Nigeria may lose six months of 2017 budget to change fiscal calendar
The budget minister appeared before a Senate committee.
The budget minister appeared before a Senate committee.
The ministry of power, works and housing got the largest share of the released sum.
The speaker says refusing the implement the budget has consequences.
The estimate is N42 billion more than was budgeted for 2016 by his predecessor, Olusegun Mimiko.
The former governor speaks of how officials tried to sell a N750-worth of paper for N15,000.
The acting president issues an executive order demanding powerful revenue-generating agencies to comply with the Fiscal Responsibility Act.
The minister also said “Nigeria is coming out of recession.”
The 2017 budget was increased by the lawmakers by about N143 billion.
The federal government had approved a N20 billion allocation for the Amnesty Programme in the 2016 budget.
Mr. Lawan says the newly nominated ministerial nominees will also be screened next week.
"As the figures show, there is no security vote for the Governor of Kaduna State.”
“With this 2017 budget, everything will be resolved. I can guarantee that,” the Speaker said.
"We want to equip journalists with knowledge and skills that would enable them properly scrutinise..."
The National Assembly has refused to disclose details of its own budget to Nigerians.
The minister says there is the possibily of getting more end of fiscal year.
“From the budget, a total of N226.48 billion representing 75.2 per cent of the budget is for capital expenditure."
A total of N507.816billion has been earmarked for capital expenditure, while N305.182billion is for recurrent expenditure.
"I cannot force Oyo or any of these states that have financial hardship to pay you(resident doctors), we can only ...
The budget showed an increase of 21.2 per cent over 2016 budget.
For the second year running, the education sector got the highest allocation.
The budget is lower than the figure approved for 2016.
The budget has 66.53 per cent capital expenditure.
“The recurrent expenditure in the 2017 budget is N47.7 billion, while the capital expenditure is N92.5billion."
The budget is seven per cent lower than the 2016 budget.
“Every segment of the society must be educated and have a right to education."
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