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AfDB, EIB Seal Pact On Investment Priorities For Africa

The African Development Bank (AfDB) and the European Investment Bank (EIB) today signed a joint partnership action plan highlighting their strengthened cooperation and mutual development priorities and a strong shared emphasis on boosting public and private sector investment in Africa. A news report circulated on behalf of the development finance institutions by African Press Organisation […]

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FG Committed N1.80Trn To Capital Projects In 2020 Fiscal Year – Ahmed

The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Tuesday said that the Federal Government spent a total of N1.80 trillion on capital projects in the 2020 fiscal year, The Minister, who made this disclosure on during the public presentation of the 2021 approved budget at the virtual presentation said the amount spent […]

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Infrastructure Key To Sustainable Economic Devt – Buhari

President Muhammadu Buhari on Tuesday linked sustainable development of any country, Nigeria inclusive, to quality infrastructure and that it would be practically impossible for a country with infrastructure deficit to optimize its development potential. The President made this remark when he received in audience, the State Councillor and Foreign Minister, People’s Republic of China, Mr. […]

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N/Assembly Passes N13.588Trn 2021 Appropriation Bill

The Senate on Monday at its emergency plenary session passed the 2021 Appropriation Bill with a projected N13.588 trillion expenditure for the fiscal year. The passage of the budget in the Senate was sequel to the consideration of a report by the Committee on Appropriations on the 2021 Appropriations bill. In his presentation, Chairman of […]

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AfDB Board Approves $10.4Bn For Bank’s 2021 Borrowing Programme

The Board of Directors of the African Development Bank (AfDB) has approved the development finance institution’s 2021 Borrowing Programme for up to $10.4 billion to be raised from capital markets. The programme will allow the Bank to raise funds in the debt capital markets in order to help finance its projects and programmes in Africa. […]

Budgeting Economy News Extra Infrastructure & Capital Projects Investments/Capital Market Latest News National Assembly Planning & Economic Development

Senate Passes Finance Bill 2020

The Senate on Tuesday passed the Finance Bill 2020 transmitted by the Executive to the National Assembly two weeks ago for consideration and passage. The passage of the bill was sequel to the consideration of a report by the Senate Joint Committee on Finance, Customs, Excise & Tariff, Trade and Investment, and Public Procurement. While […]

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COREN Vows To Tackle Unethical Practices In Construction Industry

The leadership of the Council of the Regulation of Engineering in Nigeria (COREN) at the weekend hinted of its plans to invoke the powers provided in its amended Act to investigate licensed engineers and non-engineers who engage in unprofessional practices leading to infrastructure collapses nationwide. The National President of the Council, Engr. Ali Rabiu, who […]

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BPE To Handle Public Enterprises, Infrastructure Concession

The Vice President and Chairman, National Council on Privatisation (NCP), Prof. Yemi Osinbajo has clarified that with the new Federal Government’s circular on the administration of Public-Private Partnership (PPP) projects in the country, the Bureau of Public Enterprises (BPE) shall be responsible for the concession of public enterprises and infrastructure already listed in the First […]

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Taraba Proposes N139.46Bn Budget For 2021 Fiscal Year

The governor of Taraba State, Mr. Darius Ishaku, on Friday presented an Appropriation Bill of N139,460,435,961 to the state House of Assembly for consideration as budget for the 2021 fiscal year. Christened ‘Budget of Restoration and Stabilization’, the Bill pegged the state’s recurrent expenditure at N82,910,048,650, while capital expenditure is proposed to gulp N56,550,387,310. Governor […]

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BudgIT Urges FG To Prioritize Value-Adding Capital Projects

BudgIT Foundation, a civic-tech non-governmental organisation leading the advocacy for fiscal transparency and accountability in budget and public finance, has urged the Federal Government to allocate more funds to capital projects that directly affect the welfare of the citizens. More importantly, the organisation stressed that it had become expedient that more funds be allocated to […]