Economy
MDAs get one-week ultimatum to defend budget proposals or get zero allocation
Senate President, Senator Ahmad Lawan has given a one-week ultimatum to Ministries, Departments and Agencies (MDAs) of Government that were yet to appear before relevant Committees to defend their budget proposal for 2022, to do so or risk zero allocation in the coming year. Speaking in Abuja during plenary, Lawan said that the one-week extension would allow relevant Committees to conclude work on the budget estimates of MDAs for scheduled presentation to the Committee on Appropriations.
He said “A one week deadline is hereby given for all MDAs to defend their budget. [And] if there are any MDAs not able to do so, they should forget about it because from this week, our Committees would start defending or presenting their budget defense results with the Committee on Appropriations. So, we give more time to our Committees, so that they are able to engage with the MDAs. When we close at 1pm today, we expect that the Committees will go and continue with those issues that have not been sorted out. [And] let me also say this very clearly, that there are many MDAs that are being awaited by our Committees to present some very vital documents, and this is very necessary for us to conclude work on the budget defense exercise. This week, we will close at 1pm, and Thursday would be for our Committees to work throughout till Friday and possibly Saturday, so that by next week, by the Grace of God, the budget defense would be closed, because that would be the only window.”
-
Oil and Gas16 hours agoPetrol pump price to fall below N740 per litre before Christmas as Dangote alleges sleaze at NMDPRA, demands investigation, prosecution of Farouk Ahmed
-
Economy11 hours agoNigeria’s headline inflation rate decline to 14.45% y/y–NBS
-
News11 hours agoSpread between official, unofficial foreign exchange markets dropped by N30.59US$/1—Coronation
-
Oil and Gas1 day agoNigeria issues permits for gas-flaring project, targets $2bn investment and 3 GW power potential
-
Finance11 hours agoBitcoin value drops to $88k over Bank of Japan central bank rate cut anticipation
-
News1 day agoExplore alternative management, concession models for TCN to improve efficiency, investment–CPPE to FG
-
News1 day agoAfreximbank breaks ground on its trade centre, new headquarters in Egypt’s new capital
-
Stock Market11 hours agoCordros Securities tips GTCO as top pick for 2026 due to superior assets
