Category: 2024 budget

Wike plans to borrow N500bn to finance 2024 budget

The Minister of FCT, Nyesom Wike, has asked the House of Representatives to approve a N500 billion loan to finance the N1.147 trillion 2024 budget of the territory. Wike appeared before the House Committee on FCT on Monday to defend his budget. In his speech, the former Rivers State governor is proposing to borrow N500 […]

How Nigerian lawmakers padded 2024 budget with over N53 billion vague projects

A review of the budget proposed by President Tinubu and the one eventually passed by the National Assembly show that the allegations of budget padding by Abdul Ningi are largely true. The post How Nigerian lawmakers padded 2024 budget with over N53 billion vague projects appeared first on Premium Times Nigeria. Powered by WPeMatico

Alleged Budget Padding: Minister speaks on “insertion” of projects into 2024 budget

Mr Bagudu, who is also a former senator, said there is nothing new about lawmakers inputting projects into the proposed budget. The post Alleged Budget Padding: Minister speaks on “insertion” of projects into 2024 budget appeared first on Premium Times Nigeria. Powered by WPeMatico

PDP urges President Tinubu to review 2024 budget

The Peoples Democratic Party (PDP) has called on President Bola Ahmed Tinubu to restore the integrity of the 2024 budget by immediately ordering an open investigation into the alleged insertion as well as a holistic review of the budget. A statement issued by the party’s National Publicity Secretary, Debo Ologunagba, said that the PDP stands […]

2024 Budget: I got more than others – Senator Ndume reacts to Agom-Jarigbe’s N500m claim

Senate Chief Whip, Ali Ndume has said that as a principal officer in the 10th National Assembly, he received more than the N200m allocation, which is the amount given to some of his colleagues and floor members for constituency projects in the 2024 Appropriation Act. Senator Ndume, who represents Borno South Senatorial District, said this […]

Nigerian lawmaker reveals each ranking senator got N500m worth of project in 2024

“If we want to go into this issue, all of us are culpable. Some senators here, so-called senior senators, got N500 million each. I am a ranking senator. I didn’t get. Did I go to the press? We don’t have to go into those issues” Mr Jarigbe said. The post Nigerian lawmaker reveals each ranking […]

Projects worth N3.7trn in 2024 budget not traceable – Senator Ningi

Chairman of the Northern Senators Forum, NSF, Senator Abdul Ningi (PDP-Bauchi Central) has insisted that projects worth N3.7 trillion in the 2024 Appropriation Act cannot be traced. DAILY POST recalls that the BBC Hausa had, on Saturday, quoted Senator Ningi alleging that the Federal Government was operating an N28 trillion budget, contrary to the N25 […]

ROUNDUP: Confusing positions on Binance, power outage, budget review, top stories from House of Reps last week

Erratic power supply to the offices of the lawmakers is taking a toll on the legislators and their representation of their constituencies. The post ROUNDUP: Confusing positions on Binance, power outage, budget review, top stories from House of Reps last week appeared first on Premium Times Nigeria. Powered by WPeMatico

2024 budget: Your claim baseless – Presidency replies Senator Ningi

President Bola Ahmed Tinubu’s administration says the claim by Senator Abdul Ningi of Bauchi Central that the 2024 national budget was padded is false and baseless. Recall that Senator Ningi had queried the whereabouts of N3 trillion in the 2024 N28.7 trillion budget. However, in a statement on Sunday, Bayo Onanuga, Special Adviser to the […]

Amid depreciation of Naira, Nigerian lawmakers move to adjust 2024 budget

The budget was pegged at N800 to a dollar but the naira currently trades at N1,605 to a dollar. The post Amid depreciation of Naira, Nigerian lawmakers move to adjust 2024 budget appeared first on Premium Times Nigeria. Powered by WPeMatico

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