Posts Tagged ‘2016 Budget’

Low Oil Prices led to Poor Implementation of 2016 Budget – Buhari

President Muhammadu Buhari has explained that global drop in oil prices has affected implementation of 2016 budget. In his speech to the joint session of the federal legislators which is still ongoing, he explained that the current administration was confronting challenges it did not create, while noting that they remain focused on the development of […]

2016 BUDGET| FCT Emerges as Highest Beneficiary of Capital projects

The North Central region will receive the sum of N271.79 billion for the implementation of capital projects, according to the breakdown of the 2016 Appropriations Act signed into law by President Muhammadu Buhari. Details of the capital allocation was contained in the National Assembly Budget and Research Office (NABRO) seen at the National Assembly by […]

FG To Commence Release of Capital Expenditure For 2016 Budget

The Federal Government will today commence the release of capital expenditure for the 2016 Budget just as it explained the timeline for implementation of the fiscal policy document. Minister of Budget and National Planning, Udo Udoma, announced this yesterday at the Presidential Villa while giving a breakdown of the 2016 budget, christened ‘Budget of Change’. […]

Budget Impasse: Rivers APC Throws Weight behind President Buhari

…..Pleads with NASS Not to Play Politics with the Budget and to Restore Removed Portions The All Progressives Congress (APC) in Rivers State has thrown its weight behind President Muhammadu Buhari’s decision to return the 2016 Budget to the National Assembly and not to assent to it until the lawmakers restore the removed portions. Rivers APC […]

Stop the Bickering, Sign the Budget as Passed – Senate Advises Buhari

The Senate has asked Pres­ident Muhammadu Bu­hari to endorse the 2016 Appropriation Bill as passed by the two chambers of the National Assembly, instead of en­gaging in an avoidable bickering with the legislature. The upper chamber, which re­sumed from the Easter recess on Tuesday, went into a closed-door session which lasted for over an hour, […]

NASS Sends Details of 2016 Budget to Presidency

The Appropriation Committees of the Senate and House of Representatives have submitted the details of the 2016 Appropriation Bill to the Clerk of the National Assembly for onward transmission to the Presidency. In a statement jointly signed by the chairmen of the Appropriation Committees of the Senate and House of Representatives, Danjuma Goje and Abdulmumin […]