Saving is one thing many look down on because of how infinitesimally small each input is. Also, steady inflation makes money lose value and hence savings, a waste of time. Truth is, money is never enough. I’m fact, will never be enough but we have to always set something aside for the rainy day and Read More…
“See you at Old Trafford soon,” quipped Harry Maguire in response to an apology from Ghanaian MP Isaac Adongo, who had previously likened Maguire’s football performance to criticisms of Ghana’s Vice-President Mahamadu Bawumia’s economic management. Adongo, in a past parliamentary debate, compared Bawumia’s handling of the economy to Maguire’s play at the heart of Manchester Read More…
The House of Representatives has greenlit the medium-term expenditure framework for 2024-2026, a critical set of assumptions shaping the country’s upcoming budgets. The outlined projections, ratified by President Bola Tinubu’s cabinet before reaching the National Assembly, anticipate the naira to hover around 700 Naira per dollar in 2024, gradually strengthening in the subsequent years. The Read More…
President Bola Tinubu has made two significant moves in the realm of fiscal policy, as he presented the 2023 Supplementary Budget and sought Senate approval for the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). In a letter addressed to Senate President Ahmed Lawan, President Tinubu expressed his gratitude to the Senate Read More…
Following concerns from some legislators, the Nigerian Senate on Wednesday increased the country’s 2023 budget by 6.4% to ₦21.83 trillion ($49 billion) and postponed a decision on the president’s request to convert central bank overdrafts to long-term bonds. President Muhammadu Buhari had previously requested permission from the legislature in a letter dated December 20 to Read More…
Mr. Oladotun Olakanle, the chairman of Lagos State’s Onigbongbo Local Council Development Area, presented the legislative chamber with a proposed N3.24 billion budget for 2023 on Monday under the heading “Budget of Stabilization.” Olakanle said the budget is in line with the T.H.E.M.E. agenda of the Lagos State Government, led by Governor Babajide Sanwo-Olu, in Read More…
Mr. Wasiu Adesina, the chairman of the Ikorodu Local Government, has reassured the locals of his administration’s commitment to bringing them more development projects and democratic dividends. At the stakeholders meeting for the local government’s 2023 budget held on Friday in Lagos at the council secretariat in Ikorodu, Lagos State, Adesina made the guarantee. In Read More…
Alhaji Ganiyu Egunjobi, the Executive Chairman of Agege Local Government Area of Lagos State, on Monday presented N3,993,793,829.29 as 2022 budget before the Council’s Legislative Arm for ratification. Egunjobi, in his presentation at the council’s legislative house, said that the budget would address developmental challenges for future prosperity. According to him, the proposal is aimed Read More…
Lagos State Government has earmarked 10 per cent of its year 2022 Budget to the education sector to adequately groom the youths towards making the desired impact and contributing to the progress and future development of the State. The State Commissioner for Economic Planning and Budget, Mr. Samuel Egube, disclosed this during the State Budget Read More…
In picture above: A box containing an enrolled bill is wheeled through a hallway after the bipartisan infrastructure bill package passed in the House at the U.S. Capitol in Washington, U.S., November 6, 2021. REUTERS/Elizabeth Frantz WASHINGTON, Nov 6 (Reuters) – After a daylong standoff, Democrats set aside divisions between progressives and centrists to pass Read More…
