Budget |

Rivers State Administrator Blames Withheld Records For Budget Discrepancies Amid Emergency Rule

Kingsley Chukwu8 months ago03 mins

Rivers State’s Sole Administrator, Vice-Admiral Ibok-Ete Ibas (Rtd), has alleged that officials from the suspended state government deliberately concealed financial data, undermining efforts to construct a transparent 2025 budget. Addressing the House of Representatives’ Ad-Hoc Oversight Committee on Wednesday, Ibas claimed the missing financial disclosures obstructed accurate reporting of expenditures made during the first quarter…

Sokoto: Budget Director Bags ‘2024 Most Outstanding Public Administrator Award’

Kingsley Chukwu8 months ago03 mins

The Director of Budget at the Sokoto State Ministry of Budget and Economic Planning, Buhari Umar, has been named the ‘2024 Most Outstanding Public Administrator of the Year’ by the Champion Newspapers. The prestigious award, announced earlier this week, recognised Umar’s exceptional leadership in Public Finance Management, Transparency, and Policy Implementation, establishing him as one…

N6.9trn Budget Padding: Nigeria Reduced To Crime Scene – Obi

Kingsley Chukwu9 months ago05 mins

The Labour Party presidential candidate in the 2023 election, Peter Obi, said relentless corruption has reduced Nigeria to a crime scene. Obi, who stated this in reaction to the huge budget fraud uncovered by the BudgIT in the 2025 federal budget, said Nigeria has remained a relentless scene of corruption. BudgIT had revealed budget padding…

Reps Pass N1.78trn FCT’s 2025 Budget For Second Reading

Kingsley Chukwu9 months ago03 mins

The House of Representatives on Tuesday passed through second reading, the N1.78 trillion budget (Appropriation Bill) of the Federal Capital Territory (FCT) for the 2025 fiscal year. Out of the total amount, N150.35 billion is for personnel costs and the sum of N343.77 billion is for overhead costs while the balance of N1.28 trillion is…

Wike Claims 95% Budget Implementation Progress In FCT

Kingsley Chukwu10 months ago02 mins

Minister of the Federal Capital Territory (FCT), Nyesom Wike, has said that his administration has achieved an unprecedented 90 to 95 percent implementation of the 2024 budget. This significant milestone, he noted, has never been reached before. Wike made this declaration yesterday during a media briefing after his inspection of several major ongoing projects in…

Rivers Crisis: I’m Ready To Re-Present Budget, Says Fubara

yunusa11 months ago02 mins

Rivers State Governor, Siminalayi Fubara, has said he is ready to re-present the 2025 budget to the state House of Assembly whenever the lawmakers are prepared. Fubara stated this on Wednesday while speaking to residents of Khana Local Government Area during the commissioning of health facilities. This came shortly after he was denied entry into…

Scholz, Merz Hold Talks Ahead Of EU Summit, Budget Deal

Kingsley Chukwu11 months ago01 mins

High-level talks between leaders of Germany’s centre-left Social Democrats (SPD) and the winners of the recent elections, the centre-right CDU/CSU bloc, continued in Berlin on Wednesday. Outgoing German Chancellor Olaf Scholz of the SPD met for an hour and a half with CDU chairman Friedrich Merz, widely expected to replace him as chancellor. Alexander Dobrindt,…

Senate To Receive 2025 Budget Report For Final Consideration

Kingsley Chukwu12 months ago02 mins

The President of the Senate, Godswill Akpabio, has announced that the budget defense report for the N54.2 trillion 2025 budget will be presented to the Senate in plenary. He confirmed that members of the Committee on Appropriations will present the report either Wednesday or Thursday this week. Akpabio made this statement on Tuesday during plenary,…

Supreme Court Dismisses Governor’s Appeal On 2024 Budget – Rivers Govt

Kingsley Chukwu12 months ago06 mins

The Rivers Government says that the Supreme has dismissed Rivers government appeal on 2024 budget but did not reinstate Martin Amaewhule and 26 others as members of the State Assembly, The State Attorney General and Commissioner for Justice, Dagogo Iboroma,(SAN), stated this in a press conference in Port Harcourt organised to correct the wrong media…

2025 Budget: Additional N4.5 trn For BOA, BOI Recapitalisation Commendable – Uwaleke

Kingsley Chukwu12 months ago04 mins

A Financial Expert, Prof. Uche Uwaleke, has commended the Federal Government for the additional N4.5 trillion in the 2025 budget proposal to strengthen development finance institutions. Uwaleke, a Professor of Capital Market and the President of Capital Market Academics of Nigeria gave the commendation in an interview with the News Agency of Nigeria (NAN) on…