A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
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
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The Senate on Wednesday approved the sum of N11,352,457,101.70 as budget for Nigeria Police Trust Fund in the 2020 fiscal year. The approval came following consideration of the harmonized report of the Senate and House of Representatives Committee on Police Affairs. READ ALSOInsecurity: Allow states to secure its space ― Akeredolu The implementation of the
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The Minister of Finance, Budget and National Planning, Zainab Ahmed, says as at December 2020, Federal Government recorded 89 per cent release to Ministries Departments and Agencies (MDAs) for capital component of the 2020 budget. Ahmed, who made the disclosure at an interactive session with the leadership of National Assembly on Monday, said the 89
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By Emma Ujah, Abuja Bureau Chief The Federal Government has rolled over the sum of N66.801 billion of unspent 2020 capital budget of 27 Ministries, Departments and Agencies, MDAs, to March 31, 2021. This is contained in a circular from the Office of the Accountant-General of the Federation, referenced FD/OAGF/ADC/2020?250/1/DF and dated January 26, 2021.
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President Muhammadu Buhari on Thursday in Abuja signed the 2021 Appropriation Bill of N13,588,027,886,175 into law. The president’s action followed the earlier passing of the bill by the National Assembly on Dec. 21 during an emergency session convened for the purpose of passing the budget. The signing of the budget is also in line with
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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
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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.
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…Angry youths block East-West road over Sole Administrator appointment By Henry Umoru The Senate, yesterday, approved N453.2 billion as annual budget for Niger Delta Development Commission, NDDC, for 2021 fiscal year. This was just as some youths in Niger Delta blocked the busy East-West road in protest over the appointment of a sole administrator for
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*** Jerks it by N505 billion ***Benchmark Price of Crude Oil pegged at $40USD Per Barrel; Crude Oil Production at 1.86mbpd; Exchange Rate at N379/US$; and Gross Domestic Production (GDP) Growth Rate at 3.00 percent. ***2020 budget: N’Assembly won’t approve another extension request, says Lawan ***Adjourns plenary till 26th January, 2021 By Henry Umoru &
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By Chidi Nkwopara & Chinonso Alozie IMO State Governor, Senator Hope Uzodimma, yesterday, presented an Appropriation Bill of N346.169 billion to the State House of Assembly for the 2021 fiscal year. Making the presentation to the lawmakers, Governor Uzodimma, said: “After a careful assessment of the present economic situation in the country and the prevailing
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