The Budget Office of the Federation has warned about Nigeria’s limited borrowing space. The country already has a poor debt-to-revenue ratio, which may lead to financial crisis if exceeded. Despite having a low debt-to-GDP ratio, Nigeria’s debt service ratio is too high as revenue is too small to sustain its debt. EKO HOT BLOG reports … Read more
Sanwo-Olu met with the Lagos business community on Monday. He reassured the stakeholders of his state’s commitment to their growth. The Lagos governor sought the business community’s support for his reelection. Eko Hot Blog reports that the Lagos State Governor Babajide Sanwo-Olu delivered a message of reassurance to the Lagos Business Community on Monday. EDITOR’S … Read more
Buhari To Present 2023 Appropriation Bill In September EKO HOT BLOG reports that President Muhammadu Buhari is expected to present the 2023 appropriation to the National Assembly next month. The Director General, Budget Office of the Federation, Ben Akabueze, made this known on in Abuja at training on budget preparation using the Government … Read more
The wife of Ben Akabueze gives birth to a bouncing baby boy in her mid 50’s EKO HOT BLOG reports that the wife of former Managing Director and one-time Special Adviser to the President on Planning, Ben Akabueze has given birth to a bouncing boy. READ ALSO: Russia’s Putin Told Biden he Would ‘Really Like’ to … Read more
Akabueze suggested that the country could grow its revenue by eliminating all regressive subsidies The Director-General of the Budget Office of the Federation, Ben Akabueze, on Tuesday said cutting budget allocations to Federal Government agencies would not have a significant impact on Nigeria’s revenue. Akabueze made the disclosure in Abuja at the launch of the … Read more
The Director-General of the Budget Office, Ben Akabueze, on Tuesday, stated that the federal, states and local government budgets were insufficient to meet the expectation of Nigerians. Akabueze, while speaking on Channels Television’s Sunrise Daily, stressed the need for more revenue generation aimed at improving the nation’s Gross Domestic Product (GDP). “Our tax with GDP … Read more
The Public Accounts Committee of the House of Representatives on Thursday have decided to pursue sanctions against the Director-General of the Budget office, Dr. Ben Akabueze. The Committee led by Rep. Wole Oke(PDP-Osun) made the decision, after adopting a motion of privilege raised by its Deputy Chairman, Rep. Abdulkadir Abdullahi(PDP-Bauchi). The lawmakers said they moved … Read more