The Nigerian senate has today passed the budget of the sum of N4.695 trillion for the 2014 fiscal year in excess of N53 billion from the initial N4.642 trillion proposed by the Executive.
A breakdown of the total budget shows the approval of N2.454 trillion as recurrent expenditure while the capital expenditure got N1.119 trillion approval.
In what looks unprecedented in the history of debt recovery and asset management in the banking industry, the Asset Management of Nigeria AMCON has said it has recovered 50 percent of banks’ non-performing loans.
Finance Minister submits 4.6 trillion naira budget proposal
True to speculations that President Goodluck Jonathan may not present the 2014 budget estimates before the joint session of the National Assembly, the Minister of Finance and the co-ordinating minister of the economy, Dr Ngozi Okonjo-Iweala, has today presented a N4.6 trillion budget estimates excluding...
Service Chiefs confirmed, 2014 budget debate continues
The Nigerian Senate today has confirmed the nomination of service chiefs. Standing in the name of Senator George Thompson Sekibo-Rivers East, motion was made that the Senate do consider the Report of the Joint Committee on Defense, Army & Navy; and Air force on the screening of the nominees