Category: Budget and Expenditures

Fubara Presents N1.1trn 2025 Budget To Oko-Jombo-Led 4 Man Assembly

December 30, 2024December 30, 2024 Rextun boss No Comments

Governor Sim Fubara of Rivers State has presented the 2025 budget proposal to a faction of the state House of Assembly. Fubara presented the N1.1 trillion budget to the Victor Oko-Jumbo-led House of Assembly on Monday. The four-member Assembly faction led by Oko-Jumbo had earlier read Fubara’s letter requesting permission to present the appropriation bill…

Budget and Expenditures

SERAP Tasks Akpabio, Abbas on Reduction Of N344bn NASS Budget, N9.4bn Presidency Meals, Travels Budget

December 22, 2024December 22, 2024 Rextun boss No Comments

Socio-Economic Rights and Accountability Project (SERAP) has urged the Senate President, Godswill Akpabio, and Speaker of the House of Representatives, Tajudeen Abbas “to cut the proposed budget of N9.4bn on travels, refreshment/meals, and foodstuff/catering materials for the presidency, and the proposed N344.85bn for the lawmakers, and to use the savings to address the budget deficit.”…

Budget and Expenditures, National Assembly

Reps To Probe Lagos-Calabar Coastal Highway Procurement, Says Project Not Okayed

May 10, 2024May 10, 2024 Rextun boss No Comments

The House of Representatives has yesterday declared that the Lagos-Calabar coastal highway had no approval of the National Assembly and therefore set to investigate the procurement process of the project. The House consequently called on the Minister of Works, Minister of Finance and the Attorney-General of the Federation and Minister of Justice to ensure that…

Budget and Expenditures, National Assembly

2024 Budget Of Renewed Hope Fraught With ‘Misuse’ Of Funds By MDAs

April 15, 2024April 15, 2024 Rextun boss No Comments

No fewer than 15 federal government ministries, departments, and agencies (MDAs), including the Presidency, and their associated agencies have allocated a staggering N8,997,097,623 billion to welfare packages out of the over N46 billion earmarked for vague “miscellaneous” expenses across board in the 2024 national budget, investigations has revealed. According to Leadership newspaper reports, these MDAs…

Budget and Expenditures

I Got Over N1bn Allocation For Constituency Project– Ned Nwoko

March 17, 2024March 17, 2024 Rextun boss No Comments

The senator for Delta North senatorial district, Ned Nwoko has disclosed that he received more than N1 billion for constituency projects. Nwoko, during a recent interview, mentioned that the allocation of resources to senators often varies based on the magnitude of their constituency projects, indicating that it’s not uncommon for some, including himself, to receive…

Budget and Expenditures, National Assembly

SERAP Urges Akpabio To Reinstate Ningi And Refer Allegations To EFCC, ICPC

March 17, 2024March 17, 2024 Rextun boss No Comments

Socio-Economic Rights and Accountability Project (SERAP) has urged the Senate President Mr Godswill Akpabio to “urgently refer the allegations that lawmakers padded the 2024 budget by irregularly inserting projects worth N3.7 trillion to appropriate anti-corruption agencies for investigation and prosecution.” SERAP urged him “to immediately reinstate whistleblower Abdul Ningi who was recently suspended from the…

Budget and Expenditures, Civil Society Organizations, National Assembly

House of Reps To Subpoena, May Issue Bench Warrant On Binance executives

March 4, 2024March 4, 2024 Rextun boss No Comments

The House of Representatives Committee of Financial Crimes has resolved to recommend that the House invokes its powers to subpoena and arrest executives of Binance. This followed the failure of executives of the company to appear in an investigation hearing by the Committee on Monday, March 4. Chairman of the Committee, Hon Ginger Obinna Onwusibe,…

National Assembly

I Didn’t Authorize Any Payment Into Private Account As Requested By Betta Edu – AGF Madein

January 7, 2024January 7, 2024 Rextun boss No Comments

The Accountant General of the Federation (AGF), Oluwatoyin Madein, has said she did not make any payment on behalf of the Ministry of Humanitarian Affairs and Poverty Alleviation into a private account. She stated this while reacting to a letter showing a request from the Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, for…

Budget and Expenditures

Civil Aviation Authority Budgets N2bn For Office Stationeries; N8bn For Local, Foreign Trips In 2024

January 7, 2024January 7, 2024 Rextun boss No Comments

The NCAA plans to spend N2bn on office stationeries; and budgeted N8 billion for local and international trips in 2024. The amount was presented in the 2024 government-owned entities’ (GOEs) budget proposal. The GOEs’ budget comes a week after the national assembly passed the 2024 appropriation bill, increasing its size from N27.5 trillion proposed by…

Budget and Expenditures

Federal Ministry To Spend N2.5bn On Roadshows, Furnitures

January 2, 2024 Rextun boss No Comments

The Federal Ministry of Industry, Trade and Investment will spend the sum of N2.5bn in 2024 on the procurement of furniture and new fittings, creation and partitioning of new offices, trade intelligence as well as investment promotion, image rebranding and roadshows. According to an analysis of the recently signed 2024 Appropriation Bill, the ministry plans…

Budget and Expenditures