RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home News

FG’ll roll 60% 2019 budget into 2020 –Ngige

Rate Captain by Rate Captain
August 23, 2019
in News
Reading Time: 2 mins read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The Minister of Labour and Employment, Dr Chris Ngige, on Thursday said that lack of aggressive implementation of the 2019 budget meant that 60 per cent of the budget had to be rolled into the 2020 budget.

The minister said this at his inaugural meeting with representatives of various departments and agencies of the ministry after his reappointment by President Muhammadu Buhari.

AlsoRead

How I Lost N200 Billion”: Femi Otedola Reflects on His Biggest Financial Setback

EFCC Arraigns Precious Williams for Alleged N13.8 Billion Ponzi Scheme Fraud

Kenya to Relocate Health Data from U.S. Servers After Trump’s USAID Funding Cuts

According to him, the executive arm of government would always find it difficult to implement the budget if it suspected that it had been tampered with during presentation at the National Assembly.

Ngige said, “The 2019 budget has not been aggressively executed and 60 per cent of it will have to be rolled into the 2020 budget. We knew this during the presidential retreat that was organised for ministers-designate at the Presidential Villa.”

He added that the ministry would begin packaging on its 2020 budget after the NASS assurance that if it was submitted in September, it would be returned to the ministry in December for implementation. He warned that any department under the ministry found guilty of colluding with NASS members to pad its budget would be dealt with.

He noted “We have been told to submit our budget to the National Assembly in September so that we can get it back by December. Senate President Ahmed Lawan is a man of his words that we can work with.

“There is budget padding because parastatals invited NASS members (during its planning) and this must stop henceforth. Any parastatal that does that will be sanctioned. We must live according to our means. Once the budget stays too long at the NASS, it will be difficult for the executive arm to execute it because it will suspect that the figures had been tampered with.”

Ngige also said that the ministry would monitor job losses with the aim to stem the tide while pursuing various ways of creating more jobs.

Tags: The Punch
Previous Post

Nigerian Stock Exchange Delists Skye Bank, Fortis Microfinance Bank

Next Post

NNPC under-remitted N78bn to Federation Account – NEITI

Related News

Otedola acquires 5.52% of Transcorp Plc.

How I Lost N200 Billion”: Femi Otedola Reflects on His Biggest Financial Setback

by Rate Captain
August 22, 2025
0

In a rare moment of vulnerability, billionaire businessman Femi Otedola has shared the story of how he lost nearly N200...

EFCC Launches Task Force to Combat Naira Mutilation and Dollarization

EFCC Arraigns Precious Williams for Alleged N13.8 Billion Ponzi Scheme Fraud

by Victoria Attah
June 17, 2025
0

The Economic and Financial Crimes Commission (EFCC) has charged Precious Williams, a director of Glossolalia Nigeria Ltd and Pelegend Nigeria...

Kenya to Relocate Health Data from U.S. Servers After Trump’s USAID Funding Cuts

by Victoria Attah
June 4, 2025
0

Kenya’s Ministry of Health announced plans to relocate critical health data hosted in the United States to local servers, following...

Leading Banks Struggle with Capital Deficits: Zenith Bank and Others Strive to Meet CBN Standards

Nigeria’s Equities Market Reels as Foreign Investment Plummets Amid Global Tensions

by Rate Captain
May 26, 2025
0

In April 2025, Nigeria’s equities market faced a stark reality check as foreign portfolio investment (FPI) cratered by 92.39%, plunging...

Next Post

NNPC under-remitted N78bn to Federation Account – NEITI

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Naira Surges Against US Dollar, Falls Below N1,000 Mark

CBN Opens Official FX Window to BDCs with $150,000 Weekly Limit  

February 12, 2026
OPEC – Nigeria’s oil production decreases to 972 tb/d

Nigeria’s Crude Oil Output Rises to 1.459 Million bpd in January 2026, Still Below OPEC Quota

February 12, 2026

Popular Story

  • kms tools office 2024 ✓ Activate Microsoft Office Easily ➔ Step-by-Step Guide

    0 shares
    Share 0 Tweet 0
  • e-IPO platform under-way, says NSE President

    0 shares
    Share 0 Tweet 0
  • CCA seeks development of Nigeria, US trade

    0 shares
    Share 0 Tweet 0
  • Bitcoin hits a $50,000 all time high

    0 shares
    Share 0 Tweet 0
  • SERAP sues Buhari over $25 billion Ways & Means loan

    0 shares
    Share 0 Tweet 0
RateCaptain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>