Fed Govt Agencies Fail To Remit N2.8trn Independent Revenue In Six Years   The Federal Government recorded a shortfall of N2.8tn in independent revenue from revenue generating agencies between 2015 and 2020, an analysis of data from the Budget Office has shown. According to the Fiscal Responsibility...

Senate Probes Budget Office Over N19bn Payment Without Approval   The Senate on Tuesday commenced investigation into alleged illegal payment of N19bn to four federal agencies, by the Budget Office. Officials of the Budget Office did not appear before the Senate Public Accounts Committee. SPAC, relying on the...

Budget Deficit Rises To N20.64trn Under Buhari     Budget deficit has risen to N20.64tn under president Muhammadu Buhari, according to analysed data from the budget office. The data covered periods from 2016 to 2020. According to the budget office, more than N7.97tn was borrowed from foreign and domestic...

We Have Have Serious Revenue problem Says Budget Office   Nigeria is currently facing a serious revenue problem, the Director of Budget in the Ministry of Budget and National Planning, Ben Akabueze, declared on Wednesday. Akabueze also revealed that the Nigerian National Petroleum Corporation was subsidising every...

Budget Padding: President Muhammadu Buhari’s avowed determination to punish culprits who smuggled foreign items into the 2016 budget and who caused both national and international embarrassment are back to work, Economic Confidential can report. Investigation by the Economic Intelligence Magazine indicates that the officials who...

Ptresident Muhammadu Buhari has ousted Director-General of the Budget Office, Mr. Yahaya Gusau, following the embarrassing discrepancies noted in the 2016 appropriation bill before the National Assembly. Following this development, the President has approved the appointment of Mr. Tijjani Abdullahi to replace Gusau,the President’s Special...