Budget Archives - Nairametrics https://nairametrics.com/category/economy/budget/ Destination for Business news and analysis from Africa's largest economy Wed, 05 Jun 2024 15:32:03 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Budget Archives - Nairametrics https://nairametrics.com/category/economy/budget/ 32 32 201037849 FG’s target revenue projected to decline by N3.89 trillion due to low oil production https://nairametrics.com/2024/06/05/fgs-target-revenue-projected-to-decline-by-n3-89-trillion-due-to-low-oil-production/ https://nairametrics.com/2024/06/05/fgs-target-revenue-projected-to-decline-by-n3-89-trillion-due-to-low-oil-production/#respond Wed, 05 Jun 2024 15:32:03 +0000 https://nairametrics.com/?p=490679 The federal government’s target revenue for 2024 is projected to decline by N3.89 trillion due to crude oil production not meeting the set target in the 2024 budget.

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]]> https://nairametrics.com/2024/06/05/fgs-target-revenue-projected-to-decline-by-n3-89-trillion-due-to-low-oil-production/feed/ 0 490679 Minister, former NCDMB boss clash over $500 million  investments, budget padding https://nairametrics.com/2024/04/24/minister-former-ncdmb-boss-clash-over-500-million-investments-budget-padding/ https://nairametrics.com/2024/04/24/minister-former-ncdmb-boss-clash-over-500-million-investments-budget-padding/#respond Wed, 24 Apr 2024 15:04:39 +0000 https://nairametrics.com/?p=486762 The Minister of State for Petroleum Resources, Sen. Heineken Lokpobiri, and the former Executive Secretary of the Nigerian Content Development Monitoring Board (NCDMB) Simbi Wabote, exchanged accusations over $500 million in investments and loans.

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]]> https://nairametrics.com/2024/04/24/minister-former-ncdmb-boss-clash-over-500-million-investments-budget-padding/feed/ 0 486762 President Tinubu dismisses N3.7 trillion budget padding claim, says Senate integrity remains intact https://nairametrics.com/2024/03/22/president-tinubu-dismisses-n3-7-trillion-budget-padding-claim-says-senate-integrity-remains-intact/ https://nairametrics.com/2024/03/22/president-tinubu-dismisses-n3-7-trillion-budget-padding-claim-says-senate-integrity-remains-intact/#respond Fri, 22 Mar 2024 08:57:32 +0000 https://nairametrics.com/?p=483694 President Bola Tinubu has dismissed claims that the Senate added more than N3.7 trillion to the 2024 budget, asserting that the legislative body’s reputation remains unblemished.

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]]> https://nairametrics.com/2024/03/22/president-tinubu-dismisses-n3-7-trillion-budget-padding-claim-says-senate-integrity-remains-intact/feed/ 0 483694 Senate increases 2024 FCT budget by N135 billion, approves N1.28 trillion https://nairametrics.com/2024/03/20/senate-increases-2024-fct-budget-by-n135-billion-approves-n1-28-trillion/ https://nairametrics.com/2024/03/20/senate-increases-2024-fct-budget-by-n135-billion-approves-n1-28-trillion/#respond Wed, 20 Mar 2024 05:35:56 +0000 https://nairametrics.com/?p=483417 The Senate has approved the 2024 Statutory Budget for the Federal Capital Territory (FCT), amounting to N1.282 trillion- an increase of N135 billion from the figure initially proposed by the Ministry of FCT.  

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]]> https://nairametrics.com/2024/03/20/senate-increases-2024-fct-budget-by-n135-billion-approves-n1-28-trillion/feed/ 0 483417 FG’s rising revenue still falls short of budget target by 47% in January 2024 - Lamido Yuguda   https://nairametrics.com/2024/03/19/fgs-rising-revenue-still-falls-short-of-budget-target-by-47-in-january-2024-lamido-yuguda/ https://nairametrics.com/2024/03/19/fgs-rising-revenue-still-falls-short-of-budget-target-by-47-in-january-2024-lamido-yuguda/#respond Tue, 19 Mar 2024 20:05:41 +0000 https://nairametrics.com/?p=483391 A member of the Monetary Policy Committee (MPC) and the Director General of the Securities & Exchange Commission (SEC) Nigeria, Lamido Yuguda, has disclosed that the Federal Government's retained revenue in January 2024 fell short of its budget target by 47%. 

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]]> https://nairametrics.com/2024/03/19/fgs-rising-revenue-still-falls-short-of-budget-target-by-47-in-january-2024-lamido-yuguda/feed/ 0 483391 Egypt allocates $2.6bn for bread subsidies in 2024/2025 budget  https://nairametrics.com/2024/03/19/egypt-allocates-2-6bn-for-bread-subsidies-in-2024-2025-budget/ https://nairametrics.com/2024/03/19/egypt-allocates-2-6bn-for-bread-subsidies-in-2024-2025-budget/#respond Tue, 19 Mar 2024 17:52:48 +0000 https://nairametrics.com/?p=483374 Egypt will allocate $2.66bn for bread subsidies in its 2024/2025 Budget and $3.13 billion in petroleum products subsidies according to a statement by Mohamed Mait, the country’s Finance minister.

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]]> https://nairametrics.com/2024/03/19/egypt-allocates-2-6bn-for-bread-subsidies-in-2024-2025-budget/feed/ 0 483374 Rehabilitation of Abuja light rail to gulp N29 billion in 2024 FCT budget   https://nairametrics.com/2024/03/19/rehabilitation-of-abuja-light-rail-to-gulp-n29-billion-in-2024-fct-budget/ https://nairametrics.com/2024/03/19/rehabilitation-of-abuja-light-rail-to-gulp-n29-billion-in-2024-fct-budget/#respond Tue, 19 Mar 2024 15:25:09 +0000 https://nairametrics.com/?p=483350 In the proposed FCT Statutory Budget of N1.15 trillion, N29 billion has been allocated to the ongoing rehabilitation of the Abuja Light Rail project. 

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]]> https://nairametrics.com/2024/03/19/rehabilitation-of-abuja-light-rail-to-gulp-n29-billion-in-2024-fct-budget/feed/ 0 483350 Peter Obi demands complete review of 2024 budget amid budget Padding controversy https://nairametrics.com/2024/03/18/peter-obi-demands-complete-review-of-2024-budget-amid-budget-padding-controversy/ https://nairametrics.com/2024/03/18/peter-obi-demands-complete-review-of-2024-budget-amid-budget-padding-controversy/#respond Mon, 18 Mar 2024 09:42:59 +0000 https://nairametrics.com/?p=483184 Peter Obi, the Labour Party’s candidate in the 2023 general election, has demanded a comprehensive review of the 2024 budget in light of the recent scandal involving a purported N3.7 trillion padding by the Senate.

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]]> https://nairametrics.com/2024/03/18/peter-obi-demands-complete-review-of-2024-budget-amid-budget-padding-controversy/feed/ 0 483184 Budget padding controversy: “I got up to N1 billion in constituency project allocation” – Sen. Ned Nwoko   https://nairametrics.com/2024/03/17/budget-padding-controversy-i-got-up-to-n1-billion-in-constituency-project-allocation-sen-ned-nwoko/ https://nairametrics.com/2024/03/17/budget-padding-controversy-i-got-up-to-n1-billion-in-constituency-project-allocation-sen-ned-nwoko/#respond Sun, 17 Mar 2024 07:38:02 +0000 https://nairametrics.com/?p=483110 Ned Nwoko, the senator for Delta North senatorial district, has disclosed that he receives more than N1 billion for constituency projects.  

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]]> https://nairametrics.com/2024/03/17/budget-padding-controversy-i-got-up-to-n1-billion-in-constituency-project-allocation-sen-ned-nwoko/feed/ 0 483110 FG to provide N100 billion for CNG vehicles, N60 billion for student loans  https://nairametrics.com/2024/03/15/fg-to-provide-n100-billion-for-cng-vehicles-n60-billion-for-student-loans/ https://nairametrics.com/2024/03/15/fg-to-provide-n100-billion-for-cng-vehicles-n60-billion-for-student-loans/#respond Fri, 15 Mar 2024 06:13:21 +0000 https://nairametrics.com/?p=482908 The federal government has stated it has earmarked around N100 billion as Energy Transition Fund to provide Compressed Natural Gas (CNG) vehicles to Nigerians as well as N60 billion for the now postponed student loan program.  

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]]> https://nairametrics.com/2024/03/15/fg-to-provide-n100-billion-for-cng-vehicles-n60-billion-for-student-loans/feed/ 0 482908 Ningi: Peter Obi urges Senate to clarify allegations of N3.7 trillion budget padding to Nigerians   https://nairametrics.com/2024/03/13/ningi-peter-obi-urges-senate-to-clarify-allegations-of-n3-7-trillion-budget-padding-to-nigerians/ https://nairametrics.com/2024/03/13/ningi-peter-obi-urges-senate-to-clarify-allegations-of-n3-7-trillion-budget-padding-to-nigerians/#respond Wed, 13 Mar 2024 17:03:53 +0000 https://nairametrics.com/?p=482703 Peter Gregory Obi, the former governor of Anambra State, has charged the Senate to provide clarity on the claim made by Senator Abdul Ningi that an extra N3.7 trillion was added to the 2024 budget. 

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]]> https://nairametrics.com/2024/03/13/ningi-peter-obi-urges-senate-to-clarify-allegations-of-n3-7-trillion-budget-padding-to-nigerians/feed/ 0 482703 Presidency clarifies claims of operating different version of the 2024 budget https://nairametrics.com/2024/03/10/presidency-clarifies-claims-of-operating-different-version-of-the-2024-budget/ https://nairametrics.com/2024/03/10/presidency-clarifies-claims-of-operating-different-version-of-the-2024-budget/#respond Sun, 10 Mar 2024 19:05:39 +0000 https://nairametrics.com/?p=482259 The Presidency has clarified claims by Senator Abdul Ningi that President Tinubu is operating a different version of the 2024 budget passed by the National Assembly.

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]]> https://nairametrics.com/2024/03/10/presidency-clarifies-claims-of-operating-different-version-of-the-2024-budget/feed/ 0 482259 Senate plans bill to establish new budget office at National Assembly  https://nairametrics.com/2024/03/02/senate-plans-bill-to-establish-new-budget-office-at-national-assembly/ https://nairametrics.com/2024/03/02/senate-plans-bill-to-establish-new-budget-office-at-national-assembly/#comments Sat, 02 Mar 2024 08:48:51 +0000 https://nairametrics.com/?p=481481 The Senate has advanced a bill aimed at establishing the National Assembly Budget and Research Office (NABRO).

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]]> https://nairametrics.com/2024/03/02/senate-plans-bill-to-establish-new-budget-office-at-national-assembly/feed/ 1 481481 Lagos state has capacity for N20 trillion debt- Sanwo-Olu  https://nairametrics.com/2024/02/22/lagos-state-has-capacity-for-n20-trillion-debt-sanwo-olu/ https://nairametrics.com/2024/02/22/lagos-state-has-capacity-for-n20-trillion-debt-sanwo-olu/#comments Thu, 22 Feb 2024 16:58:54 +0000 https://nairametrics.com/?p=480596 Babajide Sanwo-Olu has allayed the fears of residents of the state who complain about the state’s high debt stating that Lagos has the capacity for a debt burden of N20 trillion.  

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]]> https://nairametrics.com/2024/02/22/lagos-state-has-capacity-for-n20-trillion-debt-sanwo-olu/feed/ 1 480596 2024 Nigerian budget is insufficient to boost economy amid naira devaluation – Experts  https://nairametrics.com/2024/02/13/2024-nigerian-budget-is-insufficient-to-boost-economy-amid-naira-devaluation-experts/ https://nairametrics.com/2024/02/13/2024-nigerian-budget-is-insufficient-to-boost-economy-amid-naira-devaluation-experts/#respond Tue, 13 Feb 2024 12:38:12 +0000 https://nairametrics.com/?p=479794 Financial analysts at FSL Securities Limited have said that with the current naira devaluation, the 2024 budget size is insignificant to drive the economy.

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]]> https://nairametrics.com/2024/02/13/2024-nigerian-budget-is-insufficient-to-boost-economy-amid-naira-devaluation-experts/feed/ 0 479794 FG allocates N1.3 trillion, 4.6% of its 2024 fiscal year budget to Nigeria’s health sector  https://nairametrics.com/2024/02/01/fg-allocates-n1-3-trillion-4-6-of-its-2024-fiscal-year-budget-to-nigerias-health-sector/ https://nairametrics.com/2024/02/01/fg-allocates-n1-3-trillion-4-6-of-its-2024-fiscal-year-budget-to-nigerias-health-sector/#respond Thu, 01 Feb 2024 04:37:12 +0000 https://nairametrics.com/?p=478771 The Federal Government has earmarked a total of N1,336,263,783,101 for the health sector in the 2024 fiscal year budget of N28,777,404,073,861.  

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]]> https://nairametrics.com/2024/02/01/fg-allocates-n1-3-trillion-4-6-of-its-2024-fiscal-year-budget-to-nigerias-health-sector/feed/ 0 478771 LASG to spend N550.68 billion on infrastructure advancement in 2024  https://nairametrics.com/2024/01/31/lasg-to-spend-n550-68-billion-on-infrastructure-advancement-in-2024/ https://nairametrics.com/2024/01/31/lasg-to-spend-n550-68-billion-on-infrastructure-advancement-in-2024/#respond Wed, 31 Jan 2024 17:17:20 +0000 https://nairametrics.com/?p=478749 The Lagos State Government plans to allocate N550.689 billion, constituting 24.28% of its 2024 budget, for infrastructure development and maintenance.  

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]]> https://nairametrics.com/2024/01/31/lasg-to-spend-n550-68-billion-on-infrastructure-advancement-in-2024/feed/ 0 478749 Nigeria spends 418% more buying foreign weapons in 2023 https://nairametrics.com/2024/01/31/nigeria-spends-418-more-buying-foreign-weapons-in-2023/ https://nairametrics.com/2024/01/31/nigeria-spends-418-more-buying-foreign-weapons-in-2023/#respond Wed, 31 Jan 2024 11:18:24 +0000 https://nairametrics.com/?p=478695 Nigeria has recorded a dramatic escalation in its spending on arms, with weapons import climbing by a staggering 418% between 2022 and 2023, according to an analysis of the National Bureau of Statistics’ (NBS) foreign trade reports. This surge in defence expenditure, ostensibly aimed at curbing the rampant insecurity plaguing the nation, raises critical questions […]

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]]> https://nairametrics.com/2024/01/31/nigeria-spends-418-more-buying-foreign-weapons-in-2023/feed/ 0 478695 “Budget allocation of 5% is inadequate for Nigerian health sector”- MDCAN   https://nairametrics.com/2024/01/29/budget-allocation-of-5-is-inadequate-for-nigerian-health-sector-mdcan/ https://nairametrics.com/2024/01/29/budget-allocation-of-5-is-inadequate-for-nigerian-health-sector-mdcan/#respond Mon, 29 Jan 2024 11:52:26 +0000 https://nairametrics.com/?p=478521 The Medical and Dental Consultants’ Association of Nigeria (MDCAN) has criticised the federal government over the current 5% budgetary allocation to the health sector, emphasizing that it falls short of addressing the sector's myriad challenges.  

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]]> https://nairametrics.com/2024/01/29/budget-allocation-of-5-is-inadequate-for-nigerian-health-sector-mdcan/feed/ 0 478521 Presidency gets N69.22 million for trips during COP28, budgets N50 million for COP29 https://nairametrics.com/2024/01/24/presidency-gets-n69-22-million-for-trips-during-cop28-budgets-n50-million-for-cop29/ https://nairametrics.com/2024/01/24/presidency-gets-n69-22-million-for-trips-during-cop28-budgets-n50-million-for-cop29/#respond Wed, 24 Jan 2024 09:21:30 +0000 https://nairametrics.com/?p=478077 The Presidency through the State House has received about N69.22 million for presidential trips during the COP28 Climate Summit in Dubai, UAE, in December 2023, according to data from GovSpend.

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]]> https://nairametrics.com/2024/01/24/presidency-gets-n69-22-million-for-trips-during-cop28-budgets-n50-million-for-cop29/feed/ 0 478077