• Features
  • Editorial
  • Submit a story
  • Contact us
  • Privacy policy
  • About us
Sunday 15 December 2019
Fast | Fair | Factual
  • Home
  • International
    • Jonathan-led AU observers declare Mozambique elections peaceful

    • Mozambique elections: Jonathan charges electoral commission to set higher standards

    • Trump to block immigrants unable to pay for healthcare

    • Jonathan advises Mozambique, others on local content policy effectiveness

  • Business
    • Buhari

      Buhari approves extension of border closure to January 31

    • Buhari moves to re-appoint Emefiele as CBN Gov

    • We Are Poised To Give Excellent Services- Augusta Ikpea-Enaholo,  Royal Oaks boss

    • NNPC Strikes $8.441 Billion Joint Venture Deals With SEEPCO, Shell, Agip, Others

  • Politics
    • Buhari

      Buhari approves extension of border closure to January 31

    • Supreme Court verdict: Atiku reacts, claims judiciary has been sabotaged by dictatorial cabal

    • Jonathan-led AU observers declare Mozambique elections peaceful

    • Mozambique elections: Jonathan charges electoral commission to set higher standards

  • Sports
    • Continental Encounter: Gov. Ugwuanyi, others to cheer Rangers

    • Manchester United insist annual revenue record in sight despite quarterly drop

    • Mauritania close to first Cup of Nations appearance

    • Mikel not a must in Eagles – Ikpeba

  • Arts and Entertainment
    • Ex-President Jonathan mourns Okara, describes his exit as colossal loss

    • ‘What happens in the shrine remains in the shrine’, says visiting French President

    • AGF seeks resumption of Melaye’s trial

    • Muslim group gives Falz 7 days to withdraw ‘This is Nigeria’ video

  • Technology
    • Oil and gas: NASS will not allow marginalisation of indigenous companies

    • Prezda to the rescue

    • DISCOs are technically insolvent – BPE

    • Lee Engineering Establishes $100 Million Fabrication Plant In Warri

  • Education
    • Sex-for-mark:Court denies Ex-OAU lecturer bail despite enchantments

    • why

      VC calls for law banning public officers from sending their wards overseas

    • ICYMI: Again, FG, ASUU meeting deadlocked as strike continues

    • ASUU strike: Students condemns FG position, calls for quick resolution

  • Society
    • Jonathan congratulates Nnia Nwodo at 67

    • Jonathan felicitates with Governor Bala Mohammed at 61

    • Jonathan condoles with Okonjo-Iweala over father’s death

    • Goodluck-Jonathan

      Former President Jonathan congratulates Peter Obi at 58

Senate doubts passage of 2018 budget in January

By newsjet admin / 2 years ago / Breaking, Business, News / No Comments
Senate doubts passage of 2018 budget in January

 

The Senate on Tuesday challenged the Minister of Finance kemi Adeosun, on Federal Government’s insistence on passing the 2018 Budget in January when less than 50 per cent of the 2017 budget was only implemented.

The upper chamber also queried why the 2017 Budget had no correlation to the 2018 Budget, insisting the implementation, if passed by January, would be poor because of the size of Nigeria.

Chairman Senate Committee on Finance, Senate John Eno, made the position known during the budget defence of the ministry.

Eno asked to know how the ministry achieved 64 per cent budget performance in 2017 when other Ministries, Departments and Agencies (MDAs) were nearly scratching below 40 per cent.

Responding, Adeosun said the ministry was working to raise all the MDAs to 50 per cent performance before the end of the year.

On leakages in Federal Government earnings, she said the ministry would look into other agencies, outside the Federal Inland Revenue Service, that could augment earnings as pointed out.

“We have taken on board some of key reform initiatives. A total of N306 billion is expected from privatisation and N5 billion from sale of other government’s property to finance the deficit.“

She said oil revenue would contribute 37 per cent of the total revenue of N6.6 trillion.

Others, according to her, are recovered looted funds, 7.8 per cent; tax amnesty, 1.3 per cent; signature bonus, 1.7 per cent; joint venture equity restructuring, 10.7 per cent; grants and donors funding, three per cent and others, 5.5 per cent.

The minister said the revenue targeted for 2017 was largely achieved, with a record of 64 per cent performance.

 

  • tweet
Previous: Mrs. Patience Jonathan bank accounts: House Committee accuses EFCC of persecution, corruption
Next: NNPC boosts fuel supply in Lagos, Abuja with 470 trucks

Leave a Reply

avatar
Leave blank to comment anonymously
Optional
avatar
Leave blank to comment anonymously
Optional
  Subscribe  
Notify of
December 2019
M T W T F S S
« Nov    
 1
2345678
9101112131415
16171819202122
23242526272829
3031  

Archieves

  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • Features
  • Editorial
  • Submit a story
  • Contact us
  • Privacy policy
  • About us

Recent Posts

  • Jonathan congratulates Nnia Nwodo at 67
  • APC Rep decamps to PDP
  • The Senate has on Wednesday approved N10bn loan refund for Kogi State.
  • PDP caucus vows showdown over Social Media Bill

Disclaimer

All views posted in reaction to stories or reflected in articles represents the opinions of their respective authors and not those of newsjetng.com

Contact us

© 2017 All Rights Reserved. Newsjetng.com | Design by Iscense
wpDiscuz