BudgIT, a non-governmental organisation (NGO) committed to public finance transparency and accountability in the country, has charged the National Assembly to guard against padding of the 2023 budget by Ministries, Departments and Agencies (MDAs) in view of current economic reality in the country. The Country Director of the group, Mr. Gabriel Okeowo, was quoted by […]
National Assembly
Senate Tasks Digital Economy Ministry On Awareness About Start-Up Act 2022
The Senate has charged the Ministry of Communications and Digital Economy to intensify public awareness on the newly enacted Start-up Act 2022 with a view to sensitizing millions of Nigerian youths on the benefits and opportunities of the law. The Chairman of the Senate Committee, Information and Communications Technology (ICT) and Cybersecurity, Sen. Oseni Yakubu, […]
Senate Tasks Digital Economy Ministry On Awareness About Start-Up Act
The Senate has charged the Ministry of Communications and Digital Economy to intensify public awareness on the newly enacted Start-up Act with a view to sensitizing millions of Nigerian youths on the benefits and opportunities of the law. The Chairman of the Senate Committee, Information and Communications Technology (ICT) and Cybersecurity, Sen. Oseni Yakubu, gave […]
RMAFC To Review Political, Other Public Office Holders’ Remuneration
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has concluded arrangements to start the process of reviewing the remuneration of political, public and judicial office holders in the country. The Chairman of the Commission, Mohammed Bello Shehu, gave this hint when he led a delegation of the commission’s management on a courtesy visit to the […]
CBN, AMCON Announce Polaris Bank’s Sale To New Investor
The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) have announced the completion of a Share Purchase Agreement (SPA) for the acquisition of 100 percent of the equity in Polaris Bank by Strategic Capital Investment Limited (‘SCIL’). This is even as the House of Representatives on Wednesday endorsed the sale […]
FG Provides N470Bn For Universities’ Revitalization In Fiscal 2023
As part of its fiscal measures to address lingering crisis in the nation’s tertiary institutions, the Federal Government on Wednesday disclosed that it provided N470 billion special fund for university revitalisation and upward adjustment of lecturers’ salaries in the 2023 Appropriation Bill now before the National Assembly. The Minister of Finance, Budget and National Planning, […]
President Buhari Signs Nigeria Startup Bill Into Law
President Muhammadu Buhari on Wednesday signed the Nigeria Startup Bill (NSB) into law. The bill, which was a joint initiative of Nigeria’s tech startup ecosystem and the Presidency, aimed at harnessing the potential of the country’s digital economy through co-created regulations, had earlier been passed by the Senate and House of Representatives in July this […]
FCT N607.9Bn Budget 2022 Passes 2nd Reading At Senate
The Federal Capital Territory’s (FCT’s) N607.9 billion budget 2022 scaled the second reading on Wednesday at the Senate following the deliberations on the provisions at plenary. The Senate Leader, Sen. Ibrahim Gobir, who led the debate at plenary, told the lawmakers that The budget sought to authorise the issue from the Federal Capital Territory Administration […]
LCCI Charts Roadmap To Fiscal Efficiency, Flaws FG On New Loans
The Lagos Chamber of Commerce and Industry (LCCI) has flawed Federal Government’s plans to finance the N10.78 trillion deficit estimates in the 2023 proposed budget through new commercial loans and drawdown on bilateral and multilateral loans. The Chamber, in a statement issued on Sunday and signed by its Director-General, Dr. Chinyere Almona, described the fiscal […]
Fuel Subsidy Regime To End In 2023 – Buhari
……Proposes N20.51Trn Budget For Fiscal 2023 President Muhammadu Buhari said on Friday that oil subsidy would be discontinued in fiscal 2023 to ensure improved efficiency in public finance and enable the administration to commit savings from the subsidy to other critical sectors with huge potentials to ameliorate the current socio-economic hardships of ordinary citizens […]