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61.3 % of Nigerians Are Poor- UNDP

….As FG sets aside N12bn for North East An estimated 61.3 percent of Nigerians are classified as poor with 48.8 percent of them classified as dimensionally poor, so says the Human Development Report(HDR) just released by the United Nations Development Programme(UNDP) in Abuja. The report also...

N386bn Looted Funds to Finance Budget Deficit

-Calabar-Lagos, Lagos-Kano rail lines allocated N120bn Minister of National Planning, Senator Udoma Udo Udoma has said that N386 billion recovered looted funds would form part of resources to finance the 2016 budget deficit. He disclosed this while announcing details of the N6.06 trillion budget, with the...

Budget 2016: Committee submits clean budget details

The Presidency last night received the report of the committee set up to look into the contentious areas in the 2016 budget. The committee was constituted at the end of the meeting of President Buhari with the leadership of the National Assembly last Tuesday. The Minister...

Budget panel concludes work today

The committee set up by the Presidency and the National Assembly to look at the “grey areas” raised by President Muhammadu Buhari will conclude its work today, Daily Trust gathered last night. The committee was set up on Tuesday after the meeting of President Buhari...

Nigeria begs China over debt burden

The Federal Government has appealed to the Chinese government to blend its grants with loans to reduce debt burden on the country. Speaking at the China-Nigeria Economic and Trade Cooperation Forum in Abuja yesterday, the Minister of National Planning and Budget, Senator Udoma Udo Udoma...