2020 budget: Works, Power, get highest allocation
The Ministry of Works and Housing on Tuesday got the highest projected allocation of N262 billion from the N10. 33 trillion budget estimates.
Buhari based 2020 budget on proposed VAT rate
Nigeria's President Muhammadu Buhari has based the 2020 budget funding of education, health and infrastructure on the proposed increase of Value Added Tax from 5% to 7.5%. "The 2020 appropriation being presented today is predicated in the following parameters: Benchmark Oil Price $57 Production: 2.18m bpd FX: N305/$ Proposed increase of VAT from 5% to…
2020 budget: Discriminatory execution of capital projects threatens Presidency, NASS ties
Subdued anger in the National Assembly (NASS) on what lawmakers called “discriminatory implementation of capital projects accommodated in the 2019 budget” is threatening...
2020 budget: NECA calls for reform of nation’s budgetary process
The Nigeria Employers’ Consultative Association (NECA) has called for a reform of the national budgetary process and its disciplined implementation to engender national growth.
When is a good capital vote in budgeting?
The 2020 budget proposals of the Federal Government appear to be currently beset with many challenges akin to what currently plagues the current 2019 budget. In preparation for the presentation of the 2020 budget to the National Assembly, the recent release of the 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) by the…
Hope rises for 2020 budget as Buhari submits MTEF, FSP to Senate
President Muhammadu Buhari yesterday submitted the Medium Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP), for consideration of the Senate, dispelling the worry that the 2020 budget may suffer delay.
Buhari sends 2020-2022 MTEF/FSP to Senate
President Muhammadu Buhari has sent the 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper to the Nigerian Senate. Senate President, Ahmad Lawan, announced receiving the framework during Wednesday's plenary. The proposed expenditure for the 2020 budget is N9.79 trillion. Lawan has also promised early passage of the budget if submitted early to lawmakers. “The…
Ondo State begins citizens engagement on 2020 budget
The Ondo State Government has reiterated its readiness to harness her abundant human and natural resources with a view to transforming the state to one of the most developed states in the country. According to the government, this plan will be made possible through the strategic implementation of projects and programmes in the state.
Ministerial list’s delay won’t affect 2020 budget passage, says Senate president
Senate President Ahmad Lawan and Speaker of the House of Representatives, Femi Gbajabiamila, yesterday said that notwithstanding the delay in appointing ministers, the development would not stop the passage of the 2020 Appropriation Bill.