expenditure, while 48 per cent was for recurrent expenditure. According to him, the budget is the first of its kind in […]

Governor Bello Matawalle of Zamfara has signed the state’s 2021 budget of more than N142.7 billion into law, pledging to ensure accountability, and prove to the world that his administration was transparent. Matawalle assented to the bill on Friday in Gusau. According to him, the budget, which is IPSAS (International Public Sector Accounting Standards) compliant, […]

Governor Aminu Tambuwal of Sokoto state on Wednesday signed the state’s 2021 budget of N176.7 billion into law. Tambuwal, while assenting to the 2021 budget in Sokoto, praised the state House of Assembly for the speedy passage of the budget. He said the lawmakers despite political differences were united in the development of the state. […]

Contemporary harsh economic realities were responsible for the increase in the 2021 budget from the initial proposal of N13.08 trillion to N13.58 trillion, the Spokesman of the House of Representatives, Hon. Benjamin Kalu has said.