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All posts tagged "2013 budget"

  • “Subsidy Remains in 2013…Please Bear With Us” – President Jonathan

    Concerning the contentious issue of fuel queues across the country, the President has asked Nigerians to bear with his administration as the government is struggling to get this right. He however alluded to the fact that part of the...

    • Posted November 19, 2012
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  • Lawmakers Investigate N13 billion Foreign Missions’ Debt

      The house of representative has vowed to investigate the contentious N13b debt owed by the ministry of foreign affairs for its foreign missions. The investigation became necessary when the lawmakers noticed that the ministry’s 2013 budget,...

    • Posted November 16, 2012
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  • Senators Caution President Jonathan’s N1.23 trillion Debt Binge

    President Goodluck Jonathan’s plan to borrow externally to the tune of $7.905 billion (about N1.23 trillion) hit the rocks, as the move was criticized by the Senate.   The lawmakers argued that there was no rationale behind such big...

    • Posted November 8, 2012
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  • Debt Burden: FG Nurses a $9.3bn External Borrowing Plan

      The Federal Government under its 2012-2014 Medium Term External Borrowing Plan forwarded a request to the National Assembly for consideration and approval for its portfolio of concessionary loans totaling $9.3 billion.   The proposal comprises of an earlier...

    • Posted November 6, 2012
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  • IMF Cautions Nigeria On Huge Spending

      On the backdrop of the shaky  global economic front, the International Monetary Fund(IMF) has advised Nigeria to avoid unnecessary  huge spending that could expose the economy  to crisis. This was the message of the Fund’s representative...

    • Posted November 2, 2012
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  • 2013 Budget benchmark assumption may be a mirage – Analysts

    Oil production has dropped significantly from 2.5 million barrels per day (mbpd) to 2.2 mbpd in the first half of this year due to effects of the flood. According to a weekly report by Afrinvest, the Nigerian...

    • Posted October 30, 2012
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  • 2013 Budget: Presidency to Spend N1.5 billion on Computers after spending N1.5 billion on same in 2012

      Investigative analysis into the 2013 and 2012 budget has shown that the presidency plans to spend N1.5 billion on computers and office stationery. The N1.5 billion earmarked funds covers the Presidency and some of its agencies including...

    • Posted October 22, 2012
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  • Reps to Tinker With 2013 Budget as Lawan Frets Over Escalating Debt

    The House of Representatives said yesterday that it would streamline the 2013 budget proposal to support capital projects. The house stood by its $80 oil price benchmark, against the President’s $75 contained in the appropriation during the...

    • Posted October 20, 2012
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  • Auditor-General to Spend N180 million on Cars

    The Auditor General’s office has requested for N180 million to acquire a Toyota Camry and 18 Toyota Hilux vans.   The breakdown of the 2013 budget have shown that the Auditor General of the Federation (AGF) will...

    • Posted October 19, 2012
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  • Oil Benchmark – House of Reps vs Okojo Iweala: Who Holds the Superior Arguement?

    The Appropriation Bill President Goodluck Jonathan submitted to the National Assembly last Wednesday quoted $75 as the Benchmark, while the house has insisted on $80 oil benchmark.   The executive have warned that anything above $75 would...

    • Posted October 16, 2012
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