Page 48 - Appropriation Act News Today

Budget of Economic Growth and Sustainability Delivered By: His Excellency, President Muhammadu Buhari President, Federal Republic of Nigeria At the Joint Session of the National Assembly, Abuja Thursday, October 7, 2021 PROTOCOLS 1. It is my great pleasure to be here once again to present the 2022 Federal Budget Proposals to this distinguished Joint Session […]

President Muhammadu Buhari on Thursday presented N16.39 trillion 2022 Appropriation Bill to the joint session of National Assembly

And so the poisoned fruits of the military legacy of heterodox fiscal and monetary procedures, depending on prevailing economic circumstances, have become discernible with time.

Ms Sadiku has had a troubled tenure after leaving a lucrative career as top investment banker to lead Nigeria's investment promotion agency.

The state governments allege that the recovered loot is illegally diverted into the Consolidated Revenue Accounts and other accounts not recognised by the Nigerian constitution.

Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari “to direct the Attorney General of the Federation and

Since President Muhammadu Buhari took office on May 29, 2015, his regime has allocated approximately N5.081tn for defence, including the appropriation of N4.669tn to the Federal Ministry of Defence from 2016 to date and $1bn (N412bn) for the purchase of military equipment. This is despite the loss of 11,420 civilians and...The Advocate

Understanding Nigeria’s rising poverty level Therefore, the apex bank should not appropriate that role to itself by usurping the functions of deposit money banks. In any case, CBN intervention funds are offered at interest rates of between five per cent and nine per cent which are less attractive than the likely interest charges under the safety inflation regime. Another disadvantage is that agent deposit money banks often impose under-the-table extra costs. Also, the intervention funds r...

The World Bank’s June 2021 77-page Nigeria Development Update instructs in particular federal economic policy formulators and implementors that “rising prices alone – even without incorporating the direct impact of COVID-19 on welfare – pushed an estimated seven million Nigerians below the poverty line in 2020.” The corollary is focus by the apex bank on attainment of the principal object which mandates it to “ensure monetary and price stability” that alone would have brought abou...

New definition of ‘host community’ in passed PIB, a day-break robbery –Rivers Rep, Dagogo The Punch Published 25 July 2021 Farah Dagogo is the lawmaker representing Degema/Bonny Federal Constituency of Rivers State at the House of Representatives. The Peoples Democratic Party member speaks with LEKE BAIYEWU on the Petroleum Industry Bill recently passed by the National Assembly and his bill seeking direct payment of 13 per cent derivation to host community What do you thi...