budget Archives - Page 4 of 4 - KOKOMANSION MEDIA

Official explains why FG plans to sell TBS, National Arts Theatre, power plants, others

November 29, 2017Ayo Olowo

The federal government of Nigeria has concluded plans to sell some key national assets like: Tafawa Balewa Square, the National Arts Theatre and some selected power plants under the National Integrated Power Projects. But the question is; why? An answer is given by the Director General of Budget Office, Ben Akabueze, who was quoted by […]

2018 budget dead on arrival – Abaribe

November 28, 2017Eben Tanimola

Speaking at the commencement of the debate on 2018 budget on Tuesday, Senator representing Abia South Senatorial District, Enyinnaya Abaribe, said the budget is dead on arrival, as it is totally fictitious. The senator said the proposed N8.6 trillion appropriation bill could not be described as a budget of consolidation because “nothing was done” in […]

Senate suspends debate on 2018 budget, Reps to begin consideration Nov. 28

November 21, 2017Ayo Olowo

The Senate on Tuesday announced the postponement of debate on the 2018 budget submitted to the joint session of the National Assembly by President Muhammadu Buhari about 2 weeks ago. Senate President and leader of the National Assembly, Bukola Saraki, made the announcement at the commencement of Tuesday’s legislative business. He told the lawmakers that […]

TOO VAGUE? Here is a breakdown of N8.6 trillion 2018 Budget estimates

November 8, 2017News Agency

Budget size: N8.612 trillion (16 % higher than 2017 estimates) Assumptions, projections ================== Benchmark crude oil price-US$45 per barrel Oil production estimate – 2.3 million barrels per day Exchange rate – N305/US$ for 2018 Real GDP growth of 3.5 per cent Inflation Rate of 12.4 per cent Expenditure Estimates ================ The proposed aggregate […]

I am not under probe over Aso Clinic, I had nothing to do with 2015 budget – Jonathna

October 15, 2017Ayo Olowo

Former President Goodluck Jonathan says he cannot be under probe over Aso Villa Clinic allocation, as he knows nothing about how the 2015 budget allocated to the state house medical centre was spent. Speaking on the committee set up by the house of representatives to look into the allocations of the clinic, Jonathan said as […]

SGF explains why it is difficult to fund budget

July 14, 2016Ayo Olowo

The secretary to the government of the federation, Babachir Lawal, on Wednesday appeared before the joint senate committees on ethics, appropriation and finance, to explain that the federal government is finding it difficult to fund the 2016 budget. He explained that there is a fall in oil production of up to 800,000bpd – compared to the […]