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FG Approves 2018 Draft Budget

Abuja – The Federal Executive Council (FEC) has approved 2018 draft budget proposal, Road Trust Fund (RTF) and the construction of 14-kilometre 330KVA transmission line to evacuate power from Azura power plant in Edo State. These were the decisions taken by the council at its...

N’Assembly Expresses Dissatisfaction Over Poor Capital Releases

Members of the House of Representatives are unimpressed with what they term “poor capital releases” for the 2017 budget just as President Muhammadu Buhari is set to lay the 2018 estimates before the National Assembly. The 2017 budget of N7.441tn has a capital component of...

Bail-Out Funds to States Illegal – Hamman Tukur Ex-Chair RMAFC

Bail-Out Funds to States Illegal - Hamman Tukur Ex-Chair RMAFC Engr. Hamman Tukur was the longest serving Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) where he served for ten years in two tenures. He left a mark and impact that was felt...

$5.5bn Loan: Buhari Seeks Senate’s Approval

President Muhammadu Buhari has sought the Senate's approval of a request to borrow $5.5 billion. President Buhari, in a letter dated 4th October, 2017 and read by Senate President Abubakar Bukola Saraki, asked the lawmakers to give their nod to the request. Titled “Request for the...

Full text of President Muhammadu Buhari’s Independence Day speech

My dear Nigerians, October 1st remains a special date for all Nigerians as this marks the day when we attained one of the most precious of human desires — freedom. Over the years the country has gone through trials and tribulations, but October 1st is always...

Buhari in High Spirit, Recovering Fast- Osinbajo

Acting President Yemi Osinbajo has said that President Muhammadu Buhari is in good spirit and recuperating very fast. He made the disclosure to State House correspondents just before entering the Council Chamber to start the weekly Federal Executive Council (FEC) meeting. Osinbajo, who left Nigeria on...