FG Released N1.95trn To MDAs For Capital Projects In 2020 - FRC   Over N1.95 trillion was released and cash-backed to ministries, departments and agencies (MDAs) by the Federal Government in its 2020 budget implementation. This was contained in the 2020 Fiscal Responsibility Commission’s (FRC) yearly report...

Senate President Threatens MDAs With Zero Allocation   The President of the Senate, Ahmad Lawan, has issued a one-week ultimatum to Federal Government’s Ministries, Departments and Agencies which have not appeared before relevant committees of the red chamber to defend their budget proposal for 2022, to...

Banks, Insurance Firms To Generate N22.6bn From MDAs   Deposit Money Banks and insurance companies are expected to rake in the sum of N22.6bn in bank charges and insurance premiums from Ministries, Departments and Agencies of the Federal Government in 2022. This was according to an analysis...

Fed Govt Budgets N104bn To maintain, Purchase Generators In 2022   Ministries, Departments and Agencies of the Federal Government will in 2022 spend an estimated N104bn on purchasing generators, fuelling and servicing them. The N104bn which will be spent on generators due to the country’s unstable power...

Reps Fault Budget Deficit, Loans, Threaten MDAs     The House of Representatives on Wednesday began the second reading of the 2022 Appropriation Bill during which members debated the general principles of the national budget. The lawmakers took turns to criticise the internal and external borrowings by the...

MDAs Must Generate N1trn Annually To Fund Budget - Lawan   Senate President Ahmad Lawan, yesterday, said the National Assembly would henceforth mount more pressure on revenue-generating agencies to ensure that they remit N1trillion yearly to enable the Federal Government fund its budget. Lawan stated this after...