Jonathan signs budget sixty days after passage

Sixty eight days after the National Assembly passed the 2013 Appropriation Bill, President Goodluck Jonathan yesterday signed the bill into law, in a major twist to the controversy over the financial plan. Before the Presidential action, there was tension as the House of Representatives. The lawmakers went into a two-hour closed-session where they decided to […]

I ‘ll not sign 2013 budget –Jonathan

From Iheanacho Nwosu, Abuja President Goodluck Jonathan has told the leadership of the National Assembly that he will not sign the 2013 budget, Daily Sun learnt yesterday, even as the leadership of the Senate, that of House of Representatives and officials of Ministries, Departments and Agencies of Government (MDAs) will meet at 2pm today to […]

Reps summon Okonjo-Iweala, Sanusi, Budget Office D-G

By IHEANACHO NWOSU and CHUKS AKUNNA, Abuja The House of Representatives has summoned the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, Central Bank of Nigeria(CBN) Governor, Mr. Sanusi Lamido Sanusi and Director-General of Budget Office in the Presidency, Dr. Bright Okongwu, over allegation that they prevented the audit of the […]

2013 budget: Experts worry about implementation

Economic and budgeting experts have expressed worries over the ability of the Federal Government to successfully implement the 2013 budget, which was presented to a joint session of the National Assembly on Wednesday, saying its performance on the current fiscal year leaves room for concern. According to the experts, the government must ensure that it […]

2013 budget: Jonathan, N’Assembly reach truce

Presentation now holds next week From ADETUTU FOLASADE-KOYI, Abuja Finally, the presidency and the leadership of the National Assembly have reached a truce on the 2013 budget. Barring any change of plans, President Goodluck Jonathan would present estimates of the 2013 Appropriation Bill to the National Assembly next week. Senate Leader, Victor Ndoma-Egba made the […]

2012 budget: Okonjo-Iweala brokers deal with lawmakers

By SONI DANIEL, ASSISTANT EDITOR ABUJA— There were indications last night that the National Assembly might be favourably disposed to extending the deadline for the full implementation of the 2012 budget to the end of the year. By implication, the lawmakers were no longer in the mood to impeach the President over the poor implementation […]

Capital projects: FG releases additional N300bn for 3rd quarter

THE Federal Government, on Thursday, announced the release of additional N300 billion for 2012 third quarter capital, bringing the total money released in the 2012 budget for capital projects to N704 billion. Coordinating Minister of the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala, while briefing the media in Abuja, also put 2012 budget implementation […]

Slow budget implementation: Presidency shifts blame to N-Assembly

By Ben Agande Abuja — The Presidency, yesterday, shifted the blame for the slow implementation of the 2012 budget to the doorstep of the National Assembly, saying the insertion of constituency projects by the legislature into the original copy of the budget has significantly altered the budget. Minister of Finance, Dr Ngozi Okonjo-Iweala, who addressed […]

Budget: North rejects Southsouth’s vote

Hon.Tambuwal Reps plan to summon Okonjo-Iweala   IT was meant to fast track development, rebuild infrastructure and create jobs. But this year’s budget has, even before it takes off, become a document of acrimony. The Northern Caucus of the House of Representatives is protesting against the capital allocation to the Southsouth as against the share […]

The Fleecing of Nigeria continues: Nigeria’s VP Namadi Sambo to Spend $20 Million on Travels and Office Stationery in 2012

  Namadi Sambo By Nuruddeen M. Abdallah Vice President Muhammad Namadi Sambo plans to spend N1.7 billion (approximately $10.3Million) on trips in 2012 and N1.3 (approximately $9.7 million) billion on office stationeries, Daily Trust findings reveal. ​The office of the vice president, according to the 2012 budget estimates, would spend N1, 674, 811, 793 on […]

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