29 C
Lagos, South Africa and New York
Thursday, July 2, 2020

Delta Proposes Budget of N389bn for 2020

Delta State Government has proposed a total budget estimate of N389 billion for the 2020 fiscal year. The proposed figure is made up of N217 billion capital expenditure and N171 billion for recurrent expenditure, indicating that the state government would spend more on capital projects...

Nigeria must correct inherent inequality allocation pattern in 2020 budget proposal

ActionAid Nigeria (AAN) has commended the tireless effort of the Federal government in the early presentation of the 2020 budget proposal to the joint sitting of the National Assembly. In a statement signed by its Country Director, Ene Obi, ActionAid asserted that the set parameters...

Nigeria’s 2020 budget of $28.5bn is unsustainable, say analysts

Nigerian lawmakers are asking how President Muhammadu Buhari’s record-breaking N10.33trn ($28.5bn) budget for 2020 will boost growth. The business community is even more sceptical. Companies are worried that Buhari’s ambitious revenue targets will mean a new tax war on their profits. Targeting big oil Two days after...

2020 budget: Analyst faults govt’s N8.2tr revenue projection

The Federal Government’s projection of N8.2 trillion revenue in 2020 is not realistic based on past budget achievements, a report by Afrinvest West Africa, an investment and research firm, has shown. According to the report, the 2020 revenue target is 17.1 per cent higher...

2020 Budget: Senate Adjourns Plenary to Oct. 29 for Committees to Engage MDAs

The Senate on Tuesday adjourned plenary to October 29 to enable its committees to engage the ministries, departments and agencies (MDAs) over the 2020 budget proposals. Senate President, Dr Ahmad Lawan, who made the announcement before the end of the day’s plenary advised the Ministers...

Gbajabiamila meets Committee chairrmen over budget, others

Barring any last-minute change of mind/plan the Speaker of the House of Representatives,. Femi Gbajabiamila is to meet with Chairmen of Committees from 7pm. The meeting, which is at the instance of the leadership of the House, is to quell rising discontents on the 2020...

Nigeria’s 2020 budget: Buhari threatens tax agencies’ if revenue goal is missed

By Alonso Soto and Tope Alake The government raised 2020 budget revenue target by 7% Nigerian President Muhammadu Buhari has raised the country’s revenue goals for next year even after repeatedly missing past targets by a wide margin. Africa’s...

Nigeria’s 2020 Budget proposal of $34 billion assumes $57 per barrel as Analyst see actual spending “deviate dramatically”

* Spending plan sees 2.18 mbpd oil production * Budget includes VAT rise to 7.5% from 5% (Adds details, quotes, bullet points, analyst) By Camillus Eboh ABUJA, Oct 8 - Nigerian President Muhammadu Buhari presented a record 10.33 trillion-naira ($33.8 billion) budget for 2020 to lawmakers...

Breakdown Of 2020 Budget Presentation By President Buhari

President Muhammadu Buhari on Tuesday presented a N10.729 trillion 2020 budget estimate to the joint session of the National Assembly for approval. According to the figures, N2.46 trillion has been allocated for capital projects in the figures based on $57/barrel oil price and 7.5% VAT. Below...

Just In: National Assembly Sets Date To Conclude Work On Budget 2020

The committees of both chambers of the National Assembly will conclude work on the 2020 budget estimate before the end of October, the President of the Nigerian Senate, Ahmed Lawan has said. Naija247news reports that Lawan made this comment on Tuesday during the presentation of...
Open chat
Send us your story