HomeCategory

2024 budget

N1billion for travels too small to attract investments – Senate

Both senate committees aligned on the position that N1billion for travel to attract investments was inadequate and called for increased funding for the ministry of trade  The Senate has called for more funding to the Ministry of Industry, Trade and Investment (FMITI) to enable officials embark on essential trips to woo investors into the country.  This call was made by the Senate committee on trade and investment, chaired by Senator Sadiq Umar (APC, Kwara North)...

Budget of petroleum ministry is an unserious proposal – NASS

The National Assembly joint committee condemned the N9.6 billion 2024 budget allocation of federal ministry of petroleum resources The 2024 budget proposal of the ministry of petroleum resources does not support the renewed hope agenda of President Bola Tinubu, and therfore needs to be increaesd. This was made known during defence meeting of the ministry on Monday, December 18, 2023, at the National Assembly. Members of the National Assembly joint committee described the budget as...

Pull media budgets of all MDAs to information ministry- Rep

The House of Representatives committee on information has urged for increased funding for the ministry of information by aggregating all media budgets under its purview  The House of Representatives committee on information has called on the President, Bola Ahmed Tinubu, to ensure that there’s an increase in the funds allocated to the ministry of information in the 2024 budget. Expressing concern about the N2.59 billion budgetary allocation of the ministry, the committee asked for an...

Senate mulls N10bn for national monument in Abuja

The senate committee assured that the national monument, if created, will serve as an alternative source of revenue to the country  The Senate committee on culture and creative economy has called for appropriation of N10 billion for the ministry of  arts, culture, and creative economy for the construction of a national monument in the Abuja, the Federal Capital Territory (FCT). In an appeal to the Appropriations Committee, which is chaired by Senator Solomon Olamilekan (APC,...

Reps to pass 2024 appropriation bill on Saturday

In a rare occurrence, the House of Representatives says to sit on Saturday, and the sole agenda will be to pass the 27.5 trillion appropriation bill for the 2024 fiscal year The House of Representative will pass the 2024 appropriation bill on Saturday, December 23, 2023.  TheSpeaker, Rep. Tajudeen Abbas (APC, Kaduna),  disclosed this at the plenary session on Tuesday.  He urged the lawmakers to ensure that they are present for the passage of the bill...

Exchange rate will decline in 2024 – CBN

Besides expressing optimism about the exchange rates, the CBN boss projects less revenue from oil exports in the 2024 fiscal year  The Central Bank of Nigeria (CBN) has guaranteed that the country’s skyrocketing inflation and exchange rates will significantly decrease in 2024. The apex bank also predicted lower oil revenue for the coming fiscal year, while disclosing that the sum of N18.804 billion worth of trade was recorded through the Nigerian Foreign Exchange Market (NFEM)...

NASS fumes as petroleum ministers shun budget hearing

The joint committee also suggested that the president, who is the substantive minister of petroleum, is also expected to appear to defend propositions in the 2024 budget   The National Assembly joint committee on Petroleum Resources has summoned the minister of state for petroleum resources, Sen. Heineken Lokpobiri and minister of state for gas, Mr. Ekperikpe Ekpo, to appear before it on Monday, December 18, 2023. The committee members reached the decision on Thursday, December 14, 2023,...

Defence budget isn’t for security agencies to work in silos – Senators

Members of the joint committee promised to increase the defence budget to ensure that the ministry and security agemcies are completely equipped to perform their functions The National Assembly joint committee on defence has told the minister of defence that budgetary allocations to security agencies should be of priority knowledge and coordination in order to avoid working in silos.  This position was spearheaded by Senator Ahmad Lawan (APC, Yobe North) during the budget defence of...

Alake: We need N250bn to explore solid minerals

The minister says N29 billion allocated to solid minerals development in the 2024 budget is a drop in the ocean if Nigeria must diversify the economy away from hydrocarbons  The Ministry of Solid Mineral Development has solicited for an increased budgetary allocation to ensure adequate funding for the exploration of solid minerals in the country. According to the Minster, Mr. Dele Alake, an increased allocation is the only way to ensure the ministry generates more...

Edu begs NASS to raise poverty eradication budget

Minister Edu called attention to non-provision for a poverty eradication trust fund and said there has been over 71% reduction in capital allocation to the ministry between 2022 and 2023  The Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Beta Edu, has pleaded with the National Assembly to increase the capital allocation to her ministry in the 2024 budget as the amount allocated is not sufficient for poverty eradication in the country.  The minister made...

Please email us - contents@orderpaper.ng - if you need this content for legitimate research purposes. Please check our privacy policy

  • JOIN OUR COMMUNITY

  • JOIN OUR COMMUNITY
    Close