The Federal Government has approved the sum of N800 million each for 35 states of the Federation totalling N28 billion to help them meet salaries, pension and other infrastructure obligations.
Out of the 36 states, only Lagos State was excluded from the loan.
The package was...
The House of Representatives on Thursday said it approved the $5.5 billion loan request from the executive because President Muhammadu Buhari is trustworthy and keeps to his words.
It said that the approval was in spite of the nation’s rising debt profile.
Recall that both chambers...
President Muhammadu Buhari will present the 2018 Appropriation Bill to a joint session of the National Assembly.
The Federal Government plans to spend about N8.6tn next year, a jump of about 15 per cent from the N7.44tn budgeted for the current year.
The figures were contained...
President Muhammadu Buhari has approved the payment of pension to police officers who served in the defunct Biafran Police and who were equally granted presidential pardon in 2000.
The Pension Transitional Arrangement Directorate (PTAD) on Wednesday announced that about 162 of such retired police officers and 57...
President Muhammadu Buhari has submitted the 2018-2020 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF-FSP) to the House of Representatives in a bid to ensure the timely passage of the 2018 budget.
Speaker Yakubu Dogara read the correspondence from the President dated October 9,...
Due Process: Between Security Votes and Oil Contracts
By Yushau A. Shuaib
Successive administrations in Nigeria, including the current one claim to promote transparency and accountability by following due process in financial dealings and public procurements. Nevertheless, governments at all levels avoid strict compliance with standard...
