President Buhari said this in a letter sent to the national assembly on Tuesday requesting consideration and approval to accommodate the additional fuel subsidy funding. The letter proposed the amendment of the 2022 budget. Buhari said while N106 billion provided in the supplementary bill would be used as capital expenditure, N43.87billion would be spent on … Read more
The proposed increase in the price of petrol had been met with outrage from individuals and groups… EKO HOT BLOG reports that amid the controversy trailing the planned fuel subsidy removal, Femi Adesina has insisted that the Federal Government did not rescind its decision because of the forthcoming elections. Adesina, the President’s Special Adviser on … Read more
…the presidential spokesman dismissed reports of a crisis between his principal and the federal lawmakers. EKO HOT BLOG reports that President Muhammadu Buhari will not hamper the implementation of the 2022 budget despite the numerous changes made by the National Assembly. This is according to a statement issued by the Senior Special Assistant to the … Read more
Speech by President Muhammadu Buhari at the signing into law of the 2022 Appropriation Bill and the 2021 Finance Bill on Friday at the Presidential Villa in Abuja. PROTOCOLS I am delighted to sign into law today the 2022 Appropriation Bill as well as the enabling 2021 Finance Bill. I would like to thank the … Read more
The Senate passed the 2022 budget during plenary on Wednesday last week… EKO HOT BLOG reports that President Muhammadu Buhari will sign the 2022 Appropriation Bill on Friday, the Presidency has confirmed. The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, confirmed this on Tuesday in Abuja. According to him, the … Read more
National Assembly transmits 2022 budget to Buhari for assent EKO HOT BLOG reports that the National Assembly has transmitted the 2022 Appropriation Bill to the President, Major General Muhammadu Buhari (retd.), for assent. The House of Representatives and the Senate passed the Federal Government’s budget on Tuesday and Wednesday last week, respectively, raising the total … Read more
The National Assembly, during the week, passed the 2022 appropriation bill after increasing it by raising the oil benchmark EKO HOT BLOG reports that Senate President Ahmed Lawan has said that the recently-passed 2022 appropriation bill of ₦17.13tn will be transmitted to President Muhammadu Buhari by next week for signing. Lawan, who was accompanied by … Read more
Akeredolu signs Ondo 2022 budget of N199.28bn EKO HOT BLOG reports that Governor Rotimi Akeredolu of Ondo State on Friday signed the state’s 2022 appropriation bill of N199. 28 billion into law. The governor’s Chief Press Secretary, Richard Olatunde, who disclosed this in a statement in Akure, said Akeredolu assured that the budget would be … Read more
This is coming barely one week after the Senate failed to pass the budget as promised EKO HOT BLOG reports that the Nigerian Senate, on Wednesday, passed the 2022 appropriation bill. President Muhammad Buhari had on the 7th October 2021, presented the budget estimates to the joint session of the National Assembly. The version of … Read more
…the INEC boss has lamented that the ₦100 billion earmarked for the conduct of 2023 General Elections in next year’s budget estimates is grossly inadequate… EKO HOT BLOG reports that the Independent National Electoral Commission (INEC) has budgeted ₦4.2 billion for Continuous Voter Registration in preparation for the 2023 general elections. INEC Chairman, Professor … Read more
Pegging Of N410.15 Per Dollar In 2022 Budget Will Further devalue Naira, Says Hon Raji. Hon Raji said that the exchange rate was bound to further impoverish Nigerians…. Ekohotblog reports that Tasir Olawale Raji, the member of the Lagos House of Representatives for Epe Federal Constituency, has expressed concern over what he calls an official … Read more
Senate has invited seven MDAs over Buhari’s N5.01trn Loans. EKOHOTBLOG reports that the Senate on Wednesday invited the accounting officers of seven federal ministries, departments and agencies over their failure to defend their input in the N5.01trn loans proposed to fund the 2022 budget deficits. The Senate President, Ahmad Lawan, decried the non-appearance of … Read more
Ruling party, APC applauds President Buhari on 2022 Budget Presentation. Says growth and development topping the list is commendable. EkohotBlog reports that the All Progressives Congress (APC) welcomes President Muhammadu Buhari’s timely presentation of the proposed 2022 National Budget tagged ‘Budget of Economic Growth and Sustainability’ before a joint session of the National Assembly on … Read more
Recall that the minister had said Nigeria will fund its 2022 budget deficit, pegged at ₦6.258 trillion, through fresh borrowings Minister of Finance, Budget and National Planning, Zainab Ahmed has again backed recent borrowings by the Federal Government, maintaining that they were instrumental to the country’s exit from economic recession. Ms. Ahmed stated this on … Read more
The full speech of President Buhari’s 2022 budget presentation before the National Assembly has emerged. 2022 BUDGET SPEECH Budget of Economic Growth and Sustainability Delivered By: His Excellency, President Muhammadu Buhari President, Federal Republic of Nigeria At the Joint Session of the National Assembly, Abuja Thursday, October 7, 2021 PROTOCOLS It is my … Read more
President Buhari has presented N16.3trn 2022 budget proposal to NASS. EKOHOTBLOG reports that President Muhammadu Buhari, on Thursday, presented N16.39 trillion as the 2022 budget proposal before a joint session of the National Assembly. According to the budget proposal titled, ‘Budget of Economic Growth and Sustainability’, the oil benchmark for the 2022 appropriation is $57 per … Read more
There was heavy security at National Assembly on Thursday as federal lawmakers waited for President Buhari to present the 2022 Budget. EKOHOTBLOG reports that there was a heavy presence of security operatives at the National Assembly Complex in Abuja in the early hours of Thursday as President Muhammadu Buhari presents the 2022 Appropriation Bill … Read more
In spite of persistent agitations in some quarters against the frequent borrowing by the current administration… The Federal Government has disclosed plans to finance the proposed 2022 budget deficit pegged at ₦6.258 trillion through fresh borrowings. Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this during a press conference after the Federal Executive … Read more
President Buhari will on Thursday present the 2022 Budget to the National Assembly. EKOHOTBLOG reports that President Muhammadu Buhari will on Thursday, October 7, 2021, present the 2022 Appropriation Bill before the National Assembly. The latest development was disclosed by the Deputy President of the Senate, Ovie Omo-Agege, at the plenary on Tuesday. Omo-Agege, who presided over … Read more