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 .
2020 budget: National Assembly sets aside procedures, recieve ammended copies
The Chairman, Senate Committee on Appropriation, Senator Jibrin Barau(APC Kano North) has acknowledged reciept of amended copies of the N10.596trillion 2020 budget by leadership of both Chambers of the National Assembly.
Ekiti Government reduces 2020 budget from N124.5bn to N91.128bn
Ekiti state government on Saturday announced a reduction in its 2020 budget from N124.5 billion to N91.128 billion in accordance with the current economic realities
Realistic review of 2020 budget
The euphoria surrounding the easy passage of the 2020 Federal Government budget appears to have been significantly diminished by the effects of the COVID-19 pandemic on the economy.
‘Nigeria can save N2tr from debt financing moratorium’
A development economist, Odilim Enwegbara, has said amid the financial difficulties in the land, Nigeria could still enjoy as much as N2 trillion moratorium if it pushes for debts’ rescheduling.
Coronavirus: Buhari orders review of 2020 budget
Nigeria President Muhammadu Buhari on Thursday directed a review of the country's budget for 2020. The Presidency said the budget review, alongside other policy implementations, is to reflect current realities in the oil sector and to respond to emerging threats pose by cases of coronavirus. Other implementations directed by Buhari include prioritisation of the health…
OPS seeks policy to insulate economy from global shocks
With the gradual fall in global oil prices below the Federal Government’s projected $57 on which the 2020 budget was premised, the Nigeria Employers’ Consultative Association (NECA)