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Tag "2020 budget"

REVEALED: FG spent 97% of Jan-May revenue on debt servicing

    REVEALED: FG spent 97% of Jan-May revenue on debt servicing

The federal government spent 97.5 percent of its January to May 2020 revenue on debt servicing. According to the 2021 budget call circular published by the Budget Office, the federal

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Presidency: Why 2020 revised budget is higher than the original

    Presidency: Why 2020 revised budget is higher than the original

Umar El-Yakub, a presidential aide, says the presidency decided to increase the 2020 budget despite a drop in revenue to mitigate the impact of the COVID-19 pandemic on the economy.

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Senate raises crude oil benchmark to $28 per barrel from $25

    Senate raises crude oil benchmark to $28 per barrel from $25

The senate has raised the price of crude oil from $25 as proposed by the executive to $28 per barrel. The budget benchmark was approved after Solomon Olamilekan, chairman senate

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Reps panel warns MDAs against tampering with revised 2020 budget

    Reps panel warns MDAs against tampering with revised 2020 budget

A house of representatives panel has warned government ministries, departments and agencies (MDAS) against tampering with the revised 2020 budget In a statement, the house committee on appropriations said there

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Atiku asks FG to sell presidential jets, scrap N27bn n’assembly renovation budget

  Atiku asks FG to sell presidential jets, scrap N27bn n’assembly renovation budget

Atiku Abubakar, former vice president, has advised Nigerian leaders to abandon luxury and adjust to the reality that comes with

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FEC increases revised 2020 budget by N318bn

  FEC increases revised 2020 budget by N318bn

The federal executive council (FEC) has approved an increase in the size of the revised 2020 budget by N318 billion

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Senate approves Buhari’s N850bn loan request to fund 2020 budget (updated)

  Senate approves Buhari’s N850bn loan request to fund 2020 budget (updated)

President Muhammadu Buhari has asked the national assembly to approve a loan request of N850 billion to fund the 2020

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2020 budget deficit jumps to N5.18trn — 50% of current budget size

  2020 budget deficit jumps to N5.18trn — 50% of current budget size

The 2020 budget deficit has increased to N5.18 trillion after adjustments were made to revenue projections in line with prevalent

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FG slashes N312bn off capital projects in 2020 budget

  FG slashes N312bn off capital projects in 2020 budget

The federal government has slashed N312 billion from projects approved in the 2020 budget. This is in view of reduced

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FG consults national assembly over 2020 budget revision

  FG consults national assembly over 2020 budget revision

Zainab Ahmed, the minister for finance, budget and national planning, is consulting the national assembly for the revisions to be

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