Makinde seeks Assembly’s nod to review 2020 budget amid COVID-19
Governor Seyi Makinde of Oyo State yesterday sought the approval of the Oyo State House of Assembly for downward review of the 2020 fiscal budget from N208.8 billion to N169.97 billion amid COVID-19 pandemic.
Why revised 2020 budget may not work, by don
A development Economist, Dr Chiwuike Uba, is doubtful of the workability of the revised 2020 budget of N10.8 trillion signed into law last week by President Muhammadu Buhari.
Buhari signs 2020 revised N10.8 trillion budget
Nigeria's President Muhammadu Buhari on Friday signed into law the revised 2020 budget for the country. "President @MBuhari today at exactly 11:04am, signed into law, the revised N10.8 trillion budget for the year 2020, the revised budget was passed by the National Assembly, last month," Bashir Ahmed, a presidential aide tweeted on Friday. The National…
Senate passes revised 2020 budget
Nigeria senate on Thursday passed the revised 2020 budget of N10.8 trillion, only marginally lower than the record 10.59 trillion naira budget approved in December. The reduction in the budget cost is as a result of the coronavirus pandemic and oil price plunge which has triggered a decline in growth and large financing needs of…
2020 Budget: Senate increases oil price benchmark to $28
The Senate on Tuesday increased the 25 dollars per barrel oil price benchmark proposed by the executive in the revised Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) forwarded to it for approval.
COVID-19: Lagos Assembly reduces state’s 2020 budget to N920.5bn
The Lagos House of Assembly has passed a resolution to reduce the size of the state’s 2020 budget from N1.68 trillion to N920.5 billion due to the economic challenges posed by COVID-19 pandemic.
2020 Budget: Senate approves revised MTEF/FSP, jerks up oil price benchmark to $28
The senate yesterday approved the revised Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) as it jerked up the $25 per barrel oil price benchmark as proposed by the executive to $28 per barrel.
External borrowings to rescue as Senate cuts 2020 budget to N10.509 trillion
The Federal Government yesterday changed the earlier plan of drastically slashing the 2020 passed budget of N10.594trillion to N9trillion by reducing it with just about N85billion through a new proposal of N10.509trillion .
Reps reads the riot act to MDA's on tampering with 2020 Budget
The House of Representatives has enjoined Ministries, Department and Agencies (MDAs) of the federal government to desist from tampering with the 2020 budget.