BudgIT, a leading civic-tech organization advocating for transparency and accountability in Nigeria’s public finance, has asked the Budget Office of the Federation and the Office of the Minister for Finance to immediately make public how the third quarter 2022 budget was implemented in line with public finance extant legislation. The civil advocacy organization in a […]
The Federal Government on Monday hinted of its plans to borrow about N4.89 trillion locally and externally in 2022 to fund the revenue shortfall in its proposed budget of N13.98trn in the fiscal year. Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this during an interactive session with members of the House […]
The Fiscal Responsibility Commission has disclosed that most ministries, departments and agencies of government failed to remit about N1.2 trillion to to the Consolidated Revenue Funds of the Federal Government as required by law and fiscal regulations. The Acting Chairman of the commission, Barrister Victor Muruako, who gave this hint on Monday, explained that the […]
The House of Representatives on Monday asked the Accountant-General of the Federation, Ahmed Idris, to reconcile inconsistencies discovered by the Committee on Finance in his office’s budget and resubmit the proposals for deliberations. The chairman, House Committee on Finance, Hon. James Faleke, gave the directive after members of the committee had considered the proposed budget […]
The Director General of the Budget Office, Ben Akabueze, on Tuesday disclosed that no fewer than 50 Government-Owned Enterprises (GOEs) were yet to remit about N2.78 trillion to the Federation Account as operating surpluses in line with the provisions of the law. Akabueze, who made this disclosure while speaking at a town hall meeting with […]