FG to back budgets with finance bills henceforth — Finance Minister
The Federal Government has reiterated plans to henceforth back annual budgets with finance bills, according to the Finance Minister, Zainab Ahmed.
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The Federal Government has reiterated plans to henceforth back annual budgets with finance bills, according to the Finance Minister, Zainab Ahmed.
Read MoreABUJA— THE Senate said, yesterday, that there was urgent need to look outside annual budgetary allocation, if the spate of kidnapping, armed banditry and insurgency in the country must come to an end.
Read MoreONE of the long-identified reasons our annual budgets are unable to improve our capital development at both the Federal and states levels over the years is inadequate funding. The annual budgets allocate roughly 70 per cent to recurrent expenditures while capital needs take about 30 per cent, most of which are not faithfully funded.
Read MoreEven though there has been considerable improvement in the appreciation of the peculiar nature of small & medium enterprise, SMEs, in terms of standard operating procedures, SOPs, most banks expect the small business owner to operate a semblance of formalization in their business approach.
Read MoreBudgIT, a civic tech transparency organization has berated state governments for not disclosing details of their 2018 budget. The group also accused the governments of Lagos state and Kwara state of been notoriously opaque in budget disclosures. In a statement titled, “Opaque Nigerian State Budgets”, signed by the Project Manager, BudgIT, Mr. Abayomi Akinbo, the group said that twenty-one states of the federation are yet to publish online their 2018 budget documents for consumption by citizens.
Read MoreBudgIT, a civic tech transparency organisation working on holding government accountable and creating an active citizenry to improve governance is following the non-availability of States fiscal plan and urging Nigerians to demand their States budgets collectively.
Read MoreEkiti State Governor, Mr. Ayodele Fayose has said that President Muhammadu Buhari should be ashamed that he signed 2018 budget in June instead of blaming the National Assembly for performing its constitutional duties, asking “The previous budgets that he agreed with the National Assembly, what did he do with them? Where are the impacts of 2016 and 2017 budgets?”
Read MoreThe Senate has expressed concern over the failure of Government agencies to submit their 2017 budget proposal to the National Assembly in line with extant law.
Read MoreSENATE President, Bukola Saraki has said that the Senate was tired of having appropriation bills passed into law without full implementation.
Read MoreNiger State Governor, Alhaji Abubakar Sani Bello, has presented a budget proposal of N74.7 billion to the state House of Assembly for consideration for the 2016 fiscal year.
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