30 results
- 19 Feb 2014
Budget Office Lodged Illegal N791m in NTI Account
The House of Representatives Committee on Public Accounts on Wednesday heard how the Budget Office of Federation transferred N791 million to the bank account of the National Teachers’ Institute (NTI)…
- 13 Jun 2024
Tanimu Yakubu Replaces Akabueze as DG Of Budget Office
President Bola Tinubu has approved the appointment of Mr. Tanimu Yakubu as the Director-General of the Budget Office of the Federation, following the expiration of the tenure of Mr. Ben Akabueze.…
- 30 Oct 2013
AGF, Budget Office Say Nigeria is Cash-Strapped
Nigeria is officially cash-strapped, though not broke, according to Dr. Bright Okogwu, director-general, Budget Office of the Federation and Mr. Jonah Ogunniyi Otunla, accountant general of the…
- 21 Aug 2019
Onu Assumes Office, Asks Workers to Begin 2020 Budget Preparation
Dr Ogbonnaya Onu, minister of Science and Technology, has directed workers in the ministry to begin the 2020 budget preparation, to attain January- December budgetary cycle. Onu gave the…
- 22 Sept 2025
African Parliaments Move to Plug $587Bn Annual Revenue Leakages
Lawmakers from several African countries converged in Abuja on Monday to collaborate on strategies to block the annual revenue leakages of $587 billion, as reported by the African Development Bank…
- 7 Aug 2022
FG to Begin Implementation of Telecoms and Beverage Taxes in 2023
Federal government through the Budget Office of the Federation has revealed that it will begin the implementation of its proposed excise duties on telecommunication services and beverages in 2023.…
- 11 Aug 2022
FG Targets N484Bn from Stamp Duty Charges, Others
Federal government is set to make a total of N483.73bn in three years from electronic payment boom by way of the Electronic Money Transfer Levy, according to projection made by the Budget Office of…
- 18 Nov 2016
Buhari Owes OBJ, Others 10 Months Salaries, Blames Lack of Funds
Former Presidents Goodluck Jonathan, Olusegun Obasanjo, General Ibrahim Babangida, Alhaji Shehu Shagari have not been paid their salaries and allowances since January this year because of lack of…
- 1 Jan 2024
FG Delists Professional Bodies from Budgetary Allocations
Federal government has implemented its earlier plan to drop 26 professional bodies and councils of agencies from its budgetary allocations in the 2024 budget. Ben Akabueze, director-general of the…
- 18 Jun 2013
Reps Want Account of N5Bn Contingency Fund
House of Representatives said that some N4.9 billion from the contingency fund of federal government by the Budget Office of the Federation is misused and is seeking for explanations from the…
- 31 Jul 2017
FG Adopts Automated System for 2018 Budget Preparation
For the first time since it was acquired over five years ago, the Federal Government would be adopting the Government Integrated Financial Management Information System for the preparation of the…
- 7 Jun 2026
FG’s Debt Repayment Exceeds Budget by N1.9tn as Revenue Falls Short
Federal Government’s debt repayment obligations exceeded the 2025 amended budget allocation by N1.90 trillion in the first nine months of the year, according to the latest Budget Implementation…
- 23 Apr 2024
Alleged $500m wasteful investments: I stand by my words, Heineken Lokpobiri dares Wabote
Sen. Heineken Lokpobiri, Hon Minister Of State For Petroleum Resources have reiterated that he stands by his statement at The Petroleum Club's quarterly event in Lagos, that NCDMB wasted over $500…
- 22 Dec 2013
Reps Accuse FG of Spending N4.7trn Without Approval
House of Representatives Committee on Public Accounts, at the weekend, accused the Federal Government of spending about N4.7 trillion from 2004 to 2012 from the Service-wide vote without the approval…
- 25 Mar 2025
FG to Harmonise Fiscal Data Across MDAs
Efforts to harmonise fiscal data across government institutions have commenced in earnest, with Mr Wale Edun, minister of Finance and Coordinating Minister of the Economy, spearheading the meeting to…
- 4 Mar 2013
Senate Says FG Idle, Bemoans Abandoned Projects
The Senate has returned a damning indictment on the Presidency which it accused of underperformance and policy somersaults as well as failure to use national budgets to impact positively on…
- 8 Dec 2014
IT to LoB: CMOs Will Spend 10% Overall Technology Budget in 2015- IDC
With the rise in spending shifts from IT to Line of Business (LoB) executives, the Chief Marketing Officer (CMO) will hold 10% of the overall technology budget by the end of 2015, International Data…
- 25 Jun 2026
NASENI Moves to Digitize CCB's 5m Assets Declaration and Operations
National Agency for Science and Engineering Infrastructure (NASENI) and the Code of Conduct Bureau (CCB) has signed a Memorandum of Understanding (MOU), a framework for cooperation in institutional…
- 19 Oct 2021
Nigeria to Spend N19Bn on Software in New Budget
The Nigerian government will spend N19 billion on computer software in 2022, according to the budget proposal for the year submitted by President Muhammadu Buhari to the National Assembly. While the…
- 10 Jun 2025
FG May Forfeits $4m from World Bank Loan over Audit Flop
Federal government may lose $4 million from a World Bank loan after failing to get a pass mark on key audit standards in its revenue-generating agencies, such as the Federal Inland Revenue Service…
- 7 Feb 2022
Reps Probe 45m Accounts without BVN, N1.2Trn Stuck in Banks
House of Representatives’ Ad Hoc Committee on Unclaimed Funds in the Nigerian Commercial Banks and Infractions by the Central Bank of Nigeria (CBN) has begun investigation of funds stuck in the…
- 19 Oct 2009
BPE Team Visits Delta Steel Complex
A team from the Bureau of Public Enterprises (BPE) has visited Delta Steel Complex to ascertain the extent of compliance of the core investor with its post-acquisition plans, according to Dr.…
- 9 Dec 2021
Fintrak Software Takes Budget Solution to MDAs
Fintrak Software Limited has developed an online; real-time fully integrated system with the ability to support multiple users with many budget versions. The solution, known as FinTrak Budget…
- 10 Feb 2017
$1Bn Eurobond Pricing: FG Implementing Ambitious Economic Reform Agenda- Adeosun
Federal Republic of Nigeria on Thursday announced that it has priced its offering of US$1 billion aggregate principal amount of notes under its newly established US$1 billion Global Medium Term…
- 17 May 2026
Nigeria’s Economy May Not Survive on Statistical Manipulation
By Blaise Udunze Nigerians should gear up to start seeking accountability from those in power because the country is gradually entering one of the most dangerous phases in its economic history, not…
- 9 Aug 2026
Fake Agency: ICPC Indicts NITDA, Others over Inadequate Due Diligence
Independent Corrupt Practices and Other Related Offences Commission (ICPC) indicted the National Information Technology Development Agency (NITDA) and other ministries over administrative lapses that…
- 20 Oct 2016
Senate Lauds NDIC over Remittance to Consolidated Revenue Fund
The Senate Committee on Banking, Insurance and Other Financial Institutions has commended the Nigeria Deposit Insurance Corporation (NDIC) for its prompt and regular remittance of its operating…
- 12 Jan 2025
BudgIT Queries Irregularities in FG’s Proposed 2025 Budget
BudgIT, a civic-tech organisation promoting transparency, accountability, and effective service delivery in Nigeria, has said that it has observed certain legacy issues with the federal government…
- 3 Feb 2026
FG Mandates Shared Funding for N1.98trn Electricity Subsidy
Federal Government has directed state governments to begin sharing the cost of electricity subsidy alongside the Federal Government. It was gathered that payments for the subsidy will now be funded…
- 4 Nov 2013
FG May Lose $12Bn to Oil Theft this Year
Revenue earned by Nigeria this year may be as much as $12 billion short of budget estimates as theft of crude and output disruptions persist in the oil-rich Niger River delta, according to Ngozi…