The Federal Road Maintenance Agency (FERMA) on Thursday said over 88 capital road projects captured in the 2017 budget nationwide had been completed. Maryam Sanusi, spokesperson of FERMA, made this known in an interview with the News Agency of Nigeria (NAN) in Abuja. Mrs Sanusi said another 66 road projects that were also captured in […]
Continue Reading
The Minister of Finance, Mrs Kemi Adeosun on Monday, said the Federal Government of Nigeria would release the sum of N750bn this to Ministries, Departments and Agencies of government this week. This is to serve as part of implementation of capital projects contained in the 2017 budget. gave the figure while speaking during a meeting […]
Continue Reading
NIGERIA – President Muhammadu Buhari in a letter sent to the senate, asked the latter to approve a loan of $5.5 billion to fund the 2017 budget. The president also said the 2017 budget had a deficit of N2.356 trillion. “Implementation of the external borrowing plan approved in the 2017 appropriation Act. External borrowing to […]
Continue Reading
The Acting President, Yemi Osinbajo, has written to the House of Representatives requesting approval for “virement’’ of N135.6 billion to fund some critical projects in the 2017 budget. The request was made in a letter dated July 18, 2017, which was read to members of the House by its Speaker, Yakubu Dogara, at plenary on […]
Continue Reading
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has expressed concerns that the 2017 budget implementation will be affected by uncertainties in the global oil market. Kachikwu told journalists on Wednesday in Abuja the Ministry of Finance and the Federal Executive Council were, however, working on measures to cushion the impacts of the […]
Continue Reading
The Minister of Finance, Kemi Adeosun said that the federal government was ready to release N350 billion, being the first tranche for implementation of the 2017 budget. Mrs. Adeosun said this on Monday in Abuja at the public presentation of 2017 Appropriation Act. She said that the Federal Government had enough cash available to immediately […]
Continue Reading
REMARKS BY AG. PRESIDENT YEMI OSINBAJO, SAN, AT THE SIGNING OF THE 2017 APPROPRIATION BILL INTO LAW ON MONDAY 12TH JUNE 2017 AT THE PRESIDENTIAL VILLA, ABUJA. A few minutes ago, I signed the 2017 Appropriations Bill into law. This is an important milestone in our economic recovery and Growth plan laid in April by […]
Continue Reading
Acting President Yemi Osinbajo has signed the 2017 budget into law. Senate President Bukola Saraki; Yakubu Dogara, speaker of the house of representatives; Udoma Udoma, minister of budget and national planning; Lai Mohammed, minister of information; Abba Kyari, chief of staff to President Muhammadu Buhari and Kemi Adeosun, minister of finance, witnessed the signing of the […]
Continue Reading
President Muhammadu Buhari has given Acting President Yemi Osinbajo the go-ahead to sign the 2017 appropriation bill into law. According to a statement issued by Garba Shehu, presidential spokesman, on Monday, the president indicated that it was in the interest of the country that his deputy sign the budget. “Following the receipt of a full […]
Continue Reading
A Presidency official has explained why the budget signing ceremony billed for today did not hold. The official attributed it to the extensive consultations between the presidency and ministers, on one hand and National Assembly members on the other. The National Assembly on 11 May passed the record 7.44 trillion naira ($24.45 billion) budget for 2017. Acting President […]
Continue Reading