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Wednesday, July 8, 2020

Senate increases FCT budget by N45.48bn

The Senate on Friday passed the 2020 budget of the Federal Capital Territory (FCT) with an increase of N45.48 billion. The Senate President, Ahmad Lawan, called for the full implementation of the budget by the FCT authorities immediately it was passed. The passage of the budget...

In 2020, Nigeria’s N10.59 trillion budget with borrowed fund

Buhari Signs N10.59 Trillion 2020 Budget into Law, Aligns Budget Cycle with Calendar Year... In the just concluded week, President Muhammadu Buhari finally signed the N10.59 trillion 2020 Appropriation Bill into law, which as a result, returned the budget cycle to run from January to...

Lawan: With Budget 2020 Done, Nigeria’s Economy will Improve Next Year

President of the Senate, Ahmad Lawan, has given an assurance that the nation’s economy will pick up from 2020 fiscal year. Lawan, who spoke friday shortly before the Senate adjourned plenary to January 20, stressed that the passage of the 2020 Budget by the National...

Ishaku presents N213.6bn budget for 2020

By NAN Gov. Darius Ishaku of Taraba on Thursday presented a budget of N213.6billion for 2020 to the state House of Assembly for approval. During the presentation, Ishaku said the budget tagged “Budget of Accelerated Growth and Development”, was aimed at accelerating the development of the...

Adamawa assembly passes N183 bn budget for 2020

By NAN The Adamawa House of Assembly on Thursday passed the state’s N183 billion budget for 2020. This followed the adoption of the report of the House Committee on Finance, Budget and Appropriation presented by the chairman, Mrs Kate Mamuno (PDP-Demsa) at plenary. Mr Hammantukur Yettusiri, the...

Gov. Bello signs N176b 2020 Budget into Law

Gov. Yahaya Bello of Kogi on Wednesday signed N176 billion 2020 Budget of the State into law, tagged: ”Budget of Prosperity”, for capital and recurrent expenditures Bello commended the Assembly members for their patriotism and commitment to serve the people of the state after signing...

Nigeria’s Buhari approves record 2020 budget, on time for his first time

LAGOS, Dec 17 - Nigeria’s President Muhammadu Buhari approved a record 10.59 trillion naira ($34.6 billion) budget for 2020 on Tuesday, marking the leader’s first spending plan not beset by major delays. The president’s signature paves the way for a likely return to the international...

Senate Considers N232.8bn Budget for FCT

The Senate thursday considered a Bill to authorise a sum of N232.8 billion for the Federal Capital Territory Administration (FCTA) for the 2020 fiscal year. The consideration of the 2020 budget for the FCT came barely twenty-four hours after the upper chamber received a formal...

Senators seeks 20% of annual budget allocated to constituency projects

A bill that seeks to allocate a minimum of 20 per cent of Nigeria’s annual budget to constituency projects has passed the second reading at the Senate. The bill was passed on Wednesday after the lawmakers debated the provisions of the bill. It was first read...

With Buhari’s New National Security Strategy, Nigeria may struggle to raise budgeted revenue…

In the just concluded week, President Muhammadu Buhari launched a new National Security Strategy in order to further tackle the current threats of insecurity in Nigeria. According to the President, the new security strategy road map would put an end to the insurgency in...
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