2021 Budget: MDAs To Get N20bn For Electricity, Local Contractors       The Federal Government plans to settle the electricity bills of its ministries, departments and agencies with N5bn and offset the debts of local contractors with N15bn in 2021. It also plans to settle ex-workers of the...

Agencies Illegally Took N5.8trn From FG Account – Report     The Nigerian National Petroleum Corporation (NNPC), the Department of Petroleum Resources (DPR) and the Federal Inland Revenue Service (FIRS), have made illegal deductions from the Federation Account estimated at N5.786 trillion between 2014 and 2017, said...

MDAs Remitted N1.8trn In Twelve Years – FRC       The Acting Chairman of the Fiscal Responsibility Commission, Victor Muruako, has said more than N1.8tn has been remitted into the Consolidated Revenue Fund in the last 12 years as operating surplus by Ministries, Departments and Agencies. He said...

FG Reviews Treasury Forms, Accounting Documents In MDAs     The Office of the Accountant General of the Federation on Thursday announced the commencement of a comprehensive review of treasury forms and other accounting source documents in use in all federal ministries, departments and agencies. It said the...

122 MDAs Fail To Remit N1.2trn Operating Surpluses - FRC       The non-remittance of revenue by most ministries, departments and agencies of government to the Consolidated Revenue Funds of the Federal Government is currently N1.2tn, the Fiscal Responsibility Commission said on Monday. The FRC is responsible for...

Fed Govt Kick-starts 2021 Budgetary Process   The federal government has commenced preparation of its 2021 budget, as the Ministry of Finance, Budget and National Planning has received anticipated personnel costs for next year, from various Ministries, Departments and Agencies, MDAs. This followed the Personnel Cost Budget...