Why Budget Increased Despite Dropping Revenues – Presidency   The Senior Special Assistant to the President on National Assembly Matters (House of Representatives), Umar El-Yakub, has said the decision of the Presidency to increase the budget despite drop in revenue was meant to mitigate the impact...

Presidency Mulls Upward Review Of N500bn Intervention Fund     The federal government is considering reviewing upwards the proposed N500 billion economic stimulus package meant to cushion the debilitating impact of the COVID-19 pandemic. Besides, the Vice President Yemi Osinbajo-led Economic Sustainability Committee is also putting forward another...

Finance Law: Presidency, Minister Differ On Implementation   The confusion over the implementation date of the finance law deepened on Tuesday as the Presidency and the Ministry of Finance expressed differing opinions. The Presidency said the Finance Act which President Muhammadu Buhari, signed into law on Monday...

Presidency: 2020 Budget Good But Not 100%   The Presidency said on Sunday that President Muhammadu Buhari , was backed by law to return any portion of the 2020 budget that required reworking to the National Assembly. It noted that the budget was “good enough”, having come...

Gencos Write Presidency, NERC Over Admin Charge   Power generation companies on Monday petitioned the Nigerian Electricity Regulatory Commission, the Presidency and other relevant agencies of government over a recent administrative charge imposed on Gencos. In a letter dated September 30, 2019, addressed to the chairman of...

Presidency Hawks Want Bonga Seized Over Judgment Debt   As the $9.6 billion arbitration award and United Kingdom Court enforcement judgment against Nigeria in favour of an Irish firm, Process & Industrial Developments Limited (P&ID), continue to generate controversy, presidency hawks are urging the federal government...