Budget: FG to spend N1.16tn more in 2018

President Muhammadu Buhari   The country’s national budget will rise by N1.16tn in 2018, according to projections contained in the 2018-2020 Medium Term Expenditure Framework and Fiscal Strategy submitted to the National Assembly by President Muhammadu Buhari. The President forwarded the MTEF/FSP to the National Assembly on Tuesday, with a covering letter read to members […]

Budget row: Fashola apologises to reps panel

Minister of Power, Works and Housing, Babatunde Fashola   The Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Friday, apologised to members of the National Assembly over his comments, following his post-budget row with members of the House of Representatives. “If my statements caused any discontentment; that was not my intention. I certainly […]

At last Osinbajo signs 2017 budget, explains delay

Acting President Yemi Osinbajo on Monday finally signed the 2017 Appropriation Act into law in the presence of the principal officers of the National Assembly and other top government officials. The budget, christened: ‘Budget of Economic Recovery and Growth’, has a revenue projection of N5.08tn and an aggregate expenditure of N7.44tn. The projected fiscal deficit […]