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Wednesday, July 8, 2020

Nigeria’s Parliament’s Bill to amend 2020 budget passes second reading

A Bill for an Act to amend the 2020 Appropriation Act has passed second reading in the House of Representatives. The bill, which seeks to review the 2020 budget was presented by the Majority Leader of the house, Rep. Ado Doguwa (APC-Kano) at the plenary...

Anambra govt slash 2020 budget by 16 percent

Anambra State Government has cut its 2020 budget from N137.1 billion to N112.8 billion, representing a 16 percent reduction. The State’s Commissioner for Economic Planning, Budget and Development Partners, Mr Mark Okoye, made this announcement on Monday. According to the commissioner, the revised total...

Lagos State govt cuts State 2020 budget from N1,168.6 trillion to N920.5 billion

The Lagos State Executive Council has approved a review of the state’s 2020 budget by 21 per cent. The state Commissioner for Economic Planning and Budget, Mr Sam Egube, made this known at a press briefing on Thursday in Lagos. Egube said this was to help...

Masari signs revised 2020 Katsina budget into law

Governor Aminu Bello Masari of Katsina State has signed the revised 2020 budget for the state into law. The signing ceremony which held at Council Chambers, Government House Katsina was witnessed by the leadership of the State House of Assembly led by the speaker,A lhaji...

Nigeria revises 2020 budget to 10.52 trillion naira, eyes N5.36 trln to finance deficit

ABUJA, May 13 - Nigeria looks set to maintain its record 2020 budget of more than 10.5 trillion naira after a boost to healthcare spending to fight the novel coronavirus outweighed an earlier cut to cushion the impact of an oil price crash. Finance...

Nigeria re-adjusting 2020 budget using oil at $20 per barrel benchmark -finance minister

LAGOS, May 5 - Nigeria’s government is amending its 2020 budget to assume an oil price of $20 per barrel, Finance Minister Zainab Ahmed said on Tuesday in a web conference about the impact of low oil prices on Africa’s top crude exporter. In...

Buhari yet to forward 2020 budget, N5m palliative request to N/Assembly

The Senate has said the Executive is yet to forward to it the 2020 budget amendment bill as well as the request for N500 billion COVID-19 Intervention Fund expected to serve as palliatives to the citizenry in the wake of the Coronavirus pandemic. The upper...

Nigeria switches to domestic stock markets to finance 2020 budget

By Camillus Eboh ABUJA, April 28 - Nigeria will shelve plans to borrow 850 billion naira ($2.36 bln) from international markets and instead tap domestic markets to finance its 2020 budget, President Muhammadu Buhari said after the new coronavirus pandemic triggered an oil price plunge. Nigeria...

COVID-19: 3 weeks after passage, Economic Stimulus Bill not ready for assent

Three weeks since the House of Representatives passed the ‘Economic Stimulus Bill 2020’ to ease the impact of the COVID-19 pandemic on the economy, it is yet to be transmitted to the presidency for assent. Passed on March 24, the bill was aimed at providing...

Niger-Delta, Health, Education To Suffer N321bn Budget Cut

The slash in the Federal Government’s budget by about N321bn would mostly affect projects to be implemented in the Niger-Delta, North-East, basic education, healthcare and other sectors of the economy. The executive arm of government had on Wednesday sent a revised budget proposal to the...
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