A civic-tech non-profit organisation, BudgIT has said that projects worth over N2.4 billion in the 2022 budget were directly linked to the leaders of the national assembly. The findings, which were disclosed by the communications associate, Read More
Nigeria’s President, Muhammadu Buhari, transmitted the 2022 Appropriation Act (Amendment) Bill to the National Assembly. The president, in the letter entitled, “SUBMISSION OF THE 2022 APPROPRIATION AMENDMENT PROPOSAL” requested consideration and approval to accommodate the additional Read More
In October 2021, President Muhammadu Buhari, presented the 2022 Appropriation bill tagged a “Budget of Economic Growth and Sustainability.” It was estimated at ₦16.39trillion. The president said that the bill was designed “to build on the achievements Read More
The minister of finance in Nigeria has announced the government would now charge offshore companies providing digital services to local customers in Nigeria a six percent tax on turnover as provided in the 2021 Finance Act. Read More
Between 2017 and 2022, the Nigerian National Assembly had increased the budget expenditure by a total of N1.915 trillion. While several controversies– including budget padding, repetition of projects, unnecessary allocation of funds– trail these increases yearly, the Read More
According to data contained in the 2022 budget proposal, Deposit Money Banks and insurance companies are expected to rake in the sum of N22.6 billion in bank charges and insurance premiums from Ministries, Departments and Agencies Read More
According to data obtained from the budget implementation report of the Federal Government, the amount budgeted for personnel costs has increased from N2.29 trillion spent in 2019 to N4.11 trillion in the proposed 2022 budget. This shows Read More
To finance the deficit in the proposed N13.98 trillion 2022 budget, the Federal Government plans to borrow about N4.89 trillion from internal and external sources. The Minister of Finance, Budget and National Planning, Zainab Ahmed, made Read More
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