Expenditure

Video: Gov Okpebholo struggles to pronounce ₦605 Billion budget

Okpebholo disclosed that ₦223 billion (37%) of the total budget is earmarked for recurrent expenditure, while ₦381 billion (63%) is dedicated to capital projects aimed at fostering economic growth and development in the state.

President Tinubu writes House of Representatives, seeks approval of N2.1trn 2023 budget

The President also sent the 2024-2026 Medium Term Expenditure Framework & Fiscal Strategy Paper to the House of Representatives for consideration and approval.

Chelsea stranded; can't buy fuel for team bus as club's credit card gets frozen

Further reports say the credit card of the club which allows the team to pay simple bills like gas for the team bus, daily maintenance and other minor expenditure, was frozen on Friday by banks in the UK.

Nigeria's economic growth to slow down next year - World Bank

"Private consumption expenditure is forecast to decrease this year and grow next year. This performance will likely continue in 2024.

FG bans distribution of souvenirs at MDAs' seminars

President Buhari had set up the Efficiency Unit to review all federal government's overhead expenditure to reduce wastage, promote efficiency and ensure quantifiable savings for the country.

It can only happen in Nigeria - Peter Obi slams Tinubu over N3bn social register verification

"The inability of we the leaders to prioritise our expenditure and focus on the critical areas of national development, and national security, are the challenges weighing down on our nation today.

"Freedom Of Information Act Applicable To All States In Nigeria" - Appeal Court Rules

The citizens have a right to know details of "expenditure of public funds generated from their taxes," Mr Ogbuinya added.

I'm qualified to be Lagos governor - Obasa

Dubbed the Budget of Sustainability, it allocates 41% (₦1.239 trillion) to recurrent expenditure and 59% (₦1.766 trillion) to capital expenditure.

Reps summon Finance Minister, SGF, and Malami over alleged $2.4b unremitted oil fund

"There have been allegations that there has been expenditure from these recoveries in complete violation of provisions of the Constitution."

Nigerians Uninterested In Budgetary Arithmetic If Bread, Rice Prices Don't Decrease - Rewane

Giving a breakdown of the budget estimates, the President fixed recurrent non-debit expenditure at N9.92trn, capital expenditure at N8.73trn, debt service at N8.25trn, revenue at N18.32trn, new borrowings at N7.83trn and deficit at N9.18trn.

We Are Fortunate To Have A Leader Like President Buhari - Osinbajo

Osinbajo said: "I have said this repeatedly that in some sense, we are fortunate to have a leader like the President who, at least weknow, is straightforward and honest and committed to ensuri ng government expenditure is spent the way it should

EPL: Arsenal put six players up for sale (Full list)

However, Arsenal technical director, Edu, is focused from now until the end of the window to complete the two deals as Arteta's men need to sell the aforementioned six players to raise cash to offset their expenditure.

Justify spending N850m to kill mosquitoes and cleaning - Oshiomhole tells JAMB

Senator Adams Oshiomhole (APC/Edo North) on Monday raised concerns over the Joint Admissions and Matriculation Board's (JAMB) expenditure in 2024 during the agency's 2025 budget defence session before the National Assembly Joint Committee on

Buhari Doesn't Understand How to Run Government - Agbakoba

"The current budget is about N8tn; 70 per cent is for recurrent expenditure, that means salaries.

Ondo Acting Governor, Aiyedatiwa freezes local government accounts

A letter to the local councils reads: "Distinguished HOLGAs, Your Excellency the Acting Governor of Ondo State had directed that all spending/ expenditure from local government account should be suspended, no signing of cheques, no change of

Nothing like teachers' reward is in heaven, pay them now - Senate tells FG, states

The senate also urged the federal, states and local governments to begin the implementation of a priority expenditure scheme that put the payment of teachers' salaries in the same range as security.

Sandra Iheuwa quizzes Sophia Momodu's job to afford N23M rent

Sandra argued that this expenditure was a misplaced priority, suggesting that Sophia could use the money to start a lucrative business instead. She emphasized that, as a single mother, Sophia should be more financially prudent.

Buhari writes N'Assembly on NNPC, CBN, others

Meanwhile, the House stepped down a bill seeking to amend the FRA to allow for public participation in the formation of the Medium Term Expenditure Framework. The MTEF lays out the government's spending plan for the next three years.