The Centre for Democracy and Development (CDD), one of Nigeria’s leading civil advocacy group on good governance, has identified revenue shortfalls as one of the constraints that undermined the Federal Government’s efforts to meet the broad economic development targets as outlined it the Economic Recovery and Growth Plan (ERGP). The civil society group made this […]
The Senate today passed the 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) submitted to it by President Muhammadu Buhari last week, raising the 2020 budgetary proposal by N727 billion and the oil benchmark by $2 per barrel. The approval was sequel to the presentation and consideration of the Senate Committee on Finance […]
BudgIT, a frontline civil society group committed to public finance transparency in the country, has charged that Federal Government to publicise the real beneficiaries of the yearly N1.4 trillion subsidy payments with a view to ensuring that the expenditures judiciously utilized. The civil society organization lamented that despite the startling disclosures by the Minister of […]
The Federal Government has proposed N15 billion for the payment of insurance premium of employees in its Ministries, Departments and Agencies (MDAs) in the current fiscal year.
Prospects of Nigeria and other commodity-exporting countries boosting their earnings from crude exports have brightened as oil prices were stable early today.
Saudi Arabia will boost spending in an attempt to revive economic growth
The Federal Government today disclosed that it would release an additional sum of N750 billion this week for implementation of capital projects contained in the 2017 budget to Ministries, Departments, and Agencies of government.
The upper legislative chamber of the National Assembly has raised the projected oil benchmark for the 2018 budget from the $45 per barrel by the Executive to $47.
The Federal Government has assured that the adjustments made to the 2018-2020 Medium-Term Expenditure Framework and Fiscal Strategy Paper which raised the projected expenditure figures by about N1.5 trillion would not in any way distort the 2018 Appropriation Bill passage as the adjustments had been captured in the latter before its presentation to the […]