House Summons Finance Minister, Others Over Non-audit Of 801 MDAs, 110 Foreign Missions         The House of Representatives has expressed concern and dissatisfaction over the inability of the office of the Auditor General of the Federation (oAuGF) to audit 801 federal agencies and parastatals and Foreign...

FG Seeks NASS's Approval For Issuance Of N35bn Promissory Notes         The federal government yesterday revealed plans to issue promissory notes worth N35.813 billion to 30 local contractors. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed disclosed this during the 2021 budget defence held...

How N3.85trn Capital Budget’ll Be Spent — Finance Minister       The Federal Government is to spend an aggregate sum of N3.85 trillion on capital projects in the 2021 budget which represents N1.15 trillion higher than the 2020 provision of N2.69 trillion. At 29 percent of aggregate...

FG Budgets N3.85trn for Capital Projects in 2021 The 2021 budget estimates submitted to the National Assembly by President Muhammadu Buhari has N3.85 trillion for capital projects. Minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed at the budget breakdown held in Abuja. Mrs Ahmed...

Oil: Falling Price Shocking, Budget Strained, Says FG   The Ministry of Finance, Budget and National Planning, Zainab Ahmed, has said the coronavirus which had led to a huge drop in crude oil prices will put a severe strain on the Federal Government’s budget. Ahmed said this...

Fed Govt Approaches China For $17bn Loans   The Federal Government on Tuesday explained why it decided to approach the China-Exim Bank for a $17bn loan request. It said other lending institutions like the World Bank and the African Development Bank were not showing much interest when...