FG to sell off some government owned properties to fund 2021 budget

The Federal government says it would be selling off some government-owned properties as well as non-oil assets to fund the 2021 budget. The Minister of Finance, Zainab Ahmed, disclosed this during the budget presentation ceremony which was done virtually on Tuesday, January 12. According to her budget presentation titled ‘Public Presentation of 2021 FGN Approved Budget –… Continue reading FG to sell off some government owned properties to fund 2021 budget

President Buhari presents N13.08trn 2021 budget proposal to National Assembly members(photos)

President Buhari has presented the 2021 budget proposal of N13.08trillion to the National Assembly for consideration and passage into law. The President was accompanied by Vice-President Yemi Osinbajo, some cabinet members and presidential aides, to a joint session of the National Assembly today October 8 where he presented the budget which is tagged ”Budget of Economic… Continue reading President Buhari presents N13.08trn 2021 budget proposal to National Assembly members(photos)

National Assembly exposes INEC’s ‘unapproved’ spendings

The National Assembly Joint Committee on Independent National Electoral Commission (INEC) has raised concerns about the additional budgetary spending of over N503 million by INEC without applying for virement from the National Assembly.   The discovery was made during the 2019/2020 budget defence session by the commission before the committee. Rep. Ibrahim Babangida from Katsina raised… Continue reading National Assembly exposes INEC’s ‘unapproved’ spendings

Niger Delta ministry’s N23b budget rejected by senate

The Ministry of Niger Delta Affairs’ 2020 budget of N23b was rejected by the Senate Committee on Niger Delta on Monday October 21. The Ministry’s 2020 budget was rejected on grounds of not capturing major ongoing projects in its capital appropriation.  While other senators stated that the Niger Delta Ministry’s budget needs to be increased, the senate committee chairman… Continue reading Niger Delta ministry’s N23b budget rejected by senate