It is no more news that the Nigerian Senate has rejected President Muhammadu Buhari's request for authorization to borrow about $30 billion. The Senate Leader, Ali Ndume, revealed that the loan request was rejected due to technical issues. One of the technical issues missing...

The Federal Government is proposing to fund part of the 2017 budget deficit of N2.69tn from funds recovered from treasury looters. The proposal is contained in the Medium Term Expenditure Framework/Fiscal Strategy Paper, which was submitted to the National Assembly. The Senate had two weeks ago...

Barring any last minute change in plans, President Muhammadu Buhari will next month launch the National Economic Reconstruction and Growth Plan that will guide the Federal Government in repositioning the economy for sustainable growth. The Minister of Budget and National Planning, Senator Udo Udoma, disclosed...

The preparation of the 2017 budget suffered another setback at the Senate on Thursday, as the upper chamber of the National Assembly took a swipe at the Executive for blaming lawmakers for the delay in the process. The Senate specifically criticised the Minister of Budget...

The ministries of Finance and Budget and National Planning as well as the Debt Management Office have begun working on the details of President Muhammadu Buhari’s $29.96bn external borrowing plan following its rejection by the Senate. The request for legislative approval for the borrowing plan...

The Federal Government has lamented that the foreign exchange restrictions by Central Bank of Nigeria (CBN) in the first half of this year adversely affected the economy. Minister of Budget and National Planning Udoma Udo Udoma, who spoke at the stakeholders’ consultative forum on the 2017-...