President Muhammadu Buhari has proposed the sum of N8.595 trillion for the 2018 budget, which represents about 15 per cent increase from this year’s N7.44trn budget, according to the details of the 2018-2020 Medium Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP) presented to the National Assembly on Tuesday.
The proposal seen by Daily Trust newspaper, is, however, subject to review by either the president or the lawmakers.
According to the document, President Buhari predicated on an oil benchmark of $45 per barrel, with daily production output of 2.51 million barrels per day (bpd) and exchange rate figure at N305/$1.Source:News Bulletin
Ekiti State Governor Ayodele Fayose has described the sacking of the Executive Secretary of the Financial Regulatory Council (FRC) of Nigeria, Mr. Jim Obazee, as a cover-up by the government over the outcry on the implementation of the controversial law. In a release issued in Ado Ekiti on Tuesday and signed by the governor’s Special […]
The crisis rocking the ruling party in Oyo State, All Progressives Party, APC, over the alleged highhandedness of the state governor, Senator Abiola Ajimobi may have reached anticlimax. The crisis, if not well managed, may lead to the collapse of the party in the state as groups that are not happy with the firm grip […]
Construction companies have not returned to their various project sites despite calls by the Federal Government for them to go back to work. About two weeks ago, the Federal Government promised that it would commence the payment of contractors, who were owed billions of naira by the previous government, in a matter of days. It […]