faulker047

The holidays and the New Year are over. It is now the time to start thinking about what you can do to get your financial affairs in order for this year. The turn of the year is typically a time of reflection and planning to right areas that you may have let go astray in the previous year. Start the New Year By Implementing a Financial Plan Implementing a financial plan is our top financial item you should resolve to address in the coming year. This vital item could have a tremendous impact on your financial future, not only for yourself in the coming year, but also for generations to come. The coming year should be used to design, develop and implement a financial plan. Think about the amount of time that you spent last year in researching, booking and mapping out your vacation and recreational activities. Was more time spent on planning for your leisure or your financial future? I would argue that, in most cases, leisure won this battle. Think Beyond a Budget A financial plan is more ...

Nigerian Journalist, Omoh Gabriel has looked into the budget crisis of President Muhammadu Buhari which has being trailed by massive furor in recent times. Muhammadu Buhari presenting the budget before the national assembly   Zero budgeting cannot be responsible for budget padding. It cannot be the reason for rats smuggling foreign provisions into the budget. It can not be the reason for double entry in allocation to ministries, departments and agencies of government. Those who prepare the budget have been around for many years. The Director-General, Budget Office of the Federation Dr. Bright Okogu holds a PhD in Economics from the famous University of Oxford London in 1987. He is not a stranger to budgeting process and figures. It is unheard of in the history of Nigeria’s budget circle and very shameful for the image of this administration that a serving minister will publicly disown the provisions made for his ministry. In the growing controversies dogging President Muhammadu Buh...

Controversies over the 2016 National Budget may have just begun, with a fresh N3.9 billion injected into the second version of the budget presented by Ita Enang, special adviser to President Muhammadu Buhari on National Assembly matters (Senate) according to the Senate. On December 22, 2015, the president had presented the appropriation bill before a joint session of the national assembly, and was well received as an expansionary budget aimed at stimulating the economy. On Tuesday, it was discovered that the budget was missing at the senate, and there have been speculations that it was withdrawn for correction. Senate President, Bukola Saraki met Buhari immediately after the senate plenary session, and thereafter dismissed the reports, saying the budget was with them. The presidency said hundreds of copies of the budget were presented to the national assembly and all could not possibly be missing. TheCable obtained both copies of the budget and highlighted the disparities between the t...

The controversy surrounding the missing 2016 National Budget of the President Muhammadu Buhari-led administration, has taken a new turn with two separate copies coming into the picture and the person that allegedly committed the act revealed. According to an exclusive report on Premium Times, the Nigerian Senate has accused ‎the Senior Special Assistant to President Muhammadu Buhari on Senate, Ita Enang, of changing the contents of the 2016 appropriation bill before making the document available to the lawmakers. It was learnt that the Senators at its plenary on Thursday, revealed that Ita Enang changed the contents of the original document as presented by President Buhari before a joint session of the National Assembly last December. The Senate President, Bukola Saraki, disclosed this at the end of an executive closed session with the committe who investigated the missing budget that lasted over two hours. "What he distributed is different from what was presented by Mr. President...

President Muhammadu Buhari on Tuesday in Abuja said that his administration will look inwards, enforce regulations to stop financial leakages and adopt global best practices in generating more revenue to mitigate the effect of dwindling oil prices on the Nigerian economy. The president said this while receiving the Managing Director of the International Monetary Fund (IMF), Ms Christine Lagarde at the Presidential Villa. He said that his administration will also enforce greater discipline, probity and accountability in all  revenue generating agencies of the Federal Government. The presidential spokesperson, Femi Adesina, quoted Mr. Buhari as telling Ms. Lagarde that:  “We have just come out of budget discussions after many weeks of taking into consideration the many needs of the country, and the down turn of the economy with falling oil prices and the negative economic forecasts,” “We are working very hard and with the budget as our way forward, we will do our best to ensure ...