Posts Tagged ‘#2016Budget’

2016 Budget Faces Financial Set Back After Oil Pipeline Vandals, May Lose N1.4trn

by Breaking Timeson May 9, 2016
The 2016 national budget just signed into law by President Muhammadu Buhari may have started suffering a major cash flow set back from oil revenue as prices shed $5 per barrel as at last weekend while output dropped further due to Chevron facility bombing just before the budget was signed, Friday. The Federal Government had […]

2016 Budget: Saraki Assures Nigerians of  Adequate  Oversight

by Breaking Timeson May 6, 2016
Senate President, Dr. Abubakar Bukola Saraki has commended Nigerians for their patience while awaiting presidential assent to the 2016 Appropriation Act and promised that the National Assembly will ensure its proper implementation through diligent oversight. In a statement released by the Special Adviser Media and Publicity to the President of the Senate, Yusuph Olaniyonu, Senator Bukola Saraki […]

2016 BUDGET| 386 Projects Dubiously Inserted in Agric Ministry’s Budget

by Breaking Timeson April 18, 2016
The move by the present administration to make the agricultural sector its main focus against the backdrop of dwindling oil revenue appears to have suffered a setback as fresh revelations have shown a drastic reduction in the 2016 budgetary allocation for the sector by the National Assembly. Besides the ministry’s initial N40.918 billion budget proposal […]

#2016Budget 25 Random Observations – By @MrAyedee

by Breaking Timeson February 4, 2016
Let’s start with the State House, Nigeria’s seat of Executive Power 1. N536,295,924- Linking Cables to Driver’s Rest Room at Aso Rock 2. N33,277,595- Stage Curtains + Electrical Drive at Aso Rock 3. N3,914,197,062- Annual routine maintenance at Aso Rock 4. N1,559,911,748 Electrical work at Aso Rock 5. #3 and #4 above come to • […]