Buhari Orders MDAs to Defend Budget at NASS President Muhammadu Buhari, has directed ministries, agencies and departments (MDAs) yet to defend their 2018 budget proposal before the National Assembly (NASS) to do so without delay. The directive is to fasttrack the passage of the 2018 budget...

FG Releases N750bn Capital Projects Fund to MDAs The Federal Government has commenced the release of the N750 billion capital projects for 2017 to Ministries, departments and agencies(MDAs). Finance Minister, Mrs. Kemi Adeosun stated this in her budget defense when she appeared before Senate Committee on...

The Economic and Financial Crimes Commission (EFCC) on Thursday arraigned former Managing Director of the Nigeria Social Insurance Trust Fund (NSITF), Umar Munir Abubakar and four other top officials of the fund before an Abuja High Court in Apo over an N18billionfraud. Other defendants are...

Discos flay plans to escrow their accounts The Nigerian Electricity Regulatory Commission (NERC), is set to release a minimum recapitalisation level required to be met by core investors in the power sector. NERC identified capital adequacy as a major issue in the power sector, pointing out...

Recently, the Federal Government for the first time unveiled a rare programme aimed at consolidating the Federal Civil Service. It is the three-year Strategic Plan for the Civil Service. The then Acting President, Professor Yemi Osinbajo, who performed the unveiling ceremony at the Presidential...

Capital releases to Federal Ministries, Departments and Agencies (MDAs) for the 2016 budget, have reached a record N1 trillion, the highest ever budgetary releases in Nigeria’s annual funding for capital projects, Minister of Finance, Mrs. Kemi Adeosun has revealed. “So far, N1 trillion has been...