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2024 budget presentation

WAEC gets another chance to defend 2024 budget

The House of Representatives committee said it would avail WAEC another chance to appear before it on Thursday, December 21, 2023 owing to the board’s absence at session billed for today The House of Representatives committee on basic education has summoned the West African Examinations Council (WAEC) over the absence of its officials at the 2024 budget defence hearing.  The committee ordered the examination board to appear before it on Thursday, December 21, 2023 by...

ANALYSIS: Nigeria’s budget and bogus oil benchmarks

In the last ten years, Nigeria has been unable to meet its oil production benchmark signifying a pattern of failing in executive planning and legislative approval of the country’s annual budgets Nigeria set its first Medium-Term Expenditure Framework (MTEF) benchmark for crude oil in 2004, which was about 19 years ago. The MTEF provides a framework for Nigeria’s annual budgeting process, including revenue projections and expenditure estimates for a period of three years. It also...

We will prioritise resettlement, agriculture in FCT area councils — Reps

The committee says it is fully aware of its mandate, which includes focusing on the area councils to catch up with the rest of the federal capital in terms of development The House of Representatives Committee on Federal Capital Territory (FCT) Area Councils and Auxiliary Matters says it will prioritise resettlement schemes, agriculture, and development across the area councils. The committee chairman, Agbedi Yeitiemone Fredrick (PDP, Bayelsa), disclosed this at the committee’s inauguration on Wednesday,...

Shunning budget defence won’t help your battered image – Reps to INEC

The representatives took an unreserved swipe at the electoral body, including the widely held view of its battered image from the last general elections  The House of Representatives Committee on Electoral Matters has expressed displeasure over the absence of the Independent National Electoral Commission (INEC) at the planned 2024 budget defence hearing. The House had scheduled Wednesday, December 6, for the electoral body to appear and defend its budget estimates. However, the meeting did not...

FG mulls climate finance to curb borrowing

The option of climate finance as a cheap funding source for the budget is being explored in place of wholesome borrowing, says Tinubu’s minister The Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, has said the Federal Government will explore climate finance in order to reduce the rate of borrowing in country. Edun made this statement while speaking at an interactive session on the 2024 budget organised by the Senate Committee...

‘We are not safe in rented buildings,’ EFCC pleads for more money

The Commission asked the National Assembly to almost double its allocation of N43billion for 2024 so it can have more money for the expansion of its operations and to cater for the rising cost of living of personnel Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukayode, has said the commission intends to construct buildings to accommodate the operation of its zonal officers across the country. The EFCC boss disclosed this at...

NASS will not tolerate lackadaisical attitude – Akpabio to MDAs

The Senate President doubled down on his earlier call that MDAs must take the budget defence exercise seriously or risk sanctions The President of the Senate, Sen. Godswill Akpabio, has issued a stern warning to Ministries, Departments and Agencies (MDAs) of the Federal Government cautioning them not to take a casual approach during the budget defence exercise. Akpabio gave the caution while speaking at an interactive session organised by the Committee on Appropriations on Tuesday...

Reps to mainstream disability inclusion in 2024 budget

The chairperson of the disability committee also said plans are afoot to mainstream disability inclusion into all facets of law-making and oversight delivery of the legislature  The House of Representatives Committee on Disability has said it will work to ensure that concerns around disability inclusion are mainstreamed into the 2024 budget being processed by the National Assembly. The Committee also said it seek allocation of more funds for the National Commission for Persons with Disability...

Speaker reiterates move to amend fiscal responsibility act

The Speaker’s reiteration of the stated resolve of the National Assembly to amend the Fiscal Responsibility Act gives an additional boost to the advocacy efforts of the GIFT project    Speaker of the House of Representatives, Rep. Tajudeen Abass has restated that the National Assembly will review the Fiscal Responsibility Act (FRA), 2007, after the passing the 2024 budget. The Speaker said this on Monday, 4th December 2023, at a Citizens Townhall on the 2024...

2024 budget: Renewed hope may turn renewed hopelessness if…

Unrealistic parameters and projections in the 2024 appropriation bill may turn the budget of renewed hope into renewed hopelessness, warns a member of the House   A member of the House of  Representatives from Anambra State, George Ibezimako Ozodinobi, has cautioned against unrealistic paramaters and projections in the 2024 budget proposal.  Ozodinobi (LP, Anambra) gave the caution during the debate of the 2024 appropriation bill at the plenary on Friday.  The Labour Party lawmaker, who...

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