Tag: BUDGET

Tinubu submits FCTA 2024 Budget to H/Reps.

Aminu Imam

….Seeks speedy consideration President Bola Tinubu has submitted the 2024 Budget for the Federal Capital Territory Administration, (FCTA), to the House of Representatives for consideration and passage. The President’s letter seeking the passage of the Budget, which was read on the floor of the House during the plenary session yesterday, was however silent on the estimates. The letter reads: “In line with the provisions of sections 121 and 299 of the Constitution of the Federal Republic of Nigeria, 1999, (as amended), the Honourable Minister of the Federal Capital Territory has…

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Oyetola prioritises port rehabilitation in N10.9bn budget presentation

Aminu Imam

Minister of Marine and Blue economy, Adegboyega Oyetola, has presented a N10.9 billion, 2024 budget for his Ministry to the joint House Committees of the Senate on Marine Transport and the House of Representatives Committees on Ports and Harbour, Maritime Safety, Education and Administration, Inland Waterways and Shipping services. The Minister said the proposed Budget is to enable the newly created ministry to perform its oversight role and monitor the implementation of government policies across agencies under its purview in the marine and blue economy domain. Oyetola said, “You are…

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Lagos: Criticism, as Sanwo-Olu approve N3.75bn for perfume, rechargeable fans

Aminu Imam

Lagos State Governor, Babajide Sanwo-Olu, has been widely criticised for approving N7.5 million to replace liquid fragrance in his office and N3 billion to purchase rechargeable fans for the office of his deputy, Obafemi Hamzat. Also, Nigerians reacted on social media to other contracts awarded by Lagos state’s Public Procurement Agency (PPA) in the 2nd and 3rd quarters of 2023, which included approval of over N440 million for the purchase of a new Lexus LX 600 Bulletproof Sport Utility Vehicle (SUV) for use in the pool of Office of Chief…

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Kaduna State: What Government is spending on each resident

Abdul-Azeez Ahmed Kadir

By; Yusuf Ishaku Goje.  The Kaduna State total 2023 approved budget is N376 billion, using the 2020 population estimate of 9.4 million, the per capita; what will be spent on each resident, is N39,710. While per capita for the total capital expenditure of N240 billion is N25,419. Below are the breakdown of the per capita expenditure for some key sub-sectors.  Ministry of Education, budget: N105.4 billion, per capita is N11,120; while the sector capital expenditure; N76.4 billion, is N8,061. Ministry of Health; budget: N59.1 billion, per capita is N6,233; while…

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Humanitarian Minister blames Zainab Ahmed of masterminding N206bn budget padding

Aminu Imam

Minister of Humanitarian Affairs, Disaster Management, and Social Development, Sadiyya Farouq, has blamed the Minister of Finance, Zainab Ahmed, for adding N206bn to the humanitarian ministry’s budget. Farouq, who appeared before the Senate Committee on Special Duties on Monday to defend its 2023 budget, claimed that the ministry requested some projects for the North-East Development Commission and the National Social Safety Net Project in the 2022 Budget, which were not released, but was surprised to see an inflated amount in the 2023 budget of the ministry. A controversy ensued at…

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NNPC spends over N13bn for entertainment, N20bn for phone calls in 2 yrs

Aminu Imam

The Nigerian National Petroleum Company Ltd. (NNPCL) has revealed that it incurred N788.7bilion administrative expenses in 2021. This is an increase from N648.6 billion reported in 2020, bringing its total expenses to over N1.4 trillion in two years. NNPC stated this in its financial statement for 2021, published on its website. A breakdown of NNPC administrative expenses showed that N13.46 billion went into entertainment for its staff and over N20 billion for telephone calls and Postage within the two-year period. Entertainment expenses in 2021 gulped the sum of N11.83 billion,…

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Fuel subsidy: Buhari transmits N2.557tr supplementary budget to National Assembly

Aminu Imam

President Muhammad Buhari has written the National Assembly, seeking an amendment to the 2022 Budget to accommodate an additional N2.557 trillion to fund subsidy on petrol, as against the N443 billion already appropriated. The request was contained in a letter dated February 10, 2022, and read by the Speaker of the House of Representatives, Femi Gbajabiamila at the resumed plenary yesterday. The President is asking the NASS for approval of the supplementary budget to provide for subsidy on petroleum products from June to December 2022. Recall that President Buhari had…

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Nasarawa Assembly confirms 14 Commissioners

Abdul-Azeez Ahmed Kadir

The Nasarawa House of Assembly has confirmed as commissioners all the 14 nominees sent to it by Governor Abdullahi Sule. House Speaker Ibrahim Balarabe-Abdullahi announced their confirmation after they were screened on Wednesday in Lafia. The speaker urged the new commissioners to live above board while discharging their duties. “Those confirmed are Hon. Yakubu Kwanta -Akwanga, Hon. Yusuf Aliyu Turaki- Awe, Hajiya Aishatu Rufai Ibrahim- Awe, Hon. Salihu Enah- Doma, Prof. Umar Mika’il Gurku- Karu, Nuhu Ibrahim Oshafu-Keana. “Idris Mohammed Idris-Keffi, Mohammed Tanimu Sarki – Lafia, Abimiku Hannatu Bala- Lafia,…

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Senate decries ‘Envelope Budgeting’, laments abandonment of Ajaokuta Steel Project

Aminu Imam

The Senate has descended heavily on the Executive Arm for forwarding to the National Assembly on yearly basis, envelope budgeting for approval. The Senate expressed this through its Committee on Solid Minerals, Mine, Steel Development and Metallurgy during the Budget defence exercise. It also frowned at the abandonment of the Ajaokuta Iron and Steel Project, through non-provision of required budgetary provisions on yearly basis. Anger of the committee members on the envelope budgeting and abandonment of the Ajaokuta Steel project was triggered by proposed N23.4billion 2022 budget estimates, enveloped for…

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NIA gets N4.87bn budget to track, intercept mobile calls, chat messages

Aminu Imam

The National Assembly has approved a N4.87bn budget for the National Intelligence Agency, (NIA), to track, intercept and monitor calls and messages on mobile devices, including Thuraya and WhatsApp. Picture caption: Amb-Ahmed-Rufai-of-NIA-and-Gen-Samul-Adebayo-of-DMI The amount is part of the N895.8bn supplementary budget submitted by President Muhammadu Buhari last month and approved by both chambers of the National Assembly last week, after increasing it by about N87bn. The Budget, according to the Chairman, Senate Committee on Appropriation, Senator Barau Jibrin, is meant to procure equipment for the military and to fight further…

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