Tag Archives: 2017 budget

Minister of Finance, Kemi Adeosun, Queried by Senate Over 2017 Budget Implementation

The Senate, on Tuesday, challenged Kemi Adeosun, the Minister of Finance, over the Federal Government’s insistence on passing the 2018 budget in January when less than 50 percent of the 2017 budget was implemented. The upper chamber also queried why the 2017 budget had no correlation to the 2018 budget, insisting that going by the…

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FG is broke – Lai Mohammed Says

The minister for information and culture, Lai Mohammed has said that the Federal Government lacks the funds to implement capital votes in the 2017 budget. The minister said this on Tuesday, December 12, 2017, while defending the 2018 budget at the Senate, Tribune Online reports. Mohammed said “it is not that government is deliberately withholding releases to fund…

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Recovered Looted Funds Being Used To Finance 2017 Budget – FG

The Federal Government has revealed that it is using part of the stolen funds recovered from those that looted the economy to finance the 2017 budget. This was disclosed in Abuja, on Tuesday, by President Muhammadu Buhari at the 22nd Annual Conference of the Association of National Accountants of Nigeria (ANAN). Represented by the Accountant…

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#Budget2017: Don’t Resort To Name-Calling – Fashola Replies NASS

The Minister of Power, Works and Housing, Babatunde Fashola, has expressed concern over the reaction of the National Assembly to his observations on the 2017 Budget as passed the legislature. Fashola had in a recent interview, complained that the legislators had in approving the budget, reduced funds for some key projects of his ministry and allocated the…

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Osinbajo Reportedly Cancels Signing Of 2017 Budget

There is no date fixed for the signing of the 2017 budget yet, the Special Assistant to the President on National Assembly, Senator Ita Enang, has said. Acting President Yemi Osinbajo is expected to assent the document. Enang said consultations are still being held on the budget. “Further to several enquiries regarding action on the 2017 Appropriation Bill by…

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Budget Faces Fresh Hurdle At National Assembly

Legislators have delayed forwarding the 2017 budget to the presidency for assent after allegations of illegal alterations were raised by some members yesterday. The two chambers of National Assembly passed the budget Thursday after several months of delay. However, it was gathered that the allegations are already creating ripples among some senators. Many of them…

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Reps in Rowdy Session as NASS Releases Breakdown of it’s 2017 Budget

The National Assembly on Thursday published its 2017 budget, increasing the cost from N115bn in 2016 to N125bn. In the publication, it is understood that the total personnel cost takes N23,789,787,880; total overhead cost, N85,878,619,888; and total capital cost, N14,940,196,063. A breakdown of the estimates shows that the National Assembly gets N14.9bn; Senate, N31.3bn; House…

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