The Senate has extended the implementation year of the 2021 Appropriation Act from 31st March to 31st May, 2022. The extension was approved following the consideration of a bill to amend the 2021 Appropriation Act. The Senate before considering the bill suspended Rule 78(1) of the Senate Standing Orders 2022 (as amended), to enable the…
The Kwara State Government has won $16.9m worth of achievements in the 2019/2020 World Bank-supported State Fiscal Transparency, Accountability and Sustainability (SFTAS) programme for results —the highest ever achieved by the state since the initiative began in 2018. A statement by the Press Secretary, Ministry of Finance and Planning revealed that the awards came after…
In a bid to ensure a January to December budget calendar, President Muhammadu Buhari on Thursday signed the 2021 budget into law at the Council Chambers of the State House in Abuja. The president signed the 2021 Appropriation Bill of N13,588,027,886,175 which is N505 billion higher from the initial figures presented by the president on…
The National Assembly on Monday at a special plenary session passed the 2021 Budget totalling N13.588 trillion, N505 billion higher than the proposed figures presented by President Muhammadu Buhari. The President had on October 5, 2020 submitted a budget termed ‘budget of economic recovery and resilience’ of N13.082 trillion to a joint session of the…
The Oyo state Governor, Seyi Makinde yesterday presented the 2021 budget proposal of N266.6billion to the State House of Assembly with the education sector getting the highest share. The education sector was allocated a sum of N56.4billion, which represents 21 per cent of the total budget estimate thereby surpassing the recommendation of the United Nations…
The Lagos state Governor, Babajide Sanwo-Olu on Tuesday announced plans to abolish the Public Office Holder (Payment of Pension Law 2007) Act in the state. The law provides for the payment of pension and other entitlements to former governors and their deputies. Abolishment of the Payment of Pension Law 2007 will mean the stoppage of…
President of the Senate, Ahmad Lawan, said on Monday that the 2021 budget which is yet being processed by the National Assembly should be mindful of the youth unemployment in the country. He challenged his colleagues in positions of authorities to be proactive in responding to issues of youth employment and empowerment so as to…
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has stated that the Mambilla Power Project was not removed from the budget of the Ministry of Power. However, she explained that the ministry did not prioritise the project in its 2021 budget, thereby exonerating the ministry from the report suggesting that the Mambilla Power…
The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved N13.09 trillion budget estimate for 2021 fiscal year. Briefing State House Correspondents after the meeting, the Minister of Finance, Budget and National Planning, Zainab Ahmed, said the budget estimate is made up of N2.083 trillion capital expenditure, which she described as…
The total expenditure of the presidency has been slash down to N10 billion for the 2021 fiscal year. This is 35 percent lower compared with N15.3 billion of the revised 2020 budget passed by the National Assembly. This was disclosed in a statement by the Deputy Director of Information at the State House, Attah Isa…