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Tag Archives: 2018 budget

FG pays Chinese Firm $12m to expand Abuja-Lafia road

Abuja

Following the payment of $12m by the Federal Government, China Harbour Engineering Company Nigeria Limited has mobilised to the Kugbo, Abuja axis to commence work on the expansion of the Abuja-Keffi carriageway and the Keffi-Akwanga-Lafia-Makurdi Expressway. The Federal Government was expected to provide 15 per cent counterpart fund for the project while the Chinese EXIM Bank will provide a balance ...

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Ekiti earmarks N40bn on infrastructure, industrial development

Ekiti

The Ekiti Government said it had earmarked N40 billion to address underdevelopment in industry and infrastructure of the state, under the current fiscal year. The State Commissioner for Finance and Economic Development, Mr. Dapo Kolawole, made this known in Ado Ekiti on Friday at a public forum where he gave detailed breakdown of the N129.9bn state budget. Kolawole said the ...

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Calabar-Itu Road: Only buildings with approved plans will be compensated – Presidency

Calabar-Itu road

Senator Ita Enang, an aide to President Muhammadu, has said that compensation will be paid for only the existing structures in 1976/77 with approved building plans on the Calabar-Itu road which is under construction. Enang, the Senior Special Assistant to the President on National Assembly Matters (Senate), said this on Monday while inspecting the dualisation project at the Itam axis ...

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2018 Budget: NIESV expresses fear over non-implementation

2018 budget

Bearing in mind the late passage of the 2018 budget and the fact that only 50 per cent of what was budgeted for the housing sector in 2017 was released, the Nigerian Institute of Estate Surveyors and Valuers (NIESV) has expressed fears that the sector might not receive up to 25 per cent of its allocation for 2018. Citing so ...

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NUPENG decries N11.5billion infrastructure cut in 2018 budget

2018 budget

The leadership of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has faulted the N11.5 billion infrastructure vote cut in the 2018 budget by the National Assembly. The oil workers argued that the action portends a negative socio-economic impact on national and regional road projects like the Lagos-Ibadan expressway, the second Niger Bridge, the East-West road as well ...

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Buhari to sign 2018 budget on Wednesday, housing gets lion share

2018 budget

President Muhammadu Buhari will sign the 2018 budget into law on Wednesday. A presidential source revealed that the budget would be signed at 11 A.M. Last week Femi Adesina, special adviser to the president on media and publicity, had told state house correspondents that the president would give assent to the budget this week. Two weeks ago, Udoma Udoma, minister ...

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Ondo govt. designates N50b for rehabilitation of roads

Ondo Governor

Ondo State government has said it had earmarked about N50 billion in the 2018 budget for rehabilitation of roads in the state toward making them free of potholes. The Commissioner for Information and Orientation, Mr Yemi Olowolabi said this in an interview with journalists on Tuesday in Akure. Olowolabi said that the people of the state were happy with the ...

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Edo State partners with world bank on Expenditure framework-2018 budget

2018 budget- Edo State partners with world bank

On 2018 budget, the Edo State Government has revealed that it is partnering with the World Bank on its Medium-Term Expenditure Framework (MTEF) and Medium Term Sector Strategy (MTSS), for efficient allocation of resources and engender inclusive growth . Mr. Joseph Eboigbe, Special Adviser to the governor on Budget, disclosed this in a chat with journalists in Benin City, noting ...

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2018 budget: Enugu, Osun and Bornu Governors present budgets to state assembly

2018 budget: governors presents budget to state assembly

Governors Ifeanyi Ugwuanyi of Enugu State, Kashim Shettima of Borno State and Rauf Aregbesola of Osun State thursday presented the 2018 budget(s) to their respective Houses of Assembly. While Ugwuanyi presented N98.6billion, Shettima had N170billion and Aregbesola submitted NN173.8billion. In Enugu State, the budget estimate is 6.7 per cent less than 2017 estimate of N 105.1 billion. The budget tagged: ...

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