The concurrent operation of three budgets is a deliberate strategy to ensure the delivery of appropriated capital projects, the Federal Government has said. Director General, Budget Office of the Federation, Tanimu Yakubu, yesterday provided clarity on the multi-budget operations. The 2024 Appropriation Act, 2024 supplementary budget, and 2025 Appropriation Act are running simultaneously. The National Assembly this week extended the …

The Federal Government has projected a revenue of N36.35 trillion for 2025. On the heels of President Bola Tinubu’s 2025 budget proposal presentation to the National Assembly on Wednesday, the Director-General, Budget Office of the Federation, Mr. Tanimu Yakubu said that the budget is anchored on improved non-oil revenue generation. These, he explained, included expanded tax collections, customs duties, and …

President Bola Tinubu has approved the appointment of Mr. Tanimu Yakubu as the Director-General of the Budget Office of the Federation, following the expiration of the tenure of Mr. Ben Akabueze. Mr. Yabuku is an accomplished economist and was Chief Economic Adviser to a former President from 2007 to 2010; Managing Director/Chief Executive Officer of the Federal Mortgage Bank of …

The Budget Office of the Federation has been indicted for releasing  N19 billion to four unnamed agencies without approval of the Ministry of Finance the Senate has revealed. This is contained in the 2016 Report of the Auditor General of the Federation adopted by the Senate. According to the AuGF, the Budget Office violated extant financial regulations when it released the …

The Director General, Budget Office of the Federation, Mr Ben Akabueze has said that he is not aware of any suspension of the proposed five per cent excise duty on telecommunication companies. He said any attempt to suspend the tax would impact negatively on the execution of the 2023 budget and worsen the countries revenue problem. On Monday, the Minister …