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Saturday, September 19, 2020

Sanwo-Olu signs N873 billion Lagos 2019 budget into law

...Promises Speedy Implementation Lagos State governor, Mr Babajide Sanwo-Olu on Monday signed into law the 2019 Appropriation Bill. The bill with a total budget of N873,532,460,725 is a 55% capital expenditure and 45% recurrent expenditure. Out of the amount, a sum of N393,841,387 is allocated for...

Nigeria’s 2019 Budget has a funding gap of N102.83 bn — Udoma

Says GDP is expected to grow at 3.01 per cent, while the inflation rate is expected to be 9.98 per cent. Sen. Udoma Udo Udoma, Minister of Budget and National Planning, says the nation’s 2019 budget has a funding gap of N102.83 billion. The...

Nigeria considers additional borrowing to implement N8.92 trillion, 2019 budget

Nigerian government has signaled a possible raise in its planned borrowing to enable it implement the N8.92 trillion, 2019 budget signed by President Buhari on Monday. The National Assembly, NASS raised the N8.83 trillion total spending earlier proposed by the executive to N8.92 trillion, a...

Nigerian president signs $29 bln 2019 budget into law

Felix Onuah ABUJA - Nigerian President Muhammadu Buhari signed an 8.9 trillion naira ($29 billion) budget for 2019 into law on Monday. Approved by lawmakers last month, the budget is based on estimated oil production of 2.3 million barrels a day, an assumed crude...

Buhari to sign 2019 budget into law on Monday after meeting with northern govs

President Muhammadu Buhari will on Monday sign the 2019 budget into law on Monday. The Senate had on the 30th of April passed the 2019 budget of N8.92trn, into law. The budget was increased by about N10b , bringing the amount to N8.92T, as against the...

FAAC, IGR not enough to fund budgets of 28 states

The fall in oil prices slightly affected government earnings in the first quarter of 2019 as the Federation Allocation Account Committee disbursed N1.929tn between January and March this year. The figure represents a 0.45 per cent decline from the N1.938tn disbursed for the same period...

National Assembly Passes 2019 Appropriation Bill, Raises Proposed Budget by N86 billion…

In the just concluded week, the National Assembly finally passed the 2019 Appropriation Bill after it raised the proposed budget by N86 billion. According to the Chairman Senate Committee on Appropriation, Danjuma Goje, the 2019 proposed budget was increased to N8.92 trillion from N8.83...

Nigeria’s Senate postpones 2019 budget passage

The Nigerian Senate Wednesday postponed the third reading of the 2019 Appropriation Bill till Tuesday. The senate committee on appropriations on the national budget had last Wednesday laid its report on the 2019 Appropriation Bill. The committee was billed for consideration at the plenary on Wednesday,...

Nigeria may pass Budget 2019 Budget tomorrow

BARRING the unforeseen, the National Assembly will pass this year’s Appropriation Bill tomorrow. It was learnt yesterday that the Appropriation Committees of the Senate and House of Representatives have been working round the clock to ensure the submission of budget reports to the two chambers...

Nigeria’s parliament plan to pass 2019 budget on April 16

The Senate has promised to pass the 2019 budget on April 16. This is just as President Muhammadu Buhari declined his assent to the National Housing Fund Bill and seven others recently passed by the National Assembly. The Senate President, Bukola Saraki, made...
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