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UN Panel Seeks Global Support For Financial Integrity

The United Nations High-Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (FACTI Panel) has solicited global support to strengthen financial integrity for sustainable development. The call was among the 14 recommendations made by the UN panel at the launch of its new report titled “Financial Integrity for Sustainable Development”. […]

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India Exits Recession, Economy Up 0.4% In Q4, 2020

India’s economy grew 0.4 per cent year-on-year in the final quarter of 2020, ending the country’s first recession since independence. The country’s exit from recessionary slide and modest recovery is partly linked to measures by the government which as eased coronavirus restrictions. A news report by AFP indicated that the country had struggled to claw […]

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Borno To Sanction MDAs Over Extra-budgetary Spending

Borno State Government on Friday warned Ministries, Departments and Agencies (MDAs) to avoid spending out their budgetary provisions and threatened that any defaulting agency will be penalized. The warning came on the heels of the payment of the sum N12 billion by the state government to offset gratuities of 4,862 retirees in the state and […]

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Diversification Drive Catalyst To Nigeria’s Economic Recovery – Ahmed

The Federal Government on Wednesday hinged Nigeria’s exit from economic recession on the gains from its ongoing economic diversification agenda, particularly the value addition from the implementation of the Economic Sustainability Plan (ESP). The Minister of Finance, Mrs. Zainab Ahmed, made this known while chatting with State House correspondents at the end of Federal Executive […]

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2020 Budget: Senate Approves N11.35Bn For Police Trust Fund

The Senate on Wednesday approved the sum of N11,352,457,101.70 as budget for Nigeria Police Trust Fund for the 2020 fiscal year. The approval was sequel to the consideration of the harmonized report of the Senate and House of Representatives Committee on Police Affairs. The implementation of the NPTF 2020 budget would lapse on the 30th […]

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Senate Orders Arrest Of NDDC Mgt Over Alleged N2.6Bn Misappropriation

The Senate has issued an arrest warrant for the management of the Niger Delta Development Commission (NDDC) over failure by the members to appear before it over alleged N2.6 billion palliative fund misappropriation perpetration by them. The Chairman of the Senate Committee on Public Petition, Ethics and Privileges, Senator Ayo Akinyelure, gave the order after […]

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U.S Entrepreneurs Oppose Biden’s Tax Hike Plan

President Joe Biden appears to be facing an uphill task in his administration’s efforts to hike tax as part of its fiscal drives to fund multitrillion-dollar infrastructure investments he promised to build in the coming months. The stand-off between the White House and corporate entities is rising as President strikes nearer to clinching congressional approval […]

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Open Treasury: BudgIT, CISLAC Laud FG On Drop In Suspicious Payments

BudgIT, a civic advocacy society and accountability organisation on budget and public finance issues and the Civil Society Legislative and Advocacy Centre (CISLAC) have commended the Federal Government for its commitment to curb frauds in the public finance payment system through the Open Treasury initiative. Barely seven month after the government launched the Open Treasury […]