DMO- National Assembly Approved $300m Diaspora Bond   The Debt Management Office said the National Assembly approved the Diaspora Bond, which was used to borrow $300m from Nigerians in the diaspora. In a statement made available to our correspondent in Abuja on Sunday, the DMO said the...

2018 Budget Contains N460bn Wasteful Expenditure Says Group The Centre for Social Justice on Tuesday picked holes in the 2018 budget proposals presented by President Muhammadu Buhari to the National Assembly, stating that the fiscal document contained over N460bn “frivolous, inappropriate, unclear and wasteful” expenditure. The...

FG Finally Releases N739bn Capital Vote To MDAs Ostensibly responding to the National Assembly’s complaint over the low implementation of the capital component of the 2017 Appropriation Act, the Ministry of Finance Wednesday finally released N739 billion to the ministries, departments and agencies (MDAs) of...

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...

Why we didn’t raise $5.5bn approved by NASS –Adeosun The Minister of Finance, Mrs Kemi Adeosun, yesterday disclosed why the Federal Government did not raise the full $5.5 billion approved by the National Assembly. The Minister, who spoke in Abuja said that the National Assembly approved...

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...